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Saudi Arabia becomes world's fourth largest oil refiner



LONDON
Petroleumworld.com 05 25 2015

Saudi Arabia's rapid transition into one of the world's largest oil refiners adds an extra dimension to the oil exporter's role as the driver of OPEC policy. - story

Exxon discovery could put Guyana on oil, gas map


No coordinates are known for the exact location of Liza-1 discovery, so it could be in the dispute waters with Venezuela

HOUSTON
Petroleumworld.com 05 25 2015

Exxon Mobil Corp.'s significant oil discovery offshore Guyana is the most exciting thing happening in terms of Latin America exploration right now, analysts with Wood Mackenzie told Rigzone in an interview. The discovery is the first oil discovery in Guyana, and indicates that ExxonMobil's strategic focus on ultra-frontier acreage is starting to pay dividends after a period of exploration under-performance. However, it will take months to ascertain the size and commercial potential of this discovery, Wood Mackenzie said in a May 21 press statement. - story

 



Lagniappe

 


Jack Devine: What really happened in Chile

 

 

Gustavo Coronel : Terrorizing
the press: a Chavez mini me in Ecuador

 


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OIL PRICES:
Updated:May 24, 2015 17:58 GMT

05/21 OPEC Basket: $61.86

05/22 Venezuela Basket:* $56.22

05/22 Venezuela Basket:**$47.94

04/22 Mexico Basket: $57.12

05/22 NYMEX Natural Gas:
$2.887


05/22 ICE BRENT: $65.37 NYMEX WTI: $59.72

05/22 US /BsF 198.45- BsF/ 218.52 / BCV transfer

05/22 US/BsF 422.50 - BsF/€465.00 / Parallel Transf***

05/22 FX 1 Euro=$1.1007 US dollars 17:59 GMT

Closing daily prices / average weekly price*
Average price for 2015**/ Average Cucuta's price ***


WEEKS' HEADLINES

At 400 bolivars per dollar Venezuela's unofficial exchange rate


Venezuela unofficial exchange rate weakens to 400 bolivars per dollar

CARACAS
Petroleumworld.com 05 22 2015
- story

Largest shareholder group to vote against Alfa-Harbour deal for Pacific Rubiales

BOGOTA
Petroleumworld.com 05 22 2015
- story

Mexico's onshore oil holds most potential in Latin America: study



MEXICO CITY
Petroleumworld.com 05 21 2015
- story

Alfa Group, Harbour Energy to buy Pacific Rubiales in $1.7 billion



SYDNEY
Petroleumworld.com 05 21 2015
- story

Brazil's Petrobras said squeezed for payment five years after sale

Bloomberg/Simon Dawson

Brazil's Finance Minister Joaquim Levy

BRASILIA
Petroleumworld.com 05 20 2015
- story

Venezuela parliament head Diosdado Cabello denies drug trade


Diosdado Cabello


CARACAS
Petroleumworld.com 05 20 2015
- story

Venezuela's officials suspected of turning country into cocaine hub


National Assembly President Diosdado Cabello. U.S. probe targets No. 2 official Diosdado Cabello, several others, on suspicion of drug trafficking and money laundering

WASHINGTON/MIAMI
Petroleumworld.com 05 19 2015
- story

Senior brazilian prosecutor backs Chevron in oil pollution case


Prosecutor recommends that Brazilian courts reject $9.5 billion Ecuadorian contamination judgment

NEW YORK
Petroleumworld.com 05 19 2015 - story

 

Iran says OPEC unlikely to cut output - Rokneddin Javadi



KUALA LUMPUR
Petroleumworld.com 05 18 2015
- story

Petrobras beats forecasts with $1.8 bln first-qtr profit


Petrobras P-61

RIO DE JANEIRO
Petroleumworld.com 05 18 2015
- story

 

 Trinidad &Tobago Brazil

 

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29-30 September,
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ISSUES...

Inside, confidential,
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Rubiales thin line

All for Rubiales

Citi's pawn shop

Venezuela: An
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LAGNIAPPE

Russell A. Mittermeier:
New conservation corridor
latest environmental
triumph for Suriname

Joshua Partlow: Mexico
wanted James Bond,
but only if the country
looked as good as he does

International Crisis Group:
Colombia: A Dangerous
Setback

Steve Benen : Why
Obama went to Jamaica

David Renwick:
The "New Energy
Economy" -
Trinidad & Tobago

Jorge G. Castañeda:
Are Obama sanctions
on Venezuela really
about Cuba?

Russ Dallen: Testimony:
US Senate FRC on
Venezuela, March 17, 2015




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