(Chevron, 31.Jul.2020) — Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corporation. This is the latest in a string...
(Chevron, 31.Jul.2020) — Chevron Corporation reported a loss of $8.3 billion ($(4.44) per share - diluted) for second quarter 2020, compared with earnings of $4.3 billion ($2.27 per share -...
(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said...
(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on...
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for...
(Argus, 3.Jun.2020) — Suriname is edging closer to a change of government that could pave the way for expanded offshore oil exploration. The South American country is hoping to emulate...
(Energy Analytics Institute, 19.May.2020) — Korean Ambassador Jang Myung-soo visited the Loma Campana field, where production comes from the Vaca Muerta formation, together with personnel from state controlled YPF, as...
(Upstream, 1.May.2020) — Argentine oil company YPF has appointed industry veteran Sergio Affronti as chief executive, replacing Daniel Gonzalez, amid headwinds from the coronavirus pandemic and the collapse in oil...
(Oilprice.com, 23.Apr.2020) — On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down operations in the country. The...
(Reuters, 22.Apr.2020) — Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration cracks down on money going...
(Bloomberg, 21.Apr.2020) — Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regime’s crumbling oil industry another blow as U.S. President Donald Trump...
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling...
(Argus, 16.Apr.2020) — The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their presence in Venezuela, as it...
(Reuters, 9.Apr.2020) — Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to a slump in demand amid...
(Reuters, 8.Apr.2020) — Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only...
(Argus, 2.Apr.2020) — Venezuela's crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot afford to dismiss weaker price...
(Reuters, 31.Mar.2020) — Chevron Corp’s joint ventures with Venezuelan state oil company Petroleos de Venezuela have cancelled service contracts and procurement processes in recent weeks, three people with knowledge of...
(Reuters, 30.Mar.2020) — Venezuela’s crude production ended last week at around 670,000 barrels per day (bpd), according to documents seen by Reuters and two people with access to output data,...
(WSJ, 22.Mar.2020) — The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American officials say is a new...
(Argus, 10.Mar.2020) — Venezuela's US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to focus on slowing the spread...
(FT, 7.Mar.2020) — There have been enough false dawns in Venezuela to deter any confident predictions but a series of developments — all energy related — suggest that 2020 could...
(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) — The Petroboscán joint venture, which partners Venezuelan Petroleum Corporation (CVP) and Chevron Corp., is advancing with a management and optimization project related to...
(Bloomberg, 21.Feb.2020) — President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options in the country, including a...
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated threats facing non-U.S. firms and...
(S&P Global Platts, 18.Feb.2020) — The Trump administration's decision to sanction Rosneft's trading arm Tuesday may be a sign that Chevron's waiver allowing it to continue its work in Venezuela...
(Office of the PM of Trinidad and Tobago, 7.Feb.2020) — Trinidad and Tobago’s Prime Minister the Honourable Keith Rowley provided details related to the agreement for the development of the...
(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela is how our interests are...
(S&P Global Platts, 13.Jan.2020) — Argentinian President Alberto Fernandez said he plans to encourage the development of conventional oil and natural gas reserves, not just the shale resources in the...
(Reuters, 13.Jan.2020) — Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp,...
(Reuters, 8.Jan.2020) — Venezuela’s ruling Socialist Party hopes legislators it recently declared to be in charge of congress will approve changes to ownership of some crucial state oil assets, five...
(Argus, 7.Jan.2020) — The White House appears likely to extend a waiver for Chevron to operate in Venezuela after US-backed opposition leader Juan Guaido overcame a government-backed rival to retain...
(S&P Global Platts, 6.Jan.2020) — The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US oil services companies to expire...
(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% of its 1.3 million b/d...
(Demerara Waves, Denis Chabrol, 16.Dec.2019) — The Ministry of the Presidency’s Department of Energy denied breaching the procurement process for sale of Guyana’s first three million barrels of oil aimed...
(Reuters, 10.Dec.2019) — Venezuela’s crude output in November jumped more than 20% from the prior month to the highest level since the United States tightened sanctions on state oil company...
(Chron.com, Sergio Chapa, 25.Nov.2019) — American oil companies operating south of the border are stepping up their cybersecurity measures after reports of a ransomware attack that allegedly knocked out computers...
(Ecopetrol, 7.Nov.2019) — Ecopetrol reports that its US subsidiary, Ecopetrol America LLC, has participated in the drilling of the Esox-1 well under a Farmout Agreement with Chevron U.S.A. Inc. The...
(Reuters, Jennifer Hiller, 21.Oct.2019) — The former chief of Chevron Corp’s Latin American operations is moving to raise $500 million from big financial firms to invest in Venezuela once U.S....
(Chevron, 10.Oct.2019) — Chevron Brasil welcomes the results of Brazil’s 16th Bid Round. We are pleased to be part of the following five successful consortia, including two as the operator: ...
(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments...
(Reuters, Marianna Parraga, 9.Oct.2019) — Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA...
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the...
(Reuters, 4.Sep.2019) — The two largest U.S. oil and gas companies on Tuesday left the door open for more acquisitions in the country's top shale field. Exxon Mobil Corp expects...
(Reuters, Marianna Parraga, Mircely Guanipa, 3.Sep.2019) — Venezuela’s oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt...
(Reuters, Timothy Gardner, 26.Jul.2019) — The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State...
