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TOP NEWS 2021
AFP/Rodrigo Buendia

65-year-old Guillermo Lasso is the new president of Ecuador. Leftist candidate Andrés Arauz conceded defeat.
- Guillermo Lasso, 65, will be sworn in as President in May
- Win by pro-market Lasso reassures bondholders amid IMF plan
By Stephan Kueffner/Bloomberg
Quito
Petroleumworld 04 12 2021
Jamaica Gleanner

Jamaica pulled into ConocoPhillips, Venezuela battle
By Huntley Medley/Jamaica Gleaner
Kingston
Petroleumworld 04 12 2021
Marcos Corrêa / PR

Brazil's Bolsonaro warns of potential changes to Petrobras' fuel-price policy
- Import-price parity could be revised
- Shareholders to vote on new CEO April 12
By Jeff Fick/Platts
RIO
Petroleumworld 04 09 2021
CARACAS
Petroleumworld 04 09 2021
Bloomberg

- Kohut pleaded guilty to aiding bribes for Ecuador oil deals
- Unsealed documents reveal secretly recorded conversations
By Patricia Hurtado and Andy Hoffman/Bloomberg
NEW YORK /GENEVA
Petroleumworld 04 08 2021
AFP

Guillermo Lasso y Andrés Arauz
- Lasso says he'll strengthen investor confidence
- Andres Arauz has pledged to continue open-pit mining
By Stephan Kueffner/Bloomberg
QUITO
Petroleumworld 04 08 2021
cuartoscuro
“We are going to review their permits and act accordingly,” Energy minister said.
- Energy Minister Rocio Nahle says she will review fuel permits
- A new fuel bill in congress seeks to give Pemex more control
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 04 07 2021
Simon Jacques

U.S. prosecutors in Brooklyn, New York, outlined a years-long scheme involving Kohut and “others,”
along with the energy company Kohut worked for. T
- Kohut admits to plot to pay more than $22 million in bribes
- A new fuel bill in congress seeks to give Pemex more control
By Patricia Hurtado and Andy Hoffman/Bloomberg
NEW YORK /GENEVA
Petroleumworld 04 07 2021
Brazil's watchdog TCU looking at Petrobras refinery sale over price
Petrobras

Petrobras refinery sale under price scrutiny by The TCU, an administrative court that oversees federal spending
By Nathan Walters/Argus
RIO
Petroleumworld 04 06 2021
brecorder.com

KKR to buy stake in Sempra U.S. infrastructure for $3.37 billion
- Sempra will use proceeds to fund growth of its U.S. utilities
- Move comes as Sempra pushes to simplify corporate structure
By Simon Casey and Josh Saul/Bloomberg
NEW YORK
Petroleumworld 04 06 2021
Petrobras sets monthly ULSD sales record in March
axi-international.com

ULSD sales reach 416,000 b/d
- Tops record set in October
- Refinery utilization at 80%
By Jeff Fick/Platts
RIO
Petroleumworld 04 05 2021
Argentina to incentive gas output, LNG imports to raise
excelerateenergy.com

A second FSRU may be brought in to meet peak demand
- Producers are reviving gas drilling, minister says
- Pricing incentives have improved profit margins
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 04 05 2021
Listen: Boosting oil production, environmental commitments pose dual challenges for Pemex
Edgard Garrido/Reuters

Mexico's President Andres Manuel Lopez Obrador gestures as he speaks during a news conference at
the National Palace, in Mexico City, Mexico.
By Reuters
MEXICO CITY
Petroleumworld 04 02 2021
CARACAS
Petroleumworld 04 01 2021
Brazil's PPSA to auction designate pre-salt oil marketer in April
PPSA

Brazil to designate pre-salt oil marketer in April
By Nathan Walters/Argus
RIO
Petroleumworld 04 01 2021
Sarah Pabst/Bloomberg

Axel Kicillof Argentina's bondholders' old foe now governor of Buenos Aires.
- Largest Argentine province, run by Kicillof, sued by creditors
- Kicillof says bondholders are “unsupportive, intransigent”
By Jorgelina Do Rosario and Carolina Millan/Bloomberg
BUENOS AIRES
Petroleumworld 04 01 2021
Brazil's pandemic rages while military chiefs exit in new turmoil for Bolsonaro
France 24

Brazil on surpassed 300,000 coronavirus deaths and more than three million cases of infection.
- Army, Navy and Air Force chiefs resign
- Covid-related deaths soar past 300,000
By Nathan Walters and Patricia Garip/Argus
RIO/BOGOTA
Petroleumworld 03 31 2021
Epitacio Pessoa / Bloomberg

Ex-Braskem CEO to Plead Guilty in $250 Million Bribery Case
- Jose Carlos Grubisich accused of bribing Brazilian officials
- Case is related to massive fraud prosecution of Odebrecht
By Patricia Hurtado/Bloomberg
NEW YORK
Petroleumworld 03 31 2021
Mexico's AMLO says moving to restore order to nation fuel import markets
FT montage / Bloomberg

