PW
WORLD

 

PW
Español

 

PW
Guyana


P
W
Trinidad
& Tobago

 

Prices
 

 





Very usefull links





Institutional
links

 


OPEC
\



TT My Energy

 




 



IAEA


 

 



 


PW
Business Partners


IRAQ OIL

THE FORUM


Blogspots

The Global Barrel

Tiempo Culural

Gustavo Coronel

Iran Watch.org

Le Blog des
Energies Nouvelles

News Links

AP

AFP

Aljazeera

Dow Jones

Reuters

Bloomberg

Views and News
from
Norway

 

PW
Bookstore

 

 

 

 

Petroleumworld Top Headlines
Stories are not allways available on the Petroleumworld site after 360 days.

PW Previous News Headlines

Top Headlines 2017 Jan-Jun

Top Headlines 2017 Jun-Dec

Top Headlines 2018 Jan- April

Top Headlines 2018 May - Jun

Top Headlines 2018 Jul - Sep

Top Headlines 2018 Oct - Dec

Top Headlines 2019 Jan - Jun

Top Headlines 2019 Jun - Dec

Top Headlines 2020 Jan - Jun

Top Headlines 2020 Jul -Dec 

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

Puerto Rico's new energy company has a rocky start with a fire, cyberattack

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

Mexico's SAT grant Pemex exclusive permits over oil imports and exports

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

Pemex bonuses to its oil traders up in the air

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

AMLO to continue with Mexico's energy reform agenda despite midterm losses

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

Brazil and Mexico biggest foreign buyers of U.S. fuel about to step on the pedal



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

Saipem, DSME signs deal with Petrobras for for eighth Buzios FPSO

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

Peru waits for the next president as a very close vote count divide the country

Ipsos

By Marco Aquino and Stefanie Eschenbacher/Reuters

LIMA
Petroleumworld 06 14 2021

New discovery offshore Guyana at Longtail-3 on Stabroek block

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

Mexico's "Green Party" could be key to AMLO agenda

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

Mexican Federal court extends Pemex market limit ruling

Reuters

PEMEX will now have to resume submitting its wholesale prices.

By Sergio Meana / Argus

MEXICO CITY
Petroleumworld 06 10 2021

Pemex's partner Talos Energy on a green drive entersC02 capture business

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

Peru leftist Castillo signals victory in a very close election

Miguel Yoverra/Bloomberg

Pedro Castillo

By Maria Cervantes/Bloomberg

LIMA
Petroleumworld 06 09 2021

AMLO's losing super-majority in the lower house, Mexico City not longer a stronghold

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

Peru's under uncertainty as Fujimori claims vote fraud

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

AMLO loses super-majority, early count shows

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

Petroecuador force majeure at Eden Yuturi field block 12 puts 90,000 b/d of oil at risk

redamazonica.org

Indigenous community has blockaded the field since May 10

- 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

Ankit Desai, former Biden aide to lobby for India base Reliance on Venezuela ban

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

Puerto Rico: Luma is running the grid with serviceless' areas, strike threats

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

JV's, IOCs, contractors urge PDVSA to pay debts



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

Venezuela's new upstream oil deals hinge on oil law reform

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

Colombia hit by unrest, losses soar in ports, mines and refineries

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

PDVSA in a bold move to convert heavy oil upgraders into making fuel

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

Mexico buys Shell's Deer Park Houston Refinery

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

Curacao's Govt to auction off PDVSA's oil inventories

Laika ac

RdK, Curacao Oil Refinery Complex in tentative agreement to operate refinery

- 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

PetroBAL's financing deal on Mexico's oil and gas reserves boost confidence


Confidence in Mexican oil, gas upstream gets boost from reserves-based lending deal

- 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

Mexico open to working with US, Canada on energy law concerns

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

Petrobras with Luna at the helm rises to most since February

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

Chile's government suffers beating defeat

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

Mexico not using its potential in the north east with current energy policy

NGI 2018 Mexico oil & gas plays

Non-Conventional natural gas resources also promising

- 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

Peru leftist presidential candidate sees poll lead vaporize

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

Mexico's power plants burning sulfurous fuel oil so dirty ships can't use it

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

Lawyer Donziger who sued Chevron over Ecuador pollution faces criminal contempt

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

Guyana to launch bidding rounds for oil blocks by early 2022

OilNow

Guyana to seek bids for oil blocks in policy change

By Argus

GEORGETOWN
Petroleumworld 05 12 2021

Guaido call for an electoral accord with regime, using sanctions relief as incentive

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

In cash crunch Pemex delays payments to oil partners

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

Venezuela's regime and Washington are sending signals of tentative detente

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

Violent anti-government protests cut off 40pc of Colombia LPG market

Ivan Valencia/AP

The police are trying to unblock the roadblocks erected by demonstrators.

