(Bloomberg) - The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.
The sanctions...
(Bloomberg) - Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want to shut down amid low oil prices and a struggling global economy. But the...
Venezuela President Nicolas Maduro has said fuel prices will increase in the cash-strapped South American country from June, putting a limit on state subsidies that for decades had allowed citizens to fill their gas tanks virtually for free.
Although the...
(Reuters) - Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for Venezuelan crude sales stopped receiving oil, Refinitiv Eikon data and...
Brazilian state-led energy company Petrobras will grant rival producers and other companies access to onshore natural gas processing facilities in a two-step process in the latest move toward opening Latin America's biggest market under the terms of an antitrust...
Norway’s Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, industry and regulatory sources told Reuters on Tuesday.
Royal Dutch...
(New York Times) An oil tanker called “Fortune” has sailed into Venezuela from Iran, the first of five ships expected to arrive in a nation so starved of gasoline that the docking of a single tanker was hailed on...
Trinidad and Tobago is adamant that it will not facilitate the passage of a fleet of Iranian oil tankers heading to Venezuela loaded with petrol.
Minister of National Security, Stuart Young, is quoted in Newsday as saying that the twin...
The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday.
Five vessels are on the high seas and are due...
Malaysian oil and gas company Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 percent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 per cent...