Mexican President Andres Manuel Lopez Obrador's (AMLO) bill resembles previously blocked proposals.
- Amendments would require companies to secure storage to obtain import permits
- Permits could be cancelled by regulator under national security concerns
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 30 2021.
MarsBars/GettyImages

Venezuelan President Maduro offers ‘oil for vaccines' as country sees spike in Covid-19 cases -RT
- Maduro aims to sideline the country's opposition
- Venezuela's opposition is ready to pay for vaccines through the WHO's COVAX program
By Luc Cohen/Reuters
NEW YORK
Petroleumworld 03 30 2021
dataurgente.com

For Andres Manuel Lopez Obrador, the new energy law is the center of his strategy to keep control of
congress in midterm elections just two months away.
- Bill would be biggest blow yet to landmark energy reforms
- Courts foiled past attempts to regain state energy dominance
By Max De Haldevang, Amy Stillman, and Justin Villamil/Bloomberg
MEXICO CITY
Petroleumworld 03 29 2021
Interconexion Electrica SA

Bernardo Vargas
- ISA plans to sell $400 million in bonds overseas before summer
- Colombia-based company expects to sell Telecom unit this year
By Andrea Jaramillo and Oscar Medina/Bloomberg
MEXICO CITY
Petroleumworld 03 29 2021
AMLO exploit Texas freeze to push Mexico's nationalist energy agenda
Luis Torres/EPA-EFE

Residents wait to fill containers with purified water after a power failure in the state of Chihuahua, Mexico,
last month.
- Outages south of the U.S. border perfect for the president's to put the electricity
sector back in the hands of the state.
- Renewable energy developers I've invested almost $30 billion over the past decade.
By Amy Stillman and Sergio Chapa /Bloomberg
MEXICO CITY
Petroleumworld 03 26 2021
Andre Coelho/Bloomberg

Workers fuel vehicles at a Petrobras station in Rio de Janeiro.
- Addicted to cheap fuel, emerging markets face a climate dilemma
- Rising oil prices are testing the developing world's resolve to quit fossil fuels.
By Peter Millard/Bloomberg
RIO
Petroleumworld 03 26 2021
Talos Energy

Pemex Talks With Talos Over Zama Oil Field May Miss Deadline
- Talks over unification with Pemex field may last for weeks
- Talos consortium and Pemex discuss merger of nearby oil fields
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 03 25 2021
- Sees 4th, 5th Guyana FPSOs online in 2025-26
- Oil price breakevens for first 3 phases around $25-$35/b
By Starr Spencer/Platts
HOUSTON
Petroleumworld 03 242021
Mexico's energy sector on hold as energy counter-reform moves on
MEXICO OIL OUTPUT GROWTH PROSPECTS

S&PGlobal Platts Analytics
- AMLO has consistently worked to undo a reform passed by his predecessor
- Companies are trying to do the minimum amount of activities allowed in their contracts
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 242021
Wilson Dias/Agência Brasil

Luiz Inacio Lula da Silva (L) and Sergio Moro
- Ruling could upend other Carwash sentences by Sergio Moro
- In last-minute vote reversal, Supreme Court says Moro biased
By Simone Preissler Iglesias and Andrew Rosatir/Bloomberg
BRASILIA/RIO
Petroleumworld 03 24 2021
Jagua EP

Gas Upstart Jaguar Wants to Help Mexico Depend Less on Texas
- Driller tapping blocks in Burgos and Tampico-Misantla basins.
- Jaguar expects output of 15 million cubic feet of gas mid-year
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 03 23 2021
Latin American Herald Tribune

Cisneros Group
- Scion of billionaire family hunts for cheap assets in Venezuela.
- Eduardo Cisneros has raised over $200 million to invest
- As Maduro opens up the economy, high-risk opportunities emerge
By Patricia Laya and Nicolle Yapur/Bloomberg
CARACAS
Petroleumworld 03 23 2021
voce.com.ve

Drawn by promises of privatization and more autonomy to tap the world's biggest crude
- In Caracas, petro executives are lining up meetings with the Nicolas Maduro regime
- Major oil companies would probably wait for sanctions to be lifted regardless
By Fabiola Zerpa and Ben Bartenstein/Bloomberg
CARACAS/NEW YORK
Petroleumworld 03 22 2021
Ueslei Marcelino/Reuters
President Andres Manuel Lopez Obrador says top court should rule
By Adriana Barrera/Reuters
MEXICO CITY
Petroleumworld 03 22 2021
Jesus R. Cuevas/eleconomista.com.mx

El presidente López Obrador(AMLO) afirmó que continuará la reducción de la carga impositiva de la petrolera estatal.
Por Andrea Navarro/Bloomberg
CIUDAD DE MÉXICO
Petroleumworld 19 03 2021
Reuters