(Reuters, 26.Jul.2019) — The administration of United States President Donald Trump said on Friday that it has renewed Chevron Corp's licence to drill for oil and gas in Venezuela despite...
(Bloomberg, Kevin Crowley, Lucia Kassai and Kevin Cirilli, 25.Jul.2019) — Pressure is mounting on U.S. President Donald Trump to end Chevron Corp.’s 100-year presence in Venezuela as he seeks to exert...
(Argus, 25.Jul.2019) — A US government decision over Chevron's expiring license to work in Venezuela is the first test of its willingness to ease sanctions that have so far failed...
(Reuters, Luc Cohen) — Venezuelan opposition leader Juan Guaido said on Tuesday he would seek to protect Chevron Corp’s assets in the country if the United States does not renew...
(Ecopetrol, 18.Jul.2019) — Ecopetrol S.A. said the Ministry of Mines and Energy of Brazil has authorized the transfer of a 10% stake in the Saturno block, located in the Santos...
(Petroleum Economist, 18.Jul.2019) — Latin America's economically troubled oil giant faces the difficult task of significantly raising Asian crude grades. Venezuela's upgraders have been forced to stop upgrading extra-heavy crude...
(Bloomberg, Fabiola Zerpa, Peter Millard and Kevin Crowley, 2.Jul.2019) — Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President...
(Reuters, Marianna Parraga and Luc Cohen, 28.Jun.2019) — Venezuelan state oil firm PDVSA is revamping one of its major processing operations geared to supplying U.S. buyers to produce instead a...
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country's side of a shallow-water natural gas field that straddles the maritime border with Venezuela, prime minister Keith...
(Seeking Alpha, Vasily Zyryanov, 24.May.2019) — Canacol Energy, Toronto-listed and Colombia-focused natural gas producer, has recently presented its Q1 results and impressed investors with robust revenue and a 42% funds...
(Equinor, 13.May.2019) — Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of...
(WoodMac, 9.May.2019) — Chevron Corporation today announced that it would not offer a counter proposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum. Earlier this week, Anadarko said it...
(WoodMac, 6.May.2019) — In another bold move in its takeover battle with Chevron for Anadarko Petroleum, on 5 May said Occidental Petroleum entered into a binding agreement to sell Anadarko’s...
(Energy Analytics Institute, Aaron Simonsky, 3.May.2019) — Colombia's state oil company Ecopetrol reportedly has updated on its farm-in in the Saturno block in Brazil. Partners in the block include: Ecopetrol...
(Petrobras, 1.May.2019) — Petrobras, following up on the release disclosed on 01/30/2019, informs that it has completed, through its subsidiary Petrobras America Inc. (PAI), the sale to Chevron USA Inc....
(Oilprice.com, Tsvetana Paraskova, 25.Apr.2019) — Massive blackouts in Venezuela in March and April have drastically reduced oil production at Chevron’s biggest oil joint venture in the country, Bloomberg reported on...
(WoodMac, 24.Apr.2019) — Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron's US$33 billion offer earlier this month. Occidental proposes paying US$76...
(Reuters, 24.Apr.2019) — Royal Dutch Shell’s U.S. unit said on Wednesday that it had made one of its biggest oil discoveries in the Blacktip deepwater well in the U.S. Gulf...
(Oilprice.com Irina Slav, 22.Apr.2019) — The Vaca Muerta shale play in Argentina has been a hot spot in global oil and gas for the past few years after exploration suggested...
(Stabroek News, 14.Apr.2019) — Guyana could see oil exploration activity in the ultra-deepwater region picking up pace in the near future with United States oil giant Chevron set to buy...
(WoodMac, 12.Apr.2019) — Commenting on Chevron’s US$50 billion cash-and-stock acquisition of Anadarko, Roy Martin, senior analyst, corporate analysis, said: “This is the biggest upstream deal since Shell and BG in...
(Energy Analytics Institute, Piero Stewart, 1.Apr.2019) — Heard on the street and LatAmNRG briefs related to US-based Chevron’s dealings to acquire the Yumbo and Buenaventura terminals and Terpel's plans to...
(IEEFA, 21.Mar.2019) — The Vaca Muerta oil and gas project, which promises to double oil and gas production over the next six years in Argentina, is facing such strong headwinds...
(Argus, 14.Mar.2019) — Venezuela’s political opposition is proposing a comprehensive oil reform that would allow foreign investors to own up to 100pc of oil assets from the wellhead to the...
(UPI, 6.Mar.2019) — Ecuador will clean areas of its Amazon region that were polluted decades ago by Texaco in a move criticized by activists who fear too little will be...
(Reuters, 6.Mar.2019) — Norway’s BW Offshore has won approval from Brazil’s antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official...
(Mongabay, Kimberley Brown, 5.Mar.2019) — An indigenous community in Ecuador has filed a lawsuit against the government for failing to consult with it before putting its territory up for sale...
(Oilprice.com, Irina Slav, 27.Feb.2019) — Russian companies in Venezuela are not experiencing any problems resulting from the escalation in the political situation in the country and have not incurred any...
(President Energy, 25.Feb.2019) — President Energy plc will today launch an offer for subscription for up to £6.5 million by the issue of up to 81,250,000 new ordinary shares at...
(CNN, Matt Egan, 19.Feb.2019) — US sanctions on Venezuela’s national oil company have accelerated the unprecedented collapse of its oil output and set off a domino effect in the global...
