Argentina has called for a pause in discovery in the YPF case as it awaits the outcome of a crucial ongoing appeal, the Buenos Aires Herald reports. This strategic move aims to hit the brakes on proceedings amid growing legal uncertainties
Browsing: oil industry
Trafigura has proudly completed its inaugural crude oil shipment via Argentina’s cutting-edge Derivación pipeline, a landmark achievement that boosts the nation’s energy infrastructure and dramatically expands its export potential, Pipeline and Gas Journal reports
US control over Venezuela’s oil assets is sparking a potential debt showdown with China, Reuters reveals. This twist deepens the financial turmoil in Caracas as the country grapples with mounting economic pressures
Venezuela’s interim president is preparing for a crucial visit to the US, set to supercharge their fast-growing oil partnership despite ongoing political tensions. This trip highlights the deepening energy collaboration between the two nations
Russia has decisively dismissed former President Trump’s claims about Venezuelan oil, reaffirming its unwavering support for Caracas. This confrontation highlights the fierce geopolitical struggle over the country’s prized energy resources
China’s top oil giants are now looking to Beijing for guidance on navigating their operations in Venezuela. With escalating U.S. sanctions and political unrest shaking the region, this move highlights Beijing’s growing influence in the global energy stage
China faces a significant strategic setback as Venezuela ousts Nicolás Maduro, cutting ties with a crucial regional ally and vital oil supplier. This move throws Beijing’s influence and energy security in Latin America into deep uncertainty
The recent capture of Nicolás Maduro has sparked a heated debate about U.S. intentions, with critics claiming Washington is strategically positioning itself to dominate the global oil market amid rising geopolitical tensions and surging energy demand
A Brazil labor court has ordered that 80% of Petrobras’ workforce remain on duty, ensuring operations continue seamlessly amid ongoing disputes. This bold decision underscores the court’s dedication to maintaining stability in the vital energy sector
Oil prices soared as strong US economic growth sparked optimism for increased demand, while ongoing supply worries driven by geopolitical tensions and production cuts kept the markets on edge, Reuters reports
Brazil’s union is on the verge of accepting Petrobras’ labor offer, signaling an end to the prolonged strike. This landmark agreement is set to resolve ongoing disputes and reignite oil production, delivering a vital boost to the energy sector’s strained supply chain
Brazil, Guyana, and Argentina are set to ignite a major surge in global crude oil production by 2026, the U.S. Energy Information Administration (EIA) reveals, highlighting these South American giants as trailblazers shaping the future of the energy world
Global oil giants are joining forces to challenge the proposed Subsea7-Saipem merger in Brazil, sounding a loud alarm over potential antitrust issues. This formidable alliance warns that the deal could drastically reduce competition in the subsea services market
Alaska’s oil production is set to soar by 13% next year, the Energy Information Administration reveals. This exciting boost comes from intensified drilling activities and increased output from key fields, signaling a powerful resurgence for the state’s energy industry
The US sanctions targeting Russia’s oil giants are set to tighten Moscow’s financial grip, ramping up pressure on the rouble and squeezing the Russian economy by slashing crucial revenue from its energy exports, Reuters reports
Canada’s oil sands are roaring back to life as U.S. shale production hits a plateau. Surging demand and soaring prices are fueling fresh investments, marking a powerful shift in the landscape of North American energy
Russia’s Lukoil is actively seeking buyers for its foreign assets, Reuters sources reveal. This bold strategy comes amid escalating geopolitical tensions and a swiftly evolving market landscape
Brazil is gearing up to turn its oil profits into a dynamic force driving its energy revolution, President Lula announced. This ambitious plan aims to fast-track the expansion of renewable energy and sharply reduce reliance on fossil fuels, signaling a historic turning point in the country’s energy landscape
Russia’s oil industry stands on the edge of a dramatic shake-up as a fierce clash erupts between leading traders, Bloomberg reveals. This high-stakes rivalry threatens to disrupt supply chains and could deepen the already formidable challenges brought on by global sanctions
Petrobras and Equinor stole the spotlight in Brazil’s latest pre-salt auction, securing major offshore oil blocks that promise to reshape the energy landscape. This thrilling development underscores a booming wave of interest and investment in the country’s vast deepwater reserves, Reuters reports