Coronavirus Archives - Editores LatinPetroleum

Brazil Eyes Oil Industry Reforms To Lure Investors

(S&P Global, 31.Dec.2020) — Brazil needs to continue making important oil industry reforms in 2021 to remain as one of the world’s top destinations for investments amid heated global competition […]

Pemex To Begin 2021 Oil Hedge Contracting Soon

(Reuters, 26.Nov.2020) — Mexican oil giant Pemex is about to start the process of contracting an oil hedge for 2021, a senior source at the company told Reuters, after the […]

UK’s Global Witness Urges Guyana Renegotiate Oil Deal

(Caribnews, 18.Aug.2020) — The United Kingdom-based, anti-corruption organization Global Witness yesterday called on the new Government here to immediately investigate and renegotiate the US-owned oil giant Exxon’s exploitative oil license […]

Oil Cos. Wonder If It’s Worth Looking For Oil Anymore

(Bloomberg, 16.Aug.2020) — A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era […]

ExxonMobil Secures Another LT Vaca Muerta Concession

(Argus, 14.Aug.2020) — ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company’s growth in oil and […]

Trump Hits Wall With Bid To Place Ally At LatAm Bank

(Bloomberg, 7.Aug.2020) — Mexico called for delaying the election of a new chief for a key Latin American development bank amid controversy caused by U.S. President Donald Trump’s push to […]

Investors Want To Know: Colombia’s Negative Outlook

(Fitch Ratings, 22.Jul.2020) — Colombia’s sovereign metrics have deteriorated further since its April downgrade to ‘BBB-‘, underpinning the range of downside risks reflected in the country’s Negative Rating Outlook, says […]

Fernandez To Creditors: ‘We Can’t Do Any More’

(FT.com, 19.Jul.2020) —Alberto Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that — with an economy devastated by coronavirus — he cannot budge from his […]

Europe

Siemens To Establish Mobile Working As “New Normal”

(Siemens, 16.Jul.2020) — Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during the global pandemic and beyond. […]

Petrobras To Cut Over 20% Of Workforce

(Reuters, 1.Jul.2020) — Some 10,000 employees of Brazil’s Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil […]

Brazil’s Refinery Utilization Rate Stable

(S&P Global Platts, 30.Jun.2020) — Brazil’s refineries returned close to pre-pandemic levels in June, despite several incidents at processing units across Latin America’s biggest country that led to output volatility […]

Argentina Puts Damper On Oil Demand, Production

(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on […]

Argentina Weighs New Price Subsidy, Freezes Gas Tariffs

(WoodMac, 24.Jun.2920) — Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the impact felt in the gas […]

Keith Rowley’s Address – Energy, Renewables Event

(Trinidad Prime Minister, 24.Jun.2020) — Prime Minister Dr the Hon Keith Rowley’s Feature Address – Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a very good morning to you […]

Exxon Reduces Guyana Crude Production

(Tudor Pickering, 16.Jun.2020) — Reports out last night that XOM was forced to reduce output at its Liza Phase 1 project in the Stabroek block offshore Guyana due to an […]

Exxon Oil Output Falls On Gas Compressor Problem

(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now between 25,000 and 30,000 bpd […]

CNH Again Extends Timeframe For Oil Permits

(Reuters, 4.Jun.2020) — Mexico’s oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect extending a freeze on all […]

Asia

Global LNG Demand Faces Seasonal Contraction

(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7% […]

Fitch Affirms Raizen’s IDRs At ‘BBB’; Outlook Negative

(Fitch Ratings, 28.May.2020) — Fitch Ratings has affirmed Raizen Combustiveis S.A.’s and Raizen Energia S.A.’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB’ and National Long-Term Ratings […]

Mexico’s Registers $3.09bn April Trade Deficit

(Market Watch, 25.May.2020) — Mexico ran up a $3.09 billion trade deficit in April as the shutdown of many industries to counter the spread of the coronavirus and the drop […]

Covid-19 Crisis Could Crush Brazil’s Oil Boom

(Oilprice.com, 20.May.2020) — The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it. “Brazil has the worst COVID growth rate of […]

Argentina Sets Oil At $45/bbl To Shield Domestic Sector

(Reuters, 19.May.2020) — Argentina’s government set the local crude oil reference price at $45 per barrel on Tuesday in a bid to protect the country’s hard-hit sector from the impact […]

Argentina Set $45/bbl Reference Oil Price

(S&P Global Platts, 18.May.2020) — Argentina’s move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may […]

