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OPEC+ oil production falls but Venezuela pumps 40,000 b/d more in March

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(S&P Global Platts) Crude oil production by OPEC and its allies fell in March from February for the first time in more than a year, the latest S&P Global Commodity Insights survey found, contributing to a tightening market thrown...
News

U.S. likely to extend Chevron’s license to operate in Venezuela – PDVSA Chair

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(Reuters) - The chair of the ad-hoc board of Venezuela's state-owned oil company PDVSA (PDVSA.UL), which controls some of its most important foreign assets, said earlier this month it was very likely that Washington will extend Chevron's license to operate...
Discoveries

Petrobras makes new oil find in Campos basin

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Brazilian state-run oil company Petrobras recently announced the discovery of a new accumulation of oil in the pre-salt of the southern part of the Campos Basin in a pioneer well in the Alto de Cabo Frio Central block. The Well 1-BRSA-1383A-RJS (Alto de Cabo...
News

Bolsonaro picks new frontrunner for Petrobras

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Brazilian President, Jair Bolsonaro on Thursday tapped José Mauro Ferreira Coelho to take over as the top executive of the state-owned Petroleo Brasileiro SA or Petrobras after ousting his predecessor Joaquim Silva e Luna amid rising fuel costs. Back in...
News

Shell starts up gas production at Colibri project offshore Trinidad

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Shell Trinidad and Tobago (T&T), through Shell PLC subsidiary BG International Ltd., announced recently that it started production at the Colibri natural gas field offshore the Twin Island Republic. In a statement, the company explained that ‘Project Colibri’ is a backfill project that is expected to...
News

Exxon drilling in area that could contain 1 billion barrels

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(Reuters) - U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful,...
News

Guyana wants assurances its sovereignty not part of US discussions with Venezuela – VP Jagdeo

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As United States President Joe Biden looks for ways to lower gas prices, Guyana wants to make sure the North American nation’s support for its territorial integrity will not be made to hang in the balance. This was related to...
News

Guyana seen as better option than Venezuela, in Biden’s bid to lower US gas prices

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Miami Herald columnist, Andres Oppenheimer says that if President Joe Biden of the United States wants to lower gas prices there, he would be better off negotiating with Guyana, rather than Venezuela. “President Biden recently sent a team of senior...
Opinions

Biden administration faces hurdles with any potential Venezuela oil deal

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By John Kimelman In 2019, the U.S. imposed a ban on the importation of Venezuela oil shortly after President Nicholas Maduro won reelection in a vote widely seen as fraudulent. But the Biden administration is reconsidering that decision in the wake...
News

Rubio among those criticizing Biden administration over Venezuela visit

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When senior officials from the Joe Biden administration -- including the National Security Council's director for the Western Hemisphere, Juan Gonzalez, and the US special presidential envoy for hostage affairs, Roger Carstens -- were dispatched to Caracas over the...
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SLB secures multi-region deepwater contracts from Shell

Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy...

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