(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of its oil industry to big...
(ExxonMobil, 27.Jan.2020) — ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing...
(Hess, 27.Jan.2020) — Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated...
(S&P Global Platts, 27.Jan.2020) — Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan...
(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in...
(S&P Global Platts, 27.Jan.2020) — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana Refining Center (CRP), the largest...
(Reuters, 27.Jan.2020) — Investment in Colombia’s oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although production will be effectively flat,...
(Argus, 27.Jan.2020) — Investment in exploration and production in Colombia will grow by an estimated 23pc to $4.97bn in 2020, but crude production will remain flat at around 890,000 b/d...