#oilprice.com. × Shell Quits Brazil Wind and Solar Projects | OilPrice.com. Shell has decided to scrap its planned wind and solar power generation projects in Brazil, citing an unfavorable investment environment and a strategic pivot back to oil and gas.
#Mar.28.2025
#oilprice.com. × Oil Prices Set to Extend Winning Streak on U.S. Sanction Action | OilPrice.com. Crude oil prices are on a third consecutive weekly rise as President Trump's tariffs on Venezuelan oil and increased sanctions on Iranian entities heighten concerns about global supply.
#Mar.28.2025
#oilprice.com. × Glencore Cuts Coal as Market Glut Smothers Prices | OilPrice.com. The world’s biggest exporter of thermal coal has finally said “enough is enough” and announced it’s cutting output at its Colombian Cerrejon mine by up to 10 million tons this year
#Mar.25.2025
#oilprice.com. × China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil | OilPrice.com. China's trade with Venezuela, its largest oil supplier, has stalled after U.S. President Trump threatened 25% tariffs on goods from any country importing Venezuelan oil.
#Mar.25.2025
#oilprice.com. × Venezuela Rations Energy With Shorter Work Days | OilPrice.com. The Venezuelan government has reduced the work week for public servants in the country in a bid to reduce energy consumption.
#Mar.25.2025
#oilprice.com. × Trump: 25% Tariff On Anyone Who Buys Venezuelan Oil & Gas | OilPrice.com. U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States
#Mar.24.2025
#oilprice.com. × Trump May Extend Chevron’s Venezuela License | OilPrice.com. President Trump is considering extending Chevron's sanction waiver for Venezuela, which he previously allowed to lapse, amidst concerns about China's growing influence in the country's oil industry and
#Mar.20.2025
#oilprice.com. × Ecuador’s NOC Declares Force Majeure After Pipeline Leak | OilPrice.com. Ecuador's state-run oil company, Petroecuador, has declared force majeure at the operations of its SOTE pipeline after a landslide ruptured the pipeline
#Mar.19.2025
#oilprice.com. × State Oil Firm PDVSA to Take Over Chevron Operations in Venezuela | OilPrice.com. PDVSA will continue producing crude oil alone from its joint ventures with Chevron after the Trump Administration revoked the U.S. supermajor's license to operate in Venezuela.
#Mar.18.2025
#oilprice.com. × Chevron Buys 5% in Hess, Signals Merger Going as Planned | OilPrice.com. Chevron has purchased a 4.99% stake in Hess Corp for $3.2 billion, expressing confidence that its planned acquisition will proceed despite ExxonMobil's efforts to block the deal through arbitration ove
#Mar.18.2025
#oilprice.com. × Petronas in Talks to Exit Argentina’s Vaca Muerta Shale | OilPrice.com. Petronas has initiated a process to sell its stake in the La Amarga Chica joint venture, potentially exiting Argentina's Vaca Muerta shale region, joining a trend of major oil companies leaving the are
#Mar.14.2025
#oilprice.com. × India Hiked African and South American Crude Imports in February | OilPrice.com. India increased its imports of non-Russian crude oil from Africa and South America in February due to concerns and uncertainties surrounding Russian oil following U.S. sanctions.
#Mar.13.2025
#oilprice.com. × Guyana Pulls the Plug on Frontera-CGX JV – Exxon Stays Winning | OilPrice.com. Guyana’s government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block
#Mar.13.2025
#oilprice.com. × Bolivia To Pay for Energy Imports with Crypto As Dollar Shortage Bites | OilPrice.com. Bolivia's state energy company YBFB will use cryptocurrency to pay for energy imports amid dollar shortages
#Mar.12.2025
#oilprice.com. × Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project | OilPrice.com. ExxonMobil's Longtail project offshore Guyana will be the largest natural gas development in the Stabroek Block, targeting 1.5 billion cubic feet per day of natural gas and 290,000 barrels per day of c
#Mar.11.2025
#oilprice.com. × Brazil Plans to Use $3.5-Billion Oil Fund to Bolster Economy | OilPrice.com. President Lula da Silva is seeking to utilize Brazil's $3.5 billion social fund, generated from oil and gas revenues, to stimulate the economy amidst record-low approval ratings.
#Mar.07.2025
#oilprice.com. × Trump Pulls the Plug on Chevron’s Venezuela Play | OilPrice.com. The U.S. Treasury just gave Chevron Corp. a short 30-day eviction notice from Venezuela, cutting off its ability to pump and sell crude from the sanctioned country
#Mar.04.2025
#oilprice.com. × Petrobras Gears Up for Offshore Boom | OilPrice.com. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030
#Feb.28.2025
#oilprice.com. × Equinor Discusses Sale of Argentinian Shale Assets | OilPrice.com. Equinor is in early talks with Argentina's state-owned YPF to potentially sell its stakes in Argentinian shale operations in the Vaca Muerta formation.
#Feb.28.2025
#oilprice.com. × Trump Cancels Chevron Venezuela License | OilPrice.com. Trump has revoked Chevron’s sanction waiver, halting its Venezuelan oil exports.
#Feb.27.2025
#oilprice.com. × Power Outage Hits Chile Copper Mines | OilPrice.com. A major power outage in Chile has disrupted copper production at some of the world's largest mines, prompting a state of emergency.
#Feb.26.2025
#oilprice.com. × Competition for Unsanctioned Tankers Set to Cut Iran’s Oil Exports | OilPrice.com. Increased US sanctions on oil tankers are limiting Iran's ability to ship crude, forcing it to compete with Russia and Venezuela for a shrinking pool of unsanctioned vessels.
#Feb.25.2025
#oilprice.com. × Drilling Suspensions Could Limit Brazil’s Oil Output Growth | OilPrice.com. Brazil's oil regulators have temporarily halted several drillship operations, potentially impacting the country's expected oil production growth.
#Feb.25.2025
#oilprice.com. × Trinidad and Tobago Seeks Extension for Venezuela Gas Project | OilPrice.com. Trinidad and Tobago is seeking an extension from the U.S. for a license to continue developing the Dragon natural gas field offshore Venezuela in partnership with Shell.
#Feb.25.2025
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