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TOP NEWS 2021
AMLO assign $32 billion to lift Pemex dwindling oil output
Pemex's crude oil production from 2004 to 2020 (in 1,000 barrels per day)
Source: Statista 2021
- Exploration and production investment up 26% to $18 billions
- Proposed 2022 budget is 17% higher than this year’s plan
By Amy Stillman / Bloomberg
MEXICO CITY
Petroleumworld 09 10 2021
Venezuela restarts troubled El Palito refinery to easy gasoline shortages
Meridith Kohut/Bloomberg
- PDVSA restarted units at problematic refinery this week, official says
- Water and ventilation systems still undergoing maintenance
By Fabiola Zerpa / Bloomberg
CARACAS
Petroleumworld 09 10 2021
Pemex lowers oil output forecast after platform fire
eleconomista.com.mx
Pemex continues to face output declines and reduced exports exacerbated by two offshore platform
accidents in as many months, with the August explosion knocking a quarter of its output offline.
- Ministry expects output of 1.826 million barrels a day in 2022
- Oil price seen at $55.10 a barrel, according to budget draft
By Amy Stillman / Bloomberg
MEXICO CITY
Petroleumworld 09 09 2021
Guyana government rejects Venezuela's talks and its claims on Esequiba region
@NorwayMFA
Negotiations are being held between the government of Nicolás Maduro and the US backed hardline opposition.
- Reaction to accord inked between Venezuela government, opposition
- Criticizes Venezuela's rejection of ICJ role in settling border dispute
By Denis Chabrol /Platts
GEORGETOWN
Petroleumworld 09 09 2021
Guyana oil in focus at Venezuelan talks, little progress on US sanctions
Platts
- Platts Analytics sees modest US sanctions relief possible
- Venezuelan oil output falls to 433,000 b/d in third quarter
By Mery Mogollon/Platts
CARACAS
Petroleumworld 09 08 2021
VON: EARTHQUAKEMONITOR
Powerful Quake Shakes Southwest Mexico, One Dead
By Uriel Sanchez / Reuters
ACAPULCO, Mexico
Petroleumworld 09 08 2021
Mexico's IMF reserves to refinance Pemex debt
Bloomberg
Mexico Is Refinancing Pemex Debt After Getting IMF Reserves
- AMLO said he couldn’t provide details about an ongoing process
- President has said he wants to use IMF’s $12 billion for debt
By Maya Averbuch, Amy Stillman, and Justin Villamil / Bloomberg
MEXICO CITY
Petroleumworld 09 07 2021
Brazil natural gas facing Petrobras strategy to slows gas market opening
Petrobras
Petrobras' 2016 production projection
By Flávia Pierry / Argus
RIO
Petroleumworld 09 06 2021
Luis Barron/Eyepix Group
- CNPC sending engineers, commercial staff to OPEC-member nation
- Maduro government readies oil law to attract foreign firms
By Fabiola Zerpa / Bloomberg
CARACAS
Petroleumworld 09 06 2021
Colombia's interior departments without gas due to Ecopetrol's upstream glitch
Portafolio.com
The cut-off has left industries and some vehicles that run on compressed natural gas in Colombia's
interior without gas.
By Diana Delgado / Argus
BOGOTA
Petroleumworld 09 06 2021
Luis Barron/Eyepix Group
Rogelio Ramirez De la O
- Mexico to keep up support for Pemex, new finance minister says
- A little late to change oil laws, says Rogelio Ramirez de la O
By Max De Haldevang and Justin Villamil / Bloomberg
MEXICO CITY
Petroleumworld 09 03 2021
GNL Quintero waiting for govt approval for a $30mn green hydrogen project in Chile
Hydrogen Economist
Green hydrogen project to be developed at Quintero terminal, Chile.
By Patricia Garip / Argus
BOGOTA
Petroleumworld 09 03 2021
Bond Evalue
Mexico’s President Andres Manuel Lopez Obrador (AMLO) proposing a new energy reform in another
effort to prop up the state utility FCE
- AMLO limiting privatizations, prioritizing state entities
- He believes Mexico should become energy self-sufficient
By Maya Averbuch / Bloomberg
MEXICO CITY
Petroleumworld 09 02 2021
Platts
Crude Oil Production in Venezuela
Electricity supply failures, lack of diluents are hindrances
- Orinoco Belt operational turnover cycle 'very high': analyst
- Inventories allow PDVSA to export more than it produces
By Mery Mogollon/Platts
CARACAS
Petroleumworld 09 02 2021
Pemex is purchasing a Houston's refinery that lost $360 million this year
El Financiero
Lose Profitability. Pemex’s net result at the Deer Park refinery, in mmdp
- Deer Park’s debt has soared past $1 billion in recent months
- Pemex plans to buy Shell’s share of venture for $596 million
By Amy Stillman and Max De Haldevang / Bloomberg
MEXICO CITY
Petroleumworld 09 01 2021
Trinidad LNG output 1.1mn m³ in May, record monthly low
LNG Production, Trinidad and Tobago mn m³
By Argus
PORT SPAIN
Petroleumworld 09 01 2021
Pemex using nitrogen to quickly restore output in Ku Maloob Zaap field after fire
Victor Garcia / Reuters
Pemex oil platform "Ku Maloob Zaap" in the Bay of Campeche, Mexico suffer an explosion and fire last week.
By Amy Stillman and Lucia Kassai / Bloomberg
MEXICO CITY/HOUSTON
Petroleumworld 08 31 2021
Petroleos Mexicanos is resorting to nitrogen injections into offshore oil wells to quickly restore output following a major platform fire, a measure that could create complications down the line.
Brazil to expand Open Acreage program to subsalt polygon -Minister Bastos
Tom Westbrook/Reuters
Brazil's offshore subsalt holds 176 billion barrels of oil and gas - INOG study
By Jeff Fick/Platts
RIO
Petroleumworld 08 31 2021
National Hurricane Center -Rev. Monday Aug.20 2021
Ida makes US landfall in Louisiana as powerful Category 4 hurricane
By Al Greenwood / ICIS
HOUSTON
Petroleumworld 08 30 2021
Tom Westbrook/Reuters
By Luc Cohen/Reuters
NEW YORK
Petroleumworld 08 30 2021
Hurricane Ida heads towards Louisiana
National Hurricane Center -Rev. Sat Aug.28 2021
Shell an BP are shutting production at four Gulf of Mexico offshore platforms and evacuating all workers
from those locations -Reuters
By Janet Miranda / ICIS
HOUSTON
Petroleumworld 08 27 2021
Platts
- Location, cheap feedgas incentivize further build-out
- Pipeline infrastructure, investment needs among hurdles
By Harry Weber, Sheky Espejo, Jack Winters / Platts
MEXICO CITY/HOUSTON
Petroleumworld 08 27 2021
Venezuela Refidonsa refinery deal valued bonds at 24 cents on the dollar
Erika Santelices/AFP
The Refidomsa oil refinery.
