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Petroleumworld Top Headlines
Stories are not allways available on the Petroleumworld site after 90 days.

Top Headlines 2016

 

Top Headlines 2017 - January/June

 

Trump push toward American ‘energy dominance' with the ‘vast energy wealth' of the U.S.


Trump Says U.S. Is on the Cusp of an 'Energy Revolution'
- Watch video

WASHINGTON

Petroleumworld 06 30 2017

Galuccio-led investors plan $500 million Mexico market listing to buy energy assets


Vista Oil & Gas – a special-purpose acquisition company (SPAC) also known as a blank cheque company – will be headed up by former YPF chief executive Miguel Galuccio

MEXICO CITY
Petroleumworld 06 30 2017

 

Con inversiones por $ 8.200 despegaron Ronda Dos de apertura a energética de México


Con base en una estimación de éxito exploratorio, las grandes esas empresas petroleras invertirán 49.000 millones de dólares a lo largo de la vida de los contratos

CIUDAD DE MÉXICO
Petroleumworld.com 26 06 2017

Miguel Galuccio exdirectivo de YPF recurrirá a la BMV para lanzar proyecto petrolero


Con un nuevo vehículo de inversión Vista Oil & Gas, Miguel Galuccio recaudaría fondos en el mercado accionario mexicano

CIUDAD DE MÉXICO
Petroleumworld.com 30
06 2017

Régimen aumenta nivel de violencia, seis muertos en 24 horas en Venezuela


A quemarropa le dispara un policía del régimen a un venezolano que protesta pacíficamente contra régimen de Maduro

CARACAS
Petroleumworld.com 30 06 2017

Trump push toward American ‘energy dominance' with the ‘vast energy wealth' of the U.S.


Trump Says U.S. Is on the Cusp of an 'Energy Revolution'
- Watch video

WASHINGTON

Petroleumworld 06 30 2017

Galuccio-led investors plan $500 million Mexico market listing to buy energy assets


Vista Oil & Gas – a special-purpose acquisition company (SPAC) also known as a blank cheque company – will be headed up by former YPF chief executive Miguel Galuccio

MEXICO CITY
Petroleumworld 06 30 2017

OPEC reluctantly resists to cut deeper

Keloland

In the past, OPEC has often delivered supply cuts in stages. U.S. shale makes group wary of deepening production curbs

LONDON
Petroleumworld 06 29 2017

U.S. oil exports up 1,600 percent in four years


Suddenly the U.S. is exporting crude more than a bunch of OPEC members. So will the U.S. be joining OPEC
?

NEW YORK
Petroleumworld 06 29 2017

 

Venezuela running on empty scrapes the bottom of oil barrel diplomacy - Margolis


@Always Seafarers

For a price, the country's regional allies may be willing to shift their allegiance.

RIO DE JANEIRO
Petroleumworld 06 28 2017

Welcome to the booming Corpus Christi a Texas port at heart of U.S. oil sales

Bloomberg/Eddie Seal

Corpus Christi Port dredging to boost export capacity to 3 million barrels a day. New pipelines set to increase supply moving out of South Texas. Photo: The Eagle Ford crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016.

NEW YORK/HOUSTON
Petroleumworld 06 28 2017

Brazil's top prosecutor charged President Temer with Corruption


Prosecutor's case based on secret recording of Michel Temer. It looks like Temer has sufficient support in Congress to block the trial, Bloomberg's Bruce Douglas says. -Watch video

BRASILIA

Petroleumworld 06 27 2017

U.S. to seeks Energy Pact with Mexico, Canada as Nafta talks near - Perry


“I think we have a unique opportunity in this country to develop a North American energy strategy that will pay great dividends for Canadians, for Mexicans, for Americans, as we go forward, .” Energy Secretary Rick Perry said.

OTTAWA/WASHINGTON
Petroleumworld 06 27 2017

Trump to emphasize U.S. ‘Dominance' in energy production with oil and gas exports


President to flag historic shift as U.S. becomes net exporter. Renewables and nuclear power technology also set to gain

WASHINGTON
Petroleumworld 06 26 2017

Mexico's short 3.5 million barrels of gasoline with Salina Cruz refinery down


Salina Cruz refinery to remain down until at least July 30. Pemex to seek 10 additional fuel shipments in the coming weeks

MEXICO CITY
Petroleumworld 06 26 2017

 


Oil strategist is watching for a near-term bounce - Watch video

LONDON/KUWAIT
Petroleumworld 06 23 2017

PDVSA with refining network at its lows to buy up to 17 fuel cargoes on tenders


Gasoline blendstock, ultra-low sulfur diesel (ULSD), catalytic naphtha, vacuum gasoil (VGO) and components for motor gasoline are to be puerchase in the open market by Venezuela's PDVSA

HOUSTON
Petroleumworld 06 23 2017

 

Brent and WTI in a bear market amid U.S. production highest in almost two years


Brent joins U.S. crude in bear market amid oversupply anxiety. SocGen's Wittner sees upward path for oil prices. - Watch video

NEW YORK
Petroleumworld 06 22 2017

Brent crude entered a bear market, plunging below $45 a barrel for the first time since November as skepticism that a supply glut will ease worsens.

Gulf of Mexico Tropical Storm Cindy disrupts shipping, crude imports


Cindy could delay oil imports, exports through the week. Storm in Louisiana, Texas coastline Thursday

BOSTON
Petroleumworld 06 21 2017

Chevron's pollution case in Ecuador still face litigation in Canada and Brazil


Ecuadorian inhabitants and activists are still arguing to this day that Chevron should be held financially responsible for the pollution in the Amazon rainforest from 1960's to 1990's

NEW YORK
Petroleumworld 06 21 2017

PDVSA looks abroad for fuel as domestic production runs out

HOUSTON
Petroleumworld 06 21 2017

Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year as the country's refineries are now operating at less than half of their capacity.

Eni big winner in Mexico's shallow-water oil auction


The number of areas awarded in the Round 2 of mexico's oil auctions, out of 15 offered, exceeded the 35 percent to 40 percent of the blocks Energy Minister Pedro Joaquin Coldwell said last week he hoped would be sold.

MEXICO CITY
Petroleumworld 06 20 2017

U.S. leading diplomatic push in Venezuela crisis at OAS Mexico meeting

Reuters/Christian Veron

A teenager died of a gunshot wound in the latest clashes and several others were injured, bringing the death toll since April to at least 73. A member of the riot security forces (R) points what appears to be a pistol towards a crowd of demonstrators during a rally against Venezuela's President Nicolas Maduro's regimen in Caracas, Venezuela, June 19, 2017.

WASHINGTON/CARACACAS
Petroleumworld 06 20 2017

Trump's new Cuba policy corrects Obama's
"terrible and misguided deal" with Havana

Reuters/Joe Skipper

U.S. President Donald Trump holds a document he signed after announcing his Cuba policy at the Manuel Artime Theater in the Little Havana neighborhood in Miami, Florida, U.S. June 16, 2017.

MIAMI
Petroleumworld 06 19 2017

Pemex refinery fires no help in seeking partners

El Universall/RCC Agency/GDA via AP Images

Pemex refinery in Salina Cruz, Oaxaca. Latest shutdown at Salina Cruz came as blaze hits second day.

MEXICO CITY
Petroleumworld 06 19 2017

 

U.S. oil supplies remain 100 million barrels above 5-year average, libyan output climbs


Oil set for longest run of weekly losses since 2015 amid glut

HONG KONG
Petroleumworld 06 16
2017

Venezuela's regime turns to its secretive bag of tricks to avoid default


Venezuela Crisis: One analyst sees $15.5 billion in assets on top of reserves. Another says investors can't count on any off-budget assets - Watch video

BOGOTA
Petroleumworld 06 16 2017

Atlantic Glut, buyer's market: The lonely drifting oil tanker that signals OPEC's struggle

Bloomberg

Atlantic oil market oversupplied on Nigeria, Libya production . Oil traders talk of a buyer's market for light, sweet crude

LONDON
Petroleumworld 06 14 2017

Regime's violence have left nearly 70 dead in two months of Venezuela's grinding protests

Carlos Becerra/Bloomberg

A National Police officer runs with a riot shield during a protest against Venezuelan President Nicolas Maduro in Caracas, Venezuela, on Thursday, April 13, 2017.

