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Brazil to Pay Petrobras $9B
Wednesday, April 10, 2019 Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government.
Perry Says Venezuelan Oil Output Will Decline Until Regime Changes
Tuesday, March 12, 2019 The IEA says it expects Venezuelan output to fall to 800,000 barrels a day this year.
Colombia's Transandino Oil Pipeline Bombed
Thursday, March 07, 2019 A portion of Colombia's Transandino crude oil pipeline was bombed, causing a fire.
$500MM of Oil Sits Off Venezuela
Tuesday, February 26, 2019 Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil.
Chevron Pledges to Work With US to Remain in Venezuela
Tuesday, February 12, 2019 Chevron pledges to work closely with the US to remain in Venezuela despite a spiraling crisis.
Venezuela Sanctions Will be Weaker Than Expected
Wednesday, January 30, 2019 The U.S. sanctions against PDVSA will deal a meaningful blow to the Maduro administration's cashflow, but the effects will not be as harsh as the United States expects, according to Rystad Energy.
Maduro Brands Sanctions Illegal
Tuesday, January 29, 2019 The President of Venezuela, Nicolas Maduro, has branded U.S. sanctions 'illegal, criminal and immoral' in a statement posted on his official Twitter page.
US Slaps De Facto Oil Ban on Venezuela
Tuesday, January 29, 2019 The Trump administration deals its toughest blow yet to the authoritarian Venezuelan leader Nicolas Maduro.
Trump Recognizes Guaido as Venezuela Leader
Wednesday, January 23, 2019 President Trump recognizes Juan Guaido as the interim president of Venezuela minutes after the opposition leader declared himself the head of state.
Oil May Bring 400,000 Jobs and $258B in Investments to Brazil
Thursday, January 17, 2019 The secretary general of the Brazilian Institute of Petroleum, Gas and Biofuels said that in the next few years, the oil industry will bring more jobs and investments to Rio de Janeiro.
Venezuela Unites (For Once) Around Guyana
Thursday, December 27, 2018 The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country.
Bolsonaro Seeks $30B Brazil Oil Boon
Friday, November 23, 2018 President-elect Jair Bolsonaro is pursuing the sale of Brazil's deep-sea treasure-trove of oil.
Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Friday, September 14, 2018 Venezuela gave China another stake in the OPEC member's oil industry and signed several other deals in the energy sector.
Union Strike Halts Rigs At Ecopetrol Oilfield, Production Unaffected
Thursday, September 06, 2018 A 24-hour strike has stopped oil rigs and affected well maintenance at Ecopetrol's La Cira-Infantas oilfield, Ecopetrol and the USO union say.
Guyana Can Become Richest Corner of the Continent
Friday, August 31, 2018 Analysis from WoodMac says ExxonMobil's latest discovery offshore Guyana will help the country create the greatest value of any offshore basin.
In Brazil, Equinor Aims To Repeat Norway's Oil Boom
Wednesday, August 29, 2018 Norway's Equinor will invest up to $15B in Brazil over the next 12 years to develop oil, gas and renewable energy sources, the company said.
Argentina Re-Ignites Labor Deal To Spur Investment In Vaca Muerta
Tuesday, August 28, 2018 Argentina relaunched a one-year-old agreement between the government, companies and workers to drive competition and spur development in Vaca Muerta.
Report Envisions 30,000 New Offshore Brazil Jobs
Tuesday, August 28, 2018 Wood Mackenzie contends that Brazil's mature Campos basin oil fields could produce an extra 230,000 boepd with the right investment.
Venezuela's Oil-linked Cryptocurrency Leaves Heads Spinning
Tuesday, August 21, 2018 Beaten-down Venezuela on Tuesday began confronting a 95 percent currency devaluation and a regimen of economic controls that, after years of hunger and hyperinflation, landed like a hassle rather than a cataclysm.
Analysts: Venezuela's Oil Sector Continues to Unravel
Wednesday, August 08, 2018 Venezuela's oil sector 'continues to unravel', according to oil and gas analysts at Fitch Solutions Macro Research.
Colombia's President-Elect Names Maria Fernanda Suarez Energy Minister
Wednesday, July 18, 2018 Colombia's President-elect Ivan Duque named Maria Fernanda Suarez as mining and energy minister when he takes office in August.
Argentina to Include New Companies in Vaca Muerta Labor Deal
Friday, July 13, 2018 The Vaca Muerta play in Patagonia is one of the world's largest reserves of unconventional hydrocarbons.
Argentina's Shale Potential Hit As Small Firms Struggle For Funds
Tuesday, June 19, 2018 Small shale producers are struggling to break into Argentina.
Minister: Uruguay to Adopt Permanent Offer Process for Offshore Oil Blocks
Friday, June 15, 2018 Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids.
Petrobras CEO Resigns as Strikes Take Down Market Favorite
Friday, June 01, 2018 Pedro Parente resigns as Petrobras chief executive officer.
