Venezuelan President Nicolas Maduro is well-known for his saber-rattling, much of which is designed to distract Venezuelans from the severe economic crisis sweeping the country and the brutality of his Continue Reading
Colombia will extend coronavirus restrictions based on intensive care unit occupancy rates, President Ivan Duque said on Sunday, amid rising case numbers. Slideshow ( 2 images ) The Andean country, Continue Reading
The Venezuelan government has long tolerated armed groups trafficking drugs and contraband near its border with Colombia. Now it has lashed out at one of them, driving thousands of civilians Continue Reading
He has sneered at the Covid-19 pandemic, even as it led Brazil’s health care system to collapse . He has ridiculed opposition lawmakers, who are gunning for his impeachment. His Continue Reading
A new campaign by the Venezuelan military near the country’s lawless western border is sparking a surge of refugees, with thousands defying the spiking pandemic to pack into makeshift shelters Continue Reading
Offshore oil and gas drilling is set for a rebound this year following a major 2020 pullback when exploration and production companies deferred many activities due to the pandemic and Continue Reading
Peru has struggled for over a decade to build its hydrocarbon sector and boost crude oil reserves and production. 2020 was particularly difficult for the Andean country’s crisis-ridden petroleum industry Continue Reading
US oil sanctions on Venezuela could reach a tipping point this summer if a dire diesel shortage further exacerbates a humanitarian crisis that continues to unfold even as President Nicolás Continue Reading
A deforested area in Mato Grosso State in Brazil in August 2020. Destruction of the world’s forests increased last year even as pandemic shutdowns curbed economic growth, adding more pressure Continue Reading
The heads of Brazil’s army, navy and air force resigned Tuesday, rocking a right-wing government that is already facing public fury over President Jair Bolsonaro’s inability to contain the fast-spreading coronavirus pandemic. Brazil’s Defense Continue Reading
It was roughly a decade ago when hydraulic fracturing, known as fracking, was identified as a crucial means for boosting Colombia’s meager hydrocarbon reserves and production. A shortage of proved Continue Reading
Venezuela could pay with oil for COVID-19 vaccines, Nicolas Maduro, the President of the struggling South American nation that is home to the world’s biggest oil reserves, said on Sunday. Continue Reading
Venezuela’s government on Sunday accused Facebook Inc of “digital totalitarianism” after it froze President Nicolas Maduro’s page for 30 days for violating its policies against spreading misinformation about COVID-19. Facebook Continue Reading
The virus has killed more than 300,000 people in Brazil, its spread aided by a highly contagious variant, political infighting and distrust of science. The patients began arriving at hospitals Continue Reading
After a series of notable oil discoveries in offshore Guyana and then Suriname over the last six years the impoverished South American nations became a focal point for offshore drilling Continue Reading
Houston — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the top executive Continue Reading
The operator of an oil terminal operated by Venezuela’s state oil company PDVSA has declared bankruptcy, blaming it on U.S. sanctions, Reuters has reported , citing court documents. According to Continue Reading
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil under President Continue Reading
Managers of foreign oil companies have been visiting Caracas recently to negotiate a possible return of international firms to Venezuela’s embattled oil industry after Nicolas Maduro began promising earlier this Continue Reading
An explosion at a 20-inch pipeline that provides natural gas to the PIGAP II gas reinjection plant in northern Monagas state in Venezuela was the result of a “terrorist attack,” Continue Reading
EPC firm Black & Veatch will undertake feasibility studies central to the development of the world’s largest green hydrogen plant. When operational, Enegix Energy’s planned Base One facility in Ceará, Continue Reading
Venezuelan farmers said that they had asked the government to allow them to import diesel themselves to alleviate shortages of the fuel that are hindering food production and distribution. Diesel Continue Reading
Argentina’s YPF said March 19 that it plans to invest more than $1.5 billion this year to ramp up oil and natural gas production in the Vaca Muerta shale play, Continue Reading
The Liza Phase 1 offshore project—Guyana’s first oil-producing project led by ExxonMobil— has reached its full planned production capacity of some 130,000 barrels per day (bpd), Guyana’s President Irfaan Ali Continue Reading
A spat over fuel prices last month saw Brazil’s President Jair Bolsonaro replace the CEO of national oil company Petrobras Roberto Castello Branco, who is popular among investors with former Continue Reading