CARACAS
Petroleumworld 06 14 2017

 

Congreso Mexicano del Petróleo: Pemex buscará socios para 74 "farm outs"


Al participar en el Congreso Mexicano del Petróleo 2017, que se celebra en Puebla, el director de Petróleos Mexicanos (Pemex), José Antonio González Anaya, anunció que la empresa acelerará su estrategia de asociaciones con la iniciativa privada para incrementar producción de crudo e incorporar reservas. - Contralinea.

CIUDAD DE MÉXICO
Petroleumworld.com 09 06 2017

Venezuela profundiza crisis, régimen destruye legado de Hugo Chávez dice Fiscal General

Reuters/Ivan Alvarado

Una mujer desesperanzada grita fuertes consignas encontra del régimen en el lugar donde el manifestante de 17 años, Neomar Lander, murió durante los disturbios en una manifestación contra el régimen de Nicolás Maduro, en Caracas, Venezuela, el 8 de junio de 2017.

CARACAS
Petroleumworld.com 09 06 2017

México producirá 3.4 millones de barriles de petróleo dijo el Secretario Coldwell al inaugurar Congreso Mexicano del Petróleo


La Reforma Energética, en el corazón del siglo XXI tema principal del Congreso Mexicano del Petróleo realizandose en Puebla.

PUEBLA, México
Petroleumworld.com 09 06 2017

Crudo se hunde 5 pct tras sorpresivo aumento de inventarios en EEUU


Los futuros de crudo en Estados Unidos extendían pérdidas hasta 2 dólares por barril tras el informe de inventarios de EIA.

NUEVA YORK
Petroleumworld.com 08 06 2017

 

MercBloc's Dicker says negativity controls oil market. Investor takes options for 10 million barrels of Brent crude. - Watch video

LONDON
Petroleumworld 06 09 2017

 

Venezuela's deepening crisis, 65 dead and hundreds behind bars. Public Prosecutor exposes regime

Why Venezuela's many crises keep getting worse. Bonds have fallen on lower oil prices, missed Russia payment. -Watch video

CARACAS
Petroleumworld 06 09 2017

 

Crude oil's price biggest downfall since March explain visually


U.S. total crude and products supplies jump by most since 2008. WTI-Brent spread narrows, encouraging U.S. crude oil imports.

NEW YORK
Petroleumworld 06 08 2017

Venezuela turns violent when regime forces take on pacific protesters


Police officers fires tear gas canister towards demonstrators during a rally in Caracas, Venezuela

CARACAS
Petroleumworld 06 08 2017

 

U.S. sides with Saudi Arabia in Gulf rift, backs isolation of Qatar

WASHINGTON/RIYADH
Petroleumworld 06 07 2017

Venezuela offers sovereign bonds to U.S. funds at 20 percent of its value - sources


Selling these bonds at 20 cents on the dollar is obscene. Yesterday, comparable bonds maturing in 2038 were trading for 45 cents. - Caracas Chronicles

CARACAS
Petroleumworld 06 07 2017

Warnings for Goldman, Nomura before PDVSA bond deal


Goldman, Nomura heeded warnings before Venezuela bond deal

CARACAS/NEW YORK
Petroleumworld 06 06 2017

Russia´s Putin and China´s Xi are bulking up in the U.S.'s backyard


Xi and Putin are working to win over small, poor countries with promises
of aid, military support, and investment, even as Trump scales back.

SANTO DOMINGO, Dominican Republic
Petroleumworld 06 06 2017

Saudi Arabia, U.A.E., Egypt and Bahrain sever ties with Qatar on account of Iran


Today's development raises tensions in the world's biggest oil-producing region while increasing the prospect of supply disruptions from the Middle East, including OPEC members Saudi Arabia, Iran and Qatar.

RIYADH/WASHINGTON
Petroleumworld 06 05 2017

Close call in Mexico state election weakens peso

Reuters/Henry Romero

A woman prepares her ballot as other people wait in line to cast their votes for governor of the State of Mexico at a polling station in Chimalhuacan, Mexico June 4, 2017.

MEXICO CITY
Petroleumworld 06 05 2017

 

U.S. withdrawal from Paris climate agreement. The agreement withdrawal explained


Announcement doesn't end the accord, and could be reversed. President says he wants to negotiate a new climate agreement - see video

WASHINGTON
Petroleumworld 06 02 2017

If the world lets Venezuela fall, democracy in the region will fall with it -Liliam Tintori


" We have arrived at the inevitable collapse of a failed model where power is corrupted and held in the hands of an elite few.

CARACAS
Petroleumworld 06 02 2017

 

Trump faces big decision on Paris climate accord


Trump poised to reveal Thursday Paris decision as he's said to favor exit. - watch enlarge videos

WASHINGTON
Petroleumworld 06 01 2017

Anti-regime protests rage as OAS meets on Venezuela crisis

Reuters/Marco Bello

A riot security officer shoots his shotgun as demonstrators rally against Venezuela's President Nicolas Maduro in Caracas, Venezuela, May 31, 2017.

CARACAS
Petroleumworld 05 30 2017

 

Deep-sea oil turns cheaper, to OPEC's appall


Deep-water drilling costs are coming down, Wood Mackenzie says . Oil at $50 seen sustaining some deep-water projects by 2018. -watch video

SINGAPORE
Petroleumworld 05 31 2017

Goldman under fire over Venezuela bond deal. Lawmakers ask U.S. Congress to probe transaction

Reuters

Bank says investment reflects belief life there will improve -watch video


LIMA/CARACAS

Petroleumworld 05 31 2017

President Temer pushes reform on Brazil's agenda in spite of political crisis

Bloomberg/Christopher Goodney

Temer calls for electoral court to make a swift decision. President is accused of obstruction of justice, corruption

SAO PAULO
Petroleumworld 05 30 2017

Goldman bought PDVSA 's bonds at 31 pc discount, Venezuela's legislature condemn deal


Deal is to ‘detriment of Venezuela and its people' said the president of Venezuela's legislature

NEW YORK
Petroleumworld 05 30 2017

Saudi Arabia take aim at swollen U.S. oil stockpiles in strategy shift


Minister promises marked drop in Saudi crude sales to U.S.. Kingdom shipped more crude to U.S. so far this year than 2016 - Watch video

VIENNA
Petroleumworld 05 29 2017

Shell's FPSO begins deep water production in Brazil Santos Basin


Floating production platform FPSO P-66 in route to Pre-Salt block.

CARACAS
Petroleumworld 05 29 2017

 

 

 

OPEC big question, is there a long term strategy?


OPEC leaves market guessing on exit strategy after oil pact. Analysts see nine-month deal extension anchoring prices. U.S. shale rebound could put agreement under strain in 2018

VIENNA
Petroleumworld 05 26 2017
- Watch video

Venezuela and Syria secret scheme to market sanctioned oil to the U.S.

Bloomberg/ Ben Bartenstein

Refinery in San Nicolas, Aruba. Venezuela secretly plotted to sell banned syrian oil to the U.S. Arrangement sought to refine Syrian oil in the Caribbean. Talks show how two outcast nations tried to help each other.

ORANJESTAD
Petroleumworld 05 26 2017

 

OPEC extend oil output cut by nine months to fight glut

Reuters/Leonhard Foeger

A TV camera is seen outside the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017.

VIENNA
Petroleumworld 05 25 2017

Mexico's Sierra Oil & Gas and partners drill first mexican private oil well in 80 years


The ENSCO 8503 semisubmersible drilling rig to drill the Zama well, Talos is the operator of the well and owns a 35-percent stake in the venture.

BOONTON, NJ, USA
Petroleumworld 05 25 2017

OPEC to decide today to extend oil-supply cuts for 9 months


IEA's Neil Atkinson says an OPEC deal in Vienna is almost certain.- Watch video

VIENNA
Petroleumworld 05 25 2017

Iraq mulls oil-hedging bigger than Mexico's deal


Baghdad considering hedging as much as 25% of its production. OPEC member is in the early phases of studying the project

LONDON
Petroleumworld 05 24
2017

Venezuela's prosecutor decries regime plan to change constitution, protests worsening

AP/Fernando Llano

A police officer fires tear gas against anti-government protesters in Caracas, Venezuela

CARACAS/PUERTO ORDAZ, Venezuela
Petroleumworld 05 24
2017

U.S. plan to sell half of SPR oil reserves undermines OPEC supply management efforts

Reuters/Nick Oxford

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016.

