Brazil's state-run oil company, Petrobras, said Monday it has halted production at platform P-25 in the Albacora field after identifying an oil spill from the offshore pipeline located in the northern region of the Campos Basin, about 110 kilometers...
After asserting that the International Court of Justice (ICJ) has no jurisdiction to hear the case involving its claim over Guyana’s territory, Venezuela today failed to make a submission in support of its argument.
The Guyana government said on Thursday...
Deteriorating conditions in Venezuela, home of the world’s largest oil reserves, is obstructing a deal with neighbouring Trinidad and Tobago to transport gas over a 17 km pipeline from the Dragon Gas Field to the Hibiscus platform, in the...
Australian company BHP announced that it has made commercial discovery of hydrocarbons offshore Trinidad and Tobago during the first quarter of 2019, on the heels of a gas discovery at the Bongos-2 well in the north last year.
The find...
(Bloomberg) China is the world's largest oil importer and Venezuela has the largest proven oil reserves in the world. For those two reasons alone, the economic relationship between our nations will inevitably grow. In fact, we hope for even...
(Bloomberg) Secretary of State Michael Pompeo blamed China and Russia for spreading “disorder” in Latin America by funding failing development projects and supporting leaders such as Venezuelan President Nicolas Maduro, who the U.S. insists must step down from power.
Pompeo,...
UK-based TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract for the Lapa field by Total E&P do Brasil Ltda on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil...
Buenos Aires-based Pluspetrol has taken further action to increase its holdings in Suriname.
According to Suriname's state oil company Staatsolie, Tullow Oil has transferred a part of its interest in the production sharing contract (PSC) for offshore block 62 to...
(Reuters) - Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from the South American country to its ideological ally, Foreign Minister Jorge Arreaza said on Monday.
Washington on Friday imposed sanctions on 34 vessels...
US sanctions will hit 34 vessels owned or operated by Venezuela state oil company PDVSA and two companies which are transporting crude to Cuba.
This is according to Vice President Mike Pence who said on Friday "Venezuela's oil belongs to...