By Diana Delgado/Argus

BOGOTA
Petroleumworld 05 10 2021

Pemex not to renew storage contracts with Marathon, restoring dominance

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

First oil out from Trinidad's Ruby field -BHP

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

Mexico's Dos Bocas refinery costs to rise by 40pc

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

Brazil fuel prices with oil climbing, Petrobras to keep retail prices competitive

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

Chile gearing up a US$300 million H2 fund

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 Oil to drill at second block, Pemex approved for Pokche and Teca -CNH


- 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

"Enough of looting my people" -Peru leading candidate Castillo

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

Venezuela gives CITGO 6 oilmen house arrest in gesture to Biden

enlacejudio.com

Watch video -Citgo 6: Venezuela gives US oilmen house arrest

By Joshua Goodman/AP

MIAMI
Petroleumworld 05 03 2021

Protesting workers lift Vaca Muerta roadblocks

NA

Protesting workers to move to different parts of the province

By Buenos Aires Times

BUENOS AIRES
Petroleumworld 05 03 2021

Brazil's offshore wells to quadruple in 2021 -ANP

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

Chile committed to eliminate coal in electricity generation

eldinamo.cl

Soon Chile will “ leave the era of coal behind,” said Energy Minister Juan Carlos Jobet

By MercoPress

MONTEVIDEO
Petroleumworld 04 30 2021

Petrobras sells gas pipeline for $5.2B

Sergio Moraes/Petrobras

Energy giant divestment plan to sell $15.1 billion in assets

By Ovunc Kutlu/Anadolu

NEW YORK
Petroleumworld 04 29 2021

Mexico's oil and gas local supply chain need incentives -AMEXHI

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

Argentina’s Vaca Muerta drilling grinds to halt as protest continue

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

Petroecuador cancels an unusual very long-term No. 6 fuel oil tender

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

US gas exports to Mexico could hit record highs in April

- 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

India eyes Guyana for long-term crude oil deal

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

Mexico set to continue to pass laws restricting competition

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

Mexico rolling back competition reforms in the fuel market

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

Peru most favor presidential candidate could nationalize gas and mines

Twitter:Peru Libre

Pedro Castillo, far-left Peru presidential hopeful eyes gas, mine takeovers

By Lucien Chauvin and Patricia Garip/Argus

LIMA/BOGOTA
Petroleumworld 04 23 2021

PDVSA Petropiar oil field shutdown for maintenance

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

Aruba looks towards a LNG terminal in the long-idled oil refinery

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

Brazil ends subsidies for new solar projects

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.

Owens-Illinois branch defends subpoena of PDVSA chairman Medina

PDVSA

OIEG wants to satisfy arbitral judgment through acquiring PDVSA's shares of PDV Holding Inc.,
the U.S. branch of PDVSA and the parent of petroleum company Citgo.

By Morgan Conley/Law360

NEW YORK
Petroleumworld 04 20 2021

Pemex HSFO fuel oil bound to the U.S. market Mexico fuel oil exports 2020


- 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

Shell Brazil with drilling campaign in 2021, starting at the Campos Basin's BC-10 block

