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Petroleumworld stories 2016:
Stories are not allways available on the Petroleumworld site after 90 days.

 

Previous stories January- June 2016

 

July- Dec 2016

Was TT's PM Rowley misled on the Venezuela Dragon gas deal?


Questions over the Dragon gas deal signed on Dec. 5, 2016

CARACAS
Petroleumworld.com 12 26 2016
- story

PDVSA secretly mortgaged 49.9% of US Citgo to Russia's Rosneft


Venezuela has just mortgaged the remaining 51.1% of Citgo Holding Inc. as collateral to induce $2.8 billion of holders of PDVSA debt maturing within the year to extend into a new 4 year amortizing bond.

CARACAS
Petroleumworld.com 12 26 2016
- story

Odebrecht corruption, bribery in Latin America open in settlement


Odebrecht settlement spurs bribery inquiries across Latin America

LIMA/QUITO
Petroleumworld.com 12 23 2016
- story

CEO-Pemex to rise Mexican fuel prices in 2017


Antonio Gonzalez Anaya CEO of Pemex points to rise in Mexican fuel prices in 2017

MEXICO CITY
Petroleumworld.com 12 23 2016
- story

Petrobras sell $2.2 billion worth of assets to Total


Petrobras to sell Total assets, including oilfields

RIO DE JANEIRO
Petroleumworld.com 12 22
2016 - story

Florida businessmen charge with laundering over $100 million for Venezuelan officials in U.S.


Firm helped unnamed Venezuela company launder money, U.S. says

NEW YORK
Petroleumworld.com 12 22
2016 - story

Venezuelan troops, vigilantes patrol after looting and riots,
three dead

Reuters/Carlos Eduardo Ramirez

People carry goods taken from a food wholesaler after it was broken into, in La Fria, Venezuela December 17, 2016.

BOLIVAR/TACHIRA, Venezuela
Petroleumworld.com 12 21 2016
- story

Exxon to invest in 2017 on a FPSO to manage the 1.4-billion barrel Guyana lisa oil field


Exxon plans to used a floating production, storage and offloading (FPSO) floating vessel
to handle crude pumped from the field 120 miles (193 kilometers) off Guyana's coast.

CHICAGO
Petroleumworld.com 12 21 2016
- story

Amrita Sen - Saudi Arabia will cut production and oil price can reach 60 dollars early 2017


“Long-term we see oil steadying at 70 dollars a barrel. At 70 dollars everybody's happy". - Amrita Sen, addressing ONS.

BERGEN, Norway
Petroleumworld.com 12 20 2016
- story

Thailand's PTT and Oman Trading purchase $900 million in crude and fuel oil from Ecuador


Ecuador to receive $900 mln in oil-for-loan pacts with Thailand, Oman

HOUSTON/QUITO
Petroleumworld.com 12 20 2016
- story

OPEC'S supply deal and the looks of the global oil flows


IEA Sees OPEC Deal Causing Oil-Supply Deficit in 2017

RIO DE JANEIRO
Petroleumworld.com 12 19 2016
- story

Petrobras secures $5 billion loan deal from China Development Bank


Petrobras also signed a contract to supply 100,000 barrels of oil a day to three Chinese firms

RIO DE JANEIRO
Petroleumworld.com 12 19 2016
. - story

 

Supply cuts won't re-balance market until second half 2017- OPEC


Group raises estimates for non-OPEC supply after deal to cut

LONDON
Petroleumworld.com 12 15 2016
- story

Petrobras to sell 49 pct of ethanol unit stake to Sao Martinho for $133 mln in shares


The Nova Fronteira transaction marks another step in Petrobras' efforts to get out of the biofuels industry

SAO PAULO
Petroleumworld.com 12 16 2016
- story

Venezuela-Trinidad's Dragón gas deal faced political risk-Ramnarine

news.co.tt

Warning bells sound over Trinidad's Dragón deal, Trinidad's former energy minister, Kevin Ramnarine, warned

PORT SPAIN
Petroleumworld.com 12 15 2016
- story

Venezuela was denied entry in Mercosur when tries to crash talks uninvited


Police were forced to intervene after Delcy Rodriguez arrived at Argentina's foreign ministry. "No one ever gets into a multilateral meeting without authorization" said Argentina's Foreign Ministry Susana Malcorra.

CARACAS
Petroleumworld.com 12 15 2016
- story

Oil in Trump's administration, Rex Tillerson at State, Perry in Energy

Bloomberg/Jason Janik

ExxonMobil CEO Rex Tillerson. Big oil gets a huge role in Trump's government

WASHINGTON/HOUSTON
Petroleumworld.com 12 14 2016
- story

Petrobras US$19.5 billion asset sale suspended due to court order


Petrobras ordered to temporarily suspend divestiture program; court wants to review asset sales

MONTEVIDEO
Petroleumworld.com 12 14 2016
- story

OPEC's compliance key of oil cut success: Q&A

LONDON
Petroleumworld.com 12 13 2016
- story

Mexico signing on a non-Opec production cut just a token signal


Mexico says OPEC cut in-line with its target - see bloomberg video

SANTIAGO
Petroleumworld.com 12 13 2016
- story

Non OPEC agree to oil cuts, Saudis will go beyond their commitment

AP/Ronald Zak

Khalid Al-Falih. Saudis signal deeper cuts after deal with non-OPEC countries

LONDON/MOSCOW
Petroleumworld.com 12 12 2016
- story

Carolyn Seepersad-Bachan, former TT Energy Minister question Venezuela-Trinidad &Tobago gas deal


Prime Minister Dr Keith Rowley, left, exchanges greetings with Venezuela's President Nicolas Maduro after signing the bilateral agreement yesterday at the Presidential Palace in Caracas, Venezuela

PORT SPAIN
Petroleumworld.com 12 12 2016
- story

 

 

OPEC cut could impact tanker market in 2017


Tanker operators hope new routes will offset impact of OPEC cut

SINGAPORE
Petroleumworld.com 12 09
2016 - story

Martín Rodil: Venezuela's rainmaker
Why witnesses to Venezuela's catastrophic corruption keep turning up in the U.S.

Photographer:Christopher Gregory

If you have the goods on the Maduro government, Martín Rodil might be able to get you a deal.

NEW YORK/MIAMI
Petroleumworld.com 12 09 2016
- story

U.S. oil producers begin "cat and mouse" game with OPEC - Glencore's CEO


"In some core Bakken areas, it's economical to drill in the $45-$55 WTI price," he said, referring to the North American Bakken shale formation.

LONDON/NEW YORK
Petroleumworld.com 12 08
2016 - story

T&T - Venezuela gas deal on shaky ground


Rowley faced questions about whether the Venezuelan legislature had to approve the agreement signed between the two countries and whether the agreement would be jeopar­dised if a new government came to office in Venezuela.

CARACAS
Petroleumworld.com 12 08
2016 - story

Big oil moves to mexican offshore fields

Oil and gas industry leaders eagerly take stakes in mexican offshore fields

MEXICO CITY / HOUSTON
Petroleumworld.com 12 07
2016 - story

PDVSA seeks fuel imports as refineries struggle


PDVSA's 955,000-barrel-per-day Paraguana Refining Center was operating at around 45 percent of capacity on Monday

CARACAS/HOUSTON
Petroleumworld.com 12 07
2016 - story

Mexico awards 8 of 10 deep water blocks in Gulf of Mexico auction


BHP Billiton wins joint venture with Pemex in Trion field

MEXICO CITY
Petroleumworld.com 12 06
2016 - story

Mexico energy reform push deep water oil data that solved dinosaur riddle


"No matter how far technology has reached," said the CNH's Zepeda, "you cannot be sure what is down there until you drill."

