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Top News
Latin America - World





Glencore’s Chemoil paid Petrobras
bribes for ship fuel -court docs


Trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned
oil company Petroleo Brasileiro SA, Brazil prosecutors said on Wednesday, in a graft scheme they believe is ongoing.

-Firm’s ex-trader accused of payoffs to secure favorable fuel oil supply contracts
-Over $30 million in bribes court documents show

By Lucia Kassai / Bloomberg

Petroleumworld 10 21 2021

Brazil’s years-long Carwash probe into payoffs to secure business with Petroleo Brasileiro SA in the early 2010s revealed how a unit of commodities-trading giant Glencore Plc secured maritime fuel supply contracts.

Canadian New Stratus Energy
eyes Repsol’s Ecuador blocks

El Universo

José Francisco Arata, founder and president of New Stratus Energy.

- Contracts for two blocks expire in December 2022
Wants to change the existing service contracts to production-sharing deals

By Alberto Araujo / Argus

Petroleumworld 10 22 2021

Canadian independent New Stratus Energy is looking to acquire Spanish Repsol's 35pc operating stakes in two heavy oil blocks in Ecuador, but with a proposed change in contract terms.




PW Days View



Shannon K. O'Neil/Bloomberg:Mexico’s 
Energy Grid Risks Fading to Black



Not the wave of the future.

President Lopez Obrador’s plan to renationalize electricity generation will make it more expensive, dirtier and less reliable and jeopardize the inclusive economic growth he says he wants.



Updated: Oct. 22, 2021 07:44 GMT (closing prices)


OPEC Basket



Mexico Basket (MME)



Venezuela Basket*




ICE Brent December BRNZ21


NYMEX WTI December CLZ21


NYMEX Natural Gas November NGX21

10/21 NYMEX Heating Oil November HOX21        -0.043
10/15 Active U.S. Rig Count **
USD/MXN Mexican Peso
Live data


Live data

USD/Bs. (Bolivar) ***


* Venezuelan basket of crude oil blends average price 2021-Reuters. The Venezuelan oil basket
has not shown any updates since July 2020. ** Weekend report of The total active U.S. rig count.
*** Date value. Sources: MarketWatch, WTRG, Bloomberg, BCV, OPEC, Reuters, Pemex.



Petrobras refineries sale hit a wall

By Mariana Durao and Peter Millard / Bloomberg

Petroleumworld 10 21 2021

Mexico’s congressional leaders pushing to vote energy bill in December


Lower House leaders seek power bill vote in December
-Bill guarantees state utility majority of electricity market
-Constitutional reform needs two-thirds support in lower house

By Maya Averbuch / Bloomberg

Petroleumworld 10 21 2021


Previous Top News

Daily News

Friday Oct. 22

U.S. oil futures score Friday the longest weekly winning streak on record

U.S. oil & gas rig count falls for first week in seven -Baker Hughes

Japan OKs plan to push clean energy, nuclear to cut carbon

Putin says new pipeline could quickly pump more gas to EU

Global Green Growth Week by the Sustainable Development Goals (SDGs) and the Organisation of Eastern Caribbean States (OECS)

Schlumberger Announces Third-Quarter 2021 Results

TTL and KLM to spend $720,000 to market Dutch/T&T flight

T&T Government revisits policy on tax-free spaces for businesses to invest

Guyana’s oil revenue could total US$600M by year end – Min Bharrat

Caribbean region’s future hinges on sustainable energy transition – CDB


Thursday Oct. 21

U.S. oil benchmark ends lower Thursday, taking a break from its rally to 7-year highs

Oil refining renaissance under threat from natural gas crisis

OPEC+ once again fails to pump enough to meet its output target

EU leaders seek to safeguard energy supplies as prices soar

CGG, TGS and BGP sign agreement with Staatsolie for multi-client programs offshore Suriname

Ukraine Gas Investment Congress creates partnerships in Ukraine’s gas sector

Young: Strong negotiations with petrochemicals will lead to NGC windfall

TT National Gas Company NGC encourages green agenda for employees

Guyana Trade Office to be set up in Dubai

Guyana does not have market to utilise gas from fourth project – says export alternatives may be needed


Wednesday Oct. 20

U.S. oil prices Wednesday up a 5th session as domestic supplies post
a surprise decline

Venezuelans break off flakes of gold to pay for meals, haircuts

Groups want US to suspend oil leases off California coast

Brazil Senate report urges charging Bolsonaro over pandemic

Repsol’s industrial complex in A Coruña  expand manufacturing of biofuel from used cooking oil

