Rosneft welcomes the work of Chevron, Halliburton, Schlumberger, Baker Hughes, and Weatherford companies due to another renewal of their licences by the American regulator.

An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.

Colombia has awarded contracts for wind and solar projects worth about $2.2 billion, the government said on Tuesday, as part of its efforts to boost renewable energy generation in the Andean country.

Petrobras, which has been was completing the installation of seven new floating production units, produced 2.794 million b/d of oil equivalent in the third quarter from domestic fields. Oil and gas output was up 9.5% from the second quarter.

During a meeting in Moscow last month, Russian President Vladimir Putin and Venezuelan President Nicolas Maduro, who has already threatened to nationalize Chevron's assets, discussed the possibility of Rosneft taking over Chevron's Venezuelan operations, sources said.

Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia.

Though trade between Venezuela and Cuba has not ceased amid sanctions, the flow of PDVSA’s oil has been insufficient to keep the Communist-ruled island well-supplied. Cubans have faced long lines at gas stations and for public transportation amid lack of vessels to receive imports.

Brazil has announced the rules for an auction of oil drilling rights worth $26bn, setting the stage for Latin America’s top crude producer to become an even bigger player in the global market.

Feedgas flows to US LNG export terminals reached a new record of 6.5 Bcf/d on Friday, subject to revisions, amid robust demand in Latin America and positive netback spreads that are expected to strengthen into October,

Moody's Investors Service (Moody's) affirmed the Ba2 corporate family rating of Petroleo Brasileiro S.A. - PETROBRAS (Petrobras). Simultaneously, Moody's raised the company's baseline credit assessment (BCA) to ba2 from ba3. The actions were triggered by the company's continued success in improving its credit metrics and liquidity position. The rating outlook is stable.

Rosneft, which produces around five percent of the world’s oil, is now taking care of shipping and marketing operations for the bulk of Venezuelan oil exports, ensuring that PDVSA can continue to supply buyers.

The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela's PDVSA in exchange for debt repayments and stakes in joint venture projects in the South American nation,

Accounting net income excluding non-recurring factors was US$ 1.3 billion and operating cash flow reached US$ 5.2 billion. Advances in pre-salt exploration, with lower lifting cost (US$ 6/boe) and better quality of oil, allowed adjusted EBITDA per barrel of oil equivalent (boe) in the exploration & production (E&P) business to reach US$ 33.50 in 2Q19 against US$ 29.50 last year, despite the drop in average Brent oil prices from US$ 71.0 to US$ 68.8.

The World Bank Group mobilized over $14.4 billion in lending and guarantees to support sustainable development and poverty reduction in Latin American and the Caribbean during the 2019 fiscal year ending June 30.