- Patsa held $360.9 million of bonds value about $86.5 million
- Venezuela exchanged stake in Caribbean refinery for bonds
By Nicolle Yapur/Bloomberg
CARACAS
Petroleumworld 08 26 2021
Pemex as other state oil companies take a gawky step toward climate neutrality
Reuters
Unlike the other oil majors, nationalized fossil fuel businesses are arms of the state, and therefore can’t
bend as far.
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 08 26 2021
Venezuela crude on hold in China sea due to crackdown on private
crude oil refiners
Bloomberg
Some vessels carrying oil from Iran, Venezuela are floating off Singapore and Malaysia.
Vortexa Ltd
- Clampdown in China on private refiners has interrupted imports
- Beijing’s probe has seen import quotas for ‘teapots’ reduced
By Sharon Cho/Bloomberg
SINGAPORE
Petroleumworld 08 25 2021
EPA
The fire broke out while maintenance work was being carried out
Reporting by David Alire/Reuters
MEXICO CITY
Petroleumworld 08 25 2021
Fire at Pemex E-Ku-A2 platform in the Gulf of Mexico impact oil production
novedadesdetabasco.com.mx
Fire at Pemex plant kills five and cuts Mexican oil production -insider-voice.com
- Five workers were killed in the fire, two people still missing
- CEO Romero said there is no date yet to resume production
By Amy Stillman and Justin Villamil/Bloomberg
MEXICO CITY
Petroleumworld 08 24 2021
Stabroek News
The London-registered oil trader for China's Sinochem submitted the lowest bid price of 0.02 cent
- Evaluators to look for hidden costs in bids
- Experienced crude oil marketer wanted
By Daniel Chabrol / Platts
GEORGETOWN
Petroleumworld 08 24 2021
By Bloomberg
CARACAS
Petroleumworld 08 23 2021
Gerasimov174/Getty
Vitol and Trafigura have been banned from doing business with Pemex
By Sergio Meana and Stephen Cunningham / Argus
MEXICO CITY
Petroleumworld 08 23 2021
Stabroek News
Guyana's Irfaan Ali said at a joint press conference with Surinam's Chandrikapersad Santokhi
- The two countries to present a clear strategy to exploit the gas
- Also to develop bauxite industrially
By Daniel Chabrol / Platts
GEORGETOWN
Petroleumworld 08 20 2021
thesrigroup.com
Petrobras and Novonor have been trying to sell Braskem for years.
- As stock rallies, controlling shareholders weigh alternatives
- Offloading shares on the market is an option under discussion
By Cristiane Lucchesi and Mariana Durao/Bloomberg
SAO PAULO/RIO
Petroleumworld 08 20 2021
EFE-AFP
Juan Guaido (left) and Nicolas Maduro. Borges said he and his party - Justice First, one of four that make
up the main opposition coalition - had presented the proposal to Guaido, but had not yet received a response.
By Mayela Armas, Luc Cohen /Reuters
CARACAS
Petroleumworld 07 30 2021
ExxonMobil
Two wells drilled simultaneously on Whiptail field on Stabroek block
- Encountered 246 feet and 167 feet of net pay
- Adds to block's 9 billion boe total resource estimate
By Starr Spencer, Denis Chabrol/Platts
HOUSTON/GEORGETOWN
Petroleumworld 07 26 2021
PDVSA
.jpg)
Total and Equinor Are Said to Exit Venezuela Oil Joint Venture
- Companies said to be transferring stakes to state-owned PDVSA
- Total, Equinor had been major partners with PDVSA since 1990s
By Fabiola Zerpa/Bloomberg
CARACAS
Petroleumworld 07 29 2021
Alejandro Cegarra/Bloomberg
Octavio Romero, Pemex's chief executive officer
- Moody's cited high liquidity needs, increasing business risk
- Pemex is expected to receive financial aid from the government
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 07 29 2021
Dado Galdieri/Bloomberg
The project in AMLO's home state is close to the Mexican president's heart, but the state firm agreed
to conserve the spot for 20 years in 2007.
By Bob Van Voris /Bloomberg
MEXICO CITY
Petroleumworld 07 28 2021
Businesshala
The US lawyer who spent more than two decades battling Chevron Corp (CVX.N) over pollution in
the Ecuadorian rainforest was found guilty on Monday of criminal contempt.
By Max De Haldevang/Bloomberg
NEW YORK
Petroleumworld 07 28 2021
Dado Galdieri/Bloomberg
- In Brazil, as many as 15 floating production, storage and offloading vessels, including the Carioca that just left a shipyard in Rio state, will come on line in the next five years.
- The world may be turning its back on fossil fuels, but in cash-starved, resource-rich nations like Brazil, oil remains king.
By Peter Millard/Bloomberg
RIO
Petroleumworld 07 27 2021.
Curacao state-owned oil RdK consolidating oil assets, selling inventory
masnoticia.com
Curacao state-owned refineria do Korsou (RdK), Willemstad Curacao.
By Patricia Garip /Argus
BOGOTA
Petroleumworld 07 27 2021
Mauro Pimentel /AFP
Brazil truck drivers want to strike over diesel fuel price
- Pandemic undermines support for strike
- Divisions remain between trade groups, unions
By Jeff Fick/Platts
RIO
Petroleumworld 07 26 2021
Breakdowns at PDVSA refineries caused day-long waits to fill gasoline tanks
Manaure Quintero/Reuters
People wait outside their cars at a queue to refill gasoline at a gas station with subsidized fuel in
Caracas, Venezuela.
- PDVSA chaos reflected in production to plummet
- Government pledged to increase gas output to resolve shortages
By Fabiola Zerpa/Bloomberg
CARACAS
Petroleumworld 07 26 2021
AP
The Iranian oil tanker Forest is anchored off the dock of El Palito refinery near Puerto Cabello, Venezuela,
Sept 29, 2020.
- First oil import this year in defiance snubing sanctions
- Delivery comes amid plans to almost triple crude production
- Cargo of condensate is discharging at the port of Jose.
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 07 23 2021
AMLO dismiss US lawmakers' energy complaints
AP
Mexican President Andres Manuel Lopez Obrador (AMLO)gives his daily, morning news conference at
the presidential palace, Palacio Nacional, in Mexico City.
