TOP NEWS
Petroleumag
Maduro Shakes Up PDVSA As Venezuela Faces Oil Industry Emergency
- Economy VP El Aissami will lead commission to shake up PDVSA
- Commission seeks oil industry security, protection from U.S.
By Fabiola Zerpa/Bloomberg
CARACAS
Petroleumworld 02 20 2020
Mexico to continue oil hedging
istock
Mexico Plans to Continue Its Oil Hedge for Next Year
- Finance Ministry willing to adjust taxes on new service deals
- Minister Arturo Herrera speaks in interview with Bloomberg
By Nacha Cattan and Amy Stillman/Bloomberg
CARACAS
Petroleumworld 02 20 2020
U.S. sanction Rosneft unit engage in Venezuela oil trade
oilandgas360
The Swiss-incorporated unit of Russia's top oil producer accounted for about half of Venezuela day oil exports
- Rapidan Energy sees oil production falling to 600,000 barrels a day
- Shipowners may become wary of doing deals with Rosneft Trading
By Lucia Kassai and Jack Farchy / Bloomberg
HOUSTON/LONDON
Petroleumworld 02 19 2020
Enermex
Enermex plans to install more than 1,500 portable gas stations in Mexico over the next five years,
reports El Financiero.
- Terminal to reach 1 million barrels after ramp-up
- Company to begin operating low-cost gas station in 2020
By Sheky Espejo/Platts
MEXICO CITY
Petroleumworld 02 19 2020
Eni says offshore Mexico Saasken-1 well find could make block 10 commercial
cairn Energy
Reporting by David Alire Garcia/Reuters
MEXICO CITY
Petroleumworld 02 17 2020
Petrobras strike risks Carnival fuel supply, labor court declared the strike illegal
Reuters
The FUP says that workers at 53 oil platforms, including some at pre-salt fields in the Santos basin, and 11 refineries, among other units, are participating in the strike.
- A Brazilian labor court on Monday declared that a strike at oil company Petrobras is illegal and allowed the company to take disciplinary action against workers and their unions.
- The decision allows for the involved unions to be fined up to 500,000 reais ($115,529) per day if the strike continues. - Marta Nogueira/Reuters
By Nathan Walters / Argus Media
RIO DE JANEIRO
Petroleumworld 02 18 2020
CITGO oil cargo caught up in PDVSA political power struggle back to Venezuela
Marcelo del Pozo/Bloomberg
The cargo, on the Gerd Knutsen tanker, was loaded in January 2019 but never reached its destination on the U.S. Gulf Coast because of the escalation of U.S. sanctions and has been siting iddle in at the Port of Jose, in Venezuela a terminal run by PDVSA
- Citgo weighs insurance claim over seized crude oil cargo
- Cargo returns to Venezuela this week after floating for a year
By David Wethe and Lucia Kassai / Bloomberg
HOUSTON
Petroleumworld 02 17 2020
channelchek
Mexico effectively blocking energy projects via permits
- Delays affect wind, solar, midstream sectors
- New government teams seen as inexperienced, unskilled
By Platts
MEXICO CITY
Petroleumworld 02 17 2020
Alejandro Cegarra/Bloomberg
Andres Manuel Lopez Obrador (AMLO)
- Lopez Obrador says he's opposed to a probe of his predecessor
- Spanish judge denies Lozoya bail on alleged $280 million fraud
By Cyntia Aurora Barrera Diaz, Justin Villamil and Amy Stillman / Bloomberg
MEXICO CITY
Petroleumworld 02 14 2020
Reuters
Production growth this year is expected to be less than in 2019
- Strike is the latest labor tension to hit shale production
- Workers demand double the pay in Argentina fracking sand plant
By Platts
BUENOS AIRES
Petroleumworld 02 14 2020
AFP
Former CEO of Petroleos Mexicanos (PEMEX) Emilio Lozoya, pictured in 2017, is accused of accepting
millions of dollars in bribes
- Emilio Lozoya was detained after fleeing Mexico in 2019
- He was appointed by Pena Nieto, who considered him a confidant
By Cyntia Aurora Barrera Diaz and Justin Villamil / Bloomberg
MEXICO CITY
Petroleumworld 02 13 2020
CNH
Mexican regulator poised to referee dispute over who runs shared oil find
By David Alire Garcia / Reuters
MEXICO CITY
Petroleumworld 02 13 2020
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