MEXICO CITY
Petroleumworld.com 12 06
2016 - story

Electric cars may curb demand by 2 million b/d in 2035 - WoodMac


Electric cars could take an OPEC-sized bite from oil demand

LONDON
Petroleumworld.com 12 05
2016 - story

Peru to pay dearly if it eliminate Odebrecht contract - junior partner


Peru would face 'huge sum' if it scraps Odebrecht contract

PARACAS, PERU
Petroleumworld.com 12 05
2016 - story

 

México ve beneficioso acuerdo OPEP, pero no se suma al mismo


México considera que el acuerdo de OPEP es una buena noticia para el país

CIUDAD DE MÉXICO
Petroleumworldve.com 02
12 2016 - nota

Perú en busca de recursos para modernizar a Petroperú


Perú gestiona créditos para financiar modernización de Petroperú: ministro

VIENA
Petroleumworldve.com 02
12 2016 - nota

OPEP recorta 1,2 millones de barriles petróleo diario a partir de enero 2017


Conferencia OPEP, Viena, Austria, 30 de noviembre 2006.

VIENA
Petroleumworldve.com 01
12 2016 - nota

OPEP debate difícil acuerdo de producción petrolera


OPEP comienza debate sobre recortes en medio de profundo desacuerdo

VIENA
Petroleumworldve.com 30
11 2016 - nota

Mínimo 4 contratos espera adjudicar México en aguas profundas

Bloque Trión en mapa. México espera adjudicar al menos 4 de los 10 contratos a licitar en aguas profundas

CIUDAD DE MÉXICO
Petroleumworldve.com 30
11 2016 - nota

Volátilidad en precios petroleros ante dificultad de lograr acuerdo OPEP


Barril sube, esfuerzos de última hora en OPEP para lograr acuerdo bombeo

NUEVA YORK
Petroleumworldve.com 29
11 2016 - nota

Trump hace mas optimista inversiones en Brasil que México


Brasil brilla por sobre México en medio del desplome de emergentes por la elección de Trump

SAO PAULO/NUEVA YORK
Petroleumworldve.com 29 11 2016
- nota

Cubanos despiertan en una Cuba sin Fidel

AFP/Yamil Lage

Cuba comienza a digerir la muerte de Fidel Castro. En la foto Una mujer fuma un cigarro mientras lee el periódico en una calle de La Habana, el 26 de noviembre de 2016, un día después de que el líder revolucionario cubano Fidel Castro muriera a los 90 años.

MIAMI
Petroleumworldve.com 28
11 2016 - nota

Trump favorecerá el sector hidrocarburos Mexicano


La industria petrolera de México será favorecida por Trump

CIUDAD DE MÉXICO
Petroleumworldve.com 28
11 2016 - nota

 

OPEC oil deal should balance market in 2017: Kemp


Oil price espected to rise sharply as Opec members made a deal to limit production

LONDON
Petroleumworld.com 12 02
2016 - story

Monday's offshore auction is key step in Mexico's oil overhaul


As Mexico welcomes oil giants, Pemex future hangs on an auction

LONDON
Petroleumworld.com 12 02
2016

Pemex's chance to enter the modern oil era hangs in the balance of the country's Dec. 5 auction. - story

OPEC gets the deal, market to cut by 1.8 mbd!


The 171st. meeting of the OPEC conference, Vienna, Austria, 30th. November, 2016

VIENNA
Petroleumworld.com 12 01
2016 - story

Iran, Iraq and Saudis hard to crack in OPEC's oil deal


Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

VIENNA
Petroleumworld.com 11 30
2016 - story

Exxon - Chevron team up to bid in Mexico's deepwater oil auctions


Winning bidders, Pemex JV partners to be announced Dec. 5

MEXICO
Petroleumworld.com 11 30
2016 - story

Venezuela's currency devaluates 60 pct in one month


Inflation sky hight do to Venezuela currency down 60 percent in a month on black market

WASHINGTON
Petroleumworld.com 11 29
2016 - story

Mexico's oil regulator announced finalists for the deep water oil auctions


Mexico CNH certifies bidders for December deep water oil auctions

MEXICO CITY
Petroleumworld.com 11 29
2016 - story

Trump's views on Cuba show an opposite view from Obama

WASHINGTON
Petroleumworld.com 11 28
2016 - story

New Brazil scandal poses risk for Temer, could escalate


Brazil's real posted the biggest loss in emerging markets and stocks fell amid speculation that economic reforms may be derailed by fresh political turmoil.

BRASILIA/SAO PAULO
Petroleumworld.com 11 28
2016 - story

With Russia's output at record, a freeze is all they offer OPEC


Freeze means 2017 Russian output would be less than planned

MOSCOW
Petroleumworld.com 11 25
2016 - story

Oil hedges gives Mexico a $2.9 billion windfall - IMF says


Oil exports locked in at 42% above average price of past year

LONDON/MEXICO CITY
Petroleumworld.com 11 25
2016 - story

China's CNPC commits $2.2 billion for share of Venezuela increased crude oil production


China puts oil over politics in deal to boost Venezuela output

HONG KONG
Petroleumworld.com 11 24
2016 - story

Italian Techint still interested in Odebrecht Peru pipeline stake


Italian industrial group Techint said it remains in negotiations to buy a 5 percent stake in the pipeline project from Odebrecht

LIMA
Petroleumworld.com 11 24
2016 - story

OPEC to decide on oil cut next week but Iraq, Iran still negotiating


Iraqi minister: would be unfair for OPEC to ask it to cut. Iran still insists on production targets above 4 mln bpd

VIENNA/DUBAI
Petroleumworld.com 11 23
2016 - story

PDVSA in technical default, misses $404 million payments on bonds


Venezuela's oil company will have a 30-day grace period to cure the default if it makes the payments

NEW YORK
Petroleumworld.com 11 23
2016 - story

Oil rallies as producers more confident on OPEC agreement


OPEC quota talks end first day as optimism on deal grows

LONDON
Petroleumworld.com 11 22
2016 - story

Why Mexico's energy reform is the opportunity for investors

Mexico's recuperable reserves areas

When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.

LONDON
Petroleumworld.com 11 22
2016 - story

Peru to set new auction for natural gas pipeline in 2017


Peru ready for a new auction on natural gas pipeline contract in 2017, says Alfredo Thorne finance minister.

LIMA
Petroleumworld.com 11 21
2016 - story

Citgo send PDVSA refine oil products to help parent company crisis


U.S. Citgo increases exports to Venezuela, giving PDVSA a breather

HOUSTON
Petroleumworld.com 11 21
2016 - story

 

Mexico's CNH approves Eni's work program, modify terms in next year oil auctions


Mexico's oil regulator approves Eni's $177 mln work program

MEXICO CITY
Petroleumworld.com 11 18
2016 - story

Wolfcamp in the Permian Basin the hottest oil play in the U.S.

Bloomberg/Brittany Sowacke

Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States, according to the US Geological Survey.