A new light over the shadows of Romulo Betancourt administration

BHP deepwater Bongos well in Calypso appraisal encounters hydrocarbons

TT refinery proposals being assessed, delegation to attend COP26 -Young 

Guyana Govt signs agreement with Int’l Solar Alliance to evaluated solar power

ExxonMobil eight months late in relinquishing 45% of Kaieteur Block


Tuesday Oct. 19

Oil futures finish Tuesday at multiyear highs as Russia offer gas supplies

Mexico agrees to expand climate goals by 2022, foreign minister says

Russia signals Europe won't get extra gas without Nord Stream 2

Energy crunch hits global recovery as winter approaches

Application for Electrical Interconnection Greece-Egypt included in the PCI list

Oil and gas will meet 46% percent of the global energy demand in 2030 – IEA

Three international bidders compete for Trinidad refinery

Shell to develop Lorean/Manatee field on the T&T side -Young

Guyana should be part of global oil supply chain –Jagdeo

ExxonMobil kicks off public debate on Guyana's Yellowtail Environmental Impact Assessment from Oct. 25


Monday Oct. 18

Brent oil futures Monday mark first loss in 3 sessions; natural-gas prices end at a more than 3-week low

Oil prices climb as COVID recovery, power generators stoke demand

Russia keeps grip on gas supply, pushing prices up in Europe

Wind Power Industry calls on governments to ramp up clean energy

Coast Guard: 1,200-foot ship dragged California oil pipeline

Natural gas is the answer to energy crisis, the one for transition and future

25th Annual CAF Conference will be on Covid-19 pandemic and Climate Change

T&T to benefit from US $11 million chemical pollution project

Heritage Petroleum donates more laptops to T & T educational institutions

Ghanaian experts review Guyana’s local content legislation

Guyana oil production to drop to 109,000 barrels in December –Report


Friday Oct. 15

Oil futures finish higher Friday, with prices up an 8th straight week

U.S. drillers add oil and gas rigs for sixth week in a row -Baker Hughes

OPEC+ is hesitant about boosting oil supplies: here’s why

Global gas crisis is spilling over into oil markets -IEA

White House targeting economic risks from climate change

Lukoil to continue support of the sustainable economic development of the Perm region

Repsol and Spain towars the renewable hydrogen economy

TT Trade Minister reveals that non-energy exports soar

TT Trade Minister applauds DeNovo's hiring of Pt Lisas firm for Zandolie platform construction

Local Guyanese firms complain of delays in receiving payments from major oil and gas players

Stabroek Block partner funds 18 UG scholarships; half going to Amerindian Students





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NOAA 2021
Atlantic Hurricane Season
June 1 -November 30

There are no tropical cyclones in the Atlantic at this time.





by Raul Gallegos


Terrapin Flyer

"Wall Street"

Take risks,
and a break

Growth requires risk taking
and comfort with change.

Latin America
Daily Briefing

Bolsonaro committed crimes against humanity, Senate Inquiry Commission

Bolsonaro accused
of "crimes against humanity"

Lasso declares
state of emergency

Saab extradition
derails negotiations





Caribbean Covid-19 cases rising -- PAHO

Puerto Rico's
power crisis

Mottley calls for
"global moral
strategic leadership"

Belize's green
debt restructing


by Todd Petersen


Mexico Gas
Market Gears
Up for Uncertain Winter Period

The ghost of Winter Storm Uri looms large and makes gas system users nervous.

The Experiment
The Atlantic:
Forget The Alamo


Condoleezza Rice/WP
The Afghan people didn't choose the Taliban. They fought and died alongside us


Liam Denning/ Bloomberg:
Even if UAE and
OPEC+ make up,
it won't last

"Framing the realities
of Latin America”


Shannon K. O'Neil/Bloomberg:Latin America Shouldn’t Be a Pawn in U.S.-China Rivalry


Clara Ferreira Marques/Bloomberg: Bolsonaro’s Sound and Fury Can’t Hide His Failures


Clara Ferreira Marques/Bloomberg: Brazil’s Top Court Can Stop Bolsonaro’s Unjust Land Grab



Carlos E. Mijares Poyer/
Take the money
and run

For some reason
Jesus Christ threw
the merchants out
of the temple


Video: The State of
The Energy Markets

by Stephen Schork


Talks about Vedanta








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