Mexican Firm In Oil Swap With Venezuela Declares Bankruptcy

A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy, saying Venezuela’s President Nicolas Maduro had terminated their deal. Reuters reports Libre Abordo declared bankruptcy yesterday, citing a press release that said, “In recent months (we) have faced excessive challenges, from the oil price fall... to pressure from the U.S. government aimed to ...

Source: Oilprice.com

We’ve Been Worried About the Wrong Sickness

  1. President Trump – Enough with the tweets, enough with the tough guy act. Our country needs a leader now more than ever. We don’t need another blue-ribbon commission or task force. The peaceful protesters need to feel that justice will be done. Right now, they need evidence that their vo...


Source: Maley's Energy Blog

OPEC+ Could Hold Its Next Meeting This Week

The next OPEC+ meeting, initially scheduled for June 9-10, could take place earlier than expected according to a Reuters report that cites a letter from the OPEC president of Algeria to the members of the wider producer group. In the letter, Algeria proposes that the meeting be held this week, on Thursday, so that Saudi Arabia, Kuwait, and Iraq can ...

Source: Oilprice.com

Pieridae graduates to the TSX

CALGARY, Alberta – Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the “TSX”) and are expected to commence trading on the TSX at the opening of the market on June 3, 2020. Concurrent with the TSX [Read more]

Source: BOE Report

Bonterra Energy Corp. announces extension of bank line redetermination date

CALGARY – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today confirms it has executed an agreement with its syndicate of lenders to extend the annual borrowing base redetermination date on its credit facility from May 29th to June 30th, 2020. This extension affords both the Company and its lending syndicate additional time to [Read more]

Source: BOE Report