Petrobras Comments On Internal Event News

(Petrobras, 8.May.2020) — Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in an internal event with the […]

Petrobras Reaches Oil Export Record In April

(Petrobras, 4.May.2020) — Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening the company’s cash flow. The […]

Global LNG Demand Resilient Amid COVID-19

(IHSMarkit, 30.Apr.2020) — The COVID19 pandemic has led to lockdowns across the globe and severe downgrades for short-term macroeconomic indicators. A major re-evaluation is needed for the supply and demand […]

Even At $10/bbl, Traders Balk At Buying Nigeria’s Oil

(Bloomberg, 28.Apr.2020) — The oil price crash isn’t getting any easier for Nigeria. Late on Monday, the nation released the prices for most of its crude oil grades for sale […]

Mexican Oil Platforms Cut Staff Over Coronavirus

(Reuters, 26.Apr.2020) — Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on board, state oil firm Petroleos […]

Europe

Core Lab Reports 1Q:20 Results

(Core Lab, 22.Apr.2020) — Core Laboratories N.V. reported that continuing operations resulted in first quarter 2020 revenue of $152,400,000. The financial results for the first quarter of 2020 include a […]

Petrobras Eyes Restart Oil Ships Hit By Coronavirus

(Reuters, 17.Apr.2020) — Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive […]

Brazil Battles Coronavirus Cases On Offshore Rigs

(Reuters, 14.Apr.2020) — There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently on offshore oil platforms, regulator […]

Pemex Platform Worker Infected With Coronavirus

(Reuters, 13.Apr.2020) — At least one worker at Mexican state oil company Pemex’s Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has been diagnosed with coronavirus, two […]

Barrancabermeja Unit Halted After Covid-19 Death

(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) — Colombia’s state oil company Ecopetrol was forced to halt work at its Barrancabermeja refinery due to the death of an employee due to […]

YPF Slashes Vaca Muerta Output: Rio Negro Reports

(Reuters, 9.Apr.2020) — Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to a slump in demand amid […]

Collapsing Demand Sets Terms In OPEC+ Battle

(WoodMac, 9.Apr.2020) — Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil […]

LatAm Offshore Activity To Slip Due To COVID-19

(IHS, 9.Apr.2020) — As the COVID-19 pandemic continues its spread across the globe, the oil and gas industry has put into practice new procedures and processes to help mitigate potential […]

Villavicencio Initiates VillaBici Transport Options

(Energy Analytics Institute, Piero Stewart, 7.Apr.2020) — Under the framework of World Health Day, the Villavicencio Municipal Mobility Secretariat continues with an initiative dubbed ‘VillaBici’ which provides alternative transportation options […]

S&P Changes Petrobras’ Rating To Stable

(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company’s global credit rating outlook from positive to stable, and has kept the risk level (rating) […]

Crisis Stricken Venezuela Faces Mounting Pressure

(Oilprice.com, 6.Apr.2020) — Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduro’s regime, increasing pressure on the country sitting on top of the world’s largest […]

Triple Whammy: Oil Crash, Covid-19, LNG Oversupply

(WoodMac, 1.Apr.2020) — In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this […]

Caribbean Facing Less Bright Future For Oil And Gas

(Jamaica Gleaner, 29.Mar.2020) — Just a few weeks ago it was possible for Trinidad & Tobago’s Prime Minister, Dr Keith Rowley, to indicate in a major speech, that the Caribbean […]

PetroPeru Continues Ops Amid Coronavirus Pandemic

(Energy Analytics Institute, Ian Silverman, 29.Mar.2020) — Personal with PetroPeru at the company’s Talara installations and others in Peru continue to work 24 hours a day with aim to ensure […]

Falling LatAam Fuel Demand Leaves Hurt US Refiners

(Reuters, 27.Mar.2020) — Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary export destination as the virus […]

Citgo Foundation To Support Covid-19 Efforts In Venezuela

(Citgo, 26.Mar.2020) — The Simón Bolívar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small grants program to help alleviate […]

Petrobras Cuts Capex, Output By 100,000 B/D

(Petrobras, 26.Mar.2020) — Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the impacts of the COVID-19 (coronavirus) […]

YPF Inks Deals With Ministries For Truckers

(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2020) — YPF President Guillermo Nielsen signed an agreement with the representatives from Argentina’s ministries of Transportation, Security, Health, Interior and Agriculture, Livestock and Fisheries; […]