Over 4.6 trillion cubic feet of natural gas flaring globally in 2019
Venezuela: a petrostate in peril
As humanitarian turmoil and political tensions continue to rise in Venezuela, the country’s economic lifeline,...
Venezuela’s failing oil sector will require more than fresh elections to recover
Newly imposed US sanctions on Venezuela will definitely weaken the finances of the current regime.
Oil prices remain steady as EIA data shows low rise in fuel
Oil prices have remained steady as data from the Energy Information Administration (EIA) reported that...
US imposes sanctions on Venezuelan oil firm PDVSA
The US has imposed new sanctions on Venezuelan oil firm Petroleos de Venezuela (PDVSA) in...
Oil prices rise as US enacts sanctions on Venezuela
Oil prices have increased after US imposed sanctions on Venezuelan oil firm Petroleos de Venezuela...
Venezuela rejects BP’s bid to buy Total’s stake in offshore project
The Venezuelan oil ministry has rejected a proposal from British oil company BP to acquire...
Dragon field deal will help avoid supply gaps in Trinidad & Tobago
In August 2018, an agreement to import natural gas from the offshore Dragon field was...
Rosneft secures offshore licences in Venezuela
Rosneft’s subsidiary Groupo Rosneft has secured production licences to develop the Patao and Mejillones offshore...