By Sergio Meana /Argus
MEXICO CITY
Petroleumworld 07 23 2021
Kevin Lamarque/Reuters
Viability of long-term investments in sector seen at risk
- Energy policies limit US companies' access to markets
- Issue requires immediate and sustained attention: legislators
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 07 22 2021
energiaestrategica.com
Coca Codo Sinclair hydroelectric plant provides nearly a third of the Andean country's electricity.
By Alexandra Valencia /Reuters
QUITO
Petroleumworld 07 22 2021
AP
Pedro Castillo, next president of Peru faces a divided nation
- Castillo is a rural teacher who defeated mighty political clan
- Peru had the world's worst death toll from Covid-19 pandemic
By María Cervantes and Jim Wyss/Bloomberg
LIMA
Petroleumworld 07 21 2021
Bloomberg
By Patricia Garip and Haik Gugarats /Argus
BOGOTA/WASHINGTON
Petroleumworld 07 21 2021
The Bank of England
The Bank of England.
- Supreme Court to decide fate of gold worth $1 billion in U.K.
- U.K. says it recognizes opposition figure Guaido as leader
By Jonathan Browning/Bloomberg
LONDON
Petroleumworld 07 20 2021
Esgraf
Petroleum coke
By Lauren Masterson/Argus
WASHINGTON
Petroleumworld 07 20 2021
Bloomberg
Video: Oil Retreats on OPEC+ Deal to Ramp Up Output, Threat From Delta. OPEC and its allies agreed to
boost output. Bloomberg Intelligence commodity strategist Mike McGlone discusses what the deal means
for oil prices.
- Group set to add 400,000 barrels a day each month from August
- UAE and others get higher production quotas from May next year
By Jake Lloyd-Smith and Saket Sundria/Bloomberg
SINGAPORE
Petroleumworld 07 19 2021
grupogpps.org
Gas will be the next focus, then clean alternatives
- Vaca Muerta has ample room for oil growth
- But companies warn that the export window is shortening
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 07 19 2021
BNamericas
Shipment expected to arrive July 16
- Energy companies seeking to cut carbon emissions
- Potential impact on KSC operations
By Harry Weber/Platts
HOUSTON
Petroleumworld 07 16 2021
Reuters
Venezuela's former Oil and Energy Minister Rafael Ramirez, Italy has not yet approved its extradition -lawyer
Reporting by Marco Carta/Reuters
ROME
Petroleumworld 07 14 2021
PDVSA
U.S. temporarily lifting a ban on Venezuela to import LPG gas
- License permitting gas imports seen as humanitarian gesture
- Residents resorting to burning deforested firewood for fuel
By Fabiola Zerpa/Bloomberg
CARACAS
Petroleumworld 07 15 2021
Yamil Lage/AFP
People take part in a demonstration in Havana against the government of the Cuban president,
Miguel Díaz-Canel. More than 5,000 detained in Cuba, including 120 activists and journalists -14ymedio.com
- People have been arrested or are missing
- Journalists held, government silent on detainees
By Patrick Oppmann, Al Goodman /CNN
HAVANA/MADRID
Petroleumworld 07 15 2021
Jorge Silva /Reuters
An oil tanker is seen in the sea east of Caracas.
By Jonathan Saul and Marianna Parraga/Reuters
LONDON/MEXICO CITY
Petroleumworld 07 14 2021
Paulo Whitaker/Reuters
A worker fills a car with gasoline at a gas station in Sao Paulo
By Gabriel Araujo/Reuters
SAO PAULO
Petroleumworld 07 14 2021
The St. Croix, U.S. Virgin Islands oil refinery seeks bankruptcy as lenders refuse to inject more cash
- Firm weighs asset sales as part of court reorganization
- Limetree's oil storage terminal business to continue operating
By Rachel Butt and Gerson Freitas Jr./Bloomberg
NEW YORK
Petroleumworld 07 13 2021
bnamericas.com
President Ivan Duque enacts the new energy transition law
By Patricia Garip/Argus
BOGOTA
Petroleumworld 07 13 2021
Even Fire at Sea Can't Touch Pemex Bonds
- Pemex wins right to operate Mexico's largest private oil find
- Government decision came after a gas leak set the sea on fire
By Justin Villasmil/Bloomberg
MEXICO CITY
Petroleumworld 07 12 2021
Jamaica Observer
A file of the Petrojam oil refinery in Jamaica.
By Patricia Garip and Canute James/Bloomberg
BOGOTA/JAMAICA
Petroleumworld 07 12 2021
- ASEA and CRE conducting joint random verification visits
- Potential impact on KSC operations
By Sheky Espejo/Platts
MEXICOI CITY
Petroleumworld 07 09 2021
Alejandro Cegarra/Bloomberg
Renewable energy developers are creating rifts between those trying to preserve their ancestral lands
and those who support the construction of the wind turbines.
- Wind project splinters a Mexico region prized for powerful pusts
- EDF's wind farm is in limbo after residents in Oaxaca sought a court-ordered injunction.
By Peter Millard, Amy Stillman, Saijel Kishan/Bloomberg
MEXICO CITY
Petroleumworld 07 09 2021
President Guillermo Lasso (center) signing a new hydrocarbons policy to seek private investment
- Decree eyes bid rounds for Petroecuador refineries, pipelines, oilfields
- Lasso aims to double Ecuador's crude production
By Alex Emery/Platts
QUITO
Petroleumworld 07 08 2021
ghy.com
U.S. Trade Representative Katherine Tai (center) with Mexican Economy Minister Tatiana Clouthier (right),
and Canadian International Trade Minister Mary Ng.
- Biden administration watching AMLO plans closely, Tai says
- Canada reiterated ongoing concern regarding investment climate
By Maya Averbuch and Eric Martin/Bloomberg
MEXICO CITY
Petroleumworld 07 08 2021
US crude sales to India expected to remain robust: Platts Analytics
- IOC becomes second Indian refiner to buy Guyana's Liza crude, after HMEL
- MRPL buys its maiden cargo of Brazilian Tupi crude in H1
By Sambit Mohanty/Platts
SINGAPORE
Petroleumworld 07 07 2021
abc7
The Gulf of Mexico was literally on fire because a pipeline ruptured -Video
- Fire was ignited by lightning, according to Mexico's president
- Footage of a raging fire on the ocean caused a Twitter storm
By Amy Stillmand/Bloomberg
MEXICO CITY
Petroleumworld 07 07 2021
riviera-maya-news.com
Mexico's biggest private oil find will be operated by state-owned Pemex. New study reveals Pemex
owns 50.43% of the deposit
- Talos: decision came days after Pemex argued to be operator
- It ends long-standing dispute between drillers Talos and Pemex
By Amy Stillmand/Bloomberg
MEXICO CITY
Petroleumworld 07 06 2021
Bloomberg
Video: Brent oil rose above $77 a barrel for the first time since 2018 after OPEC+ failed to reach an
agreement on bringing back curtailed output.
