The energy companies Premier Oil, Talos Energy and Sierra Oil & Gas announced a potentially huge new oil discovery off the Mexican coast last week.
Category: South America
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 shippings from the crisis-ridden Venezuela. A
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 a timely manner under oil-for-loan deals
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 likely coming along its way. The
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 country and the largest producer of
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 commission of embezzling about $11 billion
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, which was only a day after
Venezuela Poised to Export Less Oil Next Year
Columbia University said earlier this year that Venezuela, a traditionally major player in oil markets, is poised to export much less oil next year due
Vale Pondering to Sell its Fertilizer Business
Vale SA, the world’s second-most indebted miner, is finalizing a deal to sell its entire fertilizer operations as the company accelerates efforts to decrease debt
BHP Billiton Takes Its Time with Jansen Potash
BHP Billiton’s operational review showed amazing progress being made with expansion of its flagship project – the Escondida copper mine in Chile. The mine, which