Reports indicate that on Monday, armed robbers boarded the tanker San Ramón at an anchorage off Isla Borracha, Venezuela, and killed the vessel's master in an altercation.
According to a report in The Maritime Executive, the victim has been identified by Venezuelan...
(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them discover then recover massive amounts of crude oil locked beneath the floor of the Atlantic...
Brazilian state oil company Petrobras recorded an income of 9.205 billion dollars in 2019, which represents a 55.7 % rise compared to 2018.
According to an update from the company, the greatest revenue in its history was a result of...
President of Venezuela Nicolas Maduro has declared an oil emergency, announcing a commission to revamp state oil company Petroleos de Venezuela SA (PDVSA) in a bid to rescue the country’s collapsing oil industry.
According to a report in Bloomberg, the...
Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country one of its biggest demand-supply deficits in history, Rysatd Energy said in a new report...
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on Tuesday announced the designation of Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm for operating in the oil sector of the Venezuelan economy.
A...
(Bloomberg) A crude tanker stuck at sea for over a year has become the latest front in the battle over Venezuela’s oil riches after being seized last week.
Citgo Petroleum Corp., led by appointees of Venezuelan opposition leader Juan Guaido,...
Eni on Monday announced a discovery at the Saasken Exploration Prospect offshore Mexico. The company said preliminary estimates indicate that the discovery may contain between 200 and 300 million barrels of oil.
The Saasken Exploration Prospect is located in Block...
After decades of dominating its oil industry, the Venezuelan government is quietly surrendering control to foreign companies in a desperate bid to keep the economy afloat and hold on to power, reports the New York Times.
The opening is a startling...
Frontera Energy Corporation on Thursday announced a successful discovery in Colombia in the Lower Magdalena Valley, striking a combination of light oil and natural gas. The company said it looks forward to further successes in Colombia, Ecuador and Guyana.
Richard...
