(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation fuel tightened. However, analysts expect...
(Petrobras, 15.Jul.2022) — Petrobras, following up on the release disclosed on 27 June 2022, has extended the deadlines for participation in the sale processes of Refinaria Abreu e Lima (RNEST),...
(Petrobras, 27.Jun.2022) — Petrobras, following up on the releases disclosed on 8 February 2021, 25 August 2021, and 1 October 2021, restarted the processes for the sale of Refinaria Abreu...
(WoodMac, 9.Jun.2022) — Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie, a Verisk...
(Motley Fool, 4.Aug.2021) — Colombia’s state oil giant Ecopetrol hosted its second quarter 2021 conference call to discuss operational and financial details. What follows is the transcript of the call....
(Petrobras, 30.Jul.2021) — Petrobras has celebrated a new addendum to the Term of Commitment to Cessation (TCC) signed with the Administrative Council for Economic Defense (CADE), with the purpose of...
(Petrobras, 28.Jun.2021) — Petrobras started an international bidding process, in EPC (engineering, procurement and construction) mode, for the implementation of a new diesel hydrotreatment unit and the necessary auxiliary systems,...
(Energy Analytics Institute, 15.Jan.2021) — Venezuela’s leader Nicolás Maduro reiterated earlier claims that US President Donald Trump ordered the sabotage of the OPEC country’s Amuay and Cardón refineries in Punto...
(Petrobras, 9.Sep.2020) — Petrobras announced that, for the third month in a row, it has broken the production record of S-10 Diesel, low-sulfur diesel. In August, the company's refineries processed...
(Argus, 18.Aug.2020) — A fuel oil cargo stuck off of the Dutch Caribbean island of Curacao is about to be released to an unnamed buyer in a closely monitored transaction...
(Petrobras, 8.Jul.2020) — Petrobras informs that the Paulínia Refinery (Replan), located in the state of São Paulo, broke the monthly production record for Bunker 2020, a low-sulfur fuel oil used...
(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the...
(Reuters, 25.Jun.2020) — Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country's refineries with fuel and byproducts, a...
(Reuters, 24.Jun.2020) — Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the...
(Reuters, 12.Jun.2020) — Utilization rates at refineries owned by Brazil’s Petrobras are nearing pre-pandemic levels, as lower fuel imports by competitors and resilient international demand for bunker fuel provide a...
(Citgo, 2.Jun.2020) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 million aggregate principal amount of...
(Energy Analytics Institute, Piero Stewart, 30.May.2020) — Ecuador’s state oil company EP Petroecuador is monitoring emissions at the Esmeraldas refinery, especially those of sulfur dioxide (SOx) even though preliminary reports...
(Argus, 19.Apr.2020) — Raizen has suspended operations at its 110,000 b/d Buenos Aires refinery in response to the plunge in oil demand caused by coronavirus restrictions. Raizen, a joint venture...
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — State oil company EP PetroEcuador announced plans to suspend activities at the La Libertad refinery located in Santa Elena province for 14 days,...
(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...
(Petrobras, 22.Nov.2019) — Petrobras, following up on the release dated August 30, 2019, informs the beginning of the binding phase regarding the first stage of the sale of refining and...
(Sputnik, 18.Oct.2019) — The United States has extended a license that allows certain transactions with PDVSA's joint venture Nynas AB despite US sanctions on the Venezuelan oil sector, the US...
(Oilprice.com, Tsvetana Paraskova, 16.Oct.2019) — Venezuela’s opposition is getting ready to file within days a lawsuit in the United States seeking to prevent bond holders of Venezuelan state oil firm...
(Reuters, 30.Sep.2019) — A major refinery owned by Brazilian state-run oil firm Petrobras was already undergoing a scheduled stoppage when a fire broke out over the weekend, the company told...
(Petrobras, 30.Aug.2019) — Petrobras, following up on the releases disclosed on 06/28/2019 and 07/15/2019, referring to the first stage of the sale processes of downstream and logistics assets in Brazil,...
(Petrobras, 28.Jun.2019) — Petrobras, following up on the release issued on April 26, 2019, announces the beginning of the opportunity disclosure stage (teaser) related to the sale of refining and...
(Energy Analytics Institute, Piero Stewart, 16.Jun.2019) — The ad hoc administrative board of Petróleos de Venezuela (PDVSA) appointed by interim Venezuelan president Juan Guaidó requested that the government of Jamaica...
(CNN, Stefano Pozzebon, 26.May.2019) — For many Venezuelans, oil is a birthright in the country blessed with the largest crude reserves in the world. Despite wild hyperinflation, Venezuela's government has...
(Ft.com, Jude Webber, 9.May.2019) — Andrés Manuel López Obrador, Mexico's president, has stepped up his commitment to an $8bn refinery project, rejecting three private sector bids as too costly and...
(Petrobras, 1.May.2019) — Petrobras, following up on the release disclosed on 01/30/2019, informs that it has completed, through its subsidiary Petrobras America Inc. (PAI), the sale to Chevron USA Inc....
(Petrobras, 26.Apr.2019) — Petrobras announced that the Board of Directors, in a meeting held today, approved new guidelines for the management of its asset portfolio. The guidelines are in line...
(Reuters, Tarmo Virki, 26.Apr.2019) — Finnish biofuel producer and oil refiner Neste reported a bigger than expected fall in quarterly profit on Friday, with U.S. sanctions against Venezuela having curbed...
(NYT, Elisabeth Malkin, 11.Apr.2019) — President Andrés Manuel López Obrador envisions a future in which Mexico produces more oil, gasoline and electricity. But his strategy to get there relies on...