CHICAGO
Petroleumworld.com 11 18 2016
- story

Saudis, Iraq and Iran disagree over cuts in OPEC's oil price deal


Major producers are heading to Doha for informal talks

DUBAI/BAGHDAD/MOSCOW
Petroleumworld.com 11 17
2016 - story

JGC and Technip candidates to carry-out overhaul of PDVSA CITGO's Aruba refinery


The refurbishing project will take at least 18 months to process up to 209,000 barrels per day (bpd) of extra-heavy oil.

CARACAS/HOUSTON
Petroleumworld.com 11 17
2016 - story

OPEC, Russia making final play to prop up oil price

OPEC's top official heads to Iran, Venezuela and Ecuador. Russia, Saudi Arabia to attend informal consultations in Doha

LONDON
Petroleumworld.com 11 16
2016 - story

6 mln barrels of African crudes bound to Argentina to covert deficit of light oil


Argentina on track to import crude oil, same as 2015

HOUSTON/BUENOS AIRES
Petroleumworld.com 11 16
2016 - story

U.S. shale firms move foward on OPEC deal, Trump victory


U.S. shale firms go back to work buoyed by OPEC agreement

HOUSTON
Petroleumworld.com 11 15 2016
- story

Trump's Mexico stand could press gas prices


Southern neighbor has become an increasingly important outlet for the fuel

NEW YORK
Petroleumworld.com 11 15 2016
- story

Trump looking for ways to exit Paris climate agreement

Reuters/Youssef Boudlal

Indigenous people from the Mesoamerican Alliance of Peoples and Forests protest at the climate change talks in Marrakech, Morocco.

WASHINGTON/MARRAKESH, Morocco
Petroleumworld.com 11 14 2016
- story

PDVSA halt petcoke exports due to burning cargo on ship


Burning petcoke cargo on ship holds up Venezuela export

HOUSTON
Petroleumworld.com 11 14 2016
- story

 

Shell to inject $10 billion in investments on Brazil over next five years


Foreign oil firms have eyed country with renewed interest since Dilma Rousseff's impeachment

RIO DE JANEIRO
Petroleumworld.com 11 11 2016
- story

Petrobras posted unexpected losses from massive asset impairments


Operations, cash flow trends have turned more benign

SAO PAULO/RIO DE JANEIRO
Petroleumworld.com 11 11 2016
- story

Anti-Trump protester take USA's streets


Hillary Clinton won the popular vote but lost the election - Chris Payne/Billboard

CHICAGO/NEW YORK
Petroleumworld.com 11 10 2016
- story

Pacific E&P vows to change ways after restructuring


Pacific announced a new board and management on Wednesday

BOGOTA
Petroleumworld.com 11 10 2016
- story

Trump surprise US with presidential victory, impact on energy


Donald Trump is the next US President after stunning election win over upset Hillary Clinton

WASHINGTON
Petroleumworld.com 11 09 2016
- story

Guangdong Zhenrong Energy MOU with BP cooperation on Curacao oil refinery


Guangdong Zhenrong, with support from China's oil majors, plans to upgrade the Isla refinery, presently operated by PDVSA

BEIJING
Petroleumworld.com 11 09 2016
- story

Clinton on a 90 percent chance of defeating Trump - Reuters/Ipsos


Clinton has 90 percent chance of winning: final poll

NEW YORK
Petroleumworld.com 11 08 2016
- story

Pemex plans to increase refining output by year-end


Mexico's Pemex plans crude processing ramp-up by year-end

MEXICO CITY
Petroleumworld.com 11 08 2016
- story

OPEC is finding very difficult to make the cuts


OPEC needs friends and a miracle. If this is what an OPEC agreement looks like, it's no wonder investors are losing faith.

LONDON
Petroleumworld.com 11 02 2016
- story

Mexico all set for Pemex's auction on Trianon deep water project


Mexico finalizes business-friendly terms for first deep water project

MEXICO CITY
Petroleumworld.com 11 07 2016
- story

 

Facing competition Pemex count on new partners to boost oil production


Alliances would help buffer expected decline in crude output, carry out shelved investments

MEXICO CITY
Petroleumworld.com 11 04 2016
- story

PDVSA's oil production set to collapse, crude exports to the U.S. decline 23pct in October


The export decline is attributed to a decline in oil production from extra heavy oil fields on the Orinoco belt

HOUSTON
Petroleumworld.com 11 04 2016
- story

Oil demand could peak before supply in five years-Shell


Shell focusing on long term with renewables and gas, CFO says

LONDON
Petroleumworld.com 11 02 2016
- story

U.S. Supreme Court evaluating Venezuela oil rig dispute


U.S. justices drill down on Helmerich & Payne International Drilling Company vs Venezuela oil rig lawsuit.

WASHINGTON
Petroleumworld.com 11 03 2016
- story

Nigeria and Libya ramp up exports, OPEC deal not any closer


Libya shipping data show biggest flow since November 2014. Nigeria pumps over 2 million barrels a day as militancy eased

LONDON/NIGERIA/SIDNEY
Petroleumworld.com 11 02 2016
- story

Guangdong Zhenrong Energy seeks China financing to upgrade Curacao oil refinery


China firm seeks state financing for $5.5 bln Caribbean oil project

BEIJING
Petroleumworld.com 11 02 2016
- story

General Electric and Baker Hughes create world's No. 2 oilfield services


Oilfield services shakeup in cards after GE-Baker Hughes deal

NEW YORK
Petroleumworld.com 11 01 2016
- story

If no OPEC deal oil heading to $40, says Goldman


Lack of progress suggests declining probability of Nov. deal

HONG KONG
Petroleumworld.com 11 01 2016
- story

OPEC and other producers not ready yet to limit oil supply


OPEC splits prevent deal, output-cut accord hinges on positions of Iran and Iraq

LONDON/VIENNA
Petroleumworld.com 10 31 2016
- story

The Ibero-American summit, Venezuela's crisis and Colombia peace, the issues


Venezuela crisis, Colombia peace dominate Latin American summit

CARTAGENA, Colombia
Petroleumworld.com 10 31 2016
- story

 

 

ExxonMobil announced another major oil find in offshore Guyana


Drillship Stena Carron, on Lisa 3 well in the Stabroek block. ExxonMobil confirms its claims of a world class discovery offshore Guyana.

GEORGETOWN, Guyana
Petroleumworld.com 10 28 2016 - story

PDVSA crisis deepends in caos and PetroCaribe partners turn away


Crisis at Venezuela deepens as PDVSA Caribbean debts pile up

HOUSTON
Petroleumworld.com 10 28 2016
- story

Petrobras willing to settle to resolve corruption cases


Petrobras settlements show company eager to resolve corruption cases

RIO DE JANEIRO/NEW YORK
Petroleumworld.com 10 27 2016
- story

Venezuela protests, opposition calls for national strike


Opposition casts doubt on Vatican-mediated dialogue process

CARACAS
Petroleumworld.com 10 27 2016
- story

Brazil, Mexico luring big oil's money in offshore auctions


Sweetened rules for bidding a ‘first salvo' in competition

RIO DE JANEIRO/MEXICO CITY
Petroleumworld.com 10 26 2016
- story

U.S. seize $51 mln in PDVSA's frozen assets by swiss authorities


Swiss give U.S. $51 mln in assets frozen in PDVSA investigation

ZURICH/CARACAS
Petroleumworld.com 10 26 2016
- story

PDVSA delay default risk with a 40% bond swap


Venezuela PDVSA swaps $2.8 bln 2017 bonds, gains financial breather

CARACAS
Petroleumworld.com 10 25 2016
- story

Venezuela's National Assembly moves to challenge president


Venezuelan Congress accuses president of staging coup

CARACAS
Petroleumworld.com 10 25 2016
- story

Iraq ‘not going back' on production: SOMO head Al-Amri


Iraq to maintain oil output while OPEC partners discuss cuts

LONDON/DUBAI
Petroleumworld.com 10 24 2016 - story

Petrobras to settle for four New York-based lawsuits

SAO PAULO
Petroleumworld.com 10 24 2016
- story

Will OPEC follow through with its production cut?


