(S&P Global, 31.Dec.2020) â Brazil needs to continue making important oil industry reforms in 2021 to remain as one of the world’s top destinations for […]
Tag: Coronavirus
Pemex To Begin 2021 Oil Hedge Contracting Soon
(Reuters, 26.Nov.2020) â Mexican oil giant Pemex is about to start the process of contracting an oil hedge for 2021, a senior source at the […]
UK’s Global Witness Urges Guyana Renegotiate Oil Deal
(Caribnews, 18.Aug.2020) â 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 […]
Oil Cos. Wonder If Itâs Worth Looking For Oil Anymore
(Bloomberg, 16.Aug.2020) â A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the […]
ExxonMobil Secures Another LT Vaca Muerta Concession
(Argus, 14.Aug.2020) â ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the […]
Trump Hits Wall With Bid To Place Ally At LatAm Bank
(Bloomberg, 7.Aug.2020) â Mexico called for delaying the election of a new chief for a key Latin American development bank amid controversy caused by U.S. […]
Investors Want To Know: Colombiaâs Negative Outlook
(Fitch Ratings, 22.Jul.2020) â Colombia’s sovereign metrics have deteriorated further since its April downgrade to ‘BBB-‘, underpinning the range of downside risks reflected in the […]
Fernandez To Creditors: âWe Canât Do Any Moreâ
(FT.com, 19.Jul.2020) âAlberto FernĂĄndez, Argentinaâs president, has made an impassioned appeal for the world to accept that â with an economy devastated by coronavirus â […]
Siemens To Establish Mobile Working As âNew Normalâ
(Siemens, 16.Jul.2020) â Siemens will establish mobile working as a core component of its ânew normalâ and will make it a permanent standard, both during […]
Petrobras To Cut Over 20% Of Workforce
(Reuters, 1.Jul.2020) â Some 10,000 employees of Brazil’s Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on […]
Brazil’s Refinery Utilization Rate Stable
(S&P Global Platts, 30.Jun.2020) â Brazil’s refineries returned close to pre-pandemic levels in June, despite several incidents at processing units across Latin America’s biggest country […]
Argentina Puts Damper On Oil Demand, Production
(S&P Global Platts, 26.Jun.2020) â Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, […]
Argentina Weighs New Price Subsidy, Freezes Gas Tariffs
(WoodMac, 24.Jun.2920) â Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the […]
Keith Rowleyâs Address â Energy, Renewables Event
(Trinidad Prime Minister, 24.Jun.2020) â Prime Minister Dr the Hon Keith Rowleyâs Feature Address â Energy Efficiency and Renewables Conference 2020. Ladies and Gentlemen, a […]
Exxon Reduces Guyana Crude Production
(Tudor Pickering, 16.Jun.2020) â Reports out last night that XOM was forced to reduce output at its Liza Phase 1 project in the Stabroek block […]
Exxon Oil Output Falls On Gas Compressor Problem
(Stabroek News, 7.Jun.2020) â Production at Exxon-Mobilâs Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now […]
CNH Again Extends Timeframe For Oil Permits
(Reuters, 4.Jun.2020) â Mexicoâs oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect […]
Global LNG Demand Faces Seasonal Contraction
(WoodMac, 2.Jun.2020) â The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer […]
Fitch Affirms Raizen’s IDRs At ‘BBB’; Outlook Negative
(Fitch Ratings, 28.May.2020) â 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 […]
Mexico’s Registers $3.09bn April Trade Deficit
(Market Watch, 25.May.2020) â Mexico ran up a $3.09 billion trade deficit in April as the shutdown of many industries to counter the spread of […]
Covid-19 Crisis Could Crush Brazilâs Oil Boom
(Oilprice.com, 20.May.2020) â The coronavirus is spreading like wildfire in Brazil, and the countryâs oil industry could get dragged down with it. âBrazil has the […]
Argentina Sets Oil At $45/bbl To Shield Domestic Sector
(Reuters, 19.May.2020) â Argentina’s government set the local crude oil reference price at $45 per barrel on Tuesday in a bid to protect the country’s […]
Argentina Set $45/bbl Reference Oil Price
(S&P Global Platts, 18.May.2020) â Argentina’s move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, […]
Petrobras Comments On Internal Event News
(Petrobras, 8.May.2020) â Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in […]
Petrobras Reaches Oil Export Record In April
(Petrobras, 4.May.2020) â Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening […]
Global LNG Demand Resilient Amid COVID-19
(IHSMarkit, 30.Apr.2020) â The COVID19 pandemic has led to lockdowns across the globe and severe downgrades for short-term macroeconomic indicators. A major re-evaluation is needed […]
