(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...
(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...
(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...
(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...
(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, 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...
[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...
(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...
(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...
(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...
(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...
(S&P Global Platts, 16.Jan.2019) — The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition within...
(EOG, 15.Jan.2019) — EOG Resources, Inc. will host a conference call and webcast to discuss fourth quarter and full year 2018 results on Wednesday, Feb. 27, 2019, at 9 a.m....
(Oilprice.com, Matthew Smith , 14.Jan.2019 ) — The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global...
(The Wall Street Journal, Kejal Vyas, 14.Jan.2019) — The U.S. is evaluating whether to impose tougher sanctions against Venezuela’s military and vital oil industry, a senior Trump administration official said...
(CMC, 11.Jan.2019) — Venezuela has disputed Guyana’s account of what Georgetown said was the dangerous incursion into local waters after a Norwegian ship hired by ExxonMobil was “intercepted” by a...
(Pemex 9.Jan.2019) — Jointly with the Secretariat of Finance and Public Credit (initials in Spanish: SHCP), the Corporate Financial Office of Petróleos Mexicanos is currently on a two-day working tour...
(Reuters, 8.Jan.2019) — Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had...
(Reuters, Luc Cohen and Brian Ellsworth, 7.Jan.2019) — Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent...
(ExxonMobil, 7.Jan.2019) — ExxonMobil has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which...
(T&T Energy Chamber CEO Thackwray ‘Dax’ Driver, 6.Jan.2019) — Trinidad & Tobago’s energy sector is predicted to make a modest recovery in 2019, on the back of increased natural gas...
(Reuters, Gram Slattery, 3.Jan.2019) — Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil’s Petroleo Brasileiro SA, will either save the indebted oil major -...
(Energy Analytics Institute, Piero Stewart, 27.Dec.2018) — Petroecuador completed its fourth spot market sale of crude oil in 2018, with the export of 1,080,000 barrels of Oriente crude of 24-degree...
(Oilprice.com, Nick Cunningham, 27.Dec.2018) — Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A...
(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) — Shares of Goldman Sachs shares have fallen 30% due to the investment firm’s decision to finance the Venezuelan government, reported online media El...
(Reuters, 25.Dec.2018) — Venezuela’s foreign ministry on Tuesday described as “interventionist and disrespectful” U.S. comments on a weekend incident in which the country’s navy stopped two ships exploring for oil...
(Energy Analytics Institute, Piero Stewart, 24.Dec.2018) — Rowan Companies plc, a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 self-elevating...
(Energy Analytics Institute, Piero Stewart, 24.Dec.2018) — Rowan Companies plc, with a fleet that operates worldwide, including the U.S. Gulf of Mexico, the UK and Norwegian sectors of the North...
(Oilprice.com, Irina Slav, 24.Dec.2018) — Exxon has suspended exploration activities in the western part of the Stabroek block offshore Guyana after the Venezuelan Navy intercepted this weekend two exploratory vessels...
(Reuters, 24.Dec.2018) — Exxon Mobil and a seismic research company it hired to search for oil off the coast of Guyana declined on Monday to say when they might resume...
(Energy Analytics Institute, Jared Yamin, 20.Dec.2018) — ExxonMobil was named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in...
(Oilprice.com, Tsvetana Paraskova, 20.Dec.2018) — U.S. oil production will continue to grow at a rapid pace until 2025, while Venezuela’s crude output is set for further declines, Fatih Birol, the...
(Enel Generación Chile, 19.Dec.2018) — ENEL GENERACIÓN CHILE S.A. announced that its Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares (ADSs) from The New...
(S&P Global Platts, 19.Dec.2018) — OPEC enters a pivotal third year of production cuts in a volatile oil market with its least experienced minister at the helm. Venezuela’s Manuel Quevedo,...
(The E.W. Scripps Company, 18.Dec.2018) — A new American fossil fuel boom is ushering in an onslaught of health and climate problems from West Texas to Bangladesh, according to a...
(Energy Analytics Institute, Ian Silverman, 18.Dec.2018) — Heard on the street and other LatAmNRG briefs from BPTT and its sanction for two new gas developments in Trinidad, President Energy’s success...
(Petrobras, 18.Dec.2018) — Petrobras reports that its Board of Directors approved in a meeting held today, the advance distribution of earnings to shareholders as Interest on Capital (IOC), as defined...
(Rowan, 18.Dec.2018) — Rowan Companies plc announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for...
(AFP, 17.Dec.2018) — A major group of indigenous people living in Argentine Patagonia are taking some of the world's biggest oil and gas multinationals to court for “environmental contamination,” Greenpeace...
(NGI, Christopher Lenton, 17.Dec.2018) — Though hydraulic fracturing (fracking) has transformed the energy sector in the United States, only Argentina in Latin America has followed its lead in commercially developing...
(KBR, Inc., 17.Dec.2018) — KBR, Inc. has developed a new Propane Dehydrogenation (PDH) technology (K-PRO™) that offers high propylene selectivity and conversion. This technology is based on KBR’s catalytic olefins...
(Total, 14.Nov.2018) — Modern engines need a modern motor oil to keep them efficient and running strong. Through ongoing innovations to meet advancements in engine technology, Total is upgrading its...