SINGAPORE
Petroleumworld 05 23 2017

Venezuela protests worsens, chief prosecutor split and decries Maduro plan

Reuters/Carlos Barria

Riot security forces clash with demonstrators during a rally called by health care workers against Venezuela's dictator Nicolas Maduro in Caracas, Venezuela May 22, 2017.

CARACAS/PUERTO ORDAZ, Venezuela
Petroleumworld 05 23 2017

OPEC concern on shale threat as members meet in Vienna

Bloomberg video

Saudis Confident in Extension of Oil Cuts for 9 Months. Delegates meet to discuss state of international oil market. -Watch Bloomberg video

KUWAIT/LONDON
Petroleumworld 05 22 2017

Temer: I will not resign. Brazil pressure for impeachment mounts

Igo Estrela/Getty Images

Michel Temer on May 20. OAB says president was omissive by not denouncing crimes. Group plans to file impeachment request in coming days - Watch video

BRASILIA
Petroleumworld 05 22 2017

 

Bloomberg Businessweek

Rebellion in Venezuela: Now the movement is slowly spreading to the hillside slums of western Caracas—to old Chavista strongholds such as El Valle, Petare and 23 de Enero.

CARACAS
Petroleumworld 05 19 2017

Brazil in crisis as markets sink and Temer vows to fight


Chaos takes hold as $150 billion wiped off the value of the local stock market. Allegations against president exploded “like an atomic bomb'.- See video

BRASILIA
Petroleumworld 05 19 2017

 

Brazil in chaos as president Temer accused

AFP/Evaristo Saa

Temer denies having authorized any obstruction of justice. The allegations are the latest development of Carwash probe

SAO PAULO/BRASILIA
Petroleumworld 05 18 2017

Renewable energy Latin America's clean-power play

AFP/Ezequiel Becerra

No tilting at windmills, please. Ramping up renewable energy is a big win for the region.

RIO DE JANEIRO
Petroleumworld 05 18 2017

OPEC talks tough and traders decide to bite - The Daily Prophet


Data from the U.S. Commodity Futures Trading Commission show net-long positions fell by 34,290 contracts to 168,814 in the week ended May 9. Net-long positions on Brent fell by 41,879 to 280,678.

NEW YORK
Petroleumworld 05 17 2017

U.S. Supreme Court: Ecuador vs Chevron Rico Act ruling a $9.5 billion issue

Bloomberg/Harret

A $9.5 billion pollution lawsuit against Chevron could clarify the reach of racketeering law.

NEW YORK
Petroleumworld 05 17 2017

The oil market is listening ... for now - Liam Denning


There has been an exodus of speculative money from bets on rising oil prices in recent weeks.
Note: Combined net position for managed money in Nymex WTI and ICE Brent crude oil futures and options. Source: Bloomberg

NEW YORK
Petroleumworld 05 16 2017

PDVSA CITGO's refineries control war heats up as Venezuela's default risk rises


Venezuela has just mortgaged the remaining 51.1% of Citgo Holding Inc. as collateral to induce $2.8 billion of holders of PDVSA debt maturing within the year to extend into a new 4 year amortizing bond.

NEW YORK
Petroleumworld 05 16 2017

OPEC next cut to cope with the Libyan factor: 814,000 barrels a day output


Break down of Libyan 1.7 million barrels per day (bpd) in oil exports in 2011.
Today Libyan oil output creeps higher ahead of OPEC decision on cuts.

CAIRO
Petroleumworld 05 15 2017

Scandal-hit Odebrecht with red heat from Brazilian banks


Brazilian banks turn up heat on scandal-hit Odebrecht

SAO PAULO
Petroleumworld 05 15 2017


The current processing levels at the main refineries are similar to 2012, when a severe explosion that killed more than 40 people at Amuay significantly reduced operations at PDVSA's main facilities, forcing the company to import fuels.

HOUSTON/PUNTO FIJO
Petroleumworld 05 12 2017

France Total's plans for Brazil's new oil frontier snagged on Amazon reef

Reuters/Ricardo Moraes

Birds fly over the mouth of the Araguari River on the coast of Amapa state, near Amapa city, northern Brazil, March 31, 2017.

OIAPOQUE, Brazil
Petroleumworld 05 12 2017

 

Petrobras and Exxon in strategic partnership talks

Bloomberg/Dado Galdieri

Petrobras offshore oil platform in Guanabara Bay. Brazil company says in statement no talks are ongoing. Potential outcome could go beyond bidding for offshore blocks.

RIO DE JANEIRO
Petroleumworld 05 11 2017

U.S. gasoline supliers to Mexico face organize fuel thefts and illegal pipeline taps

AFP/Jose Castanares

Soldiers stand in front of the flames generated by a fire in a clandestine fuel valve May 7. Mexican fuel importers weigh risk after thefts trigger bloodbath, the shootout between soldiers and fuel thieves leaves 11 dead.

MEXICO CITY
Petroleumworld 05 11 2017

 

Vitol world's independent oil trader has a warning for OPEC


Demand isn't expanding as much as expected: Vitol's Asia head. Shale production is growing faster than forecast: Vitol's Kho

SINGAPORE
Petroleumworld 05 10 2017

Venezuelans protests with "Poopootov"
fecal cocktails to throw at security forces

Reuters/Christian Veron

Messages are seen on plastic containers filled with feces, called 'Poopootovs', which is a play on Molotov cocktails, before they are thrown at security forces during protests, in addition to the usual rocks and petrol bombs, in Caracas, Venezuela May 9, 2017. The messages read, 'Freedom' (C), (Clockwise) 'Free Venezuela', 'For the future', 'For Venezuela', 'This is you', 'For the political prisoners', 'Are murderers', 'GNB you are this' and 'For our children'.

CARACAS
Petroleumworld 05 10 2017

Oil prices put Saudi Arabia and its partners right back where they started - Lee


Crude oil price drop means OPEC's missing return ticket for trip back to 2014

LONDON
Petroleumworld 05 09 2017

Venezuela could get hit by U.S. double oil sanctions


U.S. raises prospect of sanctions after Maduro's move. Loss of major trade route would raise prices for both - watch Bloomberg video

SAO PAULO
Petroleumworld 05 09 2017

France's President-elect Emmanuel Macron pledges
‘no more reason to vote for extremes'

Macron vows to heal France's divisions after victory over Le Pen

PARIS
Petroleumworld 05 08 2017

Mexico seeks investors for its refineries, but who's buying?

Reuters/Carlos Jasso

A general view of the Mexico's state-owned company Pemex refinery in Tula, Hidalgo, Mexico April 18, 2017.

NEW YORK/MEXICO CITY
Petroleumworld 05 08 2017

 

Oil price collapses below $45 as U.S. Shale output neutralize OPEC cuts


U.S. crude production rises in longest run of gains since 2012. Crude-price decline drags shares of energy companies lower

KONG KONG/SINGAPORE
Petroleumworld 05 05 2017

Pemex to develop most of oil fields granted, will return very few: CEO


Company must return fields this year where work insufficient. Pemex plans to continue oil hedge program in future years. - See Bloomberg video

MEXICO CITY / SAO PAULO
Petroleumworld 05 05 2017

 

Venezuela pacific protests leave 300 injured and one dead when security forces charge against crowd

AP/Fernando Llano

National Guards stand on a highway above an anti-government protest against Venezuelan dictator Nicolas Maduro's decree ordering a rewrite of the constitution in Caracas, Venezuela, Wednesday, May 3, 2017.

CARACAS
Petroleumworld 05 04 2017

Pemex refineries ramp up reducing fuel imports with less crude for export


Output increases as maintenance ends, pump prices rise. Mexico's crude processing nears 1 million barrels a day

MEXICO CITY
Petroleumworld 05 04 2017

 

Guyana more oil comming closer to shoreline - Ranmarine


Creaming curve norwegian continental shelf 1966-2012

GEORGETOWN
Petroleumworld 05 04 2017

OTC 2017: Petrobras oil giant will put $42 billion worth on offer including refineries

Houston Chronicle/ Michael Ciaglo

Pedro Parente Petrobras' CEO, said Petrobras adding refineries to asset sales as CEO seeks cash, wants to leave Petrobras' troubles in the past.

