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TOP NEWS

 

 


Statoil buys Petrobras 66% stake in BM-S-8 offshore block in Santos basin for $2.5 billion

Bloomberg/Chris Ratcliff

Eldar Saetre

HOUSTON/OSLO
Petroleumworld.com 07 29 2016

Statoil ASA, Norway's biggest oil company, will buy an offshore oil block in Brazil from Petroleo Brasileiro SA for $2.5 billion, seizing on lower asset valuations amid a price slump to make its biggest acquisition since 2011.- story

PDVSA and Rosneft sign strategic partnership alliance – Venezuela Energy Ministry


Chairman of Rosneft Management Board Igor Sechin and Venezuela's Energy Minister and PDVSA President Eulogio Del Pino

CARACAS
Petroleumworld.com 07 29 2016

Russian oil company Rosneft and Venezuela's state-owned Petroleos de Venezuela (PDVSA) signed an agreement expanding their strategic cooperation and working together on Venezuela's oil development, as well as oil and petroleum products trading, according to Venezuela's Energy Ministry, reported Sputnik News. - story

 


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Editorial Commentary

Mary Anastasia O'Grady: Who will
stop Venezuela's slow self-coup?


The U.S. is doing little to help defend democracy, which will please the Castros.

New York Times:Neighbors stand up to Venezuela


Brazil's Foreign Minister Jose Serra says Venezuela must not chair Mercosur



Opinion

 

Dave Forest: Is this the beginning
of the end for Venezuela's oil sector?


Reuters

Oil rigs and platforms are seen at Maracaibo's
lake near the western city of Maracaibo January

 

Irina Slav: Morgan Stanley warns that
rising rig count could undo the rally



Oil producers in the shale patch are aware that they are walking a very fine line.




Lagniappe


Julian Lee: Goldman's hopeful oil call



In a July 19 report , Goldman Sachs analysts
painted a hopeful picture for Russian oil production

 

Kevin Ramnarine: Guyana's time has come




ExxonMobil's second exploration well on the Stabroek block
off Guyana's Essequibo area
confirms a "world-class discovery"
with a recoverable resource of 800mn-1.4bn bl of oil equivalent.




Write to editor@petroleumworld.com

Follow us and post your comments Facebook


 



PRICES:
Updated: July 29, 2016 09:20 GMT

07/28

OPEC Basket
$39.79
-0.70
07/22 Venezuela Basket*
$37.60
-0.25
07/22 Venezuela Basket**
$31.90
+0.20
07/28 Mexico Basket  
$35.96
-0.55

07/28

ICE Brent  
$42.70
-0.77
07/28 NYMEX WTI 
$41.14
-0.78
07/28 NYMEX Natural Gas 
$2.87
+0.21
07/29 USD/BsF *** (Parallel)  
Bsf.1.008
- 2.00
07/29 Euro/USD  
1.10995

09:19 GMT

Closing daily oil prices: average weekly price*/ Average price for 2016**
Forex: USD-Bsf= Average Cucuta's price ***



 


WEEK'S TOP HEADLINES

PDVSA CEO says company will swap short-term debt


Venezuela bonds rally as PDVSA swap bets ease default concern. Eulogio Del Pino, PDVSA CEO

CARACAS
Petroleumworld.com 07 28 2016
- story

Pemex must take minimum 45 pct stake in deep water joint venture

MEXICO CITY
Petroleumworld.com 07 28 2016
- story

PDVSA's Trenaco contract a murky oil deal that went too far


Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that was too much.

CARACAS/BOGOTA
Petroleumworld.com 07 27 2016
- story

Petrobras to reduce stake in Brazil's gas industry


Petrobras to minimize role in Brazil's natural gas pipelines and LNG terminals

RIO DE JANEIRO
Petroleumworld.com 07 27 2016
- story

Oil closes at the lowest since April 25, falls on oversupply, demand concerns


Oil falls on oversupply, demand concerns; U.S. crude hits 3-month low

NEW YORK
Petroleumworld.com 07 26 2016
- story

Peru eyes renegotiating natural gas contracts

Repsol

An LNG tanker loading up at Peru's Pampa Melchorita liquefaction facility, which draws gas from Camisea.

