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Brazil’s Bolsonaro wants to change Petrobras’ fuel-price policy

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(S&P Global Platts) Rio de Janeiro — Brazilian President Jair Bolsonaro once again warned of changes at state-led Petrobras in a move that raised the specter of renewed government interference at the company that could lead to changes in...
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Venezuela completes offloading of crude from vessel that was tilting near T&T

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Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO) Nabarima which has been immobilized and anchored in the Gulf of Paria in the northeastern part of the country’s waters...
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Mexico and Brazil populist presidents confounding investors

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(Reuters) - When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. But more than two years and a costly...
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Petrobras takes over BP’s stakes in basin where geologist say Guyana oil-rich play extends

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The highly prospective Foz do Amazonas region in Brazil, which is part of South America’s Equatorial Margin, is considered to hold similar geology and prospects to Guyana and West Africa. But due to ongoing environmental challenges with permits in...
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Venezuela managed to send more crude to China in March despite overall dip in shipments

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(Reuters) - U.S.-sanctioned Venezuela managed to ship more crude in March directly to China, its main export destination, even as overall shipments dipped modestly last month, according to internal documents and Refinitiv Eikon data. The South American country's state-run oil company, PDVSA,...
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Brazil’s oil industry in grip of deadliest pandemic wave yet

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(Reuters) - The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit. New...
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Stena expanding regional presence as IceMAX arrives in Mexico

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Just weeks after the Stena DrillMAX sailed into Guyana waters to join the Stena Carron offshore the South American country, the IceMAX has arrived in Tampico, Mexico for an upcoming project with Repsol. Stena Drilling announced the arrival of the...
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U.S oil sanctions on Venezuela close to ‘tipping point’ as massive diesel shortage looms

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(S&P Global Platts) 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 Maduro has strengthened his hold on...
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Maduro wants to pay for coronavirus vaccines with oil

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(Reuters) - Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about how such a scheme would work. The crisis-stricken OPEC nation’s crude exports have plummeted to their...
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Mexico president wants law that could suspend oil permits, analyst predicts ‘serious consequences’

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(Reuters) - Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at...
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Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...

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