Regional

Oil major BP Plc is closely following oil auctions in Brazil, Mexico and other potential offshore investment opportunities in Guyana, Colombia and Suriname in a bid to expand its presence in the region. Rising crude prices and energy reforms in...

(Hart Energy) Brazil’s Petrobras intends to raise US$21 billion with the sale of assets by the end of this year, according to its 2018-2022 business plan, as the company works to lower debt while carrying out activities, mainly in...

Guyana has begun the preliminary process in order to cycle funds from an US$18M signing bonus received from ExxonMobil in 2016, to defend its border controversy case at the International Court of Justice (ICJ). The move is documented in a...

(Reuters) - Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to two sources familiar with draft...

(Reuters) - Chevron Corp (CVX.N) said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime. Venezuelan Sebin intelligence...

BP and state-owned Brazilian oil company Petrobras have announced they have signed a Memorandum of Understanding (MoU) to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond. Petrobras is globally recognized as the world’s...

Guyana’s Ministry of Natural Resources (MNR) will be moving to establish an information portal on the development of natural resources in the South American country the Department of Public Information (DPI) stated in a report. Natural Resources Minister, Raphael Trotman...

(Bloomberg) Investors have bailed on the Canadian energy sector, although mergers & acquisitions north of the border could provide a much needed catalyst, barring pipeline and political developments. Raymond James recently called upon John Connor to help save the space, and BMO Capital...

(Bloomberg) Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products targeted. The list also included petrochemicals and liquefied propane, indicating that the world’s biggest oil buyer...

The largest political risks facing the oil and gas sector this year remain centered around Iran and Venezuela. That is the view of oil and gas analysts at BMI Research, who highlighted that uncertainty surrounding the future of sanctions on...