- Dispute between core members blocks deal to boost output
- Coming days will determine whether the conflict will escalate
By Salma El Wardany, Javier Blas, Grant Smith and Khalid Al-Ansary/Bloomberg
CAIRO/LONDON/BAGHDAD
Petroleumworld 07 06 2021
hypebeast.com
Pemex controls pipeline fire in the gulf of Mexico
- A fire erupted after pipeline valve broke
- Local media reports show photos of the blaze on Twitter
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 07 05 2021
Golar
Golar Power has executed a memorandum of understanding with Norsk Hydro to develop the first LNG
terminal in the North of Brazil.
By Flávia Pierry /Argus
MUNBAI
Petroleumworld 07 05 2021
Bloomberg
Source: Colombia Mines and Energy Ministy Note: 2021 data through May
- Pacific Ocean included in next bidding round later this year
- Renewable energy in focus with first battery storage contract
By Oscar Medina and Peter Millard/Bloomberg
BOGOTA/RIO
Petroleumworld 07 02 2021
Argus
IOC is operating its 1.34mn b/d refineries at 88-90pc capacity.
By Sathya Narayanan /Argus
MUNBAI
Petroleumworld 07 02 2021
Bloomberg
The sale of Petrobras stake in the fuel distributor was the largest share offering of the year in the country.
- Oil giant sold remaining 37.5% stake in BR Distribuidora
- The 11.4 billion-real sale is Latin America's largest in 2021
By Vinícius Andrade, Rachel Gamarski and Cristiane Lucchesi /Bloomberg
SAO PAULO
Petroleumworld 07 01 2021
CGC
CGC sees opportunities for production growth
- Deal boosts company's total output nearly 40%
- Sinopec's oil output tumbled over the past few years in Argentina
By Charles Newberry/Platts
BUENOS AIRES
Petroleumworld 07 01 2021.
voce.com.ve
Orinoco Belt production is key to reaching nation's goal
- PDVSA will incorporate 17 drill rigs, 14 contracted at $1.5 million each
- Plan's goal is to raise production to an average of 1 million b/d in 2021
By Mery Mogollon/Platts
CARACAS
Petroleumworld 06 30 2021
Miguel Yovera/Bloomberg
Venezuela's opposition leader and legitimate President Juan Guaido Juan Guaido gestures while wearing
a face mask with the writing "Vaccines, now!". Guaido is seeking a more comprehensive political accord.
- MUD is one of twenty parties approved for November 21 election
- Concession is attempt by Maduro to cast election as legitimate
By Patricia Laya and Alex Vasquez/Bloomberg
CARACAS
Petroleumworld 06 30 2021
Gabriela Oráa/Bloomberg
Maduro speaks with Bloomberg's Erik Schatzker in Caracas. -Video
By Erick Schatzker/Bloomberg
CARACAS
Petroleumworld 06 29 2021
MercoPress
“The conscientious and responsible use of water and energy will considerably reduce the pressure on
the electrical system,” Brazil's Mines and Energy Minister Bento Albuquerque said in a televised message
By MercoPress
MONTEVIDEO
Petroleumworld 06 29 2021
Manaure Quintero/Reuters
The opposition has re-established contact with Norwegian officials in recent weeks to facilitate a negotiation with the government after a previous effort in mid-2019 fell through. Opposition's leader Juan Guaido has proposed the progressive lifting of sanctions as an incentive for Maduro to agree to transparent presidential and parliamentary polls.-Reuters
- State Department releases joint U.S., EU, Canada statement
- Parties call for political talks leading to fair elections
By Juan Pablo Spinetto /Bloomberg
MEXICO CITY
Petroleumworld 06 28 2021
Argus
Brent X LPG Brazil
By Flávia Pierry/Argus
SAO PAULO
Petroleumworld 06 28 2021
Miguel Yovera/Bloomberg
The country has been afflicted by extreme political volatility recently, with three presidents since November.
- New president can't be declared until replacement named
- Politically volatile nation has had 3 leaders since November
By Maria Cervantes/Bloomberg
LIMA
Petroleumworld 06 25 2021
desdeabajo.info
The negotiation period was due to end on 30 June, but it has been extended until August 31.
By Diana Delgado/Argus
BOGOTA
Petroleumworld 06 25 2021
A alleged corrupt mogul, while Venezuela goes dark, brightens his image abroad
Reuters/Antonio Heredia/El Mundo
"SUNGLASSES KING": Since his power bonanza in Venezuela, Alejandro Betancourt invested more than
$300 million in properties and ventures abroad, including Spanish sunglasses company Hawkers.
- Special report on a supposed dishonestly Venezuelan power tycoon.
- Alejandro Betancourt won power plant contracts worth $2 billion in Venezuela.
- Many of those plants failed, and the deals sparked criminal probes.
By Angus Berwick/Reuters
MADRID
Petroleumworld 06 24 2021
Carlos Tischler/Getty
Ricardo Monreal
- Mexican government seeking three major constitutional changes
- Senate doesn't plan to push Banxico bill now stalled in house
By Max De Haldevang/Bloomberg
MEXICO CITY
Petroleumworld 06 24 2021
Venezuela Vice President Delcy Rodriguez, says that the economic reforms recently implemented by President Nicolás Maduro are consistent with the administration's guiding principles of Bolivarian socialism. She spoke exclusively in Caracas with Bloomberg's Erik Schatzker. - Video
- Government, some private forecasters anticipate growth in 2021
- Policy reversals being led by VP Rodriguez, adviser Rivera
By Patricia Laya, Alex Vasquez, and Erik Schatzker/Bloomberg
CARACAS
Petroleumworld 06 23 2021
Hannah Dormido/The Washington Post
Controversial St. Croix refinery ceases operations given ‘extreme financial constraints' -WP
By Canute James/Argus
KINGSTON
Petroleumworld 06 23 2021
Meridith Kohut/Bloomberg
The sun sets over an oil refinery in Puerto Cabello, Venezuela.
- Epic lines for gasoline will be gone within weeks, he predicts
- The country is hoping to produce 6 million barrels a day
By Erik Schatzker, Alex Vasquez, and Patricia Laya/Bloomberg
CARACAS
Petroleumworld 06 22 2021
Dado Galdieri/Bloomberg
Eletrobras transmission towers in Rio de Janeiro, Brazil.