Camiones se alinean a lo largo de una avenida para llenar sus tanques en una gasolinera como parte
de la creciente escasez de diesel en Caracas, Venezuela, el 5 de marzo
Por EFE
CARACAS
Petroleumworld 19 03 2021
Jonathan Bachman/Reuters

The logo of PDVSA's U.S. unit Citgo Petroleum is seen at a gas station in Stowell, Texas, U.S., June 12, 2018.
- Venezuelan ministers were informed of deal 'Citgo Six' were jailed for, documents show
- Maduro using the jailed executives as bargaining chips to get concessions from the U.S.
By Luc Cohen/Reuters
NEW YORK
Petroleumworld 03 18 2021
- First of three hikes to total 15% this year
- Revenue to help fund $2.7 billion investment program
By Charles Newbery /Platts
BUENOS AIRES
Petroleumworld 03 18 2021
Stock

President Lopez Obrador to strengthen state power company Comision Federal de Electricidad, or CFE
- $4.1 billion in Canadian assets could be stranded: official
- Move puts Mexico at odds with U.S., Canada on climate change
By Kait Bolongaro/Bloomberg
OTTAWA
Petroleumworld 03 17 2021
Stock

American Drillers Line Up to Unlock Colombian Copper Riches
- Government is offering exploration blocks in bidding process
- Nation also plans renewable energy auction in second half
By Oscar Medina/Bloomberg
BOGOTA
Petroleumworld 03 17 2021
Mexico's new oil discovery taken cautiously amid hurdles
CNH

- Pemex expected to announce discovery on March 18
- Premature to speak about success, observers say
- Potential resources comparable to those found at Quesqui, Ixachi.
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 16 2021
exitosanoticias.pe

Lescano, Presidential front-runner and leader of the Popular Action party said he hopes to lower the cost
of natural gas and support the construction of a gas pipeline between Bolivia and Peru.
By Marco Aquino/Reuters
LIMA
Petroleumworld 03 16 2021
Alejandro Cegarra/ Bloomberg

Pemex CEO Octavio Romero touts discovery of possible billion-barrel field
- New field may contain about 1 billion to 2 billion barrels
- Pemex chief Octavio Romero speaks in interview on Sunday night
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 03 15 2021
- Ideological charge unavoidable, but technical expertise needed
- Regulatory stability key for investments
By Sheky Espejo/Platts
HOUSTON
Petroleumworld 03 15 2021
energyforward

The two-day-old electricity law suspended in Mexico court
- Federal court said the suspension should apply nationwide
- Decisions are setback for Lopez Obrador's push to protect CFE
By Justin Villamil/Bloomberg
MEXICO CITY
Petroleumworld 03 12 2021
Bloomberg

A person looks at a new fuel pump at a VIA Petroleos de Venezuela SA (PDVSA) gas station in Caracas, Venezuela
- Venezuela's new stations offer fuel, liquor to those who can pay
- A plan to dodge U.S. sanctions via fuel distribution to local entrepreneurs
By Fabiola Zerpa/Bloomberg
CARACAS
Petroleumworld 03 12 2021
Patricia Monteiro/Bloomberg

A gas drilling rig in the Vaca Muerta formation.
- Natural gas fracking could be its ticket out of a years-long economic crisis,
but it jeopardizes a promise to wipe out emissions by 2050.
By Jonathan Gilbert and Laura Millan Lombrana/Bloomberg
BUENOS AIRES
Petroleumworld 03 11 2021
- Drilling of Keskesi East-1 well halted after excess pressure hikes
- Next well in the exploration queue is Bonboni
By Jordan Blum/Platts
HOUSTON
Petroleumworld 03 10 2021
Patricia Monteiro/Bloomberg

Brazil's top court may upend Carwash graft convictions after Supreme Court Justice Edson Fachin
annulled former judge Sergio Moro's 2017 convictions of the former president Lula da Silva.
- Court ruling on whether star ex-judge Moro acted impartially
- Panel of 5 justices was tied 2x2 before session suspended
By Simone Preissler Iglesias and Samy Adghirni/Bloomberg
RIO/BRASILIA
Petroleumworld 03 10 2021
- PetroEcuador to drill 72 wells at Ishpingo
- State oil company to drill 8 wells at Tambococha
- Ishpingo wells to produce up to 3,000 b/d.
By Alex Emery/Platts
LIMA
Petroleumworld 03 10 2021
Getty

Petrobras commits to parity with imports
- Increase keeps pace with rising oil prices
- Import prices currently higher than wholesale
By Jeff Flick /Platts
RIO
Petroleumworld 03 09 2021
Source: World Resources Institute estimates
By Max De Haldevang/Bloomberg
MEXICO CITY
Petroleumworld 03 09 2021
Source: Valero

