SBM Offshore has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180...
Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media organization, Argus.
The waiver issued as a general license by the US Treasury Department on 28 January allowed...
With no signing bonus and seismic exploration data being made available to companies for free, the Dominican Republic is offering low-risk contract terms in an effort to attract big investment in its nascent oil and gas industry.
The licensing round...
(Bloomberg) -- Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana.
Mexico President Andres Manuel Lopez Obrador has halted new bid rounds, and state-owned Petroleos Mexicanos has...
El Tucuco (Venezuela) (AFP) - The sweltering heat of the Venezuelan forest makes no difference to Jose Gregorio, who trembles with a cold chill. "I have pain everywhere, fever," he stammers.
Gregorio has the classic symptoms of malaria, a disease...
Venezuela enjoys the largest proven oil reserves in the world. According to OPEC’s 2018 Annual Statistical Bulletin, some of Venezuela’s natural resources include gas, iron, gold, bauxite, and diamonds. Its economy, however, is spiraling downward with no end in...
(Reuters) - Venezuela’s oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA’s primary destination for its crude, according to company records and Refinitiv...
A review committee appointed by Jamaica’s Prime Minister, Andrew Holness, is recommending that the government of the Caribbean island nation get out of the refinery business and instead hand it over to the private sector.
According to a June 27...
(CNN Business) Chevron's nearly century-long relationship with Venezuela might not survive the Maduro regime's fight with the United States. Not only is Venezuela's infrastructure crumbling, but the OPEC member's national oil company has been sanctioned by the Trump administration.
Chevron...
This week, Nicolás Maduro gave two new gas deposits to Russia, offering up 100% of the project and all gas rights exploited, according to a report on online news service Panam Post. The report, published on June 14, said...
