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Marianna Parraga

FILE PHOTO: Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/File Photo
BusinessFuelNewsOilTrade

Guyana oil exports jump, gain Europe market share in 2024

Guyana's oil gains favor in Europe as many refiners avoid sanctioned Russian crude and seek alternative supplies.    

FILE PHOTO: Oilfield workers hold a flag with the corporate logo of Venezuela's state oil company PDVSA near Cabrutica at the state of Anzoategui. April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo
BusinessNewsOilTrade

Venezuela’s oil exports hit a 4-year peak on higher output, sales to US, India

Venezuela’s oil exports surged to a four-year high in October, reaching 950,000 bpd, driven by rising output and exports to India.

FILE PHOTO: Mike Wirth, the CEO of Chevron Corporation, listens to a question from Daniel Yergin, the vice chairman of S&P Global, as top energy executives and officials from around the world gather during the CERAWeek 2023 by S&P Global, energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
BusinessFuelNewsOil

Chevron CEO under pressure to halt share slide as Hess deal stalls

After years of outperforming rivals, Chevron and its CEO are now under pressure as the company's Hess purchase stalls.

FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessLiquefied Petroleum GasNewsOilRegulations

Siemens files lawsuit in Texas against Citgo Petroleum parent

Siemens Energy sues Citgo's parent, PDV Holding, for $200M over a Venezuelan promissory note default amid Citgo share auction.

Indian Oil Corp Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo
BusinessEconomyNewsOilRegulationsTrade

Trader Vitol sells Venezuelan oil to Indian refiners, sources say

Indian refiners buy two million barrels of Venezuelan crude for November delivery, resuming imports amid U.S. sanctions relief.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessFinanceNewsOil

Citgo share auction creditors oppose terms of Elliott-affiliate’s bid

Creditors criticize Elliott's $7.3B Citgo bid, claiming it won’t cover Venezuela’s $21.3B debt from expropriations.

TotalEnergies CEO Patrick Pouyanne and Suriname state-owned oil company Staatsolie CEO Annand Jagesar pose for a photo during a press conference after France's TotalEnergies and U.S. APA Corp announced a positive investment decision for Suriname's most promising oil and gas project, Block 58, which is expected to inaugurate the nation's offshore output, in Paramaribo, Suriname October 1, 2024. REUTERS/Ranu Abhelakh
Liquefied Natural GasLiquefied Petroleum GasNatural GasNewsOil

TotalEnergies, APA greenlight $10 billion oil and gas project in Suriname

TotalEnergies and APA approve Suriname's Block 58, launching the country's offshore oil and gas production.

A view of a trailer park on the shore of Lake Palourde is pictured as Tropical Storm Francine intensifies and is on track to become a hurricane before its expected landfall on the U.S. Gulf Coast, in Morgan City, Louisiana, U.S. September 10, 2024.  REUTERS/Marco Bello
BusinessClimateNewsWeather

Operations at key Louisiana energy port suspended as Francine approaches

Port Fourchon work stops as Hurricane Francine arrives, with a quarter of all oil and gas production in the Gulf of Mexico halted.

A sign is seen at the entrance of the convenience store of a gas station as Tropical Storm Francine intensifies and is on track to become a hurricane before its expected landfall on the U.S. Gulf Coast, in Morgan City, Louisiana, U.S. September 10, 2024.  REUTERS/Marco Bello
BusinessClimateEnvironmentLiquefied Natural GasNews

US Gulf Coast residents flee, oil production shut as Francine intensifies

Energy companies began evacuating offshore workers and shut-in output at several production platforms ahead of the storm.

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