The power supply crisis in Venezuela is highly likely to continue in the coming months, affecting everyday life and paralyzing oil production in the country sitting on top of the Continue Reading
Exxon may not be interested in stepping up to the bidding plate at Brazil’s massive $50 billion transfer of rights auction next week, because the oilfields up for grabs come Continue Reading
Madrid has offered to hold the next United Nations climate talks, the leaders of Spain and Chile announced on Thursday. The announcement came a day after Chile said it could Continue Reading
Sebastián Piñera, centre, said his government needed to concentrate on “re-establishing public order” Chile has pulled out of hosting two major international summits, including a UN climate change conference, as Continue Reading
At least one large international oil player will refrain from taking part in the so-called transfer-of-rights oil auction Brazil has scheduled for next week. Repsol Sinopec, a joint venture between Continue Reading
Two more Guyana exploration wells planned Has success in US Gulf of Mexico Esox discovery Bakken output up 38% year over year on better wells Hess Corp’s first oil in Continue Reading
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile Continue Reading
Brazil’s President Jair Bolsonaro floated the idea of joining OPEC during a visit to Saudi Arabia. Appearing at the so-called “Davos in the Desert,” Bolsonaro expressed interest in OPEC. “I Continue Reading
PDVSA’s 2020 bond payment that is due today is largely expected to go into default by tomorrow, but the collateral used to back the bond, the US-based Citgo refinery, may Continue Reading
The U.S. Treasury is blocking for 90 days creditors from seizing shares in Venezuela’s U.S. subsidiary Citgo, temporarily shielding the prized Venezuelan asset in a win for Venezuela’s opposition and Continue Reading