HOUSTON
Petroleumworld 05 03 2017

Venezuelan regime call for a new constitution a “constitutional fraud”- opposition leader Capriles

Reuters/Carlos Garcia Rawlins

As president calls for new constitution, Venezuela veers once again toward political chaos

CARACAS
Petroleumworld 05 03 2017

OTC 2017: U.S. looks past energy independence to global dominance - Trump's Interior Sec.


Secretary of the Interior Ryan Zinke, flanked by men and women who work on offshore oil and gas platforms signed two orders at OTC in Houston directing the
Bureau of Ocean Energy Management (BOEM) to develop a new five-year offshore exploration plan and creating a key new position.

HOUSTON
Petroleumworld 05 02 2017

Venezuelan regime's President calls for new constitution amid protests

Reuters/Carlos García Rawlins

The head of Venezuela's National Assembly Julio Borges on Monday called on Venezuelans to rebel and not accept a "coup" by President Nicolas Maduro, who announced a vote for a new assembly with capacity to re-write the Constitution -Reuters.

CARACAS
Petroleumworld 05 02 2017

U.S. oil's glut is resting elsewhere


CUTS? WHAT CUTS?

Sources: EIA, Bloomberg

U.S. crude oil imports from Middle East OPEC countries show no sign of falling

LONDON
Petroleumworld 05 01 2017

Pope Francis calls for Venezuelan negotiated solution to violence under “clear conditions”

AFP/Federico Parra

Riot police take up positions during clashes with demonstrators against dictador Nicolas Maduro in Caracas. Pope Francis on Saturday said the Vatican was ready to intervene as a mediator to try and end Venezuela's deadly political crisis under “clear conditions.” - AFP

MEXICO CITY
Petroleumworld 05 01 2017

 

Peak oil demand is a misleading theory - Saudi Aramco's CEO


Petroleum use will keep growing for decades to come: Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser

LONDON
Petroleumworld 04 28 2017

Europe condemns Venezuela's ‘brutal repression' and seclusion grows in regime

AP/Fernando Llano

Women mourn during an homage to Juan Pablo Pernalete in Caracas, Venezuela, Thursday. European Parliment and Canada call for Venezuelan elections. Opposition plans new protests to honor those killed this month

CARACAS
Petroleumworld 04 28 2017

Saudi minister to meet Russia counterpart amid push to extend cuts


Consensus is moving in direction of prolonging deal.

BAKU/LONDON
Petroleumworld 04 27 2017

Venezuela renegotiating natural gas licenses to allow mixed currency payments - AVPG J. Ohep


Repsol's and Eni's Perla natural gas field at Cardon IV block on the Gulf of Venezuela are producing 500 MMcf/d

CARACAS
Petroleumworld 04 27 2017

Venezuela's complicated crisis for oil not just a supply shock

Reuters/Tomas Bravo

Lost Decade: Venezuela's output has fallen already by almost a million barrels a day since 2006

NEW YORK
Petroleumworld 04 26 2017

Vaca Muerta: expensive, far out, but promising

Juan Mabromata/AFP

“We think there's going to be a boom,” Pampa Chairman Marcelo Mindlin said in an interview, “But you always have a learning curve at the beginning.”

BUENOS AIRES
Petroleumworld 04 26 2017

Death toll rises as Venezuelans press for elections while protests enter fourth week


A demostrator is pick up by National Guardsman during clashes while rallying against Venezuela's dictator Nicolas Maduro in Caracas, Venezuela April 24, 2017.

CARACAS
Petroleumworld 04 25 2017
(watch video)

U.S. drilling boosting output while oil prices fall to a four-week low


Speculator's WTI net-longs up 4.6%, third-straight gain: CFTC . Prices rose earlier as dollar, equities rally on French polls

NEW YORK
Petroleumworld 04 25 2017

Le Pen and Macron in runoff, French establishment in disarray


French voters face two radically different visions of the country's future after centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, triggering a runoff on May 7.- See Bloomberg video

PARIS
Petroleumworld 04 24 2017

US Gulf Coast oil imports turn away from Mexico into oil from Canada


Mexico seeks new home for its oil away from US Gulf Coast

NEW YORK/MEXICO CITY
Petroleumworld 04 24 2017

 

 

Bloomberg

Venezuelan opposition urges supporters to stay on the streets. Protesters make barriers; TV channels are silenced. See QuickTake: Venezuela's Oil-Based Economic Woes (Video).

CARACAS
Petroleumworld 04 21 2017

Oil sounding a warning for financial markets, brent physical crude weakens despite OPEC

Bloomberg

OPEC supply management yet to work as producer group intended. Brent is benchmark for more than half the world's crude oil.

LONDON
Petroleumworld 04 21 2017

 

Venezuelans march against dictator Maduro, protests leave three dead


Demonstrators clash with riot police during the so-called 'mother of all marches' against Venezuela's President Nicolas Maduro in Caracas, Venezuela April 19, 2017.

CARACAS
Petroleumworld 04 20 2017

PDVSA Citgo's $500K inaugural gift surfaces amid national security concern


As Venezuela starves, a U.S. subsidiary of a Venezuelan state-owned oil company Citgo Gave $500,000 to Trump Inauguration.- Latin American Herald Tribune.

WASHINGTON
Petroleumworld 04 20 2017

France's presidencial race 1st round up for grabs

Bloomberg Graphics

Melenchon 19% - Hamon 7.5% - Macron 23.5% -Fillon 19.5 % - Le Pen 22.5%
Source: The Bloomberg , April 19, 2017 / The Latest on France's Presidential Election


PARIS
Petroleumworld 04 19 2017

Russian shipper Sovcomflot holds PDVSA oil cargo hostage over debts


Oil Terminal and storage, at the north end of tiny St. Eustatius, Island in the Caribbean.

ST. EUSTATIUS/HOUSTON
Petroleumworld 04 19 2017

Oil shows over supply losing momentum -Citi


OPEC cuts will help offset surge in U.S. production: Citigroup U.S. stockpiles seen dropping; Drill rig count up for 13 weeks


HONG KONG
Petroleumworld 04 18 2017

PDVSA's crude-stained oil tankers banned at sea, maritime operations in shambles

Reuters

The oil tanker Caspian Galaxy sits anchored near Amuay beach, in Punto Fijo, Venezuela March 30, 2017.


HOUSTON/PUNTO FIJO, VENEZUELA
Petroleumworld 04 18 2017

Still too much oil for OPEC, not for IEA -Julian Lee

Swelling Stockpile
Over-supply has boosted global oil inventories by around 1 billion barrels in 3 years

OPEC sees a world that still has too much oil

LONDON
Petroleumworld 04 17 2017

Odebrecht paid $3.3 billion in bribes over a decade -Brasil's media


Odebrecht paid as much as $730 million annually in both 2012 and 2013


RIO DE JANEIRO
Petroleumworld 04 14 2017

Near-month futures price / Long-range average

Source: Bloomberg
Note: Nymex crude oil futures prices. "Long-range average" represents average price for futures covering 2018 through 2020.


NEW YORK
Petroleumworld 04 14 2017

Brazil's President calls $40 million Odebrecht bribe accusation 'a lie'

Reuters/Ueslei Marcelino

Brazil's president Michel Temer gestures during a meeting of the Pension Reform Commission at the Planalto Palace in Brasilia, Brazil, April 11, 2017.

BRASILIA/RIO DE JANEIRO
Petroleumworld 04 14 2017

 

PDVSA honors debt obligations amid political unrest, bonds rally


PDVSA notes rally after Venezuela makes good on $2.2 billion debt payment. Government says it will continue paying debt due this year.

LIMA/CARACAS
Petroleumworld 04 13 2017

Emilio Lozoya, ex-Pemex CEO says "never received illegal money from Odebrecht"

AFP/ Ben Stansall

Lozaya denies allegations of involvement in Brazil scandal

MEXICO CITY
Petroleumworld 04 13 2017
.