See video


OPEC price war Offers meager rewards as U.S. shale survives

LONDON
Petroleumworld.com 10 21 2016
- story

$11 billion missing at PDVSA - Venezuela's Congress committee


Venezuela congressional probe says $11 billion missing at PDVSA while Rafael Ramirez, presently Venezuela's envoy to the United Nations, in picture, as Venezuela's Energy Minister and PDVSA CEO

CARACAS
Petroleumworld.com 10 21 2016
- story

Saudis says oil market at end of downturn


Saudi Arabia's energy minister Khalid al-Falih
says, more clarity needed on production in Libya, Nigeria Venezuela, non-OPEC willing to not only freeze but cut output

LONDON
Petroleumworld.com 10 20 2016
- story

Hillary Clinton got to coast through debates


It's a Shame Clinton just when coasting through, there was no "serious debate" on the issues.

SAN FRANCISCO
Petroleumworld.com 10 20 2016
  - story

Big oil will focus on Brazil & Mexico deepwater projects

LONDON
Petroleumworld.com 10 19 2016
- story

Petrobras stock at highest since 2014, advances divestment drive


Leads Ibovespa with 4.1% gain, stock at highest since 2014

RIO DE JANEIRO
Petroleumworld.com 10 19 2016
- story

Petrobras sell Okinawa refinery to Taiyo Oil


Petrobras agrees to sell closed Okinawa refinery to Taiyo Oil

RIO DE JANEIRO
Petroleumworld.com 10 18 2016
- story

PDVSA extends bond swap deadline for third time to Friday

SANTIAGO /CARACAS
Petroleumworld.com 10 18 2016
- story

Rosneft and partners to buy India refiner Essar for $13 billion


Rosneft Chairman Igor Sechin (L) shakes hands with the Essar Group founder Shashi Ruia (R) during a signing ceremony in the presence of Russian President "The most commercially viable sources will be used to supply refinery grade oil ... which can be supplied from Rosneft resources (in particular, Venezuela) or, if necessary, from third parties," Rosneft said in a statement-Reuters.

MUMBAI/NEW DELHI
Petroleumworld.com 10 17 2016
- story

Minimun one operator for deep-water Trion JV with Pemex


Mexico eases consortium rules for deep-water Trion joint venture with Pemex

MEXICO CITY
Petroleumworld.com 10 17 2016
- story

 

Rosneft puts the 'private' in privatization

BFN Business Finance News

Rosneft privatization: eating its own tail

NEW YORK
Petroleumworld.com 10 14 2016
- story

Petrobras corrupcion judge sentence to 19 years a former Brazil senator


Gim Argello a former Brazilian senator was sentenced to 19 years in Petrobras probe

SAO PAULO
Petroleumworld.com 10 14 2016
- story

OPEC invite more non-members oil producers for talks


OPEC tries to build momentum for global oil freeze

ISTANBUL
Petroleumworld.com 10 13 2016
- story

Saudi and PDVSA find oil market reality selling bonds


PDVSA said on Wednesday night it was again extending a deadline for a bond swap to Oct. 17 from Oct. 12.

NEW YORK
Petroleumworld.com 10 13 2016
- story

No to OPEC oil cap says Rosneft's Sechin

AP

Putin and Rosneft CEO Igor Sechin

ISTANBUL
Petroleumworld.com 10 12 2016
- story

PEMEX looking to export Maya Crude to U.S. West Coast


Cargoes would be first in eight years amid Asian competition

RIO DE JANEIRO
Petroleumworld.com 10 12 2016
- story

Iraqi, Iranian oil ministers will not attend Istanbul talks

ISTANBUL
Petroleumworld.com 10 11 2016
- story

Big oil on to Brazil's deep water reserves- Petrobras CEO


State producer seeking partners in asset sale drive, CEO says

RIO DE JANEIRO
Petroleumworld.com 10 11 2016
- story

Petrobras to set fuel prices at or above international levels - CEO

See video: Pedro Parente CEO PETROBRAS o on Oil Prices, Capital Spending - Bloomberg interview

RIO DE JANEIRO
Petroleumworld.com 10 10 2016
- story

ConocoPhillips sued PDVSA on 'fraudulent' bond swap


Venezuelan bonds plunged the most in almost nine months after state oil company Petroleos de Venezuela SA - PDVSA extended early deadline for bondholders until Oct. 12.

CARACAS
Petroleumworld.com 10 10 2016
- story

 

 

OPEC- Saudi, Iran and Iraq to meet with Russia next week


OPEC and Russian officials plan informal talks in Istanbul

DUBAI
Petroleumworld.com 10 07 2016
- story

Ienova Mexico's Sempra Energy unit expansion moves ahead


Ienova share sale loooms as analysts estimate around 17 percent return in the coming year

MEXICO CITY
Petroleumworld.com 10 07 2016
- story

LNG prices up, but joy may be short-lived

LAUNCESTON, Australia
Petroleumworld.com 10 06 2016
- story

PDVSA wants to recuperate its oil production output


Company wants to add 50,000 barrels a day of production

CARACAS
Petroleumworld.com 10 06 2016
- story

Petrobras partner Statoil to help with wells in Campos Basin


Petrobras, Statoil extend partnership to aging wells - sources

RIO DE JANEIRO
Petroleumworld.com 10 05 2016
- story

Petrobras's BR Distribuidora sale said to lure Brazil banking clans

RIO
Petroleumworld.com 10 05 2016
- story

Mexico give bidders extra week to comment on Pemex Trion deep-water joint venture

MEXICO CITY
Petroleumworld.com 10 04 2016
- story

Pemex buying time for turnaround plan with short term debt portfolio reshuffling


Company used repurchases to extend bond maturities on debt

MEXICO CITY
Petroleumworld.com 10 04 2016
- story

Early signs show OPEC supply deal not easy


OPEC will decide on quotas in November

LONDON
Petroleumworld.com 10 03 2016
- story

Venezuela's Y&V Group win $1 billion to drill and complete PDVSA wells


Y&V will finance project and subcontract U.S.Baker Hughes Inc.

CARACAS
Petroleumworld.com 10 03 2016
- story

OPEC quarrelling even before ink on deal dries


Iraq's Luaibi complains about OPEC output estimates

ALGIERS
Petroleumworld.com 09 30 2016
- story

Petrobras workers reject a contract offer, strike looms


Brazil oil workers reject Petrobras offer, strike possible

RIO DE JANEIRO,
Petroleumworld.com 09 30 2016
- story

Saudis and Iranies agree on a OPEC oil production cut


Finances strained, Saudis bet on higher oil prices to help

ALGIERS
Petroleumworld.com 09 29 2016
- story

PEMEX's refinery output slides as government opens fuel market


Pemex's six refineries are operating at 51% of capacity

MEXICO CITY
Petroleumworld.com 09 29 2016
- story

No deal as Iran rejects Saudi oil output offer at OPEC's Algiers forum

Reuters/Ramzi Boudina

Iranian Oil Minister Bijan Zanganeh talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016.