- Government stake to be diluted through offering of shares
- Drought has caused consumer electricity bills to skyrocket
By Simone Preissler Iglesias and Gabriela Mestre/Bloomberg
BRASILIA
Petroleumworld 06 22 2021
Bloomberg
Joe Biden (left) and Nicolas Maduro
- State Department insists democratic opening has to come first
- Washington responds to Maduro comments in Bloomberg interview
By Nick Wadhams/Bloomberg
WASHINGTON
Petroleumworld 06 21 2021
Maduro's plan to rebuild Venezuela's oil industry
.jpg)
Nicolas Maduro is interview by Bloomberg's Erik Schatzker - Video
By Erik Schatzker/Bloomberg
CARACAS
Petroleumworld 06 21 2021
Equinor holds the restart of Brazil's Peregrino oil field until 2022
Equinor
The Peregrino field—in the Campos Basin—is Equinor most important project in Brazil andthe largest
international endeavour as an operator. - video
By Nathan Walters/Argus
RIO
Petroleumworld 06 18 2021
Virgin Islans consortium
Puerto Rico's plan to fix its power grid is off to a rocky start - video
- Protests, a cyberattack, marked the transition to a public-private partnership.
- A major fire briefly knocked out power to 900,000 customers
By Michele Kaske and Jim Wyss/Bloomberg
NEW YORK/SAN JUAN
Petroleumworld 06 18 2021
Platts
Move could affect companies in midstream, upstream sectors
- Mexico's tax and customs authority, or SAT no longer issue or renew import, export permits
- López Obrador's latest attempt to embolden state companies
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 06 17 2021
Contralinea.com.mx
Pemex misses May deadline to pay bonuses to its oil traders
- May deadline was missed for bonuses at PMI, Mex Gas units
- PMI workers' profit-sharing bonus was about $50,000 for 2020
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 06 17 2021
El Economista
Mexican President Andres Manuel Lopez Obrador (AMLO)
- Earlier reform attempt to CFE has been held up in courts
- AMLO also wants to change electoral institute, national guard
By Max de Haldevang/Bloomberg
MEXICO CITY
Petroleumworld 06 16 2021
Source: Mexico's SIE, Brazil's ANP; (*) Also includes ethanol for Brazil
- Seven of 10 barrels of U.S. exports go to Brazil and Mexico
- Mexico demand will continue to exceed what country can produce
By Lucia Kassai and Jeffrey Bair/Bloomberg
HOUSTON
Petroleumworld 06 16 2021
Platts
P-68 floating production, storage, and offloading unit (FPSO), located in BM-S-11A Concession in Berbigão,
Sururu and West Atapu.
- Plans to install up to 12 FPSOs
- Buzios could pump 2 million b/d at peak
By Jeff Fick/Platts
RIO
Petroleumworld 06 15 2021
Ipsos
By Marco Aquino and Stefanie Eschenbacher/Reuters
LIMA
Petroleumworld 06 14 2021
Platts
Liza Phase 2 production startup slated for early 2022
- Six drillships active in the Stabroek block
- Liza crude exports heading to China, Netherlands
By Jordan Blum /Platts
HOUSTON
Petroleumworld 06 14 2021
toronto Start
Environmentalists say the party's priorities have little green about them.
- The unecological Green Party holds balance of power in Mexico's new legislature
- Party has few green credentials, many corruption allegations
By /Bloomberg
MEXICO CITY
Petroleumworld 06 14 2021
S. Korea may cut Mexican Maya, Russian Urals if Iran returns to market
Platts
Mexico, Russia more than double their S Korean market share since 2017
- Refiners may cut Maya, Urals, Arab Medium, Arab Heavy crude purchases
- Iranian sour grades suit S Korean refinery systems, configuration
By Gawoon Philip Vahn, Fred Wang, Charles Lee/Platts
SINGAPORE
Petroleumworld 06 11 2021
Cisneros PetroDelta oil play exposes Venezuela investment risks
PDVSA
PetroDelta oil production has dwindled to around 3,700 b/d
By Argus
CARACAS
Petroleumworld 06 11 2021
Argentina boosting natural gas output with its wealth tax
Gas Natural Acu
Goal is to reduce gas imports, which are up 30% this year
- $580 million to go to upstream projects
- YPF, IEASA to lead the effort
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 06 10 2021
Talos
Talos, Pemex and other partners are working with the Mexican Ministry of Energy ("SENER"), to finalize
terms of a Unitization on offshore Block 7 in shollow water of Mexico's Gulf.
- Offshore producer forms joint venture with carbon firm
- Exxon, Kinder Morgan already involved with carbon capture
By Sergio Chapa/Bloomberg
HOUSTON
Petroleumworld 06 09 2021
Miguel Yoverra/Bloomberg
Pedro Castillo
By Maria Cervantes/Bloomberg
LIMA
Petroleumworld 06 09 2021
Fernando Llano/AP
Mexico's Ruling party sees support in Mexico City fall: Mayor Claudia Sheinbaum of Mexico City who governs
for Morena, a leading contender to succeed AMLO said “In recent months there was a very powerful smear
campaign against the [Morena] movement, which had an impact on [some] sectors of the population.” -
Mexico News Daily.
- Morena seen taking several states, hurt in capital stronghold
- Mexico City results reflect national socioeconomic divides
By Max de Haldevang and Justin Villamil/Bloomberg
MEXICO CITY
Petroleumworld 06 08 2021
Bloomberg
Peru's political uncertainty grows as Castillo lead with very small margin with a 94.3% of the vote counted
- Presidential candidate vows to fight until last vote counted
- Leftist front-runner seeks to calm investors as markets tumble
By Ana Maria Cervantes/Bloomberg
MEXICO CITY
Petroleumworld 06 08 2021
Manuel Velasquez/Getty
President Andrés Manuel López Obrador with his wife, Beatriz Gutiérrez, in Mexico City on Sunday.
