(CNN Money) The country's oil output in January fell to its lowest level in nearly 30 years, not including a brief oil strike in 2003, according to S&P Global Platts.
A monthly OPEC report published Monday revealed Venezuela pumped 1.6...
(Jamaica Observer) United States Secretary of State Rex Tillerson on Saturday assured Jamaica that Washington would assist the Government in overcoming any fallout arising from supporting efforts to promote democracy in Venezuela.
Tillerson, who was speaking at a press conference...
A legal team of advisors at Guyana’s Ministry of Foreign Affairs, International Relations and Co-operations, is currently finalizing its report charting a roadmap for the Cabinet Counsel of Minister’s consideration this week.
This, as the South American nation prepares to...
(Hart Energy) A funk has settled over the Alberta oil industry as low prices, pipeline system constraints, storage shortfalls, and limited rail shipping have combined in a perfect storm that is costing producers millions of dollars every day.
While the...
(Reuters) - Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major raised its big bet on Latin America’s deep waters.
Mexican...
A bitter border controversy between oil giant Venezuela and its eastern neighbour, Guyana, has been referred to the International Court of Justice (ICJ) by United Nation’s Secretary General, Antonio Guterres.
The development obtains since the two countries were unable to...
ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland...
(Forbes) The Venezuelan oil sector is on a death spiral despite having one of the largest resource endowments in the world. According to its report to OPEC, Venezuela’s production was 1.62 million barrels per day (b/d) in December 2017, a...
(CNBC) The semi-public company Petrobras has promised to start paying dividends to shareholders again, as soon as it returns to profit after being hit by several scandals in recent years.
Petrobras, one of the largest companies in Latin America and...
The Guyana Government is looking to put systems in place for the country’s oil and gas industry which could stretch well into the next half century. As such, serious consideration is being given to the establishment of an onshore...
