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TOP NEWS





 

 

Venezuela in collapse, 2016 inflation hits 800 pct, GDP contracts nearly 19 pct


The oil sector, which provides nearly all of Venezuela's hard currency, in 2016 shrank 12.7 percent, according to an excerpt of a document containing the figures that was shown to Reuters. The non-oil sector shrank by 19.5 percent, according to the document.

CARACAS
Petroleumworld.com 01 23 2017

Venezuelan consumer prices rose 800 percent in 2016 while the economy shrank 18.6 percent, according to preliminary central bank figures seen by Reuters, the sharpest economic contraction in 13 years and the worst inflation reading on record.

Canadian court rejects, blocked enforcement of Ecuador judgment on Chevron


The Ontario Superior Court of Justice ruled Chevron Canada Ltd is a separate entity from Chevron Corp, and is thus not a debtor to the Ecuadorian judgment.

CALGARY
Petroleumworld.com 01 23 2017

A Toronto court has rejected a bid by Ecuadorian villagers to enforce a judgment in their home country against Chevron Canada Ltd, ruling the subsidiary is not liable for parent Chevron Corp, the U.S. oil major said on Friday.

PREVIOUS TOP NEWS

Saudi oil exports soared ahead of OPEC cut


Exports surged to 8.26 million barrels a day, most since 2003

DUBAI
Petroleumworld.com 01 20 2017

Brazil plans two subsalt auctions in 2017, and three 2018 - Mines & Energy Ministry


16-streamer spread being towed by the Geo Caspian. Brazil will hold two tenders for subsalt oil exploration this year in the first auctions of such offshore layers since 2013.

BRASILIA
Petroleumworld.com 01 20 2017

 

OTHER PREVIOUS TOP NEWS



PRICES:
Updated: Jan. 22, 2017 08:54 GMT / closing oil prices

01/19

OPEC Basket
$51.45
-0.77

01/20

Mexico Basket
$45.56
+1.23
01/20
Venezuela Basket *
$44.66
-0.16

01/20

ICE Brent
$55.49
+1.33
01/20
NYMEX WTI
$52.42
+1.05
01/20
NYMEX Natural Gas
$3.20
-0.16
01/22
USD/MXN Mexican peso
21.61
01/22

Euro/USD

1.06
01/22 USD/VBO
3.753
Parallel Market

* Venezuela average weekly price


NEWS HEADLINES

Friday, January 20, 2016

Mexico's natural gas plans expected to drive demand for U.S. imports

Mexico's Amatitlan Block to be develop by Renaissance Oil and Lukoil

Vatican pulls out of Venezuela dialogue it sponsored due to government failure to honor commitments

Union accepts Petrobras' collective wage deal

Brazil judge handling Petrobras graft probe killed in plane crash

Chile plans energy exports to Argentina

China jails former Petrochina vice chairman for 15 years for graft

LNG supply buffer to have ‘positive' impact on global gas security

2017 to bring peak in first wave of US ethane cracker construction

U.S. Army to begin Dakota pipeline Environmental study

 

Thursday, January 19, 2016

Petrobras to appeal court ruling on Libra off-shore oil field

Russians full of optimism in Davos, oil and Trump the topics

Petrobras Reduc refinery hit by fire; production impacted

Approval rating for Mexican president hits record low after fuel hikes

Operations at Venezuela PDVSA Jose oil terminal 'recovered' after oil spill

Norways' OKEA to increase stake in Yme field after Repsol summit development plan

Baker Hughes and Schlumberger selected for contracts on drilling and well services by Statoil

ABB sees 2017 an energy market under uncertainty

Odebrecht settling bribe cases in 12 countries

Ryan Zinke, Trump Interior nominee would consider more drilling on federal land


PW PREVIOUS WEEK'S NEWS HEADLINES

TODAY'S WORLD ENERGY, OIL, GAS HEADLINES

 



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

 


 

Editorial Commentary


Jeremy Ashkenas: Rex Tillerson's maverick oil diplomacy

 

ExxonMobil production sites


Tim Wallace/NYT | Source: ExxonMobil

Rex W. Tillerson, former chief executive of ExxonMobil and Donald J. Trump's nominee to be secretary of state, has conducted his own brand of oil-oriented diplomacy during his 41-year career at Exxon, a company that has often cut deals with authoritarian leaders of politically unstable countries.



Opinion


Nick Cunningham: Oil prices running out of reasons to rally



"The shots fired at the Iranian boats in the Strait of Hormuz didn't do anything to
the market. A few years ago that would have added a couple dollars to the price."

 



Lagniappe

Robbie Gramer: Venezuela's meltdown
could be Trump's first nightmare, too


Venezuela could boil over before the Trump administration has time to settle into
government and get its new national security team in place and up to speed.

 


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Auction Round Awards

CNH-R01-L04/2015 - CNH-A1-Trion/2016
Deep Water Exploración / PEMEX Farmouts

Results, Dic. 5, 2016






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Issues
Confidencial,
off the record

PetroSaudi-PDVSA
grand fraud


Another huge PDVSA
fraudulent scam

 

Blackmail-Trump

Donald Trump denies
being blackmail

 

Oil prices a retrospective


Venezuela closer
to chaos

Venezuela: No
clear way out

TT counting
chickens before...


Maduro and Rowley
in a conga dance line.

Putin, OPEC's key


EDITORIAL

George F. Will: Obama's foreign policy was error after error

 

Pope Francis:
“Urbi et Orbi”,
December 2016

 

John Hall: The
OPEC & Non-OPEC Agreement

 

TT Guardian: Venezuela's
Dragon deal can revive
TT's energy sector

 

Editorial position


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New Edition!



We Fedex any
where in the world

OPINION

Nick Cunningham:
Lithium prices set to jump as Tesla
doubles global battery production


Nick Cunningham:
U.S. shale is now cash flow neutral

 

James Stafford:
Not soprolific: U.S. shale faces a reality check

 

James Stafford: Trump could fuel a nuclear energy boom in 2017

 

LAGNIAPPE

Dr. Kent
Moors: How
Trump's Exxon
pick is changing global
oil markets

 

Mathew Bey: An oilman's guide to foreign affairs

 

Adán Echeverría-
García:Are Mexico's new nature
reserves a real
conservation effort or
emptypolitical gesture?





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SPECIAL REPORT

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Timeline: Venezuela

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