(Orb Media Inc., 14.Dec.2018) — New Orb Media Inc. reporting and data analysis shows consumers are extremely worried about plastic's impact on the world. There is widespread public confusion regarding...
(Kahn Swick & Foti, 14.Dec.2018) — Kahn Swick & Foti, LLC (KSF) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until...
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 13.Dec.2018) — Heard on the street and other LatAmNRG briefs from South America’s Guyana, which expects first oil to start flowing in...
(OilPrice.com, Irina Slav, 12.Dec.2018) — Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex...
(Reuters, 12.Dec.2018) — U.S. oil and gas producer Hess Corp. said Dec. 12 it expects output of barrels of oil equivalent to grow more than 10% per year compounded through...
(Hess Corporation, 12.Dec.2018) — Hess Corporation provided a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s...
(CITGO, 11.Dec.2018) — CITGO Petroleum Corporation presented twenty scholarships to the recipients of its inaugural CITGO Innovation Scholarship Program, an initiative within the CITGO STEM Talent Pipeline. Each student will...
(Newsweek, Kelly Wynne, 9.Dec.2018) — While the west battles itself over the reality of climate change, reasonable diesel tax and how to make their countries sustainable and eco-friendly, Costa Rica...
(Petrobras, 6.Dec.2018) — Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, was notified by BlackRock, Inc. that the latter has acquired preferred shares issued...
(Petrobras, 4.Dec.2018) — Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. that the latter has sold...
(Energy Analytics Institute, Aaron Simonsky, 3.Dec.2018) — Subsidiaries of US-based ExxonMobil and Germany-based Wintershall in Argentina were authorized to export conventional natural gas to Chile. Details of the deals were...
(Petrobras, 3.Dec.2018) — Petrobras, following up on the release disclosed on October 10, 2018, concluded the operation that has resulted in the formation of a joint venture company (JV), of...
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) — After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexico’s president with a bang, delivering a blistering attack on...
(Houston Chronicle, Sergio Chapa, Staff writer 30.Nov.2018) — New rules allowing a greater number of liquefied natural gas tankers to pass through the Panama Canal per day are expected to...
(Bloomberg, Serene Cheong and Dan Murtaugh, (30.Nov.2018) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy...
(Argentina’s Ministry of Treasury, 30.Nov.2018) — Within the framework of the G20 Leaders’ Summit, the Minister of Treasury, Nicolás Dujovne, and the Minister of Foreign Affairs, Jorge Faurie, signed today...
(Caller Times, Carlos Torres-Verdin, 28.Nov.2018) — Ignore the incendiary rhetoric coming out of Washington D.C., the new political climate south of the border has never been more favorable, especially toward...
(Houston Business Journal, Olivia Pulsinelli, 28.Nov.2018) — Houston-based refiner Citgo Holding Inc. will remain owned by Venezuela’s state-run oil company, Petróleos de Venezuela SA, if PDVSA follows through with the...
(Houston Chronicle, Sergio Chapa, 26.Nov.2018) — A payment on a $1.4 billion arbitration award to a Canadian gold mining company is allowing Venezuela to keep ownership of Citgo Petroleum’s three...
(Fox Business, Mike Obel, 26.Nov.2018) — Venezuela managed to retain ownership of Citgo, the big U.S. refining and gasoline marketing company that is one of its few remaining sources of...
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards to 95% of the country’s...
(Energy Analytics Institute, Aaron Simonsky, 13.Nov.2018) — Argentina’s Energy Secretary Javier Iguacel participated in the annual Independent Petroleum Association of America (IPPA) meeting held in New Orleans, Louisiana. “We have...
(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — Officials from Argentina initiated a road show today in the U.S. aimed at attracting investments in the Vaca Muerta formation in Neuquen. Argentina’s...
(Wall Street Journal, Kejal Vyas and Bradley Olson, 8.Nov.2018) — For nearly a century, Chevron Corp. has weathered dictatorships, coups and nationalization drives to keep pumping oil in Venezuela. But recently,...
(Reuters, Maximilian Heath, 8.Nov.2018) — The U.S. decision to review its tariffs on Argentine biodiesel could mean a reversal of fortune for exporters whose shipments from the South American country...
(Houston Chronicle, James Osborne, 2.Nov.2018) — Almost 4,000 feet beneath the surface of the Atlantic Ocean, off the northern coastline of South America, Exxon Mobil is drilling one of the...
(Citgo Petroleum, 1.Nov.2018) — CITGO Petroleum Corporation recently participated in Houston's largest free family festival, Energy Day. The event brought together families, students, energy professionals and other members of the...
(El Nuevo Herald, Jay Weaver And Antonio Maria Delgado, 31.Oct.2018) — A former top official of Venezuela’s state-owned oil company pleaded guilty Wednesday in Miami federal court to playing a...
(The Wall Street Journal, Samuel Rubenfeld, 30.Oct.2018) — U.S. prosecutors said they secured another guilty plea in their ongoing corruption probe of Venezuela’s state-run oil company, Petroleos de Venezuela SA,...
(Reuters, Marianna Parraga, Collin Eaton, 26.Oct.2018) — Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners...
(Ft.com, Gideon Long, 25.Oct.2018) — In a month in which emerging market government bonds have been hammered by the prospect of US rate increases, geopolitical risk and fears of a...