- President's Morena party seen losing grip on lower house
- Government coalition won as many as 292 seats in the chamber
By Max de Haldevang/Bloomberg
MEXICO CITY
Petroleumworld 06 07 2021
- ITT fields important for Ecuador's production goals
- Human rights group warns government not to send in the army
By Chris Kraul/Platts
BOGOTA
Petroleumworld 06 07 2021
Brazil hot spot for LNG due to the country's worst drought in 91 years
- State-run oil company is seeking liquefied natural gas cargoes
- Water crisis curbs hydropower supplies across South America
By Sergio Chapa, Gerson Freitas Jr. and Anna Shiryaevskaya/Bloomberg
HOUSTON/NEW YORK/LONDON
Petroleumworld 06 04 2021
Reuters
“Reliance is basing its request to resume oil swaps on the argument that the operations do not provide
cash to the Venezuelan government but rather help lessen the humanitarian crisis there,” - Lucia Kassai
- Desai to work with law firm in lobbying for Reliance
- Reliance seeks to reinstate diesel-for-crude swaps with PDVSA
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 06 04 2021
Staatsolie could farm-in to Total, Apache, Suriname's block 58
Suriname's Staatsolie weighs farm-in to Total, Apache block after discovery
By Ank Kuipers /Reuters
PARAMARIBO
Petroleumworld 06 03 2021
Xavier Garcia/Bloomberg
Luma's First Day Running Puerto Rico Grid Brings Strike Threats
- Labor groups threaten to ‘paralyze' island's electricity grid
- Luma Energy working to restore power for 19,000 customers
By Jim Wyss and Michelle Kaske/Bloomberg
SAN JUAN/NEW YORK
Petroleumworld 06 03 2021
Equinor and Exxon to develop $8 bln Brazilian Bacalhau oilfield
oilandgasadvancement.com
Equinor's offshore platform.
By Terje Solsvik/Reuters
OSLOW
Petroleumworld 06 01 2021
Foreign joint venture shareholders will not commit to significant new investments until an effective mechanism is in place to accelerate payment of legacy debts...
By Argus
CARACAS
Petroleumworld 06 01 2021
Venezuelan oil output
- Pdv's (PDVSA) state oil company well reactivation drive faces serious obstacles - not least opposition from within the ruling party and uncertainty over the US response
By Argus
CARACAS
Petroleumworld 05 31 2021
Luis Robayo/AFP
Demonstrators block the Panamerican highway between Buga and Cali, during an anti-government
protest in Valle del Cauca department, Colombia, on May 26.
- Protests that began April 28 morphed into a mass movement
- Inflation forecast to spike the most since 1998 this month
By Andrea Jaramillo and Oscar Medinal/Bloomberg
BOGOTA
Petroleumworld 05 31 2021
Ecopetrol's crude production down 651,000 boe/d due to social unrest
Luisa Gonzalez/Reuters
No end to blockades, violent protests in sight as negotiations fail. Demonstrators take part in a protest demanding government action to tackle poverty, police violence and inequalities in the healthcare and education systems, in Bogota, Colombia May 26, 2021.
- Vertically integrated company blames "ongoing public order situation"
- S&P lowers Colombia's, Ecopetrol's debt rating to below investment grade
By Chris Kraul/Platts
BOGOTA
Petroleumworld 05 28 2021
Tanker with diesel fuel arrives in Venezuela first diesel cargo delivery six months
alu Haider /EPA-EFE
The Bueno, a Djibouti-flagged tanker, arrived on Sunday near Venezuela's Amuay port.
By Mircely Guanipa , Marianna Parraga/Reuters
MARACAY, Venezuela
Petroleumworld 05 28 2021
venezuelanalysis.com
Chevron's Petropiar facilities in Jose, eastern Venezuela.
- Facilities will be converted to produce gasoline ingredients to minimize fuel shortages
- Plan involves units once operated with Chevron, Total, Equinor
By Fabiola Zerpa/Bloomberg
MEXICO CITY
Petroleumworld 05 27 2021
By Petroleumworld
CARACAS
Petroleumworld 05 27 2021
Political risk situations haunts Latam investors as Peru election nears
Sebastian Castaneda / Reuters
Peruvian presidential candidates Pedro Castillo and Keiko Fujimori, who will face each other in a run-off
vote on June 6, hold Peru's national flag after signing a "Pact for Democracy," in Lima, Peru May 17, 2021.
By Rodrigo Campos/Reuters
NEW YORK
Petroleumworld 05 27 2021
Mexico's private energy investors face two opposing outlooks
@WoodMackenzie
Energy companies from the US, Canada, Europe and Asia have taken legal action against the reforms
and frozen planned investments
By Jens Erik Gould /Platts
RIO
Petroleumworld 05 26 2021
Brazil's new Gas Law still needs development of rules
The Oil Block
The Mines and Energy Ministry expects to publish regulations surrounding the New Gas Law approved by Congress on June 2021.
- Regulations expected to be published mid-2021
- State and federal harmonization needed
By Jeff Fick/Platts
RIO
Petroleumworld 05 26 2021
Diego Giudice/MCT/Tribune News Service
Mexico Buys The Deer Park refinery outside of Houston, Texas. as It Pledges Energy Independence
- Petroleos Mexicanos will pay Shell $596 million for 50% stake
- Sale is expected to close in the fourth quarter of 2021
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 05 25 2021
- For sale: 864,793 barrels of crude oil, bitumen, fuel oil and other products
- Another 550,000 barrels of crude in oil tanker sold on international market for $25 million
By Mery Mogollon/Platts
CARACAS
Petroleumworld 05 25 2021
Citgo value is falling, shares aren't worth enough to repay what they're owed
Web/Aporrea
Bondholders Tell 2nd Circ. That Citgo Value Is Falling
By Caroline Simsom/Law360
NEW YORK
Petroleumworld 05 24 2021
- Deal was first real RBL facility for a production sharing contract
- Mexico seeking to boost crude output from 1.7 mil b/d to 2.4 mil b/d by 2024
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 05 24 2021
Lujan Agusti/Bloomberg
Tatiana Clouthier
- Clouthier says government wants ‘open dialogue' with allies
- Minister aims to attract auto sector investment to country
By Kait Bolongaro and Max de Haldevang/Bloomberg
OTTAWA/MEXICO CITY
Petroleumworld 05 21 2021
Tanker bottleneck emerges in Venezuela as crude stocks run low
Vladimir / Adobe Stock
The vessel backlog is visible around Jose and also near La Borracha island, a spot for ship-to-ship transfers
off Venezuela's Eastern coast, three maritime sources said.
