Repsol has signed an oil and gas production agreement with PDVSA that could add 20,000 bopd to production.
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Shell has inked five oil and gas agreements in Venezuela, including a licence for the first phase of the Loran offshore gas…
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Hunt Oil and Crossover Energy have signed agreements to develop oil and gas projects in Venezuela’s Orinoco Belt.
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Eni has secured an agreement with Venezuela to relaunch production at the Junín-5 heavy oilfield in the Orinoco Belt.
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Repsol has signed with PDVSA to increase oil production at Petroquiriquire by up to 50% in 12 months, and potentially triple output in three years.
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Chevron has executed an asset swap with PDVSA to expand its heavy oil position in Venezuela.
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The USA has authorised BP, Chevron, Shell, Eni and Repsol to resume oil and gas activities in #Venezuela under new US-issued licences.
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Omani Minister of Oil and Gas Mohammed bin Hamad bin Saif Al Rumhy said on Wednesday that his country stands with Iran in the latter’s objection to last week’s…
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Saudi Arabia will not follow deal brought forward by other major oil producers to freeze rising output, the country’s oil minister, Ali Al Naimi, said at a conference…
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Venezuelan President Nicolás Maduro announced the country’s first increase of fuel prices in 20 years on Wednesday.
The price of premium petrol will rise from 0.1…
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Iran has taken a tough stance against a production freeze proposed by other members of OPEC, Iranian OPEC envoy Mehdi Asali was quoted as saying in the Tehran-based…
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Saudi Arabia and Russia agreed to freeze production in a meeting in Qatar today.
The agreement would mean keeping production at January levels, which would allow…
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India’s state-run Oil and Natural Gas Corporation is considering a USD 500-million investment to restore a Venezuelan asset, Bloomberg reported Tuesday.
“We are…
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OPEC member states Algeria, Ecuador, Iran, Iraq, Nigeria and Venezuela would consider attending an extraordinary OPEC meeting if it is called, Venezuelan Minister of…
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The price of Brent crude fell to USD 27.67 per barrel, the lowest trading price in more than a decade, before recovering at 28.86 on Sunday.
The most recent crude…
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As production continues to increase in Mexico and Venezuela, Colombia is trying to maintain its allure for foreign investors. Luis Giusti, senior advisor for energy and…
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The Colombian government signed an agreement on Friday with US operator ConocoPhillips and Canadian company Canacol’s regional affiliate CME for unconventional shale…
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