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TOP NEWS






American nations to challenge Venezuela's Maduro authoritarian regime

Reuters/Henry Romero

Mexico's Foreign Minister Luis Videgaray helped lead the regional diplomacy that aims to increase pressure on Venezuelan President Nicolás Maduro. Joint effort criticizing President Nicolás Maduro's government is rare in region.

MEXICO CITY
Petroleumworld 03 24 2017

The U.S., Canada and Latin America's leading nations have agreed to challenge Venezuela's authoritarian regime, a joint effort that wouldn't have been possible until a recent political shift away from leftist populism across the region.

Guyana's oil find equivalent to US$200 billion thus far,
Exxon wants to start srill ASAP

A new oil power in South America? -Visula Politik EN

The oil find is equivalent a US$250,000 per citizen - Watch the video

GEORGETOWN
Petroleumworld 03 24 2017

United States oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana, in the north of South America, into a major oil producer. In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production license to start pumping oil from the country's seabed, less than five years after it discovered major oil finds.

 


 

 


WEEK'S TOP NEWS

Big oil replaces offshore rigs with wind turbines at sea


Offshore wind gets investments from Shell, Statoil and Eni

LONDON
Petroleumworld 03 23 2017

Venezuela out of gas as PDVSA refineries scramble

Reuters/Carlos García Rawlins

Venezuelans line up for gasoline as OPEC nation's oil industry struggles

CARACAS/PUNTO FIJO, Venezuela
Petroleumworld 03 23 2017

Oil at lowest since November, crude inventories
rose 3 million barrels -EIA


US crude tumbles again, settling at $49.28, lowest close since November - Watch video

NEW YORK
Petroleumworld 03 22 2017

Petrobras financials improve in spite of a profit miss


Petrobras debt, operational metrics improve

SAO PAULO/RIO DE JANEIRO
Petroleumworld 03 21 2017

U.S. shale gas selling at record prices to overseas buyers


Cargoes sent to Mexico, Japan and Jordan for over $7/MMBtu

NEW YORK
Petroleumworld 03 21 2017

Trinidad's gas shortages lower output of Atlantic LNG


Trinidad's LNG production continues to drop in 2017

PORT SPAIN
Petroleumworld 03 21 2017

Price falls below $50, bullish crude bets cut by most ever



Money managers' WTI net-long position slips to 3-month low

NEW YORK
Petroleumworld 03 20 2017

Guyana gets ready with resources of oil industry signs MOUs with Mexican Institute of Petroleum


Mexican institute to help Guyana develop petroleum regulatory agency

GEORGETOWN
Petroleumworld 03 20 2017


Trump win, Brexit are warning signs for global trade: Saetre

OSLO
Petroleumworld 03 17 2017

A gas pipeline to be build by Shell from Venezuela to Trinidad


Royal Dutch Shell to build a 17 Km gas pipeline between Venezuela's gas field Dragon and TT's gas field Hibiscus

PORT SPAIN
Petroleumworld 03 17 2017

OTHER PREVIOUS TOP NEWS



OIL PRICES:

Updated: March 24, 2017 08:30 GMT / closing oil prices

 

03/23

OPEC Basket
$48.35
+0.07

03/23

Mexico Basket
$40.10
-0.01
03/17
Venezuela Basket *
$41.78
-3.39

03/23

ICE Brent
$50.56
-0.08
03/23
NYMEX WTI
$47.70
-0.34
03/23
NYMEX Natural Gas
$3.05
+0.04
03/24
USD/MXN Mexican peso
18.95
03/24

Euro/USD

1.07
03/24 USD/VBO
3.014
Parallel Market

* Venezuela average weekly price


NEWS HEADLINES

Friday, March 24, 2017

Petrobras Libra local content fines could reach $630 mln

Statoil gets 13 leases in US Gulf of Mexico

Big oil companies open their wallets in Gulf of Mexico bidding

25 oil exploration licences awarded by Britain in frontier tender

Oil hovers above four-month lows Thursday, inventories curb recovery

Thursday, March 23, 2017

Oil bounces off November lows early Thursday, but bloated US stockpiles pressure market

95 mln tonnes of coal to produce Colombia in 2017 -vice-minister

Petrobras to invest $5.5 bln for Libra find

Petrobras aims to sale $21 bln for 2017-2018 period

Gas Natural to seek from Colombia at least $1 bln over Electricaribe

Sinopec to buy stake in Chevron's South African oil assets for $900 mln

Trump hardens line and trade settlement between India, Iran breaks down

Electricity price slides in Germany on increased renewables output, fall in demand

