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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Crude oil prices rose on Tuesday amid supply shortages, as Iran vowed to sell as much oil as it could.
West Texas Crude oil futures rose 0.84% to $74.47 a barrel as…
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Oil prices gained more than 1% on Tuesday with West Texas Intermediate crude passing the $75 mark for the first time since 2014 as supply outages and expectations for…
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An international tribunal has ordered Brazilian NOC Petrobras to pay USD 622 million to the USA’s Vantage Drilling due to a breach of contract, international media…
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Trinidad and Tobago is hoping to have a gas agreement squared away with Venezuela by July 16, Minister in the Office of the Prime Minister Stuart Young told local media…
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Leo Koot, executive chairman of Columbus Energy Resources, talks to TOGY about plans for the Goudron field and South West Peninsula assets, recent changes the company…
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Oil output from Iran and Venezuela could fall by as much as 30%, the International Energy Agency said in its latest forecast on Wednesday.
Crude output from the the…
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Crude oil production by OPEC countries rose in May, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.
Total production…
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Oil prices fell from earlier gains on Friday amid increasing U.S. output and signs of weakening demand in China.
Crude oil futures decreased 0.47% to $65.64 a barrel…
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David Small, an independent senator in Trinidad and Tobago, talks to TOGY about the government’s role in the oil and gas industry, upstream and downstream challenges,…
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Ashley Taylor, president of the Point Lisas Industrial Port Development Corporation (PLIPDECO), talks to TOGY about the domestic port logistics sector, the company’s…
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