By Marianna Parraga and Luc Cohen/Reuters
MEXICO CITY/CARACAS
Petroleumworld 05 21 2021
Mexico need more infrastructure to integrate Gas, renewables -IEnova CEO
@ColumbiaUEnergy
Integration key to Mexico catching up on energy transition -Tania Ortiz Mena
- CEO cites country's infrastructure needs
- Could generate 30% of Mexico's power needs with renewables
By Harry Weber/Platts
HOUSTON
Petroleumworld 05 19 2021
Bloomberg
- The flood of Petrobras sell ratings has gone into reverse
- Analysts predict biggest yearly result since 2012 in dollars
By Peter Millard/Bloomberg
RIO
Petroleumworld 05 19 2021
Bloomberg
- Benchmark stock index fell 9.3%, the most in more than a year
- Vote deprives the right of veto power over a new constitution
By Eduardo Thomson, Valentina Fuentes and Matthew Malinowski/Bloomberg
SANTIAGO
Petroleumworld 05 18 2021
- Region comprises of Coahuila, Nuevo Leon, Tamaulipas states
- Could generate 30% of Mexico's power needs with renewables
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 05 18 2021
Bloomberg
Keiko Fujimori (l) and Pedro Castillo
- Datum survey gives Castillo 42% support versus Fujimori's 40%
- Castillo had a lead in double digits just a few weeks ago
By Jim Wyss and Ana Maria Cervantes/Bloomberg
LIMA
Petroleumworld 05 17 2021
Bloomberg
Keiko Fujimori (l) and Pedro Castillo
- Fuel oil emits 16% more CO2 than gas in basic power plants
- Domestic use of sulfurous fuel oil at highest in three years
By Lucia Kassai/Bloomberg
HOUSTON
Petroleumworld 05 17 2021
Petrobras to follow previous company plans, reverses losses
Petrobras
Petrobras intended to follow the company's 2021 to 2025 strategic plan - Chief Financial Officer Rodrigo Araujo
- Reported a first-quarter profit of $220 million
- Expected to move forward with its divestment program
By Gram Slattery and Sabrina Valle/Reuters
RIO DE JANEIRO
Petroleumworld 05 14 2021
Pemex Tula refinery get $2.6 billion to cut dependence of imported fuels: CEO
Data from CNH
- Pemex to complete coking plant with investment
- Plant to process 140,000 b/d of fuel oil
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 05 14 2021
Rodrigo buendia/AFP
Steven Donziger Chevron Ecuador Fraud led to Disbarment, Criminal Charges.
- Represented Ecuadorian villagers against Chevron
- Chevron won RICO case against Donziger in 2014
By Peter Hayes/Bloomberg
WASHINGTON
Petroleumworld 05 13 2021
- Plan envisions 300 MW in first phase, scalable to 1 GW
- Project to power Maya train currently under construction
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 05 13 2021
OilNow
Guyana to seek bids for oil blocks in policy change
By Argus
GEORGETOWN
Petroleumworld 05 12 2021
Leonardo Fernandez Viloria/Reuters
Guaido Urges Venezuela Election Deal and Sanctions as Spur
- Opposition leader willing to start talks on presidential vote
- Deal should include humanitarian aid and Covid vaccines
By Alex Vasquez/Bloomberg
CARACAS
Petroleumworld 05 12 2021
Jorge Cruz
Late payments are the latest challenge for the embryonic private oil industry in Mexico, which is increasingly criticized by the government of Andres Manuel Lopez Obrador.
- Mexican company's output has dropped for 16 straight years
- Pemex owes Cheiron and Hokchi about $64 million for oil, gas
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 05 11 2021
Jorge Cruz
Maduro's re-election in 2018 was viewed as rigged and illegitimate.
- U.S. is reviewing its Venezuela sanctions, Biden official says
- Maduro has taken conciliatory steps and talked to Democrats
By Patricia Laya, Alex Vasquez, and Jennifer Jacobs/Bloomberg
CARACAS/WASHINGTON
Petroleumworld 05 11 2021
Ivan Valencia/AP
The police are trying to unblock the roadblocks erected by demonstrators.
By Diana Delgado/Argus
BOGOTA
Petroleumworld 05 10 2021
energyandcommerce.com.mx
Restoring Pemex dominance
By Sergio Meana/Argus
MEXICO CITY
Petroleumworld 05 10 2021
API outlining Mexico's continued efforts to discriminate against U.S. investors
Reporting by Stefanie Eschenbacher/Reuters
MEXICO CITY
Petroleumworld 05 07 2021
BHP
BHP on wednesday announced first oil production from the Ruby Project in offshore Trinidad and Tobago.
By Kevin Morrison/Argus
SYDNEY
Petroleumworld 05 07 2021
ATB
The Dos Bocas refinery could cost up to $12.4bn, up from the original $8bn cost
By Sergio Meana/Argus
MEXICO CITY
Petroleumworld 05 06 2021
Bloomberg
Petrobras CEO General Joaquim Silva e Luna in the hot seat with fuel prices and oil up
- Former army general says he'll keep retail prices competitive
- But fuel-price policy remains a concern amid trucker pressure
By Peter Millard/Bloomberg
RIO
Petroleumworld 05 06 2021
Russia to build two russian nuclear plants in Argentina -Moscow's Ambassador
eupoliticalreport.eu
The project include building a floating nuclear power plant similar to the russian “Akademik Lomonosov”
floting power plant pictured.
- Could supply most modern military weapons
- Would construct a 150 km on the route between Bahía Blanca and Vaca Muerta.
By MercoPress
MONTEVIDEO
Petroleumworld 04 05 2021
Bloomberg
Chile wants to fuel a green hydrogen boom
- Foundation is looking to speed up fuel's path to profitability
- Fund will consider acquiring equity interests in the projects
By Eduardo Thomson & Daniela Sirtori-Cortina/Bloomberg
SANTIAGO/NEW YORK
Petroleumworld 05 05 2021
- Premier to explore the Mesozoic formations
- Dispute over Talos' Zama a key factor for output
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 05 04 2021
Miguel Yovera/Bloomberg
Peru Leftist Candidate Pedro Castillo Pledges to Seize Foreign Company Profits
- Pedro Castillo said he'll seek to review company contracts
- Castillo and Keiko Fujimori clash during presidential debate
By Oscar Medina/Bloomberg
LIMA
Petroleumworld 05 04 2021
enlacejudio.com
Watch video -Citgo 6: Venezuela gives US oilmen house arrest
By Joshua Goodman/AP
MIAMI
Petroleumworld 05 03 2021
NA
Protesting workers to move to different parts of the province
By Buenos Aires Times
BUENOS AIRES
Petroleumworld 05 03 2021
panoramaoffshore.com.br
Seismic surveys also on rise
- Plans for 45 wells, 19 offshore
- Efforts climb ahead of 17th round
By Jeff Fick/Platts
RIO
Petroleumworld 04 30 2021
eldinamo.cl
Soon Chile will “ leave the era of coal behind,” said Energy Minister Juan Carlos Jobet
By MercoPress
MONTEVIDEO
Petroleumworld 04 30 2021
Sergio Moraes/Petrobras
Energy giant divestment plan to sell $15.1 billion in assets
By Ovunc Kutlu/Anadolu
NEW YORK
Petroleumworld 04 29 2021
AMEXHI
"...We invite local suppliers to work with us" -Warren Levy, Jaguar's E&P CEO
- Mexico currently working on measures to increase local content
- Measures to be announced soon, says economy Secretariat
By Sheky Espejo /Platts
MEXICO CITY
Petroleumworld 04 29 2021
MercoPress
“In times of pandemic, it is absolutely urgent to find a solution,” said Tierra del Fuego Governor Melella -MercoPress.