 

Oil in big push in year as Saudis support cut


Oil in biggest rally since december as Saudis seen backing curbs. Kingdom decision depends on stance of countries including Iraq. U.S. crude stockpiles drop 1.3 million barrels last week: API

HONG KONG/SEOUL
Petroleumworld 04 12 2017

PDVSA a mission impossible after brain drain, asset seizures


Venezuela oil no easy fix. In March, the country produced the least oil it has since 2003. Loss of engineers, service companies hinder any output boost

NEW YORK
Petroleumworld 04 12 2017

Drillers in U.S. shell gas play get more bang for their buck


New pipelines help producers respond quickly to price swings. Well control has improved with technological advances

HOUSTON
Petroleumworld 04 11 2017

PDVSA bondholders are doubting Venezuela's oil producer



BOGOTA/LIMA
Petroleumworld 04 11 2017

Venezuelans step up protests as regime ban opposition leader


People participate in an opposition rally in Caracas, Venezuela, April 8, 2017.


CARACAS
Petroleumworld 04 10 2017

bpTT needs to reconsider building Angeline offshore oil platform locally -TT Government


“We continue to ask of them as part of our policy that they use T&T facilities and fabrication yards and workers as their first preference. So it's not to say we in Government are sitting down.” -
acting Prime Minister Colm Imbert


PORT SPAIN
Petroleumworld 04 10 2017


Demonstration, the third in a week, seeks democratic voice. Opposition alliance calls for further protests this Saturday

CARACAS
Petroleumworld 04 07 2017

Expanding offshore oil drilling a reality with Trump


Trump will overturn Obama's offshore drilling ban


WASHINGTON
Petroleumworld 04 07 2017

 

Oil price spread that rules trading flow seen aiding OPEC's rivals


Brent-Dubai EFS seen at $1-$1.50 over April-May, survey shows. Surging supplies of light crudes damping premiums for grades

SINGAPORE
Petroleumworld 04 06 2017

Renewables on energy mainstream as majors muscle in


Utilities grabbing share of renewables from smaller developers. Maturity in renewables means narrower margins and lower profit

LONDON
Petroleumworld 04 06 2017

Venezuela on Anti-Maduro protest mode demanding elections, new Supreme Court judges


Water cannons, tear gas repel venezuelans demonstrators attempting to march across capital to Congress

CARACAS
Petroleumworld 04 05 2017

Mexico to benefit from canadian oil disruption, OPEC cuts


Heavy Canadian crude's discount to Maya is smallest since May. Gulf Coast refineries seen taking cheaper Mexican supply

CALGARY, Canada
Petroleumworld 04 05 2017

Venezuela default risk spikes as payment looms


PDVSA faces a $2 billion bond payment due on April 12

CARACAS
Petroleumworld 04 04 2017

Ecuador's Moreno victory with small margin and accusations of fraud may hurt governability


Ecuador backs ruling party with market seeing tough times ahead

QUITO
Petroleumworld 04 04 2017

Ecuador's runoff both candidates claim victory


Leftist celebrate win in Ecuador election, rival cries foul and ask for recount

QUITO
Petroleumworld 04 03 2017

Venezuela's Maduro wins power over PDVSA's oil despite court controversial decision reversal


The clash of powers in Venezuela has heightened investor concern that the fractured country is headed for default -Bloomberg.

QUITO
Petroleumworld 04 03 2017

Reuters/Carlos Garcia Rawlins

Deputies of the Venezuelan coalition of opposition parties (MUD), clash with Venezuela's National Guards during a protest outside the Supreme Court of Justice (TSJ) in Caracas, Venezuela March 30, 2017.

CARACAS
Petroleumworld 03 31 2017

Trinidad ready to refine Guyana's oil


Petrotrin said it has the capacity to refine Guyana's crude oil to bring it up to a standard that would allow it be compared to the West Texas Intermediate valuation standard.

GEORGETOWN
Petroleumworld 03 31 2017

 

PDVSA's CEO Eulogio Del Pino on the way out?


PDVSA said to be preparing for exit of president Del Pino

SAO PAULO/RIO DE JANEIRO/CARACAS
Petroleumworld 03 30 2017

ExxonMobil to announce new Guyana´s oil discovery, Trinidad pursuing its refining


ExxonMobil poised to announce another major find offshore Guyana; Trinidad and Tobago's Prime Minister to discuss refining Guyana's oil with Exxon

GEORGETOWN
Petroleumworld 03 30 2017

Turning shale into fuel for Mexico in the newest Texas refineries


Of the total of 20.5 million barrels of gasoline exported in October 2016, 12.077 million barrels went to Mexico.

NEW YORK
Petroleumworld 03 29 2017

Oil drillers in Mexico's Zapatista rebels country face an angry mob

Bloomberg/Yael Martinez

The burned-out City Hall in Tecpatan. “With machetes, with pistols, with whatever necessary, we will defend our land”

MEXICO CITY
Petroleumworld 03 29 2017

Oil's $50 magic number



Oil's Magic number becomes $50 a barrel
for promise of recovery

NEW YORK
Petroleumworld 03 28 2017

PM says handling of oil resources in Guyana will be transparent and accountable

OPM photo

Oil Rig, Stena Carron is conducting exploratory drilling operations on the Snoek well, a new reservoir within the Stabroek Block 130 miles off the Atlantic sea-coast of Guyana.
Exxon will invest $5 billion US dollars on oil production in Guyana by 2010.

GEORGETOWN
Petroleumworld 03 28 2017

Oil producers need more time to decide on cut extension, crude drop


Kuwait, Oman, Iraq among nations backing output cut extension

HONG KONG/SYDNEY
Petroleumworld 03 27 2017

Mexico will bet on hedge oil prices for next year


All options on table to bolster peso: deputy finance minister

MEXICO CITY
Petroleumworld 03 27 2017

American nations to challenge Venezuela's Maduro authoritarian regime

Reuters/Henry Romero

Mexico's Foreign Minister Luis Videgaray helped lead the regional diplomacy that aims to increase pressure on Venezuelan President Nicolás Maduro. Joint effort criticizing President Nicolás Maduro's government is rare in region.

MEXICO CITY
Petroleumworld 03 24 2017

Guyana's oil find equivalent to US$200 billion thus far,
Exxon wants to start srill ASAP

A new oil power in South America? -Visula Politik EN

The oil find is equivalent a US$250,000 per citizen - Watch the video

GEORGETOWN
Petroleumworld 03 24 2017

 

Big oil replaces offshore rigs with wind turbines at sea


Offshore wind gets investments from Shell, Statoil and Eni

LONDON
Petroleumworld 03 23 2017

Venezuela out of gas as PDVSA refineries scramble

Reuters/Carlos García Rawlins

Venezuelans line up for gasoline as OPEC nation's oil industry struggles

CARACAS/PUNTO FIJO, Venezuela
Petroleumworld 03 23 2017

Oil at lowest since November, crude inventories
rose 3 million barrels -EIA


US crude tumbles again, settling at $49.28, lowest close since November - Watch video

NEW YORK
Petroleumworld 03 22 2017

Petrobras financials improve in spite of a profit miss


Petrobras debt, operational metrics improve

SAO PAULO/RIO DE JANEIRO
Petroleumworld 03 21 2017

U.S. shale gas selling at record prices to overseas buyers


Cargoes sent to Mexico, Japan and Jordan for over $7/MMBtu

NEW YORK
Petroleumworld 03 21 2017

Trinidad's gas shortages lower output of Atlantic LNG


Trinidad's LNG production continues to drop in 2017

PORT SPAIN
Petroleumworld 03 21 2017

Price falls below $50, bullish crude bets cut by most ever



Money managers' WTI net-long position slips to 3-month low

NEW YORK
Petroleumworld 03 20 2017

Guyana gets ready with resources of oil industry signs MOUs with Mexican Institute of Petroleum


Mexican institute to help Guyana develop petroleum regulatory agency

GEORGETOWN
Petroleumworld 03 20 2017


Trump win, Brexit are warning signs for global trade: Saetre

OSLO
Petroleumworld 03 17 2017

A gas pipeline to be build by Shell from Venezuela to Trinidad


Royal Dutch Shell to build a 17 Km gas pipeline between Venezuela's gas field Dragon and TT's gas field Hibiscus

PORT SPAIN
Petroleumworld 03 17 2017

 

"Globalization could be going in reverse,” Statoil CEO after D.C. visit


Trump win, Brexit are warning signs for global trade: Saetre

OSLO
Petroleumworld 03 17 2017

A gas pipeline to be build by Shell from Venezuela to Trinidad


Royal Dutch Shell to build a 17 Km gas pipeline between Venezuela's gas field Dragon and TT's gas field Hibiscus

PORT SPAIN
Petroleumworld 03 17 2017

 

Mexico signed seven deepwater exploration
and production contracts with private oil


Mexico's Sierra Offshore Exploration signed a contract for Block 4, and with consortium inked another for Block 5.

