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Pemex cuts rig rates and contracts on low oil prices

MEXICO CITY
Petroleumworld.com 09 03 2015

Mexico's state-run oil producer Petroleos Mexicanos is reducing rig contracts and daily lease rates in an effort to slow the company's financial decline amid lower crude prices and production losses.  - story

Detained Odebrecht CEO says no plea deals coming

Reuters/Rodolfo Buhrer

Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, smiles as he gives his testimony in a session of the Parliamentary Committee of Inquiry in Curitiba, Brazil, September 1, 2015

RIO DE JANEIRO
Petroleumworld.com 09 03 2015

Marcelo Odebrecht, the most prominent executive who has been detained in Brazil's largest corruption scandal, said he sees no reason to strike a plea bargain with authorities because he has nothing to reveal. - story





Editorial Commentary

John Lloyd: Why $40 oil is killing Iraq,
Venezuela and others, but not Russi
a

Reuters/A.Druzhinin

Russian President Vladimir Putin meets with journalists after
submerging into the waters of the Black Sea inside a research
bathyscaphe in Sevastopol, Crimea, August 18, 2015.




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OIL PRICES:
Updated: Sept 03, 2015 08:59 GMT

08/02 OPEC Basket: $45.53

08/28 Venezuela Basket:* $36.48

08/28 Venezuela Basket:**$48.56

09/02 Mexico Basket: $40.66

09/02 NYMEX Natural Gas:
$2.65

09/02 ICE BRENT: $50.63 NYMEX WTI: $46.25

09/03 US/BsF 711.50- BsF/€ 799.50/ Parallel Transf***

09/03 FX 1 Euro=$1.1239 US dollars 08:58 GMT

Closing daily prices / average weekly price*
Average price for 2015**/ Average Cucuta's price ***



 


WEEKS' HEADLINES

Indigenous protesters in Peru seize wells in oil block 192

Reuters

Chiefs of Indigenous communities near Peru's biggest oil field, lot 192, are pressing for better benefits and environmental monitoring as the government negotiates a new contract with Canadian energy company Pacific Stratus Energy.

LIMA
Petroleumworld.com 09 02 2015
- story

Odebrecht convicted for slavery-like practices in Angola project


Brazil convicts Odebrecht group for slavery-like practices in Angola refinery project

LIMA
Petroleumworld.com 09 02 2015
- story

OPEC ready to talk to other producers

 

NEW YORK
Petroleumworld.com 09 01 2015
- see video - story

Brazil and Mexico vie for cash from Big Oil in price rout

 

RIO DE JANEIRO/MEXICO
Petroleumworld.com 09 01 2015
- story

Oil at $40, what it means for the U.S. economy

 

NEW YORK
Petroleumworld.com 08 31 2015
- story

Petrobras reaches refinancing deal for Sete Brasil's debt

BRASILIA
Petroleumworld.com 08 31 2015
- story

Oil erases week of losses, rising more than 8 pct

NEW YORK
Petroleumworld.com 08 28 2015
- story

Venezuela wants OPEC to meet with Russia - WSJ

BANGALORE, India
Petroleumworld.com 08 28 2015
- story

Ecuador: Pumping oil at a loss - Correa


Ecuador is losing about $9 for every barrel of oil it pumps, Pres. Correa said.

LONDON/QUITO
Petroleumworld.com 08 27 2015
- story

Colombia's Cano Limon-Covenas pipeline online after 67-day closure

BOGOTA
Petroleumworld.com 08 27 2015
- story

Mexico's sweetens oil auction terms again to assure success

MEXICO CITY
Petroleumworld.com 08 26 2015
- story

Oil at $77? It is in Argentina


President Cristina Fernandez de Kirchner at YPF instalations

BUENOS AIRES
Petroleumworld.com 08 26 2015
- story

Reuter's John Kemp: Oil market loses faith in Saudi oil strategy


Oil holds near 6-year lows on China worrie
s

LONDON
Petroleumworld.com 08 25 2015
- story

Petrobras uneasy with drilling-rig builder Sete Brazil restructuring


Sete Brasil projects hang in the balance.

SAO PAULO
Petroleumworld.com 08 25 2015
- story

0il below $40 a barrel since 2009, supply glut grows

NEW YORK
Petroleumworld.com 08 24 2015
- story

Canadian Pacific to take over Peru's block 192


Pacific Exploration and Production Corp awarded Block 192 concession in Peru.

LIMA
Petroleumworld.com 08 24 2015
- story

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International Crisis
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"Perdido" the largest
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Kejal Vyas: PDVSA's
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Latin America Energy
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Mary Anastasia O'Grady
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