Venezuela Suggests Ready To Pay After Conoco Moves On Its Caribbean Assets
Thursday, May 10, 2018 Venezuela rejected ConocoPhillips's moves to seize the country's Caribbean assets to collect on a $2 billion arbitration award.
Man Who Ran Venezuelan Oil Giant for Decade Predicts Fast Demise
Friday, May 04, 2018 Rafael Ramirez says the state producer he ran for almost 10 years is on the brink of collapse.
Guyana's Production Ramp-up Demands Compliance Changes, New Infrastructre
Wednesday, May 02, 2018 ExxonMobil anticipates 450,000 barrels per day of oil production from the South American country by 2020.
Venezuela Hails $2B Award As 'Tough Lesson' For Conoco
Thursday, April 26, 2018 Venezuela says a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a 'tough lesson.'
Venezuela Arrests Two Chevron Employees Amid Oil Industry Purge
Tuesday, April 17, 2018 Venezuela arrests two Chevron executives.
Under Military Rule, Venezuela Oil Workers Quit In A Stampede
Tuesday, April 17, 2018 Thousands of oil workers are fleeing the state-run oil firm under the watch of its new military commander.
Argentina Eyes $500 Million Rail Project to Boost Shale Play
Friday, March 23, 2018 Argentina is readying a tender for a $500 million train line that could help unlock the potential of Vaca Muerta.
Mexico Leftist Says He Would Try To Halt Energy Auctions If President-Elect
Monday, March 19, 2018 Leftist presidential front-runner says if he wins July election, he will ask President Nieto to stop at least 2 energy auctions scheduled to take place before the new president takes office.
Trump's Offshore Oil Plan Will Struggle to Lure Rigs From Guyana
Wednesday, January 17, 2018 A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude.
ExxonMobil Reports More Offshore Guyana Success
Friday, January 05, 2018 Ranger-1 is sixth in string of world-class discoveries offshore South American country.
Statoil to Acquire Roncador Field Interest in $2.9B Deal
Monday, December 18, 2017 Statoil will acquire a 25% interest in the Roncador oil field in Brazil's Campos Basin from Petrobras.
Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role
Friday, September 29, 2017 Exxon has spent heavily this year on oil and natural gas expansion projects to replenish its diminishing reserves.
Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017 Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.
Brazil's Prized Santos Basin Receives Single Bid In Oil Auction
Wednesday, September 27, 2017 Brazil's recent auction signals low global oil prices may have reduced the allure of potential new crude and gas investments in Latin America's largest economy.
US Not Ruling Out Possible Oil Embargo on Venezuela -Haley
Friday, September 22, 2017 "There's a lot of support in Latin America to see Venezuela start to respect its people and go back to the democracy it's supposed to be," said UN Ambassador Nikki Haley.
Venezuela Publishes Oil Prices In Chinese Currency For First Time
Friday, September 15, 2017 Venezuela published the price of its oil and fuel in Chinese currency for the first time.
Indigenous Mapuche Thwart Argentina Shale Development
Friday, September 08, 2017 Indigenous Mapuche communities demanding cash payments and blocking oil wells in Vaca Muerta are threatening the long delayed development of the shale fields, oil companies say.
Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow
Wednesday, August 23, 2017 For Schlumberger and Halliburton the road to payment for services in Venezuela is increasingly long and winding.
Ex-Petrobras CEO Bendine Charged With Corruption In Brazil
Tuesday, August 22, 2017 Brazilian prosecutors charge Aldemir Bendine, the former chief executive of Petrobras with corruption.
Brazil Extends Customs Perks For Oil Industry Through 2040
Friday, August 18, 2017 Brazil extended through 2040 a preferential customs regime for the oil and gas industry called Repetro.
Petrobras CEO: Pre-Salt Oil Extraction Costs $8 Per Barrel
Tuesday, August 08, 2017 Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petrobras CEO Pedro Parente said at an event in Sao Paulo.
Suriname Signs Offshore Oil Deals with ﻿Exxon, Hess and Statoil
Friday, July 14, 2017 Suriname's state oil company Staatsolie said it signed production sharing contracts involving Exxon Mobil Corp, Hess Corp and Statoil ASA for two blocks off the coast of the South American nation.
Venezuela's PDVSA Guarantees Investor Security Amid Uncertainty
Monday, July 10, 2017 PDVSA says in a statement it is guaranteeing "legal security" for all foreign companies in the leftist-run nation.
Brazil's Petrobras Says One Dead In NS 32 Drillship Explosion
Friday, June 09, 2017 Petrobras reports an explosion on the NS 32 drill ship, which is operated by Odebrecht Oleo e Gas, according to a statement.
BP Urges Engineers to Apply for Trinidad & Tobago Graduate Program
Tuesday, May 23, 2017 BP takes to Twitter to call on engineers to apply for graduate program.