MEXICO CITY
Petroleumworld 03 13 2017

CERAWeek by IHS Markit

Trudeau walks a thin tightrope between fossil fuels, renewables

HOUSTON
Petroleumworld 03 10
2017

Repsol finds massive oil field in Alaska, largest U.S. onshore conventional discovery in 30 years


The contingent resources currently identified in the Nanushuk play in Alaska amount to approximately 1.2 billion barrels of recoverable light oil.

HOUSTON
Petroleumworld 03 10
2017

CERAWeek: Industry binge can ‘Kill' oil market - Harold Hamm

CERAWeek by IHS Markit

U.S. production "could go pretty high," Hamm said at the CERAWeek.

HOUSTON
Petroleumworld 03 09 2017

CERAWeek:YPF push breakeven below $40/bbl - Gutierrez

CERAWeek by IHS Markit

Argentina's YPF cuts drilling costs, see more efficiencies-YPF CEO Miguel Gutierrez

HOUSTON
Petroleumworld 03 09 2017

 

CERAWeek: Al Falih Says worldwide demand will reach 100 million barrels a day “very soon.”


Khalid al-Falih, Saudi energy minister and Saudi Aramco chairman, speaks with CNBC's Brian Sullivan at CERAWeek -see video

HOUSTON
Petroleumworld.com 03 08 2017

CERAWeek: Pemex, Lukoil continue talks on potential joint projects


Pemex CEO Jose Antonio Gonzalez Anaya says that talks between Mexico's state-owned oil giant Petroleos Mexicanos and Russia's Lukoil about potential joint projects are ongoing. - see video

HOUSTON
Petroleumworld.com 03 08 2017

CERAWeek: ExxonMobil to invest $20 billion in the U.S. on Trump policies


ExxonMobil CEO Darren Woods explained that is part of an effort to boost energy exports from abundant natural gas and oil supplies on the U.S. Gulf Coast. Trump quickly tweets his support for ‘special company' .

HOUSTON
Petroleumworld.com 03 07 2017

CERAWeek:The challenge is to reduce costs in the oil industry - Statoil/Petrobras


Pedro Parente, president of Brazil's state-controlled Petrobras, noted "Now is the time to change how we run this industry," he said.

HOUSTON
Petroleumworld.com 03 07 2017

World's oil meet at CERAWeek in Houston after OPEC price push


Alexander Novak, Russia's Minister of Energy and Darren Woods, ExxonMobil CEO will be the feature speakers at CERAWeek opening date, Monday.

HOUSTON
Petroleumworld.com 03 06 2017

Bad news for TT's energy sector, Methanol Holdings shut down two methanol plants


Methanol Holdings closes two plants, offers VSEP to workers

PORT SPAIN
Petroleumworld.com 03 06 2017

OPEC challenge by U.S. shale once again

The Economist

A fit U.S. shale challenges OPEC. U.S. drillers plan to increase their spending in 2017 by 25%

WASHINGTON
Petroleumworld.com 03 03 2017

 

Venezuela the most miserable country-Bloomberg


These countries are getting more miserable this year. Venezuela tops the list once again.

WASHINGTON
Petroleumworld.com 03 03 2017

U.S. new Interior chief Ryan Zinke gets confirmed, will focus on energy

Zach Gibson/Bloomberg

Representative Ryan Zinke speaks during a Senate Energy and Natural Resources Committee confirmation hearing in Washington on Jan. 17, 2017. Trump has promised to remove 'obstacles' to energy exploration.

WASHINGTON
Petroleumworld.com 03 02 2017

With Ryan Zinke at the helm, the Interior Department is set to prioritize coal, oil and natural gas development over renewable projects on federal lands and waters.

Colombia's Cano Limon oil pipeline attacked by one guerrilla group as another disarms


Cano Limon attacked 17 times this year; ELN active in area

BOGOTA
Petroleumworld.com 03 02 2017

Shale and big oil efficiency against OPEC


BP and EOG test OPEC's beliefs

NEW YORK
Petroleumworld.com 03 01 2017

Kevin Ramnarine: Guyana - the new North Sea?


Indeed, the Guyana-Suriname basin may well be the “New North Sea”.

PORT SPAIN
Petroleumworld.com 03 01 2017

Former Saudi Oil Minister Ali al-Naimi now interested in solar

Ali Bin Ibrahim al-Naimi. Lisi Niesner/Bloomberg

The man who moved oil with his words won't talk about it anymore

SINGAPORE
Petroleumworld.com 02 27 2017

U.S. - Mexico energy relationship bound to flourish despite Trump's NAFTA renegociation

Omar Torres/AFP/Getty Images

Amid U.S.-Mexico acrimony, energy might present common ground and opportunity, analysts say

LOS ANGELES
Petroleumworld.com 02 27 2017

Oil giant ARAMCO worth more than 2 trillon?


Wood Mackenzie Ltd. came up with a rough valuation of Aramco's core business of $400 billion
.

LONDON/RIYADH
Petroleumworld.com 02 24 2017

US Secretary of State and Mexico's foreign minister share diplomatic dialogue amid tensions

Ronaldo Schemidt/AFP/Getty Images

Secretary of State Rex Tillerson (l), Mexican Foreign Minister Luis Videgaray Mexico's foreign minister has expressed "irritation" to President Donald Trump's envoys about recent US policies towards its southern neighbour.

MEXICO CITY
Petroleumworld.com 02 24 2017

Brazil's offshore oil new opening in the target of european big oil


Europe savors taste of brazilian oil with more blocks opening

RIO DE JANEIRO
Petroleumworld.com 02 23 2017

OPEC needs cuts `extended beyond may' to end glut-Total CEO


Pouyanne is convinced OPEC will extend deal beyond six months

LONDON/PARIS
Petroleumworld.com 02 23 2017

Oil could plunge to $30 a barrel unless OPEC hold cuts


Shale is creating price cap while OPEC has created a floor

LONDON
Petroleumworld.com 02 22 2017

Ecuador's presidential election to have a runoff -Official

TVE

Lenín Moreno set for faceoff with Guillermo Lasso

QUITO
Petroleumworld.com 02 22 2017

Saudi Arabia new records on oil output and exports for Year

RIYADH
Petroleumworld.com 02 21 2017

Ecuador maneuvers with vote count delayed until Wednesday, protests mount


Preliminary results show Moreno with 39.1%, Lasso with 28.3%

QUITO
Petroleumworld.com 02 21 2017

It's not record crude oil speculation that'll drive prices

LONG CRUDE

Feb. 3 '17 852.8 millions of barrels

OPEC's output deal sent speculative net long positions in both Brent and WTI to a record

LONDON
Petroleumworld.com 02 20 2017

Speculators have piled back into oil since OPEC announced output cuts in November. But don't be fooled into thinking that means prices are set to soar.

Latin America test in Ecuador, right or left ?


Moreno takes lead in Ecuador election but second round likely

QUITO/NEW YORK
Petroleumworld.com 02 20 2017

 

Mexico to the rescue of U.S. gas frackers


According to U.S. government data, gas pipeline shipments to Mexico reached 4.2 billion cubic feet per day already this year, up from 2.9 bcf/d in 2015.

NEW YORK
Petroleumworld.com 02 17 2017

Mexico, NAFTA and energy on the same side


No doubt about it: NAFTA favors Mexico when it comes to energy

NEW YORK
Petroleumworld.com 02 17 2017

 

Trump border tax could harm U.S.-Mexico energy trade


"We don't see this kind of a tax as a good idea," said Aldo Flores, Mexico's deputy energy minister for hydrocarbons.

