(Barron’s, Evie Liu, 29.Jan.2019) — New U.S. sanctions on Venezuela’s state-owned oil giant not only place more pressure on Venezuelan President Nicolás Maduro’s regime, but also on some U.S. refiners...
(Reuters, 25.Jan.2019) — U.S. oil refiners said they would comply with the Trump administration's new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA)...
(CNN, Matt Egan, 29.Jan.2019) — The United States and Venezuela are going through a painful divorce that will have sweeping consequences for the global oil industry. US oil prices surged...
(CNN, Jack Guy, 29.Jan.2019) — Thousands took to the streets in Venezuela last week to demand the resignation of president Nicolas Maduro. Amid the protests, opposition leader Juan Guaidó declared...
(Bloomberg, Dhwani Pandya, Serene Cheong, and Debjit Chakraborty, 29.Jan.2019) — After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has...
(Reuters, 29.Jan.2019) — The United States imposed heavy sanctions on Venezuela’s oil industry on Monday, looking to cut off President Nicolas Maduro’s primary source of revenue. The sanctions limit transactions...
(Petrobras, 29.Jan.2019) — Petrobras received a letter from Mr. Lauro Cotta, appointed to occupy the position of Chief Strategy, Organization and Management System Executive Officer, communicating that, for particular reasons,...
(Reuters, Deisy Buitrago and Mircely Guanipa, 28.Jan.2019) — Shock and fear swept through the headquarters of Venezuela’s state-owned oil firm, PDVSA, on Monday, employees said, after the United States imposed...
(Stabroek News, Phil Miller, 28.Jan.2019) — Guyana’s High Commission in London threw open its doors on Thursday night to tell investors about the country’s newly discovered oilfields. Tellingly, the event...
(Reuters, Mitra Taj and Michael Nienaber, 28.Jan.2019) — When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening...
(Reuters, 28.Jan.2019) — Mexico is not considering importing any more crude oil after it imported from the United States at the end of last year, Energy Secretary Rocio Nahle told...
(Dialogo Chino, Mat Youkee 28.Jan.2019) — The Rupununi savannah of southern Guyana is one of the most biodiverse regions of South America, home to jaguars, Harpy eagles and the world’s...
(Energy Analytics Institute, Aaron Simonsky, 28.Jan.2019) — Heard on the street and LatAmNRG briefs on India eyeing Argentina’s Vaca Muerta formation; Argentine Energy Secretariat delays publication of important resolution; gas...
(Sempra, 28.Jan.2019) — Sempra Energy announced that, as part of its increasing focus on North American markets, the company is initiating the process to sell its equity interests in its...
(AP, Matthew Lee and Deb Riechmann, 28.Jan.2019) — The Trump administration on Monday sanctioned Venezuela’s state-owned oil company, ratcheting up pressure on socialist President Nicolas Maduro to cede power to...
(Reuters, Erwin Seba, Jessica Resnick-Ault, 28.Jan.2019) — Chevron Corp has agreed to buy a Texas oil refinery with a troubled past and space to handle a coming flow of shale...
(Stabroek News, 28.Jan.2019) — With first oil expected by year end or early 2020, the Alliance for Change (AFC) yesterday said it supports the use of the expected revenue to...
(Petrobras, 28.Jan.2019) — Petrobras reports that yesterday (01/27), there was a fire in the storage area of materials used in oil exploration and production activities, located in the Intermodal Terminal...
(Jamaica Gleaner, David Jessop, 27.Jan.2019) — Last Wednesday Juan Guaidó, the President of Venezuela’s National Assembly, took an informal oath of office and declared himself the country’s interim president. In...
(Energy Analytics Institute, Aaron Simonsk, 26.Jan.2019) — Natural gas production in Neuquén at year end 2018 reached its highest market in a decade, topping out at 70 million cubic meters...
(Energy Analytics Institute, Piero Stewart, 25.Jan.2019) — “Citgo is owned by the Venezuelan State, by PDVSA, and only PDVSA can determine the affairs of Citgo,” said Venezuela’s President Nicolas Maduro...
(Jamaica Gleaner, 25.Jan.2019) — Russia, China, Iran, Syria, and Cuba have come down on one side. The United States, Canada, and countries in Western Europe are on the other. As...
(Energy Analytics Institute, Aaron Simonsky, 25.Jan.2019) — Argentina could return to exporting biofuels to Europe starting in mid-February 2019. The finally decision depends on the outcome of negotiations being carried...
(WoodMac, 25.Jan.2019) — CNOOC Ltd announced its strategic plan for 2019, setting a bullish tone for the rest of the Chinese national oil companies to follow. Wood Mackenzie’s senior analyst...
