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Amazon community files lawsuit against Chinese firm over gas flaring

Puerto Francisco De Orellana - Indigenous Waorani from Ecuador's Amazon filed a lawsuit Thursday against state-owned Chinese oil company PetroOriental, accusing it of contaminating their ancestral lands by burning off natural gas from oil wells in a process known as flaring.

Ecuadoran indigenous activist recognized by Time for fighting for her jungle

Quito - Nemonte Nenquimo is desperate for her five-year-old daughter to inherit pristine ancestral lands in Ecuador's Amazonian jungle region.It's this tenacity that earned her a spot on Time magazine's list of 100 most influential people in the world in 2020....

Venezuela's fuel shortages persist despite Iran deliveries

Caracas - Long queues at gas stations around the country underscore Venezuela's continuing fuel shortages, despite Iran stepping in to help its Latin American ally with a major fuel shipment last month.

US says Iran helping Venezuela oil sector

Washington - The United States said Thursday that cash-strapped Venezuela is paying Iran in gold to rebuild its troubled oil industry as it denounced what it saw as growing cooperation between its two adversaries.

Brazil hopes to raise $26.5 billion in mega oil field auction

Rio De Janeiro - Brazil will auction drilling rights to deep-sea oil fields off its southeast coast Wednesday in a blockbuster sale it hopes will raise a whopping $26.5 billion and boost its crude sector.

Brazil races to clean up oil-stained beaches before peak tourism season

Recife - Months after thick oil began turning idyllic beaches in Brazil into "black carpets," workers and volunteers wearing rubber gloves race against time to scrape off the remaining fragments ahead of the country's peak tourism season.

Picture of oil-stained Brazilian boy goes viral

Cabo De Santo Agostinho - A boy walks ashore in Brazil in filthy waist-high water with a look of exasperation and his body smeared in oil, a photographer takes a shot, and the image goes viral.

Tempers flare as oil-rich Venezuela starts to ration gas at the pumps

Barquisimeto - Maria Lopez complains about gasoline rationing that Venezuela -- home to the world's largest oil reserves -- has started introducing in some areas to tackle extreme fuel shortages."It's a joke," Lopez said.

US oil embargo will see Venezuela turn to China, Russia for salvation

Caracas - The US oil embargo on Venezuela that comes into effect on Sunday will deepen the South American country's economic crisis without necessarily forcing President Nicolas Maduro from power and force Caracas to turn to China and Russia for salvation.

Shadow of sanctions looms largest over Venezuela's sick

Caracas - In sanctions-scourged Venezuela, the sick suffer the most.Five-year-old Zabdiel needs a bone marrow transplant.

Mexico government says fuel theft down 72 percent

Mexico - Mexico said on Thursday that theft of state fuel has been reduced by 72 percent since it launched a strategy to combat the crime at the end of last year."We've achieved a substantial reduction in oil theft.

Mexico unveils $5.5-bn rescue plan for ailing Pemex

Mexico - The Mexican government said Friday it would bail out ailing state oil company Pemex with $5.5 billion in additional funds this year -- though that falls short of what analysts say the firm needs.

Mexico cancels oil auctions under new president

Mexico - Mexico's energy regulator said Tuesday it was canceling its remaining oil block auctions for private firms, the centerpiece of the country's landmark energy reform, now under attack by new President Andres Manuel Lopez Obrador.

Petrobras recovers $274 million from corruption scandal

Rio De Janeiro - Brazil's state-owned oil major Petrobras said Thursday that it has recovered 1.034 billion reais ($274 million) in funds embezzled during a giant corruption scandal that badly damaged the company and upended Brazilian politics.

How far can Venezuela go in raising price of world's cheapest gas?

Caracas - In Venezuela's inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline -- an absurdity that the government says it will tackle with a hike in the cost of state-subsidized fuel.

OPEC data show Venezuela oil output in free fall

Caracas - Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday.

Petrobras: Brazilian economy's flawed crown jewel

Bras - You can't get away from Petrobras in Brazil. Whether negotiating multi-billion dollar deals with foreign oil majors or sponsoring local sports events, the state-controlled giant is everywhere.

Petrobras cuts fuel price after huge Brazil truck strike

Rio De Janeiro - Brazil's state-controlled oil company Petrobras yielded Wednesday to pressure and temporarily reduced fuel prices after striking truckers threatened to paralyze airports and nationwide commerce.

Brazil truckers strike for second day over fuel prices

S - Brazilian truckers on Tuesday staged a second day of strikes and road blockages to protest rising fuel costs.Major roads in nearly all the 27 states saw some level of blockades, the Federal Highway Police said in a statement.

What impact would a US oil embargo have on Venezuela?

Caracas - Venezuela would suffer a devastating economic blow if the United States saw through threats to impose an embargo on its oil exports, but such a move would not guarantee any change of leadership in Caracas, analysts say.

Venezuela sets initial digital currency value at $60

Caracas - Venezuela on Wednesday set the initial value of a digital currency it created to overcome a liquidity crisis at $60, but its price will fluctuate based on the oil market, authorities said.

Mexico auctions 19 deep-water oil blocks

Mexico - Mexico on Wednesday auctioned off 19 deep-water oil blocks located in the Gulf of Mexico, the largest such auction since the government opened the country's hydrocarbons sector to private industry.

Venezuela opens new probe into former oil company chief

Caracas - Venezuelan authorities said Friday they were opening a new investigation into Rafael Ramirez, the former head of state oil company PDVSA, who is already accused of graft.

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