Regional

St. Kitts & Nevis strips oil tankers of flag-carrying status after breaching U.S. sanctions to secretly ship Iranian oil

(NBC) Four oil tankers have been stripped of their flags following an NBC News investigation into allegations they secretly transported Iranian oil in defiance of crippling U.S. sanctions imposed by President Donald Trump. The four ships all made covert visits to Iranian...

U.S. checks storm impact at oil reserve, aims to deliver crude over weekend

(Reuters) - The U.S. Energy Department said on Friday it was reviewing “minor impacts” from Hurricane Laura at a Texas site of the national emergency oil reserve and hopes to begin assessing the status later today of one of...

Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil

Shell announced said Tuesday a final investment decision has been taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field within the offshore...

Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As opposed to other countries with established oil and gas sectors in the region, Brazil...

US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...

Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

(Reuters) - Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s...

U.S. eyes October deadline to end exemptions on Venezuela oil sanctions

(Reuters) - The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources said, as Washington seeks to raise the...

T&T’s National Energy says low natural gas volume scenarios affected its projects

Trinidad and Tobago’s State-owned National Energy is said to have only delivered one project in the last twelve years and none in the last five years. This is according to a report in the Trinidad Guardian on Thursday. Noting that...

Petrobras-led Libra Consortium awards TechnipFMC ‘large’ contract

TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium. That consortium, which was formed by Petrobras,...

U.S. considers expanding Venezuelan oil sanctions

(Bloomberg) --The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures could target crude swaps with companies in Asia...

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Iran threatens to close just-reopened Strait of Hormuz if U.S. blockade continues

Iran is now warning it will shut the Strait of Hormuz to commercial shipping again if the United States...