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

Argentina promoting bill aimed at increasing up oil, gas production

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

Pemex gasoline sales forecast 16% lower than in 2019


- 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

General Joaquim Silva e Luna commanding Petrobras

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

Venezuela a most primitive bond market, guns and bags necessary

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

Pemex PMI CFO Vanessa Ramirez resigns

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

Vaca Muerta on sixth day of protest faces oil, gas production decline

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

Conservative Lasso ex-banker wins elections in Ecuador

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

ConocoPhillips vs Venezuela: Interim receiver appointed for PetroCaribe funds

Jamaica Gleanner

Jamaica pulled into ConocoPhillips, Venezuela battle

By Huntley Medley/Jamaica Gleaner

Kingston
Petroleumworld 04 12 2021

Petrobras fuel pricing policy could change -Bolsonaro

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

PDVSA switch crude oil for exports prioritizing gasoline and diesel production

offshore-technology.com

Venezuelan crude flow recedes on diluent gap

By Argus

CARACAS
Petroleumworld 04 09 2021

Ex-Gunvor trader affirm his superiors approve of Petroecuador's bribes

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

Quick Take: Why Ecuador's runoff Sunday's election is important

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

Mexico minister Nahle charges fuel retailers of nicking subsidies

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

Ex-Gunvor trader pleads guilty to running bribery scheme with Petroecuador officials

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

Sempra selling infrastructure including Mexican renewables for $3.37 billion

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

Mexico is deteriorating its climate for energy investors - U.S. voices

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

PDVSA to increase fuel production in April - company manager

PPSA

PdV (PDVSA) plan to restarting 190,000 b/d Puerto La Cruz by 3 April and 146,000 b/d El Palito by
the third week of April

By Argus

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

Buenos Aires plays default hardball

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

Ex-Braskem CEO to plead guilty in Odebrecht bribery and fraud scandal

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
.

Venezuela's Maduro 'oil-for-vaccines' plan seeks to sideline opponents

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

Mexican President plays the nationalism card with the new energy reform law

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

ISA CEO satisfied with Ecopetrol's assuring of no meddling if buys the company 

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

Emerging markets either keep fuel subsidies or combat climate change

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

Pemex and Talos negotiations over Zama oil field could take some time

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

Guyana Liza Phase 1 achieved nameplate output capacity of 120,000 b/d -Hess

thehabarinetwork.com

Stabroek Block offshore Guyana

- 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

Judge Moro biased in Lula ruling -Brazil's top court

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

Jaguar E&P ready to help Mexico to be more independent from Texan gas

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

Heir of family tycoon pursuing bargain deals in Venezuela

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

Oil executives weigh a return to Venezuela

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

Mexican court ruled a definitive suspension on electricity law

Ueslei Marcelino/Reuters

President Andres Manuel Lopez Obrador says top court should rule

By Adriana Barrera/Reuters

MEXICO CITY
Petroleumworld 03 22 2021

México ayudará a Pemex amortizando US$6,400M en deuda este año

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

Empresas privadas venezolanas buscan importar diésel desde Colombia por escasez

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

'Citgo Six' were jailed for a deal known to Venezuelan ministers

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

YPF increases diesel, gasoline prices to invest in crude output

Getty

Listen: Mexico aims to make a revitalized Pemex an engine for economic development

- 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

Canada 'concerned' with AMLO new electricity law will harm investments

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

Colombia on less addiction to oil boost copper riches and cleaner energy

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

Peru election favorite Yonhy Lescano vows to spread mining riches, import natgas

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

Pemex new discovery of possible billion-barrel field

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

Govt intervention seen distorting power markets, delaying investments in Latam

Chris Hunkeler/Flickr

Political intervention, institutional weakness undermine LatAm regulators: panel

- Ideological charge unavoidable, but technical expertise needed
-
Regulatory stability key for investments

By Sheky Espejo/Platts

HOUSTON
Petroleumworld 03 15 2021

AMLO's new Electricity Law suspended by Mexican federal court

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

Venezuela's Gas Stations under Capitalism Maduro-style

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

Argentina to frack in Vaca Muerta or to commit on climate goals

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

Total and Apache JV to keep drilling in Suriname after test well instability

Total

Total-Apache FID in Suriname expected in late 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

Petrobras' Carwash graft convictions may get thrown out

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 increase drilling at its ITT's Amazon oil fields to boost output

Georg Ismar/Alamy

A flame flares at the oil production facility on the border of the Yasuní national park in Ecuador.