The world’s fifth-largest coal exporter, Colombia, is confident that continued coal demand in Asia will warrant Colombian government support to the industry for at least two more decades, even after Continue Reading
The Inter-American Development Bank (IDB) and the International Renewable Energy Agency (IRENA) are teaming up to promote renewable energy investment in Latin America and the Caribbean, backing the energy transition Continue Reading
Fearful of being robbed and scared of losing his place in a miles-long line for diesel, Daniel Trocel spent the entire night in his truck parked along the edge of Continue Reading
Since the U.S. presidential election started in earnest toward the end of 2020 there has been considerable speculation regarding President Biden’s plans for crisis-torn Venezuela. President Biden has flagged that Continue Reading
The creaming curve for lease sales in Brazil looks like it is turning towards the asymptote overall. Unfortunately there is insufficient data provided to allow land and marine leasing to Continue Reading
There has long been an association between petroleum production, political repression, poor governance, and increased internal conflict. For strife-torn oil-dependent Colombia, which is claimed to be Latin America’s longest-running democracy, Continue Reading
The Venezuelan National Assembly will consider reforms to the country’s oil law that will open the door to “new business models,” President Nicolas Maduro said this week, as quoted by Continue Reading
Venezuela’s crude oil exports rose last month despite Washington imposing new sanctions in January on several trading houses that worked with Caracas to export its oil. According to Tanker Trackers Continue Reading
Venezuela oil exports dropped in February after the U.S. sanctioned key trading houses and individuals that had been propping up exports of the commodity that bankrolls President Nicolas Maduro’s regime. Crude Continue Reading
Venezuela and Iran, both sanctioned by the United States, have found a way to help each other as shipping companies stay away from dealings with the two oil-producing countries for Continue Reading
Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the two state-run oil Continue Reading
The Panama Canal Authority is considering seeking greater compensation for canceled bookings during peak seasonal demand periods, as it works to add a third daily reserved transit slot for LNG Continue Reading
Francisco Dallmeier is the head of the Center for Conservation and Sustainability of the Smithsonian Conservation Biology Institute. Cristina V. Burelli is executive director of V5 Initiative and SOSOrinoco.org. The Continue Reading
The European Union on Monday imposed sanctions on 19 more officials in Venezuela accused of undermining democracy or rights abuses in the crisis-torn South American country. EU foreign ministers targeted Continue Reading
In a surprise move, President Biden has withdrawn U.S. support for a Saudi-led military campaign against Houthi rebels in war-torn Yemen, describing the country’s bitter civil war as a humanitarian Continue Reading
As Trinidad and Tobago continue to explore for major oil and gas fields in the Caribbean region, the Bahamas Petroleum Co. has made a non-commercial oil discovery. While Trinidad and Continue Reading
Aframax Caribbean-USGC runs down 75% in 2020 from 2016 Sanctions lifting would release 500,000 b/d of crude Guyana provides potential return of Caribbean Suezmax business A partial easing of US Continue Reading
Venezuela has jailed for five years two former managers at its state oil firm PDVSA for providing sensitive data about Venezuelan oil operations to the United States, Venezuela’s attorney general Continue Reading
Latin America just seems to be unable to synchronize its long-mooted upswing with global energy trends. Venezuela boasts the largest reserves on earth yet just as it starts to recover Continue Reading
Harsh U.S. sanctions, a crumbling economy, and near collapsed petroleum industry have done little, if anything, to loosen President Maduro’s grip on power in Venezuela. It appears that one of Continue Reading
The oil production decline that the Covid-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only rebounded to pre-pandemic Continue Reading
A new monthly record was set in January for LNG tanker transits of the Panama Canal, as US shipments to Asia surged, according to the operator of the Canal. Receive Continue Reading
Fracking activity in Vaca Muerta, Argentina shot up in January to its highest level in 17 months, according to data released Feb. 3, as demand recovers from an eight-month lockdown Continue Reading
Average crude output by Venezuela’s state-owned PDVSA and its foreign partners in January rose to 520,000 b/d, or 100,000 b/d more than December, according to daily production reports reviewed by Continue Reading
The tiny South American countries of Guyana and Suriname are the focus of Latin America’s latest oil boom. A slew of oil discoveries by ExxonMobil since 2015 in its offshore Continue Reading