Valerio could shift from rail to ships as main import route
- Company to reach 6 million barrels of storage in 2022
- Demand picking up slowly
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 08 2021
Alvin Baez/Reuters

Installations of the Limetree Bay petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017
when they were owned by Hovensa.
By Laura Sanicola/Reuters
NEW YORK
Petroleumworld 03 08 2021
SETBACK
Virus surge chokes fuel use in top U.S. buyers Mexico and Brazil

- Both nations are big markets for U.S. diesel and gasoline
- Countries reimposed lockdown measures amid slow vaccination
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 03 05 2021
Mexico Energy Outlook SENER's Forecast

Judicialization bad for the country in times of needed investments
- Presidential initiative approved by majority in Senate
- Companies and associations expected to object
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 05 2021
Dept of State

Secretary of State Antony J. Blinken
- Representatives want Biden to make priority of ousting Maduro
- Special envoy post remains vacant as regime remains in power
By Nick Wadhams/Bloomberg
WASHINGTON
Petroleumworld 03 04 2021
CERAWeek-IHS Markit

Mexico to continue importing gas from US despite reserves
- Ecopetrol increasing gas participation to 35% of upstream portfolio by 2030
- Brazil concentrating on ultra-deepwater; laying ground for gas investments
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 03 2021
CERAWeek-IHS Markit

"This can be the largest expansion of an energy matrix base on non-conventional renewables," -Ivan Duque,
President of Colombia
- Colombia aiming to become main investment target in Latin America
- Country to increase renewables contribution to 14% of generation
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 03 03 2021
- Acceleration on $1.6 billion of notes foretells legal battle
- Some $60 billion of Venezuelan debt remains in default
By Nicolle Yapur and Maria Elena Vizcaino/Bloomberg
CARACAS/NEW YORK
Petroleumworld 03 03 2021
- The U.S. blacklisted Elemento and Swissoil for helping Maduro
- Shipments fell 13% in February, most of it going to China
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 03 02 2021
Elusive Profits
Ancap exits a lost decade marred by bad investments, pandemic.
- Uruguay seeks investors for first hydrogen pilot project
- Country may have hydrogen-export capability by end of decade
By Ken Parks/Bloomberg
MONTEVIDEO
Petroleumworld 03 02 2021
Pemex
- Fourth-quarter production rose to 1.68 million barrels a day
- State company will get about $5 billion in federal aid
By Amy Stillman/Bloomberg
RIO
Petroleumworld 03 01 2021
Ecopetrol CEO defends $4 billion the electric utility deal that unnerved investors
F. Carter Smith/Bloomberg

Felipe Bayon Pardo, chief executive officer of Ecopetrol SA, speaks during the 2019 CERAWeek by IHS
Markit conference in Houston, Texas, U.S., on Tuesday, March 12, 2019.
- Colombian oil company seeking majority stake in power firm ISA
- “I'm convinced this is a good business,” Felipe Bayon says
By Ezra Fieser and Oscar Medina/Bloomberg
BOGOTA
Petroleumworld 03 01 2021
AFP
Jair Bolsonaro y Joaquim Silva e Luna, en 2018.
- Silva e Luna, nominated by Bolsonaro, is ex-Defense Minister
- Investors dumped Petrobras assets on intervention concerns
By Peter Millard and Samy Adghirni/Bloomberg
RIO
Petroleumworld 02 26 2021
EIA

Ecopetrol and partner Oxy to drill 90 wells in 2021
- Also anticipates 2025 start to Brazil production
- Overall crude production slides 3.9% in 2020
By Chris Kraul/Platts
BOGOTA
Petroleumworld 02 26 2021
ITAIPU
Joaquim Silva e Luna
- Joaquim Silva e Luna speaks in an interview after nomination
- Brazil needs less fuel price volatility, while avoiding losses
By Peter Millard and Samy Adghirni/Bloomberg
RIO
Petroleumworld 02 25 2021
Creative commons

Mexico might find it hard to meet Paris agreement obligations
- Lower House of Congress approved presidential initiative by majority
- Bill sent to Senate for vote; outcome expected in weeks
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 02 25 2021
- The real and Ibovespa index lead losses among major countries
- Oil giant down 21% as trading volume surges after CEO change
By Aline Oyamada/Bloomberg
SAO PAULO
Petroleumworld 02 24 2021
teekay.com

Petrojarl I FPSO.
- Shutdown to replace oil heaters
- Second well to be operational in Q1
- Well producing about 10,400 b/d
By Jeff Fick/Platts
RIO
Petroleumworld 02 24 2021
- Fiscal stimulus of 14% will be applied to tax on hydrocarbons
- Pemex's debt of $110 billion is the highest of any oil company
By Amy Stillman and Eric Martin/Bloomberg
MEXICO CITY
Petroleumworld 02 23 2021
Petrobras Craters, Real Falls in Brazil's Worst Rout in Months
- Analysts downgrade stock after President named new CEO
- Interference risk might delay sale of the company's refineries
By Vinicius Andrade/Bloomberg
SAO PAULO
Petroleumworld 02 23 2021
Default risk mispricing in Pemex's bonds -traders