(Reuters, Marianna Parraga and Corina Pons, 25.Jan.2019) — Venezuela’s most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal...
(Petrobras, 25.Jan.2019) — Petrobras, following up on the press release of 08/29/2018, informs that Paulínia Refinery (Replan) has resumed, today, 100% of its nominal production capacity with the return of...
(New Fortress, 25.Jan.25.2019) — New Fortress Energy LLC (NASDAQ: NFE) announced that following its recent nine-day roadshow, it has filed an amendment to its registration statement on Form S-1 with...
(Reuters, Devika Krishna Kumar, 24.Jan.2019) — Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and...
(Albemarle, 24.Jan.2019) — Albemarle Corporation reached an agreement with the Chilean Economic Development Agency (Corfo) on the process for establishing and validating the preferential price and terms to be offered...
(Oilprice.com, Tsvetana Paraskova, 24.Jan.2019) — Five years after former president Enrique Peña Nieto ended Pemex’s monopoly and opened Mexico’s oil industry to private foreign investment, the new administration is betting...
(S&P Global Platts, 24.Jan.2019) — Venezuela’s self-declared interim president, Juan Guaido, will announce plans to revamp the board of Citgo Petroleum to give the embattled refiner fresh leadership and ease...
(Energy Analytics Institute, Piero Stewart, 24.Jan.2019) — Hyperinflation in Venezuela is expected to exceed 10,000,000% in 2019, reported online media El Nacional, citing data from the International Monetary Fund (IMF)....
(Siemens Gamesa, 24.Jan.2019) — Siemens Gamesa Renewable Energy (SGRE) recently signed its third contract with Voltalia in Brazil to supply the wind project Ventos da Serra do Mel 2 (VSM...
(McDermott, 24.Jan.2019) — McDermott International, Inc. announced today a significant contract award by BP Trinidad & Tobago, LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression...
(CF Industries, 24.Jan.2019) — Granular urea, with a 46 percent nitrogen content, is a solid nitrogen fertilizer product. Produced from ammonia and carbon dioxide, it has the highest nitrogen content...
(Market Watch, Myra P. Saefong, 23.Jan.2019) — Venezuela’s political turmoil may lead to a near-term shortage of crude for some U.S. refiners. But in the long run, it could lead...
(Bloomberg, Tina Davis and Javier Blas, 23.Jan.2019) — Will there be two OPEC presidents now? With Venezuela boasting two proclaimed heads of state, it’s worth remembering that the nation with...
(Bloomberg, Lucia Kassai, Jennifer A Dlouhy, and David Marino, 23.Jan.2019) — The Trump administration has drafted a slate of sanctions but hasn’t decided whether to deploy them, said people familiar...
(Energy Analytics Institute, Ian Silverman, 23.Jan.2019) — Construction of the New Ninacaca Supply Plant in Peru will be comprised 100% of an unskilled labor force from Pasco. The plant will...
[caption id="attachment_6522" align="alignright" width="300"] Nicolas Maduro. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 23.Jan.2019) — The intention of the U.S. government is to expropriate Venezuela’s crude oil, gold, and natural...
(Talos Energy, 23.Jan.2019) — Talos Energy Inc. provided an update on the Zama appraisal in Block 7 offshore Mexico. Talos is the operator of Block 7 in a consortium with...
(S&P Global Platts, 23.Jan.2019) — The US continues to consider sanctions on Venezuelan oil exports, potentially complicating a major source of crude for US Gulf Coast refiners, as key Trump...
(Reuters, Gram Slattery, 23.Jan.2019) — Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two...
(Petrobras, 23.Jan.2019) — Petrobras announced that the Administrative Board of Tax Appeals (CARF) issued yesterday, by a majority vote, an unfavorable decision on a tax administrative proceeding that addresses the...
(Oilfield Technology, David Bizley, 23.Jan.2019) — Petrobras and PDVSA are the top spenders among all oil and gas companies in South America, in terms of new build capital expenditure (CAPEX)...
(Department of Public Information, Synieka Thorne, 22.Jan.2019) — Consolidated Supply Management (CSM) and Danco Logistical Contractors Incorporated have announced the merger of their resources to create Guyana’s third shore base...
(Bloomberg, Vinícius Andrade, 22.Jan.2019) — For investors looking to get in on the equity boom in Brazil via commodity titans Vale or Petrobras, JPMorgan has some ideas about the best...
(Petrobras, 21.Jan.2019) — Petrobras announced it received a communication from its controlling shareholder with the appointment of the Professor Nivio Ziviani to exercise the position of member of its Board...
