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Ecopetrol rejects Pacific Rubiales
STAR technology at the Quifa oil field


The 'STAR' (Synchronized Thermal Additional Recovery) technology, provided by Pacific Rubiales, in the Quifa field in los Llanos Orientales in Colombia.

BOGOTA
Petroleumworld.com, July 24 2014

Colombia's state oil company Ecopetrol will not adopt Pacific Rubiales Energy Corp's STAR technology to extract heavy crude more efficiently, Ecopetrol said in a regulatory filing on Wednesday. - story

Venezuela gets $4 billion from China in exchange for oil

Xinhua

Chinese President Xi Jinping after been awarded the Liberator Medal by his Venezuelan counterpart Nicolas Maduro in Caracas, Venezuela, July 20, 2014

CARACAS
Petroleumworld.com, July 23 2014

China will provide Venezuela with a new $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. - story

 

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OIL PRICES:
Updated:July 24, 2014 10:18 GMT

OPEC Basket:07/23 $105.30

Venezuela Basket*:07/18 $94.60

Venezuela Basket** 07/18 $96.98

Mexico Basket: 07/23 $96.99

NYMEX Natural Gas: 07/23 $3.762

07/23 BRENT ICE: $108.03 WTI: $103.12

 07/23 (Parallel Transf*) BsF/US 74.50-BsF/€100.50

07/24:FX 1 Euro=$1.3477 US dollars 10:17 GMT

Closing daily prices / average weekly price*

** Average price for 2014 / *Average Cucuta's price.

 

 


WEEKS' HEADLINES

Nigerian Rilwanu Lukman former
OPEC Secretary-General died in Vienna


Rilwanu Lukman. Former Nigerian Minister of Petroleum

ABUJA, Nigeria
Petroleumworld.com, July 22 2014 - story

Mexico: Foreigners can't get enough bonds in oil-law boon

Bloomberg/Susana Gonzalez

President Enrique Pena Nieto's administration says that the changes will add about 1 percentage point to annual gross domestic product growth by 2018.

MEXICO CITY
Petroleumworld.com, July 21 2014- story

Russia's Bazhenov shale, the big one - Kemp



LONDON
Petroleumworld.com, July 18 2014- story

Venezuela could cut Petrocaribe financing, US should be ready


WASHINGTON
Petroleumworld.com, July 18 2014 - story

Petrobras to seek concession contract
extensions at biggest fields

IO de JANEIRO
Petroleumworld.com, July 17 2014- story

Pacific Rubiales Star recovery technology show poor results

BOGOTA
Petroleumworld.com, July 16 2014 - story

PEMEX partner with Mexichem SAB,
Invenergy Clean Power and Enesa Energia

MOSCOW
Petroleumworld.com, July 15 2014- story

Rosneft agrees to buy Weatherford's
Russian, Venezuelan assets

MOSCOW
Petroleumworld.com, July 14 2014- story

Ecopetrol posts biggest oil slump after guerrilla attacks


The ELN guerrilla group was responsible for a weekend attack on the Caño Limon-Coveñas oil pipeline in the northeastern province of Arauca that left 13 civilians wounded, the Colombian military said Monday, June 30th.

BOGOTA
Petroleumworld.com, July 14 2014- story

OPEC predicts lower crude oil demand by 2015

LONDON
Petroleumworld.com, July 11 2014- story

Pemex beating Exxon in the bond market
on planned cut on tax: Mexico Credit

MEXICO CITY
Petroleumworld.com, July 10 2014- story

Maersk takes $1.7 billion hit on Brazil oil assets

Bloomberg/Munshi Ahmed

A.P. Moeller-Maersk A/S Chief Executive Officer Nils S. Andersen

OSLO
Petroleumworld.com, July 09 2014 - story

OIL & GAS HEADLINES FROM:

Trinidad &Tobago Brazil


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ISSUES...

Inside, confidential,
off the record

El Universal
betting a change

US: Losing faith
in government

Venezuela: Maersk
selling to corrupt
Derwick Oil & Gas?

Refinery margins
drifting down

Achievement Award
to Alirio Parra

Wind energy cheaper ?

Macondo: by
ex- BP Kevin Lacy

Terror: Alive and well

U.S. : 4.0 bpd and upwards

Nuclear power:
" on your toes"


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 ISSUES... articles

Click on issues



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LAGNIAPPE

William Dalrymple: India:
the Empire strikes back

Pedro van Meurs :
Comments on the proposed hydrocarbon
revenue law of Mexico

Mack McLarty:
It's time to consider
new options in Venezuela

John Holman: Will Venezuela
become a no-fly country?

Mary Anastasia O'Grady:
Venezuela's 'dialog' is a fraud

Brian Ellsworth: Special
Report: Billions unaccounted for in Venezuela's communal
giveaway program

Philip Sherwell :
Venezuela in chaos :
A general on the run


Jacques Leslie: Is
Canada tarring itself?


The Gas Industry
in Venezuela
by The National
Engineering Academy
(Spanish)



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EDITOR'S MAIL

Venezuela risks
default if Chavez
wins

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