- Pemex’s output is at the lowest level in over four decades
- Finance minister says government’s support is unwavering
By Justin Villamil and Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 02 22 2021
Fuel prices move Bolsonaro to replace Petrobras CEO with a General
br.advfn.com

General Joaquim Silva e Luna, a former defense minister and CEO of the Itaipu hydroelectric dam.
- Brazil leader had been at odds with Petrobras over fuel prices
- Concerns about a general shift away from market policies grow
By Peter Millard, Marisa Castellani, and Patricia Xavier/Bloomberg
RIO/BRASILIA
Petroleumworld 02 22 2021
Mexico's officials push for Texas restoring energy exports
Ron Jenkins/Getty

Texas energy freeze stretches to sixth day, raises Mexico's ire
- Texas Governor ban interstate or cross-border shipments.
- Exports of natural gas via pipeline dropping off 75%
By Jeniffer Hiller/Reuters
HOUSTON
Petroleumworld 02 18 2021
Mexico to help Pemex in debt reduccion, tax, finances
Alejandro Cegarra/Bloomberg

Mexico to Announce ‘Significant' Aid for Pemex -Arturo Herrera, Finance Minister
- Government to reduce state oil giant's tax burden in 2021
- Government will work on Pemex debt situation in coming weeks
By Max De Haldevang/Bloomberg
MEXICO CITY
Petroleumworld 02 18 2021
- Country considering policy to increase production
- No permanent impact on fuels market
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 02 17 2021
PDVSA breaks up LPG black market scheme
pdvsa

The average poor Venezuelan family traditionally uses at least two canisters per month for cooking.
- The head of PDVSA Gas Comunal arrested
- More senior figures in PDVSA are involved
By Argus
CARACAS
Petroleumworld 02 17 2021
Texas power blackouts spill next door, Mexico blames U.S.
Bloomberg

U.S. Energy Crisis Deepens With Nearly 5 Million in the Dark. Mexico Blames U.S. as Energy Crisis Spills
Across the Border
- Mexico says 4.77 million homes and businesses lost power
- Blackouts are ‘why Mexico must seek autonomy’: state utility
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 02 16 2021
PORT SPAIN
Petroleumworld 02 16 2021
As nation starves bankrupted by Socialism,Venezuela cedes control of companies

More than 5 million Venezuelans have left in a desperate attempt to avoid ruin.
- Investors join with public food companies
- New managers expected to hand over part of production, profits
By Fabiola Zerpa and Nicolle Yapur/Bloomberg
CARACAS
Petroleumworld 02 15 2021
- National Electoral Council brokers recount in 17 provinces
- Recount to decide who faces Andres Arauz in April 11 runoff
By Stephan Kueffner/Bloomberg
QUITO
Petroleumworld 02 15 2021
YPF out of default with 60% support for key bond swap

- Government to give access to dollars to pay rest of 2021 notes
- Results give YPF $630 million in debt relief through 2022
By Scott Squires and Jonathan Gilbert/Bloomberg
BUENOS AIRES
Petroleumworld 02 12 2021
MEXICO CITY
Petroleumworld 02 12 2021
AMLO's new Mexico energy reform might increase prices and emissions
Source: BNEF

The growing share of renewables has helped cut wholesale electricity prices by 69% over that time frame.
- Wholesale power prices declined by 69% from 2018 to 2020
- Energy from Mexico's power auctions is cheaper than CFE Plants
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 02 11 2021
- Sanctions lifting would release 500,000 b/d of crude
- Guyana provides potential return of Caribbean Suezmax business
By Nicole Baquerizo, Catherine Wood, Barbara Troner /Platts
HOUSTON
Petroleumworld 02 11 2021
Pemex workers deaths up on new Covid-19 wave
Bloomberg

- Death toll rose at fastest rate since August last month
- A total of 472 employees and 13 contractors have died to date
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 02 09 2021
Ecuador 2nd place vote count still on, bonds plunge

- Second round of presidential election scheduled for April 11
- Indigenous candidate unexpectedly leads race for second place
By Stephan Kueffner, Ben Bartenstein, Sydney Maki/Bloomberg
QUITO/NEW YORK
Petroleumworld 02 09 2021
Ecuador on election runoff as indigenous candidate Yaku Perez take second place
AFP

Andres Arauz (center) leads in the first round of Ecuador's elections, while Yaku Perez (left) and
Guillermo Lasso are competing for second place.
- Second round of presidential election scheduled for April 11
- Socialist canditate led with 32.2% of votes
By Stephan Kueffner/Bloomberg
QUITO
Petroleumworld 02 08 2021
Colombian govt will negociate with Ecopetrol for power giant ISA
rumbominero.com