(Wood Mackenzie, 21.Jan.2019) — Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering...
(Costa Rican Times, 21.Jan.2019) — Costa Rican power utility Instituto Costarricense de Electricidad (ICE) said Wednesday that the country’s national electric system has reached 407.77 MW of installed wind capacity,...
(Energy Analytics Institute, Piero Stewart, 21.Jan.2019) — Representatives from companies in Venezuela discussed strategies to recuperate production from blocks located in the Hugo Chávez Orinoco Belt, or the Faja. The...
(Reuters, 20.Jan.2019) — Colombian state-run oil company Ecopetrol SA said on Sunday a bomb attack on the Transandino pipeline caused spillage in southwestern Narino close to the border with Ecuador....
(PetroPlaza, 20.Jan.2019) — Owned by the Andreu carrier company from Mendoza, the new fleet will carry the Virtual Gas Pipeline, the system used by Galileo Technologies to distribute gas as...
(Reuters, 20.Jan.2019) — Mexico’s state oil firm, Pemex, did not close the valve at a leaking gasoline pipeline when first notified because it was not initially thought to be an...
(The Costa Rica Star, Laura Alvarado, 20.Jan.2019) — Costa Rica will host the Pan-American Marine Energy Conference (PAMEC-2020), January 26 through January 29, 2020, an event where experts will be...
(Spectrum, 10.Jan.2019) — Spectrum is commencing a large 3D seismic survey in the Potiguar basin offshore the Equatorial Margins of Brazil. This survey comprises 10,700 square km covering blocks that...
(Oilprice.com, Irina Slav, 18.Jan.2019) — Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on...
(Rystad, 17.Jan.2019) — While Hamlet’s famous ‘to be or not to be’ questioned the existential, E&P’s will look to answer more concrete questions this year when evaluating projects for sanctioning....
(Reuters, 17.Jan.2019) — Brazil’s state-run oil company Petrobras on Thursday said it had lost an appeal in a Brazilian tax court and will have to pay an additional 1.5 billion...
(Bloomberg, Pablo Rosendo Gonzalez, 17.Jan.2019) — Latina Offshore Ltd., which missed a debt payment this month, is working along with one of the consortia invited by Petroleos Mexicanos to submit...
(Reuters, 17.Jan.2019) — Traders of refined petroleum products said on Jan. 16 that pipeline system problems in Mexico may explain the third straight record increase in U.S. Gulf Coast gasoline...
(Mexico Pacific, 17.Jan.2019) — Mexico Pacific Limited, LLC, the owner and developer of a liquefied natural gas (LNG) project on the Gulf of California in Mexico, announced today that Sarah...
(Petrobras, 17.Jan.2019) — Petrobras announces that the Administrative Board of Tax Appeals (CARF) issued today, by a casting vote, an unfavorable decision on a tax administrative proceeding that addresses the...
(Seeking Alpha, Carl Surran, 16.Jan.2019) — The White House National Security Council has told some U.S. refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition...
(Kessler Topaz, 17.Jan.2019) — The law firm of Kessler Topaz Meltzer & Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Tenaris S.A. on...
(Petrobras, 17.Jan.2019) — Petrobras, following up on the Material Facts disclosed on 07/03/2018, announced its Executive Board decided to resume the competitive processes for the sale of a 90% stake...
(ERES, 16.Jan.2019) — Energy Real Estate Solutions (ERES) opened its first international office in Neuquén, Argentina. The announcement marks a move by the company to provide boots-on-the-ground support to meet...
(Jamaica Gleaner, Avia Collinder, 16.Jan.2019) — A &A Lime Hall Development Limited, a company incorporated in 2004 as a rental service in Montego Bay, St James, has offered PDV Caribe...
(Jamaica Gleaner, Livern Barrett, 16.Jan.2019) — Amid calls by the parliamentary Opposition for the Government to reconsider its decision, the special legislation being crafted to sanction the decision by the...
(Tullow, 16.Jan.2019) — Tullow Oil plc issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2018. This...
[caption id="attachment_6297" align="alignnone" width="1024"] Source: La Jornada[/caption] (Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Heard on the street and LatAmNRG briefs on Mexican petroleum sector backs AMLO actions against fuel...
(Talos Energy, 16.Jan.2019) — Talos Energy Inc. announced full year 2019 operating and financial guidance (2019 Plan) and provided an update on recent events and well results. 2019 Plan Objectives...
(Petrobras, 16.Jan.2019) — Petrobras informs that it received a letter from Mr. John Milne Albuquerque Forman resigning from his nomination, by the controlling shareholder, to be a member of the...