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Maduro’s Grip on Venezuela’s oil economy tightens with purge

(Bloomberg) After quashing street protests and corralling his political opponents, President Nicolas Maduro has set his sights on Venezuela’s economic engine. The authoritarian socialist’s administration...

Brazil’s Petrobras says O&G output for October topped 2.7 million boed

Petrobras said on Thursday that its total oil and natural gas output in October was 2.77 million barrels of oil equivalent per day (boed),...

Brazil enacts new bidding rules for production sharing regime

Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration...