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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

 

"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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