MEXICO CITY
Petroleumworld.com 02 16 2017

Brazil's onshore oil, gas sectors have a chance with revitalization plan


The plan comes with set of incentive measures, intends to design an onshore rounds schedule, local content rule exemption, tax cuts and a policy supporting small producers.

RIO DE JANIERO
Petroleumworld.com 02 16 2017

 

Saudi Arabia is turning to wind and solar power


OPEC's top producer investing in solar and wind will reduce need to use oil in power plants

DUBAI
Petroleumworld.com 02 15 2017

China eyes Cuba as Venezuela fades and Trump looms

Reuters/Alexandre Meneghini

Chinese employees of Shanghai Electric company supervise the construction site of a biomass power station in Ciro Redondo, Cuba, February 9, 2017.

HAVANA
Petroleumworld.com 02 15 2017

Venezuela's Vice President blacklisted with narcotics ‘Kingpin" Act sanctions by U.S.


Vice President oversaw planes, ships exporting cocaine: U.S.

NEW YORK/WASHINGTON
Petroleumworld.com 02 14 2017

Oil down most in 3 weeks as OPEC cuts face rising U.S. shale drillers


EIA sees U.S. shale-oil output rising to 4.87m b/d in March

NEW YORK
Petroleumworld.com 02 14 2017

Julian Lee: OPEC's amazing and shortlived compliance


Data show 90% compliance with OPEC cuts lifted Brent by about 80 cents in 10 minutes

LONDON
Petroleumworld.com 02 13 2017

Petrobras $5.2 billion natural gas deal with Brookfield halted by court


Petrobras is taking the necessary legal steps to protect its interests and those of its shareholders, the Rio de Janeiro-based oil producer said in a statement .

RIO DE JANEIRO
Petroleumworld.com 02 13 2017

Qatar Petroleum world's top LNG producer now seeks international expansion

Reuters/Naseem Zeitoon

Saad al-Kaabi, chief executive of Qatar Petroleum. An energy giant bigger than Exxon in the shadow of Saudi Aramco

NEW YORK
Petroleumworld.com 02 10 2017

PDVSA falls behind on oil-for-loan deals with China, Russia

Delivery scheduled of refined products

Venezuela state oil company PDVSA is missing the boat on big oil shipments. The country's oil company has delayed massive deliveries to key Chinese and Russian customers, falling behind on oil-for-loan deals that have provided essential credit to the recession-wracked nation.

HOUSTON/CARACAS
Petroleumworld.com 02 10 2017

OPEC could need more oil cuts to re-balance market

Akos Stiller/Bloomberg

Qatar's Energy Minister Mohammed Al Sada said “We kept it open
to reconsider the rollover, and rollover is an option if needed,”...

NEW YORK/TEHRAN/DUBAI
Petroleumworld.com 02 09 2017

U.K. to receive its first America's LNG shipment from Peru, not the U.S.


LNG tanker Gallina en route to UK via Panama Canal, expansion has cut journey distance by two-thirds

WARSAW/LONDON
Petroleumworld.com 02 09 2017

 

Energy Transfer Partners LP moving foward with Keystone XL pipeline


Energy Transfer to get Dakota Access pipeline approval from U.S.; North Dakota-to-Illinois oil line seen operating in June.

NEW YORK/WASHINGTON
Petroleumworld.com 02 08 2017

Trump trade war could hurt oil, gas prices; fuel exports to Mexico

U.S. oil and gas prices may tumble on trump's ‘energy revolution'

NEW YORK
Petroleumworld.com 02 08 2017

Tareck El Aissami, Venezuela's new iron-fisted boss facing U.S. trafficking probe

Bloomberg/Carlos Becerra

Tareck El Aissami, Maduro's pick as his new vice president.

CARACAS
Petroleumworld.com 02 07 2017

East Mediterranean is sitting on huge reservoir of untapped gas


Vast gas finds can keep Europe warm if the arguing stops

JAFFA, Israel
Petroleumworld.com 02 07 2017

Vitol's top trader sees oil rattled as Trump makes market fret


Brent crude may trade between $52 and $62 a barrel this year

SINGAPORE
Petroleumworld.com 02 06 2017

Venezuela/PDVSA debt deadlines: Will oil cover February?


A default is becoming hard to avoid. How long can Venezuela /PDVSA continue to finance via arrears before converting into fixed U.S.-dollar liabilities?

NEW YORK
Petroleumworld.com 02 06 2017

 

OPEC cuts still under agreed target of oil output



Measure of volatility last month averaged lowest since 2014

LONDON
Petroleumworld.com 02 03 2017

PDVSA continue declining output with default in sight



Venezuela braces for oil production drop as default looms large

NEW YORK
Petroleumworld.com 02 03 2017

 

 

OPEC cuts still under agreed target of oil output



Measure of volatility last month averaged lowest since 2014

LONDON
Petroleumworld.com 02 03 2017

PDVSA continue declining output with default in sight



Venezuela braces for oil production drop as default looms large

NEW YORK
Petroleumworld.com 02 03 2017

U.S. could export as much as 800,000 barrels of crude oil a day in 2017

Bloomberg/Luke MacGregor

U.S. may export more oil in 2017 than four OPEC nations produce

NEW YORK
Petroleumworld.com 02 02 2017

Mexico should take care of 'bad hombres' or US might -Trump

AP/Pablo Martinez Monsivais

"You have a bunch of bad hombres down there," Trump told Pena Nieto, according to the excerpt given to AP. "You aren't doing enough to stop them. I think your military is scared. Our military isn't, so I just might send them down to take care of it."

WASHINGTON
Petroleumworld.com 02 02 2017

First-ever oil trade surplus U.S. with Latin America

WSJ/Eddie Seal

Oil tankers are loading in Corpus Christi, Texas, in December. Change spurred by soaring gasoline imports, led by Mexico,

HOUSTON/LONDON
Petroleumworld.com 02 01 2017

Oil output drop holds Mexico's growth


Mexico's growth slows as oil output drop outweighs services

MEXICO CITY
Petroleumworld.com 02 01 2017

Asian demand for Mexican crude to rise due to Trump's border tax


Trump's border tax could further reduce Mexico oil's U.S. ties


MEXICO CITY

Petroleumworld.com 01 31 2017

Oil industry affected by Trump's ban, Halliburton workers to stay put


Energy braces for Trump ban fallout as Halliburton advises affected workers not to come to the U.S.

HOUSTON
Petroleumworld.com 01 31 2017

 

OPEC cuts working, money managers most optimistic


Money managers' WTI net-long positions rise to record: CFTC

NEW YORK
Petroleumworld.com 01 30 2017

U.S. gas exports could survive Trump's Mexico clash



Pipeline exports to Mexico have doubled in two years.


NEW YORK

Petroleumworld.com 01 30 2017

Border wall tax on mexican crude oil would add 30 cents a gallon for U.S. drivers


Tax could be used on any country with trade deficit

CHICAGO/HOUSTON
Petroleumworld.com 01 27 2017

Fuel subsidies out in Latin America in a move to fiscal austerity


Latin America killing fuel subsidies. Brazil, Argentina and Mexico join Colombia in market prices.

RIO DE JANEIRO
Petroleumworld.com 01 27 2017

 

Big oil finances at $50-a-barrel crude turn positive


Oil supermajors' debt from the crude collapse may have peaked

LONDON
Petroleumworld.com 01 26 2017

Venezuela's PDVSA oil stuck at sea in dirty tankers

Dave Walsh

Millions of barrels of venezuelan crude and fuels are held on tankers across the Caribbean

HOUSTON/PUNTO FIJO, VENEZUELA
Petroleumworld.com 01 26 2017

 

President Trump breathes new life into Canada-US Keystone XL pipeline


Oil industry hopes for more as Trump reverses Obama Policies

NEW YORK
Petroleumworld.com 01 25 2017

Trump to lay out steps on Mexico and national security


Trump to unveil plans for Mexico border wall and limiting refugees' entry

WASHINGTON
Petroleumworld.com 01 25 2017

 

Russia China's top crude oil supplier in 2016, Saudi Arabia second


Russia beats Saudi Arabia as China's top crude oil supplier in 2016

BEIJING
Petroleumworld.com 01 24 2017

Zero compensation for Odebrecht for Gas del Sur pipeline Peru says


The government plans to cash in a $262 million guarantee from the consortium for not fulfilling its contractual obligations

LIMA
Petroleumworld.com 01 24 2017

 

Venezuela in collapse, 2016 inflation hits 800 pct, GDP contracts nearly 19 pct


The oil sector, which provides nearly all of Venezuela's hard currency, in 2016 shrank 12.7 percent, according to an excerpt of a document containing the figures that was shown to Reuters. The non-oil sector shrank by 19.5 percent, according to the document.