Even At $10/bbl, Traders Balk At Buying Nigeriaâs Oil
(Bloomberg, 28.Apr.2020) â The oil price crash isnât getting any easier for Nigeria. Late on Monday, the nation released the prices for most of its […]
Mexican Oil Platforms Cut Staff Over Coronavirus
(Reuters, 26.Apr.2020) â Mexico has begun removing staff from Gulf of Mexico oil platforms to limit the spread of the coronavirus, leaving essential personnel on […]
Core Lab Reports 1Q:20 Results
(Core Lab, 22.Apr.2020) â Core Laboratories N.V. reported that continuing operations resulted in first quarter 2020 revenue of $152,400,000. The financial results for the first […]
Petrobras Eyes Restart Oil Ships Hit By Coronavirus
(Reuters, 17.Apr.2020) â Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that […]
Brazil Battles Coronavirus Cases On Offshore Rigs
(Reuters, 14.Apr.2020) â There have been 126 confirmed cases of the coronavirus among oil and gas workers in Brazil, including 74 people who were recently […]
Pemex Platform Worker Infected With Coronavirus
(Reuters, 13.Apr.2020) â At least one worker at Mexican state oil company Pemexâs Abkatun-A processing center, in shallow waters in the Gulf of Mexico, has […]
Barrancabermeja Unit Halted After Covid-19 Death
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) â Colombiaâs state oil company Ecopetrol was forced to halt work at its Barrancabermeja refinery due to the death […]
YPF Slashes Vaca Muerta Output: Rio Negro Reports
(Reuters, 9.Apr.2020) â Argentine state energy firm YPF has cut production by around half at its giant Vaca Muerta shale development Loma Campana due to […]
Collapsing Demand Sets Terms In OPEC+ Battle
(WoodMac, 9.Apr.2020) â Since OPEC+âs failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking […]
LatAm Offshore Activity To Slip Due To COVID-19
(IHS, 9.Apr.2020) â As the COVID-19 pandemic continues its spread across the globe, the oil and gas industry has put into practice new procedures and […]
Villavicencio Initiates VillaBici Transport Options
(Energy Analytics Institute, Piero Stewart, 7.Apr.2020) â Under the framework of World Health Day, the Villavicencio Municipal Mobility Secretariat continues with an initiative dubbed ‘VillaBici’ […]
S&P Changes Petrobrasâ Rating To Stable
(Petrobras, 7.Apr.2020) â 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 […]
Crisis Stricken Venezuela Faces Mounting Pressure
(Oilprice.com, 6.Apr.2020) â Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduroâs regime, increasing pressure on the country sitting on […]
Triple Whammy: Oil Crash, Covid-19, LNG Oversupply
(WoodMac, 1.Apr.2020) â In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply […]
Caribbean Facing Less Bright Future For Oil And Gas
(Jamaica Gleaner, 29.Mar.2020) â Just a few weeks ago it was possible for Trinidad & Tobagoâs Prime Minister, Dr Keith Rowley, to indicate in a […]
PetroPeru Continues Ops Amid Coronavirus Pandemic
(Energy Analytics Institute, Ian Silverman, 29.Mar.2020) â Personal with PetroPeru at the company’s Talara installations and others in Peru continue to work 24 hours a […]
Falling LatAam Fuel Demand Leaves Hurt US Refiners
(Reuters, 27.Mar.2020) â Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary […]
Citgo Foundation To Support Covid-19 Efforts In Venezuela
(Citgo, 26.Mar.2020) â The SimĂłn BolĂvar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small […]
Petrobras Cuts Capex, Output By 100,000 B/D
(Petrobras, 26.Mar.2020) â Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the […]
YPF Inks Deals With Ministries For Truckers
(Energy Analytics Institute, Aaron Simonsky, 25.Mar.2020) â YPF President Guillermo Nielsen signed an agreement with the representatives from Argentinaâs ministries of Transportation, Security, Health, Interior […]
IMF Managing Dir. Kristalina Georgieva On Argentina
(IMF, 20.Mar.2020) â At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released today a technical […]
Columbus Ops In Trinidad Unaffected By Covid-19
(Alliance News, 17.Mar.2020) â Columbus Energy Resources PLC on Tuesday said operations in Trinidad are “largely unaffected” and remain open. The oil & gas producer […]
Petrobras Reduces Workforce Amid Virus
(S&P Global Platts, 17.Mar.2020) â Brazilian state-led oil company Petrobras slashed administrative staff by at least 50%, including at operations units such as refineries and […]
Ecopetrol Cuts CAPEX And Other Expenses, Costs
(Ecopetrol, 17.Mar.2020) â Ecopetrol S.A. informs that in an extraordinary session held on March 16, its Board of Directors adopted a set of actions to […]