Tepco aims to set up consortium with Japan domestic nuke operators

KEPCO in talks to buy Toshiba's stake in UK nuclear project NuGen

Oil drops Wednesday to lowest since Nov as U.S. inventories swell

Wednesday, March 22, 2017

Mexican underwater welding Mexssub, makes Houston its launchpad

Colombia's Ecopetrol says rebel attacks cut output 893,000 barrels

U.S. oil hits Nov. low Tuesday as fresh glut fears overshadow OPEC cut talk

West African Crudes-Angola keeps more spot, Argentina takes Nigerian cargo

U.S. oil and gas exports supporting shale producers: Kemp

PDVSA will met 2017 bond payments amid stronger oil prices - local Newspaper

Shell to drill 161 new gas wells at its Australia's Queensland operations in 2018

Kemp: Hedge funds rush on cut mode after oil trade becomes murky

Interpol issues red notices for 3 Sinopec execs

Trump to save coal mining, preparing new executive actions

Tuesday, March 21, 2017

Oil prices rise early on Tuesday on talk that OPEC could extend supply cut

Ecuador name industry veteran to run Petroecuador

Two more PDVSA subcontractors indicted in Jose port graft case

U.S. excess supply keep lid in oil prices, U.S. rig count at highest since Sept. 2015

Algerian Sonatrach replaces CEO

W. Africa crudes works out term allocations

TransCanada natgas lower price and eyes Asian markets

OPEC wants to extend production cut with non-members

Russia gasoline exports could double after capacity boost

Saudi king Salman's Asia trip eyes downstream to consolidate Aramco's market

Monday, March 20, 2017

Oil prices drop early Monday on rise in U.S. drilling

Ancap notches at least $15 mln in net profit in 2016

Nigerian government order by court to overturn seizure of oilfield from Shell and Eni

Exxon looks to sale of Italian service stations

Sinopec nears deal to buy Chevron's South African assets

LATAM trying to switch from fuel imports to increase its own production and refining

Japan not supporting Toshiba on sharing information with U.S.

ENI, Sonatrach get 34 bids for Algerian solar power plant

Tokyo Electric Power denies it plans to scrap reactor at Fukushima Daiichi plant

Oil prices steady Friday, heading for modest weekly rise

Petrobras still no able to sale assets due to judicial entanglement


PW PREVIOUS NEWS HEADLINES

TODAY'S WORLD ENERGY, OIL, GAS HEADLINES



Venezuela
- Mexico - Bolivia - Perú - Colombia - Ecuador - Brasil


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Petroleumworld`s
Opinion Forum

Viewpoints on issues in energy, geopolitics and civilization

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Editorial Commentary

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The Post's View:Trump has a chance to
correct Obama's mistake on Venezuela

Omaba & Chavez with Maduro in background

Even the most servile apologists for the regime founded by Hugo Chávez acknowledge
this descent into chaos, which the Secretary General of OAS, says has produced a humanitarian crisis ...at a scale unheard of in the Western Hemisphere .

.




Opinion

.

Tsvetana Paraskova:
Is a second OPEC cut on the cards?

Current production implies demand exceeding supply by 0.5 MMBOPD in early 2017. This should be enough to make a difference, though. According to the IEA, if current production levels are maintained through June, when the current output deal expires, there will be a market deficit of 0.5 MMBOPD in the first half of 2017.- Oil & Gas 360 / Source: IEA

.



Lagniappe

.

Nicholas Borroz and Brendan Meighan:
Saudi Arabia's failed oil war

Why its days of market dominance are over


Saudi overproduction might have been worth it if it had knocked out
Iran or the United States, but instead, Saudi Arabia was the main victim.


.







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Issues
Confidencial,
off the record

CERAWeek 2017: The
new energy future


HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, Kingdom of Saudi Arabia - Watch video

 

The world's worst
oil company

 

A Mole ?

 

TT's gas falling

 

Obama's droppings


EDITORIAL

Former U.S. mexican ambassadors:
Treat Mexico as a strategic US partner

 

Raúl Gallegos: Venezuela's
deniable dictatorship

 

 

Raúl Gallegos: Guyana strikes oil


Ruth Marcus : Trump's erratic first week was among the most alarming in history

 

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We Fedex any
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OPINION

Zainab Calcuttawala: The secret wealth of the world's richest oil billionaires

 

Irina Slav: Cuba eager to develop offshore oil reserves

 

Tvetana Paraskova:The oil war is only just getting started

 

Peter Bohacek: Why Colombia's oil industry might never recover

 

LAGNIAPPE

Elio Ohep: The end of the U.S. nuclear plants
contruction business.
Toshiba's $6.3bn nuclear meltdown

 

Nafeez Ahmed: Brace for the oil,
food and financial crash of 2018

 

Colin Kahl and Hal Brands: Trump's grand strategic train wreck

 

Terry Glavin: The American epoch is over. It ended on Obama's watch

 




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