Colombia's ISA Group, the state-owned holding company that owns a high-voltage transmission network
of nearly 40,600 kilometers, deployed in Colombia, Peru, Bolivia and Brazil. 40,600 kilometers, deployed in
Colombia, Peru, Bolivia and Brazil.
- Finance Ministry and oil firm to enter exclusivity contract
- Ecopetrol made offer for government's 51.4% stake in ISA
By Ezra Feiser/Bloomberg
BOGOTA
Petroleumworld 02 08 2021
AMLO's electricity revamp in doubt, Mexico's supreme court ruling a setback
researchandmarkets.com

Mexico business group says CFE bill is ‘indirect expropriation'
- Supreme Court ruled against new electricity regulations
- Decision could impact president's bill to give CFE preference
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 02 05 2021
- Either accept aid from the international financial comunity
- Or return to socialism
By Stephan Kueffner and Sydney Maki/Bloomberg
QUITO
Petroleumworld 02 05 2021
Mexico's senate leader open to debate new energy bill with private companies
Bloomberg
Mexico's ruling party senate leader Ricardo Monreal said a new government bill that would favor the state utility over private investors requires dialogue with the companies to ease their heavy opposition and avoid ending in lawsuits. - Video
- Electricity bill can change with investor input, Monreal says
- Reforms on outsourcing, regulation on hold until midterms
By Max De Haldevang and Michael O'Boyle/Bloomberg
MEXICO CITY
Petroleumworld 02 04 2021
- YPF was the most active fracker
- Vista Oil & Gas trailed, followed by Tecpetrol and Pluspetrol
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 02 02 2021
YPF bondholders divided on debt offer as deadline near

- Clifford Chance group says it wants more cash up front in swap
- Another group approved of YPF's latest changes, supports offer
By Scott Squires and Jonathan Gilbert/Bloomberg
BUENOS AIRES
Petroleumworld 02 03 2021
By Nathan Walters /Argus
RIO
Petroleumworld 02 03 2021
PDVSA January crude production up by 100,000 b/d to 520,000 b/d
EIA

Venezuela's Orinoco Belt production rose to 290,000 b/d
- Output in Monagas state was 150,000 b/d, while Zulia-Trujillo registered 80,000 b/d
- Petropiar operating at 27% capacity , Petromonagas at 49% and Sinovensa at 48%
By Mery Mogollon/Platts
CARACAS
Petroleumworld 02 02 2021
By Diana Delgado/Argus
BOGOTA
Petroleumworld 02 02 2021
Petrobras makes new subsalt discovery in Campos Basin subsalt C-M-411 block
Wiki

Urissane find made in C-M-411 block about 200 km offshore in waters that are 2,950 meters deep
- Block acquired at 14th bid round
- Petrobras holds 50% operating stake
By Jeff Fick/Platts
RIO
Petroleumworld 02 01 2021
Guyana warns of Venezuela intentions as Maduro regime seize fishing vessels
ONSA-Venezuela

Two Guyanese registered fishing vessels – the Lady Nayera and the Sea Wolf – operating off Waini Point,
were intercepted by Venezuelan naval vessel Commandante Hugo Chavez GC 24 on Thursday January 21,
2021. There are reports that Venezuela's navy has seized another fishing vessel.
By Canute James/Platts
PORT SPAIN
Petroleumworld 02 01 2021
By Monica Rojas/Argus
HOUSTON
Petroleumworld 01 26 2021
YPF to boost hydrocarbons investment by 73% in 2021 to rebuild output
Mercopress

Company is trying to reduce near-term debt payments
- Focus will be on returning to oil and gas production growth
- Available cash is key to investment
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 01 29 2021
Reliance and Chevron seek to loosen U.S. sanctions against Venezuelan oil

- Chevron, Reliance meet with U.S. officials to discuss Venezuela
- Topic of oil swaps that exchange crude for diesel is on agenda
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 01 28 2021
- State-oil producer to issue debt, equity to fund acquisition
- Public tender offer process not necessary, Ecopetrol says
By Ezra Fieser and Oscar Medina/Bloomberg
BOGOTA
Petroleumworld 01 28 2021
Pemex failed its 2020 oil production target as output declines further

- Pemex's 2020 oil production reached 1.61 million daily barrels
- Company is under financial strain with $110.3 billion of debt
By Amy Stillman /Bloomberg
MEXICO CITY
Petroleumworld 01 27 2021
- New exchange proposal would now pay interest through 2022
- Offer includes pledge on some shares of YPF Energia Electrica
By Jorgelina Do Rosario and Scott Squires/Bloomberg
BUENOS AIRES
Petroleumworld 01 27 2021
Mexican diesel importers engage in fuel tax evasion via rail -Distributors
Jim Allen/FreightWaves

