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Mexico's Dos Bocas refinery costs
to rise by 40pc

ATB

The Dos Bocas refinery could cost up to $12.4bn, up from the original $8bn cost

By Sergio Meana/Argus

MEXICO CITY
Petroleumworld 04 23 2021

Mexico's state-owned Pemex told its board of directors costs for the planned 340,000 b/d Dos Bocas refinery could soar by roughly 40pc, and the business case should be reformulated, as payments are coming due and the timeframe established by the government will not be met.

Brazil fuel prices with oil climbing,
Petrobras to keep retail prices competitive

Bloomberg

Petrobras CEO General Joaquim Silva e Luna in the hot seat with fuel prices and oil up

- Former army general says he'll keep retail prices competitive
- But fuel-price policy remains a concern amid trucker pressure

By Peter Millard/Bloomberg

RIO
Petroleumworld 05 06 2021

Surging oil futures are set to test a promise by Petrobras' new chief to keep diesel prices at parity with the international market.

 

EIA SHORT-TERM ENERGY OUTLOOK: April 06, 2020

 

 

PW Days View

 

 

Mac Margolis /Bloomberg:Argentina
Can’t Afford to Delay Economic Reforms

 

 

Juan Mabromata/AFP

Pro tip: Don’t blow off your lender of last resort during a pandemic.

By dragging out negotiations with the International Monetary Fund
until after midterm elections this fall, it risks derailing economic recovery.

 

PRICES
Petroleumworld.com

Updated: May 06, 2021 09:04 GMT (closing prices)

05/05	OPEC Basket	$68.20	+1.53
05/04	Mexico Basket (MME)	$62.86	+1.26
10/23	Venezuela Basket*	$27.93	Estimated
05/05	ICE Brent July BRNN21	$68.96	+0.08
05/05	NYMEX WTI June CLM21	$65.63	-0.06
05/05	NYMEX Natural Gas June NGM21	$2.96	-0.029
05/05	NYMEX, Gasoline June RBM21	$2.15	+0.0001
05/05	NYMEX Heating Oil June HOM21	$2.00	+0.0037
04/30	Active U.S. Oil Drilling Rigs **	440	+2
05/06	USD/MXN Mexican Peso	20.2395	Live data
05/06	EUR/USD	1.2024	Live data
05/06	USD/Bs. (Bolivar) ***	2.886.324.52	BCV

* Venezuelan basket of crude oil blends average price 2020-Reuters. The Venezuelan oil basket
has not shown any updates since July 2020. ** Weekend report of active U.S. drilling rigs.
*** Date value

 

 

TOP NEWS

Russia to build two russian nuclear plants in Argentina -Moscow's Ambassador

eupoliticalreport.eu

The project include building a floating nuclear power plant similar to the russian “Akademik Lomonosov”
floting power plant pictured.

- Could supply most modern military weapons
- Would construct a 150 km on the route between Bahía Blanca and Vaca Muerta.

By MercoPress

MONTEVIDEO
Petroleumworld 04 05 2021

Chile gearing up a US$300 million H2 fund

Bloomberg

Chile wants to fuel a green hydrogen boom

- Foundation is looking to speed up fuel's path to profitability
- Fund will consider acquiring equity interests in the projects

By Eduardo Thomson & Daniela Sirtori-Cortina/Bloomberg

SANTIAGO/NEW YORK
Petroleumworld 05 05 2021

Premier Oil to drill at second block, Pemex approved for Pokche and Teca -CNH

- Premier to explore the Mesozoic formations
- Dispute over Talos' Zama a key factor for output

By Sheky Espejo/Platts

MEXICO CITY
Petroleumworld 05 04 2021

"Enough of looting my people" -Peru leading candidate Castillo

Miguel Yovera/Bloomberg

Peru Leftist Candidate Pedro Castillo Pledges to Seize Foreign Company Profits

- Pedro Castillo said he'll seek to review company contracts
- Castillo and Keiko Fujimori clash during presidential debate

By Oscar Medina/Bloomberg

LIMA
Petroleumworld 05 04 2021

Venezuela gives CITGO 6 oilmen house arrest in gesture to Biden

enlacejudio.com

Watch video -Citgo 6: Venezuela gives US oilmen house arrest

By Joshua Goodman/AP

MIAMI
Petroleumworld 05 03 2021

Protesting workers lift Vaca Muerta roadblocks

NA

Protesting workers to move to different parts of the province

By Buenos Aires Times

BUENOS AIRES
Petroleumworld 05 03 2021

Brazil's offshore wells to quadruple in 2021 -ANP

panoramaoffshore.com.br

Seismic surveys also on rise

- Plans for 45 wells, 19 offshore
- Efforts climb ahead of 17th round

By Jeff Fick/Platts

RIO
Petroleumworld 04 30 2021

Chile committed to eliminate coal in electricity generation

eldinamo.cl

Soon Chile will “ leave the era of coal behind,” said Energy Minister Juan Carlos Jobet

By MercoPress

MONTEVIDEO
Petroleumworld 04 30 2021

Petrobras sells gas pipeline for $5.2B

Sergio Moraes/Petrobras

Energy giant divestment plan to sell $15.1 billion in assets

By Ovunc Kutlu/Anadolu

NEW YORK
Petroleumworld 04 29 2021

Mexico's oil and gas local supply chain need incentives -AMEXHI

AMEXHI

"...We invite local suppliers to work with us" -Warren Levy, Jaguar's E&P CEO

- Mexico currently working on measures to increase local content
- Measures to be announced soon, says economy Secretariat

By Sheky Espejo /Platts

MEXICO CITY
Petroleumworld 04 29 2021

Argentina’s Vaca Muerta drilling grinds to halt as protest continue

MercoPress

“In times of pandemic, it is absolutely urgent to find a solution,” said Tierra del Fuego Governor Melella -MercoPress.
- Extra fuel imports seen as social unrest in Patagonia heat up
- Roadblocks enter fourth week as workers protest 43% inflation

By Jonathan Gilbert/Bloomberg

BUENOS AIRES
Petroleumworld 04 28 2021

Petroecuador cancels an unusual very long-term No. 6 fuel oil tender

bnamericas

The longevity of the proposed contract spanned from May 2021 through December 2023.

- Tender awarded during lame-duck period
- Length of contract criticized by Ecuador's Minister of Energy

By Maha Cristina Husseini/Platts

HOUSTON
Petroleumworld 04 28 2021

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