Western Canadian producers that have grappled with pipeline takeaway capacity constraints in the past three years now have sufficient pipeline capacity to meet takeaway needs.
April 28, 2020
It is going from bad to worse in the Venezuelan energy space as the combination of the COVID-19 pandemic and harsher US sanctions are squeezing the sector even more.
April 21, 2020
Oilsands producers are facing a critical short-term crisis of WCS prices falling but may be able to expect some long-term relief of on-going takeaway problem as the Keystone XL expansion is said to proceed with Alberta's help.
April 14, 2020
Two Mexican firms have said that they will take 15.0MM bbl of Venezuelan crude as part of an oil-for-food contract.
April 07, 2020
As the Russian-Saudi price war and demand destruction caused by the COVID-19 pandemic continue to drive down prices globally, North American crude prices are being particularly hard hit.
March 31, 2020
The Venezuelan state energy firm is offering significant discounts on its crude as it tries to combat falling prices due to the Russia-Saudi price war and tightening US sanctions.
March 25, 2020
the Venezuelan state energy firm is set to restart two of its heavy crude upgraders (Petrocedeno and Petromonagas) as blending facilities to produce Merey 16 heavy crude over the coming months.
March 17, 2020
Colombian state energy firm Ecopetrol said it plans to invest $13-17B in 2020-2022, up from $12-15B over 2019-2021, as it aims to increase production by 10% from 725.0K boe/d last year to 780.0-800.0K boe/d in 2022.
March 10, 2020
CEO Al Monaco of Canadian midstream firm Enbridge said that Canadian crudes will account for 50% of the US Gulf Coast (USGC)'s demand for heavy-sour crude, compared to 30% in 2018.
March 03, 2020
Ecuador's state-owned oil company, which returned to the spot market in 2017, offered its first for four tenders for spot crude cargoes for this year with plans to supply eight cargoes/month by 2024.
February 25, 2020