ALGIERS
Petroleumworld.com 09 28 2016
- story

Pemex with less favorable terms in Trianon deep-water joint venture auction


Mexico's Pemex to cut stake in 1st deep-water venture

MEXICO CITY
Petroleumworld.com 09 28 2016
- story

Saudi is pushing for oil production limits while Iran is resisting to freeze output


Suddenly the tables have been turned on Saudi Arabia.

LONDON
Petroleumworld.com 09 27 2016
- story

PDVSA ready sign a 50/50 deal with Rosneft on Mariscal Sucre offshore gas fields


PDVSA waiting for Russia's Rosneft to develop the Mariscal Sucre offshore gas project.

MOSCOW
Petroleumworld.com 09 27 2016
- story

Ecuador warns OPEC of risks if agreement not reach in Algeria


Ecuador's President Rafael Correa hopes OPEC will reach agreement in Algeria

CARACAS
Petroleumworld.com 09 26 2016
- story

Petrobras sells to Brookfield Brazil's major gas pipeline


Petrobras sells major gas pipeline which feeds Brazil's core industrialized regions

MONTEVIDEO
Petroleumworld.com 09 26 2016
- story

 

Oil output triples, OPEC under pressure to Act in Algiers

LONDON/ DOHA
Petroleumworld.com 09 23 2016
- story

PDVSA reduces exports of subsidized crude to Petrocaribe

SAO PAULO
Petroleumworld.com 09 23 2016
- story

PDVSA awards $3.2 billion oil drilling contracts to Schlumberger, Horizontal Well and Y&V

CARACAS/HOUSTON
Petroleumworld.com 09 22 2016
- story

Offshore Mexico crude flowing in 2019, Fieldwood CEO says


Fieldwood-Petrobal joint venture to begin Mexico drilling next year

MEXICO CITY
Petroleumworld.com 09 22 2016
- story

Petrobras to raises asset sales goal and cut spending, in five-year plan


Petrobras Chief Executive Officer Pedro Parente

RIO DE JANEIRO/SAO PAULO
Petroleumworld.com 09 21 2016
- story

Oil-rich Venezuela failing? It's importing U.S. oil


El Furrial, Venezuela

EL FURRIAL, Venezuela
Petroleumworld.com 09 21 2016
- story

China's trader signed an agreement to operate Curacao oil refinery

ORANJESTAD, Aruba
Petroleumworld.com 09 20 2016
- story

Petrobras may cut output, investment in 2017-21 plan

RIO DE JANEIRO
Petroleumworld.com 09 20 2016
- story

Petrobras oil workers in pre-strike mode


Brazil oil workers reject Petrobras wage offer; strike is possible

RIO DE JANEIRO
Petroleumworld.com 09 19 2016
- story

PDVSA sweeten $7 billion bond swap offering Citgo backing

BOGOTA/SANTIAGO
Petroleumworld.com 09 19 2016
- story

U.S. the major hurdle for OPEC oil output freeze

LONDON
Petroleumworld.com 09 16 2016
- story

BP looking deep to invest in Argentina Oil & Gas


BP's Dudley Favors Argentina Shale Over Costly Texas Permian - Bloomberg

MONTEVIDEO
Petroleumworld.com 09 16 2016
- story

NOCs to retain oil & gas investment dominance: IEA's Birol

Reuters/Max Rossi

International Energy Agency Executive Director Fatih Birol speaks during the ''Rome 2015 MED, Mediterranean dialogues'' forum in Rome, Italy, December 11, 2015.

LONDON
Petroleumworld.com 09 15 2016
- story

Mexico's newest energy player IEnova plans to raise $1 billion in shares


Mexico's IEnova A unit of U.S. firm Sempra Energy
plans October share offering of over $1 bln -sources

LONDON
Petroleumworld.com 09 15 2016
- story

Pemex back in Wall Street dollar market with 30-year paper


Pemex returns with bond deal after long hiatus

NEW YORK
Petroleumworld.com 09 14 2016
- story

Pemex announced 160 MB (boe) discovery in Gulf of Mexico


Pemex says discovers six new crude deposits in Gulf of Mexico

MEXICO CITY
Petroleumworld.com 09 14 2016

Mexico's state oil company Pemex said on Tuesday it had discovered six new deposits in the Gulf of Mexico, two of super light crude in deep waters, and four of light crude in shallow waters. - story

Algeria sees OPEC consensus on need to balance prices


Algerian energy minister sees consensus on need to steady oil price: APS

ALGIERS
Petroleumworld.com 09 12 2016
- story

Murphy, Petroliam, Sierra to group for deepwater Mexico oil bidding


Mexico to auction 10 deepwater crude blocks on Dec. 5

MEXICO CITY
Petroleumworld.com 09 12 2016
- story

 

Iran could be struggling with oil output


Iranian oil output stagnates for third month amid OPEC bargaining

LONDON
Petroleumworld.com 09 09 2016
- story

Pemex to cut budget next year amid output decline - Meade


Jose Antonio Meade, Mexico's newly appointed Finance Minister

MEXICO CITY
Petroleumworld.com 09 09 2016
- story

Algeria to send 500.00 barrels of oil to Cuba due to Venezuela's falling supplies

ALGIERS/LONDON/HOUSTON
Petroleumworld.com 09 08 2016
- story

Ecuador drilling in Yasuni Amazon reserve


The Amazon rainforest considered one of the most biodiverse hotspots on the planet

TIPUTINI, Ecuador
Petroleumworld.com 09 08 2016
- story

Energy ministers of Saudi Arabia, Russia sign declaration, may limit output in future


Saudi Arabia's Energy Minister Khalid al-Falih with Russian Energy Minister Alexander Novak have agreed to set up a task force to stabilize the oil market.

HANGZHOU, China
Petroleumworld.com 09 07 2016
- story

New minimum royalty value set for Mexico's deepwater oil auction

MEXICO CITY
Petroleumworld.com 09 07 2016
- story

IEnova to buy Mexico's biggest wind farm for $850 mln


Ventika Wind Farm is a 252MW wind farm Mexico's biggest onshore wind farm and one of Latin America's biggest wind farms.

MÉXICO
Petroleumworld.com 09 06 2016
- story

Mexico Energy Summit 2016:“New Energy Projects: Planning, Investment and Operations”


The Energy and Infrastructure summit series unites public and private sector infrastructure and energy executives focused on the funding, providing in-depth overviews of a cross section of infrastructure and energy projects being developed in the region.

MÉXICO
Petroleumworld.com 09 06 2016
- story

Schlumberger closing down Venezuela's operations, competitors filling the gap


Schlumberger lets go of workers in Venezuela as it scales back

CARACAS/PUNTO FIJO, Venezuela.
Petroleumworld.com 09 05 2016
- story

 

President Maduro gets booed, chased and called ugly names by angry venezuelan protesters

 

CARACAS
Petroleumworld.com 09 05 2016
- story

The people storm Caracas demanding a referendum to remove Maduro


CARACAS
Petroleumworld.com 09 02 2016
- story

Argentina canceling LNG import deals as winter weather turns mild


Argentina reworks LNG import deals as mild weather hits demand

MILAN/BUENOS AIRES
Petroleumworld.com 09 01 2016
- story

Brazilian Senate voted 61-20 to dismiss Dilma Rousseff as president of the country

Reuters/Ueslei Marcelino

Dilma Rousseff attends the final session of debate and voting on her impeachment trial in Brasília.
Michel Temer confirmed as new president.