KCS's fourth quarter refined products shipments to Mexico grew by 87pc from a year earlier
By Sergio Meana/Argus
MEXICO CITY
Petroleumworld 01 26 2021
Xenophobia is growing in Latam and the Caribbean againts venezuelans aliens
Schneyder Mendoza/AFP

Venezuelan migrants cross the Tachira river, the natural border between Colombia and Venezuela,
as the official border remained closed in Cucuta, Colombia, on Nov. 19, 2020.
- Pandemic increases hostility to the diaspora of 5.4 million
- Attacks and insults greet venezuelans fleeing a ruined homeland
By Matthew Bristow and Jim Wyss /Bloomberg
BOGOTA/PUERTO RICO
Petroleumworld 01 26 2021
Panamanian and Iranian tankers seized by Indonesia for illegal transfer of oil
Indonesian Maritime Security Agency

The MT Frea, left, and MT Horse tankers in Pontianak waters off Borneo island, Indonesia.
By Edna Tarigan/AP
JAKARTA
Petroleumworld 01 25 2021
By Patricia Garip /Argus
BOGOTA
Petroleumworld 01 25 2021
AMLO upholds shift in energy reform policy, "There's not going to be a change"
mexiconewsdaily.com

Mexico defends state-led energy policy as investors look to Biden
- Industry expect the US to take a firmer line on new policy
- Projects still on hold
By Dave Graham /Reuters
MEXICO CITY
Petroleumworld 01 22 2021
Venezuela bypass U.S. sanctions as China crude imports specs are altered
Bloomberg

China oil imports doctored to skirt U.S. sanctions on Venezuela. Video: Millions of barrels of Venezuelan
heavy crude, which are embargoed by the U.S., have been surreptitiously going to China.
- With chemical additives, Hamaca crude becomes “Singma Blend”
- Origins erased, rebranded cargo is sold to Chinese buyers
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 01 22 2021
OPEC closely monitoring Biden sanctions on Iran and Venezuela
OPEC
HE Abdelmadjid Attar, Algeria's Minister of Energy and President of the OPEC Conference.
- Sanctions relief 'the big unknown' for oil producers
- Attar says extra Saudi Arabian cut may accommodate Iranian barrels
By Illies Sahar/Platts
ALGIERS
Petroleumworld 01 21 2021
India waiting for Biden to easy restriccions on Iranian and Venezuela crude oil
Ronaldo Schemidt/AFP

India Hopes for More Iran and Venezuela Oil Exports Under Biden
- "Some geopolitical changes are there," says India oil minister
- Crude importer also unhappy with sudden Saudi production cuts
By Debjit Chakraborty and Saket Sundria/Bloomberg
NEW DELHI/SINGAPORE
Petroleumworld 01 21 2021
YPF asking creditors for short-term relief as Argentina's dollars wither
Ronaldo Schemidt/AFP

View of a tank truck of Argentinian state-run energy company YPF.
- Shale driller stuns creditors, swap into new note
- But investors are balking at the terms energy firm proposed
By Scott Squires and Jonathan Gilbert/Bloomberg
BUENOS AIRES
Petroleumworld 01 20 2021
- Sanctions on traders, tankers and extend to those working with Mexican network
- Ban on Citgo share seizures extended until July
By Jordan Blum/Platts
HOUSTON
Petroleumworld 01 18 2021
Swiss financial center involve in $9 billions of suspicious venezuelan funds
SonntagsZeitung
Extract from the account at CBH in Geneva, over which Venezuelan TV tycoon Raul Gorrin had access.
In each case, after a large incoming payment, the millions were moved on in many directions.
- Money laundering of Venezuelan billions at around 30 Swiss banks
- Questionable funds from Venezuela flowed into several hundred accounts
By Christian Brönnimann, Sylvain Besson/SonntagsZeitung
ZURICH
Petroleumworld 01 19 2021
By Patricia Garip/Argus
BOGOTA
Petroleumworld 01 19 2021
CITGO in limbo, Crystallex wins again in bid to seize shares
Erick Gay/AP

Citgo still in limbo as judge approves sale of Venezuelan holding company's shares.
- Trump has sought to delay seizure; could soon be up to Biden
- ConocoPhillips, other PDVSA creditors could be impacted
By Jordan Blum/Platts
HOUSTON
Petroleumworld 01 18 2021
Mexico is violating USMCA in energy, US warns
karmaimpact.com

U.S.-Mexico-Canada trade is been questioned by U.S. because of violations by Mexican government.
By Sergio Meana/Argus
MEXICO CITY
Petroleumworld 01 18 2021
Surinam announced a new "significant" oil and gas discovery offshore