(Energy Analytics Institute, Ian Silverman, 10.Apr.2019) — The inal cost of the Talara refinery in Peru is $5 billion, including $695 million in interest related to the project’s financing, announced...
(Argus, 1.Apr.2019) — Citgo increased fuel exports and domestic crude processing last year, the company said in rare public guidance on the Venezuelan-controlled independent refiner’s operations. The refiner reported crude...
(The New York Times, Ioan Grillo, 26.Mar.2019) — In the first months of this year, the word “huachicolero” — once a rarely used term — has been on the lips...
(Reuters, 19.Mar.2019) — Peru’s state-owned energy company Petroperu will halt operations at its flagship oil refinery Talara for about a year starting in November to complete a $5 billion expansion...
(Argus, 19.Mar.2019) — Colombia’s government is seeking emergency fuel supplies from neighboring Ecuador to cope with shortages in southwestern departments caused by an ongoing indigenous protest. Colombia reached out to...
(Reuters, Alexandra Valencia, 19.Mar.2019) — Ecuador will launch an international bidding round for the construction of a new 300,000 barrel per day (bpd) refinery in May, Energy Minister Carlos Perez...
(Reuters, Ana Isabel Martinez, David Alire Garcia, 18.Mar.2019) — Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil...
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — Petroecuador announced that on March 12, the country’s superintendent resolved the liquidation of the Refinería del Pacífico Eloy Alfaro Compañía Mixta, also known...
(S&P Global Platts, 27.Feb.2019) — Colombia's Ecopetrol has taken its polyethylene operations offline for preventative maintenance due to feedstock issues stemming from an incident at the Barrancabermeja refinery, a company...
(Reuters, Marianna Parraga, 26.Feb.2019) — U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on...
(BBC, Jack Goodman, 25.Feb.2019) — The United States has imposed tough sanctions on Venezuela’s oil industry to put pressure on President Nicolás Maduro to step down. Oil dominates Venezuela’s economy,...
(Jamaica Gleaner, Livern Barrett, 19.Feb.2019) — Prime Minister Andrew Holness has sought to explain that the move to compulsorily acquire Venezuela’s shares in Petrojam is purely economic. Holness was speaking...
(Jamaica Gleaner, 18.Feb.2019) — Newly appointed Minister of Energy, Science and Technology Fayval Williams yesterday summoned Petrojam’s technical team following a Sunday Gleaner story citing fuel concerns at the state-owned...
(Energy Analytics Institute, Jared Yamin, 17.Feb.2019) — Houston-based Citgo Petroleum has three refineries located in the U.S. in Corpus Christi, Texas; Lake Charles, Louisiana; and Lemont, Illinois. What follows is...
(CMC, 16.Feb.2019) — The Oilfield Workers Trade Union (OWTU) says it remains “confident” that it would soon acquire the assets of the former state-owned oil refinery, PETROTRIN, whose operations were...
(FT.com, John Paul Rathbone and Gideon Long, 13.Feb.2019) — Venezuela’s parallel, opposition government sought to take control of the country’s oil revenues from the regime of Nicolás Maduro by naming...
(Chron.com, Jordan Blum, 11.Feb.2019) — Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50 percent by 2020, further imperiling...
(AP, Alexandra Olson, 9.Feb.2019) — The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not...
(S&P Global Platts, 8.Feb.2019) — US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel...
(Bloomberg, Jose Enrique Arrioja, Nick Wadhams, and Anna Edgerton, 4.Feb.2019) — Venezuela’s government-in-waiting intends to scrap requirements that state-owned oil giant PDVSA keep a controlling stake in joint ventures as...
(Wood Mackenzie, 2.Feb.2019) — The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have...
[caption id="attachment_6756" align="alignright" width="300"] Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 2.Feb.2019) — Nicolas Maduro, no longer recognized by the U.S., among numerous other countries worldwide as Venezuela’s president, announced...
(Fox Business, Brittany De Lea, 31.Jan.2019) — Venezuela’s opposition leader Juan Guaidó sits down with FOX Business’ Trish Regan to discuss the future of Venezuela and how long it will...
(Reuters, 30.Jan.2019) — More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the...
(Petrobras, 30.Jan.2019) — Petrobras clarifies that, according to Petrobras’ Divestment Methodology, the following stages of divestment projects must be disclosed to the market: teaser, beginning of the non-binding phase (if...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Pemex announced an over-pressure issue at the Hydros #1 plant located inside the “Ing. Antonio Dovalí Jaime Refinery,” has been controlled, the state...
(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...
(Reuters, 15.Jan.2019) — Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages...
(Pemex 9.Jan.2019) — The Mexican Government, through Petróleos Mexicanos, calls for the public to avoid panic shopping, as this could generate a fuel shortage. Once more, it reminds the public...
(Jamaica Observer, Kamina Johnson Smith, 9.Jan.2019) — Below are the notes from Minister of Foreign Affairs Kamina Johnson Smith in her press breifing yesterday: Ladies and gentlemen of the media,...
(Jamaica Observer, 9.Jan.2019) — The Government of Jamaica has announced that it will take legislative action for ownership of the 49 per cent share in the local oil refinery, PetroJam,...
(Jamaica Observer, 9.Jan.2019) — The Opposition has come out against Government's decsion to use legislative action to take back Venezuela's 49 per cent share of Petrojam. Shadow minister of energy,...
(Reuters, 8.Jan.2019) — Curacao’s 335,000-barrel-per-day (bpd) Isla refinery has resumed work, management of the government-owned facility said on Tuesday, after eight months of paralysis caused by a dispute between its...