BRASILIA
Petroleumworld.com 09 01 2016
- story

ONS 2016: Worst is over for oil as investment at risk, Yergin says


IHS's Vice Chairman Daniel Yergin (left) with Leonid Surguchev of Lukoil (center) and Marcel Kramer of Energy Delta Institute, at ONS 2016.

STAVANGER, Norway
Petroleumworld.com 09 01 2016
- story

ONS 2016: Rebalancing to extend into 2017, ConocoPhillips CEO says


“The volatility is here to stay,” ConocoPhillips Chief Executive Officer Ryan Lance said on the sidelines of the ONS Conference


STAVANGER, NORWAY
Petroleumworld.com 08 31 2016
- story

ONS 2016: Petrobras and Statoil signed a MOU to strengthening alliance in Brazil

Statoil/Ole Jørgen Bratland

The MOU was signed by Statoil CEO, Eldar Sætre (left), and Petrobras CEO, Pedro Parente.

STAVANGER, NORWAY
Petroleumworld.com 08 31 2016
- story

ONS 2016: Oil market rebalancing could take until end 2017- Shell


ONS opening day, Aug 29, 2016

STAVANGER, NORWAY
Petroleumworld.com 08 30 2016
- story

ONS 2016: Petrobras divestment plan to strengthening cash flow by $15.1 billion end of 2016


CEO of Petrobas Pedro Parente: Time for recovery of Brazil's Petrobras

STAVANGER, NORWAY
Petroleumworld.com 08 30 2016
- story

OPEC's oil freeze deal key player is now Iraq

shutterstock.com

Iraq can crush OPEC's oil freeze believers

LONDON
Petroleumworld.com 08 29 2016
- story

PDVSA renews large drilling tender after earlier collapse

Reuters/Carlos García

PDVSA drilling rig in Monagas state, Venezuela

CARACAS/HOUSTON

 

Petroleum business on track, multibillion-dollar oil and gas deals are back on the table


Oil industry shifts from survival to growth

LONDON
Petroleumworld.com 08 26 2016
- story

No oil imports for PDVSA on payment woes, Venezuela's at the worst economic crisis


Port in La Guaira

HOUSTON
Petroleumworld.com 08 26 2016
- story

Iran, Ecuador in a dialog to stabilize oil prices

Reuters/Guillermo Granja

Iranian Foreign Minister Mohammad Javad Zarif talks with Ecuadorean President Rafael Correa at Carondelet Palace in Quito, Ecuador August 24, 2016.

QUITO
Petroleumworld.com 08 25 2016
- story

Gasoline with ethanol will be banned in three mexican cities


Mexico to ban gasoline oxygenated with ethanol in three urban centers

MEXICO CITY
Petroleumworld.com 08 25 2016
- story

Iran willing to meet to discuss oil prices-Opec sources

BidnessEtc

Iran signals more willingness for OPEC action to boost oil price.

DUBAI/LONDON
Petroleumworld.com 08 24 2016
- story

New Panama Canal difficult for Aframax and Suezmax tankers

Image via @JavierBlas2

Suezmax crude oil tanker M/V Aegean Unity entering new Panama Canal locks, Aug. 18, 2016.

HOUSTON
Petroleumworld.com 08 24 2016
- story

An OPEC output freeze maybe self-defeating: Goldman


Production cap may support prices, producer supply gains

HONG KONG
Petroleumworld.com 08 23 2016
- story

Pacific E&P creditors' get a bigger stake under new investor group bid


Pacific's independent committee said to make decision this week

BOGOTA
Petroleumworld.com 08 23 2016
- story

Nigeria's crude offline, guerrilla militants slashed oil output

Issaka Adams

Anger in the Delta keeps oil majors quiet, Nigeria Militants claims responsibility for attacks in oil-rich Niger Delta State

LONDON/LAGOS
Petroleumworld.com 08 22 2016
- story

PDVSA PetroCaribe oil fund embezzle by Haiti's PM's and ministers - country's senate report


Michel Martelly (left) and Felix Bautista. In June Haiti's Senate opened an investigation against Dominican Republic senator's Felix Bautista , who allegedly funneled millions of dollars from PetroCaribe funds to former president Michel Martelly.

PORT-AU-PRINCE
Petroleumworld.com 08 22 2016
- story

 

OPEC cuts unlikely, meeting of producers could help price - Nigeria


LAGOS
Petroleumworld.com 08 19 2016
- story

Oil companies to trim wellhead crude prices while Argentina temporary freeze of fuel prices


Oil producers in Argentina have long enjoyed above-market crude prices mandated by the government.

LAGOS
Petroleumworld.com 08 19 2016
- story

The question to ask of any oil producers' deal: Will it matter?


Russell: it's hard to see anything more than a fleeting impact, deal or no deal.

LAUNCESTON, Australia
Petroleumworld.com 08 18 2016
- story

Ecopetrol to open 80 new exploration wells during rest of 2016


Thirty-five of the new wells will be located in the Rubiales oilfield, while another 35 will be in the Castilla field.

BOGOTA
Petroleumworld.com 08 18 2016
- story

Iranian oil exports at 2.1 mln + bpd in July


Iran's crude oil exports above 2.1 mln bpd in July - SHANA

DUBAI
Petroleumworld.com 08 17 2016
- story

Mexico's finishing hedging program in a bid to guarantee oil revenues


Mexico's
finance minister says it has nearly completed 2017 oil hedge

MONTERREY
Petroleumworld.com 08 17 2016
- story

Saudi Arabia maybe willing to cut a supply deal-OPEC sources


OPEC deal a tough task, as oil output freeze expectations rise

DUBAI/LONDON
Petroleumworld.com 08 16 2016
- story

Venezuela out of the global oil export market for 2017: Columbia University report


Global oil market faces less Venezuela supply in 2017 -Columbia Univ.

HOUSTON
Petroleumworld.com 08 16 2016
story

Poland replacing Russia's Urals oil with Iranian oil


Oil reshuffle in Poland - Urals out, Iran in

MOSCOW
Petroleumworld.com 08 15 2016
- story

Andres Lopez Obrador in 3rd bid to lead Mexico, vows to reverse energy reform if elected


In 3rd bid to lead Mexico, fiery leftist puts oil reform in crosshairs

MEXICO CITY
Petroleumworld.com 08 15 2016
- story

 

U.S. Refiners growing output from Latin American fuel shortage


U.S. refiners are operating at the highest rate since November

SAO PAULO
Petroleumworld.com 08 12 2016
- story

Petrobras second-quarter profit fell by 30 percent vs a year earlier


Petrobras' profit declines on lower prices, charges

RIO DE JANEIRO
Petroleumworld.com 08 12 2016
- story

Saudi Arabia-Iran rivalry heats up as OPEC seeks to stabilize price

LONDON
Petroleumworld.com 08 11 2016
- story

Petroperu detects fresh oil spill from decades-old Amazon pipeline

LIMA
Petroleumworld.com 08 11 2016
- story

Oil fall on oversupply; calls for OPEC vs non OPEC meeting met with scepticism

SINGAPORE
Petroleumworld.com 08 10 2016
- story

Zero barrels of U.S. crude oil has Pemex imported

The aim to produce better-quality gasoline and diesel by blending Mexican heavy crude with U.S. light oil has run into a snag, refinery woes, smaller profit margins said to stall plans.