LIMA
Petroleumworld.com 07 26 2016
- story

Brazil's Petrobras to sell voting control of BR fuels unit

BidnessEtc

Petrobras eyes sale of voting control in BR Distribuidora

SAO PAULO/RIO DE JANEIRO
Petroleumworld.com 07 25 2016
- story

Husky Energy pipeline Leaks crude oil into major canadian river

The Canadian Press/Jason Franson

Crews work to clean up an oil spill on the North Saskatchewan river near Maidstone, Sask. on Friday.

NORTH BATTLEFORD, Saskatchewa, Canada
Petroleumworld.com 07 25 2016
- story

Saudi Arabia regains leadership in China crude supply

Reuters/Ali Jarekji

A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008.

BEIJING
Petroleumworld.com 07 22 2016
- story

Rothschild & Co. leading group of PDVSA debt swappers

NEW YORK/BOGOTA
Petroleumworld.com 07 22 2016
- story

Oil services company Halliburton reports $148 million loss from Venezuela operations


Halliburton Company limit operations in Venezuela

CARACAS
Petroleumworld.com 07 21 2016
- story

Allowing Venezuela into Mercosur was Rousseff's great mistake, says Brazil's foreign minister


Mercosur under Lula, Rousseff and the Kirchner couple in Argentina became a highly ideological group distanced from its original purpose of promoting trade

CARACAS
Petroleumworld.com 07 21 2016
- story

Mexico approves Round 2 auction for 15 offshore oil areas in 2017


Mexico's third auction for onshore mature fields was hailed as a resounding success as all 25 blocks were awarded to mostly Mexican oil and gas companies.

MEXICO CITY
Petroleumworld.com 07 20 2016
- story

Petrobras inclined to restart BR Distribuidora unit stake sale

SAO PAULO
Petroleumworld.com 07 20 2016
- story

Petrobras has no plans to be privatize, CEO says -paper


The Brazilian government has no plans to privatize Petrobras and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's CEO says.

BRASILIA
Petroleumworld.com 07 19 2016
- story

Petroperu diversifies crude imports with purchases from Brazil, U.S.


Peru importing crude from the Americas.

HOUSTON/BUENOS AIRES
Petroleumworld.com 07 19 2016
- story

Oil flows through Turkey's pipelines and shipping lanes as coup ends

Bloomberg

Turkey reopens Istanbul's Bosphorus Strait to transiting tankers, after coup attempt

LONDON
Petroleumworld.com 07 18 2016
- story

SBM to pay $163 million fine in leniency deal on Petrobras corruption


In 2015, brazilian prosecutors charged 12 people into bribery involving SBM Offshore and Petrobras, now they will be immune to new lawsuits concerning the case.

SAO PAULO
Petroleumworld.com 07 18 2016
- story

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EDITORIAL

Kevin Ramnarine:
The Manning
Legacy in Energy

Gary Shilling: Oil is still heading to $10 a barrel ?

The New York Times:
Standing up for democracy
in Venezuela



The Economist:
The Venezuela
test


Panos Mourdoukoutas:
Saudi Arabia hikes oil prices, will Iran follow?

The 169th. Meeting of the OPEC Conference Vienna,2nd. June, 2016 John Hall: OPEC is resolute –policy is working,no change!

Julian Lee: OPEC's conclaveof bluster and inertia

Editorial position


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We Fedex any
where in the world

LAGNIAPPE


Suzanne Nossel: The world'srising powers have fallen

Nato Lima de Oliveira:The fate
of Brazil's
Petrobras



Ben Casselman :
OK, so now what?

Robin Wright: Former
Ambassador Robert
Fordonthe State
Department mutiny
on


Syria
John Quigley and
Andrew Willis: Could
Peru's new president
get comunities to
agree with mining ?

 

David Fickling: How
America saved OPEC

NYT: Dilma Rousseff
and Brazil's political
scandal:Reporters answer your questions




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