While not officially taking over Chevron’s assets, Chinese companies like China Concord Petroleum and Anhui Guangda Mining are signing secretive production-sharing deals to operate oil fields ...

Venezuelan President Nicolás Maduro received five delegates from the Communist Party of China (CPC) at the Miraflores Palace ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

U.S. oil companies are shifting investments south. Exxon and Chevron have piled into the Foz do Amazonas basin—part of the ...

Venezuela has opened the first Kalashnikov ammunition plant in the Americas, reflecting its ongoing defense ties with Russia.

Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, ...

For many resource-rich nations, the ultimate aspiration is to transcend the cyclical trap of the ldquo;resource curse, rdquo; a paradox often attributed to the ldquo;Dutch disease. This phenomenon ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Between October 12, 1492, and the end of the second millennium, Western expansionism had a major influence on the global ...

By bnl editorial staff The Trump administration has provided a final grace period for companies to complete liquefied petroleum gas (LPG) shipments from Venezuela, extending authorisation until ...

Sam Tanenhaus' new biography examines the life and influence of the political commentator, magazine editor and TV debater who ...