MEXICO CITY
Petroleumworld.com 08 10 2016
- story

OPEC member countries to meet in September


Oil cartel is constantly discussing ways to stabilize market, says OPEC president

DUBAI
Petroleumworld.com 08 09 2016
- story

U.S. ruling blocking $8.6 in favor Chevron on Ecuador rainforest suit

NEW YORK
Petroleumworld.com 08 09 2016
- story

OPEC could resume talks on oil production freeze in algeria's IEF Forum in Sept.

BidnessEtc

Six months after OPEC left its high-production policy in place, some of the cartel members who called loudest for output cuts are feeling the most pain.

MOSCOW
Petroleumworld.com 08 08 2016
- story

U.S. shale oil producers bring back rigs for the longest streak in a year


Permian Basin oil rigs rise by 5, Eagle Ford adds 4 rigs.

AUSTIN, Texas
Petroleumworld.com 08 08 2016
- story

 

Without subsidies and low oil prices, Saudi's stabilizing economy


Saudi Arabia shift towards an economy more sustainable and less dependent on oil

VERMONT, United States
Petroleumworld.com 08 05 2016
- story

PDVSA keeps cheap oil flowing as Venezuela economy collapses


Venezuelan pride keeps oil flowing

SANTO DOMINGO, Dominican Republic.
Petroleumworld.com 08 05 2016
- story

Kemp: Why is oil market rebalancing taking so long?

LONDON
Petroleumworld.com 08 04 2016
- story

Argentina confirmed China's leading role in country economic relations


Macri reviewed and confirmed China's leading role in Argentina.

MONTEVIDEO
Petroleumworld.com 08 04 2016
- story

Mexican state set to make billions with world's largest oil hedge

LONDON/MEXICO CITY
Petroleumworld.com 08 03 2016
- story

Class action on bribery against Petrobras on hold by U.S. court

NEW YORK/RIO DE JANEIRO

Oil prices down to $40 as market oversupplied


Oil prices fall below $40 as OPEC ramps up output

MOROCCO
Petroleumworld.com 08 02 2016
- story

Atlantic LNG sanction Trinidad onshore compression (TROC) project

PORT SPAIN
Petroleumworld.com 08 02 2016
. - story

Survey shows OPEC oil output set to reach record high in July


Middle East members saw record supply in June, pushing total OPEC crude oil output 510 kb/d above a year ago.

LONDON
Petroleumworld.com 08 01 2016
- story

The Brazilian-Argentine ABACC Agency for Control of Nuclear Material celebrate 25th anniversary


ABACC, was the result of the nuclear energy peaceful use accord, signed by then presidents Carlos Menem and Fernando Collor, in Guadalajara, Mexico.

LONDON
Petroleumworld.com 08 01 2016- story

 

Precio del petróleo toca mínimos de tres meses


WTI cayó 78 centavos, a $41,14 y Brent bajó 77 centavos, a 42,70 dólares por barril.

NUEVA YORK
Petroleumworldve.com 29 07 2016
- nota

Pemex reduce su pérdida en el segundo trimestre 2016


Pemex reduce sus pérdidas

CIUDAD DE MÉXICO
Petroleumworldve.com 29 07 2016
- nota

 

Banco Mundial estima precio de $43 dólares por barril para 2016

CARACAS
Petroleumworldve.com 28 07 2016
- nota

Vaca Muerta en Argentina se frena por el precio del petróleo


El yacimiento se encuentra en un proceso de stand-by como consecuencia de la caída del valor del crudo por debajo de los u$s 50 por barril, y es rentable a los u$s 80.

NEUQUEN, Argentina
Petroleumworldve.com 28 07 2016
- nota

PDVSA CEO Del Pino reconoce errores en la estatizaciones de empresas en el 2009

CPV

El Ministro de Petróleo y presidente de Petróleos de Venezuela participó en la juramentación de la nueva Junta Directiva de La Cámara Petrolera de Venezuela - CPV

CARACAS
Petroleumworldve.com 27 07 2016
- nota

Kuczynski podría renegociar contratos peruanos de gas natural


El presidente electo de Perú, Pedro Pablo Kuczynski, buscará renegociar los contratos de producción y exportación de gas natural para aumentar los ingresos para el país andino, dijo su futuro ministro de Economía en una entrevista emitida el lunes.

LIMA
Petroleumworldve.com 27 07 2016
- nota

Canadá y México exentos de límites de importación de petróleo enfrenta a productores independientes

LONDRES
Petroleumworldve.com 26 07 2016
- nota

Ecuador cruza frontera ambiental al explotar el yacimiento ITT


Petroamazonas anunció que producirá crudo del ITT utilizando 70 medidas de protección ambiental, que incluyen sistemas de perforación horizontal y en racimo que provocarían un mínimo impacto.

MONTEVIDEO
Petroleumworldve.com 26 07 2016
- nota

Ecuador paga unos 112 mln dlr a petrolera Chevron por fallo arbitraje


Ecuador pagó los 96,3 millones de dólares más intereses para un total de 112 millones de dólares.

QUITO
Petroleumworldve.com 25 07 2016
- nota

Pemex importará combustibles ante paro en refinería


Importará Pemex combustible para solucionar desabasto

CIUDAD DE MÉXICO
Petroleumworldve.com 25 07 2016
- nota

 

 

Saudi Arabia regains leadership in China crude supply

Reuters/Ali Jarekji

A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008.

BEIJING
Petroleumworld.com 07 22 2016
- story

Rothschild & Co. leading group of PDVSA debt swappers

NEW YORK/BOGOTA
Petroleumworld.com 07 22 2016
- story

Oil services company Halliburton reports $148 million loss from Venezuela operations


Halliburton Company limit operations in Venezuela

CARACAS
Petroleumworld.com 07 21 2016
- story

Allowing Venezuela into Mercosur was Rousseff's great mistake, says Brazil's foreign minister


Mercosur under Lula, Rousseff and the Kirchner couple in Argentina became a highly ideological group distanced from its original purpose of promoting trade

CARACAS
Petroleumworld.com 07 21 2016
- story

Mexico approves Round 2 auction for 15 offshore oil areas in 2017


Mexico's third auction for onshore mature fields was hailed as a resounding success as all 25 blocks were awarded to mostly Mexican oil and gas companies.

MEXICO CITY
Petroleumworld.com 07 20 2016
- story

Petrobras inclined to restart BR Distribuidora unit stake sale

SAO PAULO
Petroleumworld.com 07 20 2016
- story

Petrobras has no plans to be privatize, CEO says -paper


The Brazilian government has no plans to privatize Petrobras and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's CEO says.

BRASILIA
Petroleumworld.com 07 19 2016
- story

Petroperu diversifies crude imports with purchases from Brazil, U.S.


Peru importing crude from the Americas.

HOUSTON/BUENOS AIRES
Petroleumworld.com 07 19 2016
- story

Oil flows through Turkey's pipelines and shipping lanes as coup ends

Bloomberg

Turkey reopens Istanbul's Bosphorus Strait to transiting tankers, after coup attempt

LONDON
Petroleumworld.com 07 18 2016
- story

SBM to pay $163 million fine in leniency deal on Petrobras corruption


In 2015, brazilian prosecutors charged 12 people into bribery involving SBM Offshore and Petrobras, now they will be immune to new lawsuits concerning the case.

