The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...
(CNBC) Venezuela is likely to remain the biggest risk factor among leading oil producers for some time to come, according to the latest monthly report from the International Energy Agency (IEA).
An attendant sits at a closed Petroleos de Venezuela SA...
The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean...
The removal of Rex Tillerson as US Secretary of State could alter the administration's plans for sanctions on Venezuela's oil sector, analysts have said.
Tillerson, the former CEO of ExxonMobil, had become a leading advocate for sanctions on Venezuelan exports...
(Reuters) - Ecuador on Tuesday launched a bidding round for foreign companies to develop oil and gas reserves, hoping to attract some $800 million in investment to boost production in the Andean nation’s sluggish economy.
Winners will operate four oil...
(Reuters) - Colombia plans to award up to 15 oil blocks next month and will begin routinely offering onshore and offshore areas for exploration and production in May, the head of the country’s energy regulator told Reuters.
The move, Colombia’s...
(Jamaica Gleaner) A trip by Mexico’s foreign minister to Jamaica next month is being positioned by foreign media as the latest development in US-led pressure on the Nicolas Maduro administration in Venezuela.
A report by Reuters news agency says Maduro retains loyalty from...
(Oil Price) If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in the country sitting on the world’s largest...
A U.S. District Court judge has blocked the Interior Department from suspending an Obama-era rule meant to prevent planet-warming methane from escaping during oil and natural gas operations.
According to a CNBC report, the ruling marks the latest setback for...
(Reuters) - Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as the end of March, an agency...