- 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

Petrobras hike domestic diesel, gasoline prices effective March 9

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

Mexico's "Sembrando Vida" tree-planting program ended up in deforestation


Source: World Resources Institute estimates


By Max De Haldevang/Bloomberg

MEXICO CITY
Petroleumworld 03 09 2021

Valero to reroute Mexico imports, double capacity ofstorage network

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

U.S. Virgin Islands refinery to test Biden's promises on poverty and pollution

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

Mexico and Brazil fuel demand fizzles out amid renewed virus restrictions

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

Industry and consumers prepare legal battle against Mexico new electricity law

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

U.S. lawmakers want Blinken to appoint special envoy for Venezuela

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: Brazil, Colombia counting on gas as energy transition strategy

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: Colombia accelerating reforms to attract clean energy investment -Duque

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

Bondholders pushing for payment of Venezuela defaulted 2025 notes


- 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

Venezuela oil exports plunge 13% after U.S. sanctions on key traders



- 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

Uruguay's Ancap moves toward the hydrogen clean-energy era

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 reports first back-to-back earnings in years on currency

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

General Silva e Luna new Petrobras CEO will learn on the Job

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

Ecopetrol to invest $600 million in U.S. Permian Basin

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

Petrobras' new CEO seeks investment, less volatility

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

Mexico's new energy rules could hurt competitiveness, move to benefit Pemex

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

Petrobras takes down the Real in Brazil's worst rout in months


- 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

- 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

Pemex gets a tax break of $3.6 billion


- 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 new CEO cost in value $19 billion over two days


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

Mexico could develop gas storage capacity to prevent Texas supply cut

Oilprice


Storage capacity shortage identified by previous administration

- 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

Guyana revise its crude oil expectations, cautious on 2021 oil price

villagevoicenews.com

Finance minister Ashni Singh.

- Guyana's oil income has reached $206.6mn
- Forecasts output of 750,000 b/d by 2026.

By Canute James /Argus

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

Ecuador to recount votes between Perez and Lasso for presidential runoff candidate

Johis Alarcon/Bloomberg

Officials gather ballots at a polling station during the first round of presidential elections in Quito, Ecuador, on Feb. 7. 

- 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

CFE to cancel Mexico's independent power contracts

Luis Antonio Rojas/Bloomberg

Mexico's CFE Aims to Consolidate Power -Bloomberg

By Rebecca Conan /Argus

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

Biden soft move on sanctions could revive Caribbean crude oil tanker loadings

Reuters


Aframax Caribbean-USGC runs down 75% in 2020 from 2016

- 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

Ecuador's Sunday vote key for the financial markets

americasquarterly.org


Andres Arrauz -Democratic Center, Guillermo Lasso -Conservative, Yaku Pérez -Environmental activist

- 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

Fracking activity in Vaca Muerta hits 17-month high in January

opsur.org.ar


Argentina's Vaca Muerta activity was up 39% on month, nearly double on year.

- 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

Petrobras shows record oil exports

Andre Ribeiro/Petrobras

Petrobras had its best operating performance in 2020

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

Grupo de Energía de Bogota-GEB takes on Ecopetrol in battle for Isa

GEB

GEB líder en energía eléctrica y gas natural en Colombia, con presencia en Colombia, Perú, Brasil y Guatemala.

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

Colombia and Brazil oil exports rose despite pandemic

eppetroecuador.ec

In 2020 Ecopetrol also found new homes for its crudes, including renewed exports to South Korea
and India and exported about 411,000 b/d globally.

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

Ecopetrol shares dive on a bid for stake in Interconexion Electrica -ISA


Medellin-based ISA operates electricity transmission and telecommunications lines, as well as highways,
in several Latin American countries.

- 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

Ecuador to offer concession for the legacy 67,000 b/d Sacha oil field

Map:Amanda Henley

Sacha, next to Block 18 and Palo Rojo field

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

US Treasury sanctions European oil for violating Venezuelan crude oil sanctions

US Treasury


Moves come on Trump's last full day in office

- 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

Ecuador refinery project president Moreno's legacy on its reform effort

karmaimpact.com


The Esmeraldas refinery project could be supported by the government's new $2.8bn framework agreement
with the US development bank DFC to refinance debt and support private sector investment.

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


Mexico's Nuevo Leon industrial hub most to loose in energy reform shift

Bloomberg


Mexico's industrial hub Mexico's industrial hub

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

- Partners abandoning PDVSA
- Attempting to lure foreign capital

By Mery Mogollon/Platts

CARACAS
Petroleumworld 01 05 2021

Venezuelan oil exports sink as OPEC+ increase output


- 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!

Twitter: @petroleumworld1

 

 

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2021, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2021, Petroleumworld ™  / Elio Ohep - All rights reserved

 

 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.