 

Missing recovery prompts warnings of oil at $40


The Middle East has boosted production as U.S. decline.

LONDON
Petroleumworld.com 07 15 2016
- story

Pan American Energy pledges US$ 1.4bn in investments in Argentine Patagonia

Mercopress

Mauricio Macri: "The world is enthusiastic with argentina"

MONTEVIDEO
Petroleumworld.com 07 15 2016
- story

IEA: Oil glut remains a major dampener on prices, Venezuelan oil output slumping


The IEA's latest Monthly Oil Report reported Global oil supplies rose by 0.6 mb/d in June to 96 mb/d after outages curbed OPEC and non-OPEC supplies in May.

CARACAS
Petroleumworld.com 07 14 2016
- story

PDVSA 2015 financials show company issue debt to pay providers, procurement fraud, revenue tumbles



CARACAS
Petroleumworld.com 07 14 2016

PDVSA issued $831 mln debt to pay providers this year - story

Oil markets still oversupplied, now growth is stuttering

Reuters/Andrew Cullen

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016.

SINGAPORE/LONDON |
Petroleumworld.com 07 13 2016
- story

Petrobras' Pre-Salt layer monopoly is crucial for Brazil


On May 8, Pre-salt output sets a new record and surpasses the barrier of 1 million barrels per day (bpd).

RIO DE JANEIRO
Petroleumworld.com 07 13 2016
- story

Russia's Novatek resells T&T LNG to Chile


Russia enters LNG spot market with first shipment to Chile

PORT SPAIN
Petroleumworld.com 07 12 2016

The reselling continues, but this time from Russia to Chile using Trinidad and Tobago (T&T) liquified natural gas (LNG). - story

Petrobras oil and gas output 5.53 percent more than a year earlier


Petrobras oil, gas output jumps to record after slumping during repairs

RIO DE JANEIRO
Petroleumworld.com 07 12 2016
- story

Oil storage tanks full, doubt over crude demand


U.S. Labor Day drivers enjoy lowest gasoline prices since 2004

LONDON
Petroleumworld.com 07 11 2016
- story

Pemex finding new ways to raise cash with sale and leaseback agreement


KKR's Mexican Oil Deal Kicks Off New Era in Funding for Pemex


MEXICO CITY
Petroleumworld.com 07 11 2016
- story

 

Pemex joint ventures to give Mexico's oil output a boost


MEXICO CITY
Petroleumworld.com 07 08 2016
- story

Crisis-ridden Venezuela cuts in half oil exports to Cuba


People wait in line to buy food in Caracas, Venezuela.

HOUSTON/CARACAS
Petroleumworld.com 07 08 2016
- story

Asia's stalling economic growth feeding into lower oil demand


The oil industry is losing the burn of Asian demand

SINGAPORE/SEOUL/TOKYO
Petroleumworld.com 07 07 2016
- story

Bolivia to increase gas production by 33% by 2020


Bolivia's proven gas reserves are in the order of 24.8 trillions according to the official version.

MEXICO
Petroleumworld.com 07 07 2016
- story

How much oil there is in Saudi Arabia and how long will it last?


Kemp: Saudi Arabia's oil reserves: how big are they really? More than half of the world's proven oil reserves are located in the Middle East, that is, the Middle East contains more oil than the rest of the world combined.

LONDON
Petroleumworld.com 07 06 2016
- story

Brazil to sale subsalt oil rights by 2017


Brazil 2017 subsalt oil rights sale to unlock stalled fields, included auction of giant Carcará field

RIO DE JANEIRO
Petroleumworld.com 07 06 2016
- story

Singapore thirsty oil market helped by crisis-struck Venezuela's PDVSA


Crisis-struck Venezuela sends fuel oil tankers into tight Singapore market

SINGAPORE
Petroleumworld.com 07 05 2016
- story

India's ONG to fight Petrobras in the delay Sergipe block project


Petrobras' Indian partners fight delay in troubled Brazil oil project

RIO DE JANEIRO/NEW DELHI
Petroleumworld.com 07 05 2016
- story

Bloomberg eye on Venezuela's oil economy default


Venezuelan credit dashboard: bonds, crude export prices rebound

CARACAS
Petroleumworld.com 07 04 2016
- story

Ecopetrol to drill new wells in Rubiales to keep output in 135.000 bd


Colombia's Ecopetrol to open new wells in Rubiales, keep output steady

BOGOTA
Petroleumworld.com 07 04 2016
- story

Former Trinidad & Tobago prime minister Patrick Manning died


Patrick Manning, Prime Minister of Trinidad & Tobago listen to a Petroleumworld's question, at the Energy Conference in Port of Spain, on August 14, 2007.

CARACAS
Petroleumworld.com 07 02 2016
- story

 

OPEC oil output in June at the highest level


OPEC oil output hits record high in June on Nigerian rebound

LONDON
Petroleumworld.com 07 01 2016
- story

Exxon confirm Guyana “world-class oil discovery”, could yield up to 1.4 billion barrels


Exxon's off Guyana coast crude oil deposit may could be worth $70 billion at current prices

CHICAGO
Petroleumworld.com 07 01 2016
- story

U.S. President Barack Obama urges Venezuela to respect democratic process

Reuters/Kevin Lamarque

Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama take part in a press conference, June 29, 2016 04:55pm EDT

OTTAWA
Petroleumworld.com 06 30 2016
- story

Fossil fuels demand will not be affected by climate policies

A map of world oil reserves, 2013

Demand for fossil fuels will used oil and gas reserves, climate policies will not affect them

LONDON
Petroleumworld.com 06 30 2016
- story

Nuclear industry capacity grew to record last year-IEA

Power

Fatih Birol, executive director of the International Energy Agency, spoke at the opening session of the 2016 World Nuclear Exhibition at Le Bourget, outside Paris, on June 28.

PARIS
Petroleumworld.com 06 29 2016
- story

U.S. Supreme Court to hear Helmerich & Payne vs Venezuela/PDVSA oil rig dispute


Oklahoma-based Helmerich & Payne International Drilling disassembled its rigs in 2009 after PDVSA had failed to pay $100 million in bills. In response, Venezuela's government seized the properties, which were still in the country.

WASHINGTON
Petroleumworld.com 06 29 2016
- story

Oil prices tumble, Brent down to 7-week low, on Brexit turmoil, dollar rally


Crude futures down almost 8 pct since Thursday's close. Goldman, some analysts don't see Brexit impact on oil for long.

NEW YORK
Petroleumworld.com 06 28 2016
- story

Venezuela's oil production could decline further from a six-year low


PDVSA's crude output decline accelerates as drillers go unpaid

LONDON
Petroleumworld.com 06 28 2016
- story

Russia and China JV partners in energy deals, as Putin visits


China secures energy stakes in Russian projects, talks security with Russia

BEIJING
Petroleumworld.com 06 27 2016
- story

Chevron venture at Vaca Muerta shale drop costs 20%


Venture with YPF sees costs fall to $11.2 million per well. Oil companies seeking to reproduce Chevron's success: Moshiri

BUENOS AIRES
Petroleumworld.com 06 27 2016
- story

 

JANUARY - JULY 2015 201

Previous Stories from :

2014

Jan - Dec 2014

2013

June - Dec 2013


January - June 2013


2012

Jan- June 2012


July - December 2012

2011

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2010

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