CARACAS
Petroleumworld.com 01 23 2017

Canadian court rejects, blocked enforcement of Ecuador judgment on Chevron


The Ontario Superior Court of Justice ruled Chevron Canada Ltd is a separate entity from Chevron Corp, and is thus not a debtor to the Ecuadorian judgment.

CALGARY
Petroleumworld.com 01 23 2017

 

 

Saudi oil exports soared ahead of OPEC cut


Exports surged to 8.26 million barrels a day, most since 2003

DUBAI
Petroleumworld.com 01 20 2017

Brazil plans two subsalt auctions in 2017, and three 2018 - Mines & Energy Ministry


16-streamer spread being towed by the Geo Caspian. Brazil will hold two tenders for subsalt oil exploration this year in the first auctions of such offshore layers since 2013.

BRASILIA
Petroleumworld.com 01 20 2017

 

Oil majors on green light for acquisition as outlook turns positive

Reuters/G. Cabrera

Oil majors finding renew appetite for acquisitions after two year rout, targeting small explorers and developers to grow their oil and gas reserves and future production

LONDON
Petroleumworld.com 01 19 2017

Tillerson finding U.S. Senate confirmation tougher than thought-Trump

The New York Times / Doug Mills

Rex W. Tillerson, the nominee for secretary of state, at his Senate confirmation hearing. "I think it's tougher than he thought," Trump told the crowd during a VIP dinner attended together Vice President-elect Mike Pence.

WASHINGTON
Petroleumworld.com 01 19 2017

With Exxon Mobil major discovery, Guyana is poised to become a top oil player

Exxon Mobil

Drill Shipp Stena Carron off the shore of Guyana. Experts are estimating there are billions of barrels of oil mixed with natural gas in the region.

HOUSTON
Petroleumworld.com 01 18 2017

US, Cuba, Mexico to sign 'Doughnut Hole' deal in Gulf waters


The accord will cover the Eastern Gap of the Gulf of Mexico, an area believed to be rich in oil and gas deposits.

MEXICO CITY
Petroleumworld.com 01 18 2017

 

China's output declining helping OPEC unintentionally


China's oil collapse seen production dropping as much as 7% this year


HONG KONG
Petroleumworld.com 01 17 2017

PetroSaudi's and Venezuelan PDVSA JV shady & fraudulent deals


PETROSAUDI Saturn Discoverer drill ship. The Saturn contract allowed for a staggering $485,000 fee payable per day on a fixed contract for seven years – at least double the market rate.

LONDON
Petroleumworld.com 01 17 2017

 

OPEC unlikely to deliver all promised oil cuts


Despite Saudi signals, "Compliance won't be 100 percent, it never is,"
said an OPEC source.

LONDON/ABU DHABI
Petroleumworld.com 01 16 2017

Mexico's Maya crude sold to U.S. West Coast for first time since 2008


Pemex has for years sought to diversify its crude export markets away from U.S. Gulf Coast refiners

MEXICO CITY
Petroleumworld.com 01 16 2017

Prices in 2017 $55-60, 2018 rise as downside risks fall-Kemp


See Survey: Reuters Oil outlook survey 2017-2021

LONDON
Petroleumworld.com 01 13 2017

PDVSA foresee oil output in 2017 near historic lows


Russian Production & Stakes in Venezuelan Oil Projects. Even moderately higher oil prices in 2017 will not make much difference for Venezuela, a colossal government mismanagement in PDVSA E&P set Venezuela's oil production to historic lows in 2016.

CARACAS
Petroleumworld.com 01 13 2017

Brazil's Petrobras to invest $19 bln in 2017


Petrobras to regain its investment capacity

RIO DE JANEIRO
Petroleumworld.com 01 12 2017

Oil majors set for biggest production gains since start of decade


Big oil hits sweet spot as projects reap rewards of recovery

LONDON
Petroleumworld.com 01 12 2017

Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts.

 

Argentina Vaca Muerta shale on new labor conditions to attract investment


Argentina clinches deal to attract investment in Vaca Muerta shale

BUENOS AIRES
Petroleumworld.com 01 11 2017

Pemex says protests cause 'critical' border city fuel shortage


Pemex ability to supply gas stations in Mexicali, had reached "critical levels" because of the blockade of its key local storage plant.

MEXICO CITY
Petroleumworld.com 01 11 2017

 

 

United States, Cuba rush to sign oil spill deal before Trump takes office


HAVANA
Petroleumworld.com 01 10 2017

U.S. nuclear closure of Indian Point site points to economic meltdown

Reuters/Mike Segar

The Indian Point nuclear power plant in Buchanan, New York, is seen from across the Hudson River, April 6, 2010. Entergy Corp. canceled the planned spinoff of several of its nuclear power plants after hitting regulatory hurdles in New York.

NEW YORK
Petroleumworld.com 01 10 2017

 

Iran exploit on OPEC oil cut to sell millions of barrels

Tasnim/Reza Halami

Iran capitalises has his exempted from OPEC output cut agreement looks to push into new European markets

LONDON
Petroleumworld.com 01 09 2017

"No to the gasoline price hike, Pena out," protesters yelled as they marched in Mexico city

Reuters/Edgard Garrido

Protesters march during a demonstration against the rising prices of gasoline enforced by the Mexican government at downtown in Mexico City, Mexico, January 7, 2017. The sin reads, 'Out Pena. No more high prices of gasoline'.

LIMA
Petroleumworld.com 01 09 2017

 

Venezuelan successfull oil negociator rewarded to focus in maddening PDVSA production


When Del Pino was appointed oil minister back in August 2015. His mission was simple
-- to persuade fellow OPEC members to reverse the market share strategy that had
been introduced by Saudi Arabia nine months earlier
.

LONDON
Petroleumworld.com 01 06 2017

Peru to received an initial $8.9 mln from Odebrecht in bribery case


Odebrecht and Peru prosecutors strike initial deal in graft case

LIMA
Petroleumworld.com 01 06 2017

 

Pena Nieto confirms Videgaray as Mexico's new foreign minister


Mexico names Trump's ‘Wonderful Man' as Foreign Minister

MEXICO CITY
Petroleumworld.com 01 05 2017

Mexican gasolinazo gas price hike spurs looting, blockades as unrest spreads


Mexico wakes up to new year, new gas prices

MEXICO CITY
Petroleumworld.com 01 05 2017

Moody's: Global oil, natural gas prices to remain volatile in 2017

Reuters/Sergei Karpukhin

Moody's Investors Service said in a press release that global oil and natural gas prices are expected to remain volatile again in 2017.

WASHINGTON
Petroleumworld.com 01 04 2017
- story

Analysts bullish on 2017 Natural Gas prices


Some analysts see bullish case on Mexico pipelines, LNG export

NEW YORK
Petroleumworld.com 01 04 2017
- story

Renova Energia to sell brazilian wind farm to AES Corp for up to $214 million


Brazil's Renova to sell 386MW Alto Sertão II wind complex in the northeastern state of Bahia

SAO PAULO
Petroleumworld.com 01 03 2017
- story

29 international companies to bid for Iran oil, gas projects


Iran discloses giants eligible for new oil plans

DUBAI
Petroleumworld.com 01 03 2017
- story

Oil ends year down, but with largest annual percentage gain since 2009

Source: CME Group. 

Oil to face $60/barrel price cap in 2017 - Reuters poll

KINGSTON, Ontario
Petroleumworld.com 01 02 2017
- story

Iran and India eye a refinery deal in northern Brazil


Northern state of Maranhao offers 5,000-acre site for refinery (MA).
Petrobras plans refineries in
Bacabeira (Maranhao's State).

BRASILIA
Petroleumworld.com 01 02 2017
- story

 

 

 


 

 

 

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