Venezuela’s state-held oil firm PDVSA has cut its outstanding debt to the largest Russian oil producer, Rosneft, to below US$1 billion, Russia’s oil giant, one of the few companies still Continue Reading
Brazil may be able to produce in the future as much as 7 million barrels of oil per day (bpd), Mines and Energy Minister Bento Albuquerque said on Wednesday, without Continue Reading
What would have been Brazil’s biggest oil auction ever has ended in a near-total flop, as oil majors steered clear of the pricey oil areas up for grabs. Brazil was Continue Reading
Financial crisis has made borrowing rates ‘unreasonable’ At least four groups are eyeing the project More pipeline capacity is needed to further develop Vaca Muerta gas Mar del Plata, Argentina Continue Reading
The glut of oil inventory that Venezuela has been nearly choking on in recent months appears to be finally draining, according to Reuters data, as the crisis-stricken country managed to Continue Reading
Shale oil production surpasses 100,000 b/d Shale growth offsets drop in conventional output September gas output rises 10.6% on year Buenos Aires — Oil and natural gas production in Neuquen, Continue Reading
The Government of Canada has warned nationals to avoid traveling to Haiti as violent protests and widespread civil unrest has been taking place across the nation for several weeks. According Continue Reading
The federal police in Brazil said on Friday they are investigating a Greece-flagged ship that may have been the origin of a mysterious oil spill that washed up on more Continue Reading
Spain will host U.N. climate change talks in December after Chile withdrew, the United Nations said on Friday, a last-minute switch which raises big logistical challenges and has left activist Continue Reading
Just as Brazil is preparing to hold what could be a blockbuster US$50-billion oil auction in early November, an oil spill of still unknown origin on more than 200 beaches Continue Reading
