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TOP NEWS

 

 


OPEC quarrelling even before ink on deal dries


Iraq's Luaibi complains about OPEC output estimates

ALGIERS
Petroleumworld.com 09 30 2016

For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi Arabia and arch-rival Iran. - story

Petrobras workers reject a contract offer, strike looms


Brazil oil workers reject Petrobras offer, strike possible

RIO DE JANEIRO,
Petroleumworld.com 09 30 2016

Brazil's largest oil workers' federation said Thursday its members voted overwhelmingly to reject a contract offer from Petroleo Brasileiro SA, or Petrobras, and were preparing for a possible strike. - story


Third Auction Round 1

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Editorial Commentary

NYT Editorial: Hillary Clinton for president



Our endorsement is rooted in respect
for her intellect, experience and courage.


Opinion

 

Zainab Calcuttawala: What is stopping
global LNG growth?


France's Total, Britain's BP and Italy's Eni have all announced
increased natural gas forecasts for the coming decades.




Lagniappe

 

Kevin Ramnarine: Dealing with the natural
gas supply problem in Trinidad and Tobago


BG (now Shell), a company that once easily produced one billion cubic feet
of natural gas per day, now struggles to produce 0.7 billion cubic feet per day.




Write to editor@petroleumworld.com

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PRICES:
Updated: Sept 30, 2016 08:10 GMT / Closing daily oil prices

09/29

OPEC Basket
$44.34
+2.13
09/29
Mexico Basket
$39.69
+5.92
09/23
Venezuela Basket *
$37.58
-0.94

09/29

ICE Brent
$49.2
+0.56
09/29
NYMEX WTI
$47.83
+0.78
09/29
NYMEX Natural Gas
$2.96
-0.04
09/30
USD/MXN Mexican peso
19.6
09/30

Euro/USD

1.11

* Venezuela average weekly price



 


WEEK'S TOP HEADLINES

Saudis and Iranies agree on a OPEC oil production cut


Finances strained, Saudis bet on higher oil prices to help

ALGIERS
Petroleumworld.com 09 29 2016
- story

PEMEX's refinery output slides as government opens fuel market


Pemex's six refineries are operating at 51% of capacity

MEXICO CITY
Petroleumworld.com 09 29 2016
- story

No deal as Iran rejects Saudi oil output offer at OPEC's Algiers forum

Reuters/Ramzi Boudina

Iranian Oil Minister Bijan Zanganeh talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016.

ALGIERS
Petroleumworld.com 09 28 2016
- story

Pemex with less favorable terms in Trianon deep-water joint venture auction


Mexico's Pemex to cut stake in 1st deep-water venture

MEXICO CITY
Petroleumworld.com 09 28 2016
- story

Saudi is pushing for oil production limits while Iran is resisting to freeze output


Suddenly the tables have been turned on Saudi Arabia.

LONDON
Petroleumworld.com 09 27 2016
- story

PDVSA ready sign a 50/50 deal with Rosneft on Mariscal Sucre offshore gas fields


PDVSA waiting for Russia's Rosneft to develop the Mariscal Sucre offshore gas project.

MOSCOW
Petroleumworld.com 09 27 2016
- story

Ecuador warns OPEC of risks if agreement not reach in Algeria


Ecuador's President Rafael Correa hopes OPEC will reach agreement in Algeria

CARACAS
Petroleumworld.com 09 26 2016
- story

Petrobras sells to Brookfield Brazil's major gas pipeline


Petrobras sells major gas pipeline which feeds Brazil's core industrialized regions

MONTEVIDEO
Petroleumworld.com 09 26 2016
- story

Oil output triples, OPEC under pressure to Act in Algiers

LONDON/ DOHA
Petroleumworld.com 09 23 2016
- story

PDVSA reduces exports of subsidized crude to Petrocaribe

SAO PAULO
Petroleumworld.com 09 23 2016
- story

PDVSA awards $3.2 billion oil drilling contracts to Schlumberger, Horizontal Well and Y&V

