Powering South America: Bolivia Signs Gas Deal with Foreign Energy Companies
The Bolivian government signed natural gas development contracts with Spain’s Repsol, Brazil’s Petrobras, Royal Dutch Shell and Pan American …
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Market Update: Venezuela Abandons US Dollar in Oil Trade
Venezuela is no longer receiving or sending payments in US dollars in response to the sanctions imposed by the …
Brazil to Boost Fertilizer Production by $9.53 Million
The world’s largest meatpacker, JBS SA, is going to invest 30 million reals ($9.53 million) to manufacture fertilizers in …
Mexico Has ‘World Class’ Oil Discovery Of More Than 1 Bn Barrels
The energy companies Premier Oil, Talos Energy and Sierra Oil & Gas announced a potentially huge new oil discovery …
The Soviet Legacy: Russia to Secure Cuba’s Energy Needs, Raising US Concerns
Russia has started exporting oil to Cuba for the first time this century to make up for the declining …
Venezuela’s PDVSA Late on Oil Shipments to Russia and China
Venezuela’s state-run oil company, PDVSA, has for months been unable to deliver the shipments of crude and fuel in …
Venezuela’s PDVSA Projects a Bad Year Ahead
Venezuelan state-run oil company PDVSA expects that 2017 will remain to be a challenging year with more economic hardship …
Brazil’s Vale Sells Its Fertilizer Business to Mosaic
Vale SA, a Brazilian multinational corporation engaged in metals and mining, one of the largest logistics operators in the …
Venezuela’s State-Run Oil Giant Accused of Embezzling $11 Billion
Petroleos de Venezuela (PDVSA), the Venezuelan state-owned oil and natural gas company, has been accused by the country’s congressional …
Brazilian President Says No Increase in Fuel Tax Planned
Brazilian President Michel Temer said on Saturday (15 October) that his cabinet does not intend to increase fuel taxes, …