- Extra fuel imports seen as social unrest in Patagonia heat up
- Roadblocks enter fourth week as workers protest 43% inflation
By Jonathan Gilbert/Bloomberg
BUENOS AIRES
Petroleumworld 04 28 2021
bnamericas
The longevity of the proposed contract spanned from May 2021 through December 2023.
- Tender awarded during lame-duck period
- Length of contract criticized by Ecuador's Minister of Energy
By Maha Cristina Husseini/Platts
HOUSTON
Petroleumworld 04 28 2021
- Cross-border flows approach record 7 Bcf/d in April
- Mexico modeled power burn hits record 4.6 Bcf/d
By J. Robinson and John Hilfiker/Platts
DENVER
Petroleumworld 04 27 2021
Bloomberg
Peru Sol Hits Record Low as Leftist Takes Crushing Poll Lead
- Pedro Castillo widens lead over rival Fujimori to 20 points
- Investors in Peru have moved to dump stocks and bonds
By Fabiola Zerpa and Maria Elena Vizcaino/Bloomberg
CARACAS/LIMA
Petroleumworld 04 27 2021
Rupak De Chowdhuri/Reuters
Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata, India.
By Nidhi Verma/Reuters
GEORGETOWN/NEW DELHI
Petroleumworld 04 26 2021
Daniel Becerril/Reuters
Mexico set to pass bill likely to increase Pemex's refined products market share
- Bill waiting for president's signature
- Opposition to challenge in Supreme Court
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 04 26 2021
Bloomberg
Mexico's Fuel Market Grip Is Poised to Tighten, Buoying AMLO
- Senate passes bill allowing fuel permits to be suspended
- The new measures are expected to be challenged in the courts
By Michael O'Boyle and Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 04 23 2021
LIMA/BOGOTA
Petroleumworld 04 23 2021
TalCual
Petropiar is a joint venture of PDVSA with Chevron
- Orinoco Belt output falls to 238,000 b/d
- Petropiar operating at an average of 35,000 b/d
By Mary Mogollon/Platts
CARACAS
Petroleumworld 04 19 2021
Alejandro Cegarra /Bloomberg
AMLO got help from Mexico lawmakers to remove curbs to Pemex in new fuel market bill
- Bill limits scope for promoting competence in Mexico's market
- Nationalist government is pushing to reverse energy opening
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 04 22 2021
Luc Cohen /Reuters
Aruba's state-owned refining company Refineria di Aruba (RdA) is seen in San Nicolas
By Luc Cohen/Reuters
SAN NICOLAS, Aruba
Petroleumworld 04 21 2021
Amanda Perobelli /Reuters
Brazil sees solar rush ahead of cut in subsidies for new projects
By Luciano Costa/Reuters
RIO
Petroleumworld 04 21 2021
Guyana planning to offset Exxon FPSO crude output cuts
Kaiteur News
ExxonMobil Liza Destiny floating production vessel (FPSO) unable to solve technical issues.
By Canute James/Argus
PORT SPAIN
Petroleumworld 04 20 2021
Guyana is considering unspecified economic measures to cushion the impact of repeated production cuts from US major ExxonMobil's deepwater Stabroek block, the natural resources ministry said.
NEW YORK
Petroleumworld 04 20 2021
- US thirst for HSFO alleviates Pemex's excess
- A tighter global supply of heavy sour crude last year helped Mexico's HSFO
By Sergio Meana and Carla Bass /Argus
RIO
Petroleumworld 04 19 2021
Rig Lynx
Seadrill's West Tellus rig hired
- Campaign to cover BC-10 infilling
- First wells at C-M-791 block
By Jeff Fick/Platts
RIO
Petroleumworld 04 19 2021
AMLO fuel market bill approval allows permits to be suspended
Cesar Rodriguez/Bloomberg
An Ener gas station in Xalisco, Nayarit state, Mexico
- Mexico lower House passes bill, moves closer to fuel controls
- Rules would give Pemex more control over Mexican fuel market
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 04 15 2021
FdT
Promotion of the bill is a priority: energy secretary, Dario Martínez
- Next challenge is to build up infrastructure capacity to sustain the growth
- Legislation intended to create clear, stable conditions for investment
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 04 16 2021
Ecuador detained fourteen top officials in Petroecuador graft probe
El Universo
Oil Minister Rene Ortiz in picture urges Petroecuador to "act decisively in the face of such acts that cause enormous damage to the country"...and to "take energetic actions to get to the bottom of the cases".
- Comptroller and previous Petroecuador CEO among those detained
- Scandal follows guilty plea of bribery by former Gunvor trader
By Stephan Kueffner/Bloomberg
QUITO
Petroleumworld 04 15 2021
- To lag pre-pandemic levels for second year
- Mexico could pass law aiming to give Pemex more market control
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 04 15 2021
Nagamine/Fiesp/Divulgac¸a~o
Army General Taking Petrobras Helm After Bolsonaro Shakeup
- Directors have stepped down as market-friendly CEO departs
- Investors fret over future fuel price policy, refinery sales
By Peter Millard and Vinicius Andrade/Bloomberg
RIO/SAO PAULO
Petroleumworld 04 14 2021
bessfm.com
In Venezuela Bond Market, Gunmen and Bags of Cash Are Required
- Financial system so limited that dollar transfers not possible
- Buyers whisk thousands of dollars through crime-filled Caracas
By Nicolle Yapur/Bloomberg
CARACAS
Petroleumworld 04 14 2021
AFP/Rodrigo Buendia
Pemex Trading Arm's Chief Financial Officer Resigns
- Ramirez is fourth company director to leave in as many months
- Pemex hasn't yet nominated the new PMI chief financial officer (CFO)
By Amy Stillman/Bloomberg
MEXICO CITY
Petroleumworld 04 13 2021
vacamuertaweb
But with rigs sidelined, decline is imminent as new wells can't be connected
- Health workers, truckers blocking roads
- Production has held so far
By Charles Newbery/Platts
BUENOS AIRES
Petroleumworld 04 13 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!
Norway 
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