CARACAS/HOUSTON
Petroleumworld.com 09 22 2016
- story

Offshore Mexico crude flowing in 2019, Fieldwood CEO says


Fieldwood-Petrobal joint venture to begin Mexico drilling next year

MEXICO CITY
Petroleumworld.com 09 22 2016
- story

Petrobras to raises asset sales goal and cut spending, in five-year plan


Petrobras Chief Executive Officer Pedro Parente

RIO DE JANEIRO/SAO PAULO
Petroleumworld.com 09 21 2016
- story

Oil-rich Venezuela failing? It's importing U.S. oil


El Furrial, Venezuela

EL FURRIAL, Venezuela
Petroleumworld.com 09 21 2016
- story

China's trader signed an agreement to operate Curacao oil refinery

ORANJESTAD, Aruba
Petroleumworld.com 09 20 2016
- story

Petrobras may cut output, investment in 2017-21 plan

RIO DE JANEIRO
Petroleumworld.com 09 20 2016
- story

Petrobras oil workers in pre-strike mode


Brazil oil workers reject Petrobras wage offer; strike is possible

RIO DE JANEIRO
Petroleumworld.com 09 19 2016
- story

PDVSA sweeten $7 billion bond swap offering Citgo backing

BOGOTA/SANTIAGO
Petroleumworld.com 09 19 2016
- story

U.S. the major hurdle for OPEC oil output freeze

LONDON
Petroleumworld.com 09 16 2016
- story

BP looking deep to invest in Argentina Oil & Gas


BP's Dudley Favors Argentina Shale Over Costly Texas Permian - Bloomberg

MONTEVIDEO
Petroleumworld.com 09 16 2016
- story

NOCs to retain oil & gas investment dominance: IEA's Birol

Reuters/Max Rossi

International Energy Agency Executive Director Fatih Birol speaks during the ''Rome 2015 MED, Mediterranean dialogues'' forum in Rome, Italy, December 11, 2015.

LONDON
Petroleumworld.com 09 15 2016
- story

Mexico's newest energy player IEnova plans to raise $1 billion in shares


Mexico's IEnova A unit of U.S. firm Sempra Energy
plans October share offering of over $1 bln -sources

LONDON
Petroleumworld.com 09 15 2016
- story

Pemex back in Wall Street dollar market with 30-year paper


Pemex returns with bond deal after long hiatus

NEW YORK
Petroleumworld.com 09 14 2016
- story

Pemex announced 160 MB (boe) discovery in Gulf of Mexico


Pemex says discovers six new crude deposits in Gulf of Mexico

MEXICO CITY
Petroleumworld.com 09 14 2016

Mexico's state oil company Pemex said on Tuesday it had discovered six new deposits in the Gulf of Mexico, two of super light crude in deep waters, and four of light crude in shallow waters. - story

Algeria sees OPEC consensus on need to balance prices


Algerian energy minister sees consensus on need to steady oil price: APS

ALGIERS
Petroleumworld.com 09 12 2016
- story

Murphy, Petroliam, Sierra to group for deepwater Mexico oil bidding


Mexico to auction 10 deepwater crude blocks on Dec. 5

MEXICO CITY
Petroleumworld.com 09 12 2016
- story

 

PW PREVIOUS WEEK'S HEADLINES


TODAY'S WORLD OIL HEADLINES



Petroleumworld's Opinion Forum
viewpoints on issues in energy, geopolitics and civilization

Conversa-Concertinas (No Ease) Official Music Video by Alan Ohep


Vendanta: A documentary film by Elio Ohep Fitzgerald



 

Lagniappe, Feature, Sunday

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HURRICANE MATTHEW

...MATTHEW RAPIDLY
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EDITORIAL

OBG: Oil majors are
eyeing up Mexico's next oil auction

 

Samuel Chi: Rio Olympics winners and losers

 

NYT Editorial Board: How can America recover from Donald Trump?

 

Ioan Grillo:
Venezuela is dying

 

 

Michael Arnovitz:
Thinking about
Hillary— A plea
for reason

 

The Post's View: Theconventions are done, and it's clear what is at stake in this year's election

 

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

 

New YorkTimes:
Neighbors stand
up to Venezuela

 

Editorial position


On sale now
New Edition!



We Fedex any
where in the world

 

OPINION

Nick Cunningham:
Is Putin's support
for an OPEC freeze
a game changer?

 

Luis Colasante:
Is doomsday inevitable
for Venezuela?

 

Tsvetana Paraskova: Saudis ramping up oil output to gainleverage in OPEC talks

 

Nick Cunningham:
Surprise natural gas drawdown signals higher prices ahead

 

James Burgess:Is
thisone of the best
ways to play the
clean energy boom?

 

 

Dave Forest:The
world'sbiggest oil discovery just
opened for foreign
ownershi
p

 

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

 

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

 

LAGNIAPPE

Francisco Monaldi:
LatinAmerica/The potential for a
bright future of the
oil industry

 

Platts: Colombian
peace won't cure oil industry's problems

Leon Aron: Even Vladimir Putin cannot kill the
russian revolution

 

TOGY:Sea change:Interview with Kevin
Ramnarinen

 

Julian Lee: If Iran
opens its oilsector,
is Saudi Arabia next?

 

Carlos Bellorin: PDVSAEl Furrial: The spectacular
decline of a Venezuela
giant oil field

 

Julian Lee: Goldman's
hopeful oil call

 

Kevin Ramnarine:
Guyana's time has come




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