Total, Apache make fourth oil, gas discovery off Suriname
- Block 58 adjoins Guyana prolific Stabroek Block
- Well's Neocomian-age target not tested before
By Robert Perkins/Platts
LONDON
Petroleumworld 01 15 2021
Colombia to start selling ESG green bonds this year to cash in on ESG boom
Joaquin Sarmiento/AFP

An electric taxi (C, green) drives along a street in Medellin, Colombia, on September 19, 2019.
- Peso-denominated notes will fund environmental projects
- Ministry will pursue debt buy backs, credit director says
By Ezra Fieser and Oscar Medina
BOGOTA
Petroleumworld 01 15 2021
One 40,000 mt jet fuel cargo from NW Europe bound to Brazil in a rare move
hub.wtm.com

Brazil's jet fuel demand bullish
- Brazil leads regional air travel recovery
- US exports to Brazil nearly halt in 2020
By Maha Cristina Husseini, Chris To, Emma Thomas /Platts
NEW YORK
Petroleumworld 01 14 2021
Vessel loaded crude in Venezuela claiming to be a Palau-flagged ship
Bloomberg
- Pacific island nation tells Venezuela ‘that oil tanker isn’t ours’
- Government of Palau sends diplomatic note to Venezuela
By Lucia Kassai/Bloomberg
HOSTON
Petroleumworld 01 14 2021
Slim boosts PBF refinery and pipeline investments in post-pandemic bet
Susana Gonzalez/Bloomberg

Mexican Billionaire Carlos Slim
By Benjamin Stupples and Andrea Navarro/Bloomberg
MEXICO CITY
Petroleumworld 01 13 2021
By Rebecca Conan/Argus Media
MEXICO CITY
Petroleumworld 01 13 2021
AMLO to pust out regulators that had "allowed privatizations", energy included
lopezobrador.org.mx

Mexican president Andres Manuel Lopez Obrador (AMLO) wants to dissolve energy regulators
- "These organizations have only served as smoke screens for illicit activity .."
- Would save the government Ps20bn ($1bn)
By Rebecca Conan/Argus Media
MEXICO CITY
Petroleumworld 01 12 2021
- Venezuela's Maduro vowed to "reconquer" the disputed Essequibo province
- US reaffirmed its support for Guyana's stance
By Canute James/Argus Media
PORT SPAIN
Petroleumworld 01 12 2021
Brazil's 17th bid round to offer 92 offshore blocks -ANP
ANP

Seismic data results in block consolidation in Campos, Pelotas, Santos Basin Blocks
- Concession auction set for October 2021
- Public audience for auction set for Feb. 3
By Jeff Fick/Platts
RIO
Petroleumworld 01 11 2021
AMLO energy protectionism has made Mexico's climate be damned
Alfredo Estrella/AFP

Andres Manuel Lopez Obrador (AMLO)
- The country failed to boost its target of cutting emissions 22% by 2030
- Two years of environmental backsliding
By Amy Stillman and Max De Haldevang/Bloomberg
MEXICO CITY
Petroleumworld 01 11 2021
Petrobras hit record of 2.3 mbpd as most peers reel from crash
Dado Galdieri/Bloomberg

Petrobras’s P-70 production and storage vessel moves through the Guanabara Bay in the outskirts of Rio.
- Brazilian giant posts production of 2.3 million barrels a day
- Most comes from pre-salt fields being ramped up for years
By Carlos Caminada/Bloomberg
RIO
Petroleumworld 01 08 2021
EU, Lima Group downgrade international recognition on Venezuela’s Guaido
Bloomberg

EU, Lima Group sour on Venezuela’s Guaido
By Patricia Garip/Platts
BOGOTA
Petroleumworld 01 07 202
Colombia rethinking on selling stake in Interconexion Electrica SA-ISA
Brazil Photos/LightRocket

Colombia Is Said to Review Plans to Divest Its Stake in ISA
- Government owns 51.4% of the electricity transmission company
- Administration looking for ways to narrow the fiscal deficit
By Oscar Medina and Ezra Fieser/Bloomberg
BOGOTA
Petroleumworld 01 06 2021
Venezuela's oil industry nothing but decline
Reuters

PDVSA expected to deteriorate further, refineries operating well below capacity
- Shipments slumped by half in December to 231,613 barrels a day
- OPEC+ may raise output further on prospects of higher demand
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 01 04 2021
World Rings in 2021
Valentyn Ogirenko/Reuters

A couple embrace during New Year's day celebrations in central Kyiv, Ukraine January 1, 2021.
By Reuters
Petroleumworld Jan. 01, 2021
Pope Francis: Angelus, Solemnity of Mary, The Holy Mother of God
Word Day of Peace
Vatican News

Library of the Apostolic Palace, Friday, 1st January 2021 - Video
By Pope Francis/Vatican
VATICAN CITY
Petroleumworld 01 01 2021
Dear Brothers and Sisters, good afternoon and Happy New Year!