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PDVSA, Hess receive offer for
Virgin Islands Hovensa refinery


The 500,000-b/d refinery owned by Hovensa LLC at St. Croix, US Virgin Island.

HOUSTON
Petroleumworld.com, Sep 18, 2014

Hess Corp and Venezuela's state-run PDVSA have found an interested buyer for their 350,000 barrel per day (bpd) Hovensa refinery in the U.S. Virgin Islands, sources close to the deal told Reuters on Wednesday, confirming a local news report that could open the doors for the facility to run cheap U.S. crudes.- story

S&P: One-in-two default chance for Venezuela, grade cut


This is what that this PDVSA bond has done since the beginning of the year.

CARACAS
Petroleumworld.com, Sep 17, 2014

Venezuela had its credit rating lowered by Standard & Poor's (XOP) , which cited the country's slumping economy and soaring inflation. - story


Lagniappe


Andrew J. Bacevich: Obama is picking his
targets in Iraq and Syria while missing the point

 



Andres Oppenheimer: Obama's plan
to counter Venezuela's oil clout

 

 


Editor's Mail

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and comments about the articles on this site.


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OIL PRICES:
Updated:Sep 18 2014 10:48 GMT

09/17 OPEC Basket: $95.84

09/12 Venezuela Basket:* $90.10

09/12 Venezuela Basket:** $96.94

09/17 Mexico Basket: $89.49

09/17 NYMEX Natural Gas:
$4.013

09/17 ICE BRENT: $98.97 NYMEX WTI: $94.42

09/17 (Parallel Transf*) BsF/US 93.50-BsF/€120.50

09/18 FX 1 Euro=$1.2881 US dollars 10:47 GMT

Closing daily prices / average weekly price*

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


 


WEEKS' HEADLINES

Colombia: Two oil company
contractors slay by leftist guerrilla


Colombia's second largest guerrilla group the ELN

BOGOTA
Petroleumworld.com, Sep 16, 2014
- story

Venezuela: Recent gov changes will not
affect Russian oil projects and investments


Igor Sechin, Rosneft's president (L) with Minister Rafael Ramirez, collected the first sample of extra-heavy crude from the Orinoco belt Petromiranda's Joint Venture (Junin block 6)

MEXICO CITY
Petroleumworld.com, Sep 15, 2014
- story

From Argentina to Venezuela escaping default proves tough

NEW YORK
Petroleumworld.com, Sep 15, 2014
- story

Venezuela threatens Harvard professor
Hausmann for default comment


Harvard 's University Professor Ricardo Hausmann

CARACAS
Petroleumworld.com, Sep 12, 2014
- story

OPEC cuts crude oil demand outlook
by most in 3 years on U.S. shale

LONDON
Petroleumworld.com, Sep 11, 2014
- story

Venezuelan default specter raised: Andes Credit


Is Venezuela on the Verge of Default?

SANTIAGO-NEW YORK
Petroleumworld.com, Sep 10, 2014
- story

Brazil's 'new middle class' turns on Rousseff


Last June, millions of Brazilians protested the rising cost of public transportation, the lack of hospitals, etc.

SAO PAULO
Petroleumworld.com, Sep 10, 2014
- story

Venezuela could default suggest Harvard Economist

Bloomberg/ Scott Eells

Harvard University's Ricardo Hausmann said, a “massive default on the country's import chain” is part of what has allowed the nation to keep paying its foreign bonds.

SANTIAGO
Petroleumworld.com, Sep 09, 2014
- story

Petrobras seeking access to former
executive's testimony in corruption scandal


Petrobras' ex director Paulo Roberto Costa.

RIO DE JANEIRO
Petroleumworld.com, Sep 09, 2014
- story

Pena Nieto proposes 1% deficit for 2015 excluding Pemex

AP/Eduardo Verdugo

Mexico's President Enrique Pena Nieto gives his second state-of-the-nation address inside the National Palace in Mexico City, Tuesday, Sept. 2, 2014.

MEXICO CITY
Petroleumworld.com, Sep 08, 2014
- story

Petrobras scandal reveals dozens of Brazil politicians tied to it


Paulo Roberto Costa, the former head of Petrobras' refining and supply unit who was arrested on March 20, 2014

SAO PAULO
Petroleumworld.com, Sep 08, 2014
- story

 

 

 

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Hurricane Storm EDOUARD

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Hurricane Storm POLO

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1 - 2 October 2014,
The Hilton, Trinidad

 

 





WGC Paris 2015
ow.ly/ziUh0

LAGNIAPPE

Jeff Fick : Brazil:
subsalt oil
development begins
to make progress

Raul Gallegos : Beware
the rising cost of
Venezuela's oil barrel

The Institute of The Americas :
Chile: Energy policy:
In search of a rainmaker

Claire Martin : Shaping
a school system in Peru,
from the ground up

Ramon Espinasa :
The rise and fall of PDVSA



The Gas Industry
in Venezuela

by The National
Engineering Academy
(Spanish)


EDITOR'S MAIL

Venezuela risks
default if Chavez
wins

Suggestions,
collaborations are
welcome write to us :
editor@
petroleumworld.com


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or Cel (58 412) 996 3730 / (58 414) 276 3041 / (58  412) 952 5301


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