Regional News: Latin America

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Mexico's Pemex must take Minimum 45 pct Stake in Deep Water Venture
Wednesday, July 27, 2016 Mexico's oil regulator said state-owned oil company Pemex must take a minimum 45 percent stake in its first-ever proposed joint venture with would-be private partners to develop oil reserves in the Gulf of Mexico's deep waters.

Pemex Says 500 People Evacuated for Gas Leak, no Injuries
Wednesday, July 27, 2016 Mexcan state oil company Pemex said around 500 people had been temporarily evacuated near the city of Salamanca in central Mexico due to a gas leak caused by an illegal pipeline tap, though no injuries were reported.

Malaysia's SapuraKencana Secures $113M Contract for a Mexican Assignment
Tuesday, July 26, 2016 Malaysia's SapuraKencana Petroleum secures a $113 million contract from Mexico's Pemex Exploracion y Produccion.

In Venezuela's Murky Oil Industry, the Deal that Went Too Far
Tuesday, July 26, 2016 Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far.

Brazil Has No Plans to Privatize Petrobras, CEO Says
Monday, July 18, 2016 The Brazilian government has no plans to privatize Petroleo Brasileiro and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's CEO says.


Peru Diversifies Crude Imports with Purchases from Brazil, US
Monday, July 18, 2016 Peru has started expanding the sources of its crude imports, slowly introducing US and Brazilian grades to a slate mostly based on oil from Ecuador, Africa and Trinidad and Tobago, according to Thomson Reuters Trade Flows data.

Venezuela's PDVSA Issued $831M Debt to Pay Providers this Year
Wednesday, July 13, 2016 PDVSA has issued $831 million in promissory notes this year to repay debts to service providers, according to its latest financial statement.

KKR's Mexican Oil Deal Kicks Off New Era in Funding for Pemex
Friday, July 08, 2016 The biggest corporate issuer of bonds in emerging markets appears to be taking a breather.

Searcher Acquiring Buscador Near-shore 2D Seismic Offshore Mexico
Friday, July 08, 2016 Searcher Seismic commences acquisition of Buscador Near-shore 2D seismic survey offshore Mexico.

Russia's Novatek Enters LNG Spot Market with First Shipment to Chile
Thursday, July 07, 2016 Novatek, says it has begun trading operations by sending the first cargo of LNG from Shell's plant in Trinidad and Tobago to the Chilean port of Quintero.

Brazil Committee Votes to End Exclusive Petrobras Subsalt Rights
Thursday, July 07, 2016 A bill to allow companies other than Petrobras to run new oil and gas projects in Brazil's prolific subsalt region advances.

Venezuelan Crude Exports to US Fall 14% in June
Thursday, July 07, 2016 Venezuelan crude oil sales to the US fell 14 percent in June compared with the previous month amid lower purchases of diluents by state-run PDVSA to formulate exportable blends.

First Alaskan North Slope Crude Export Planned for Nicaragua
Friday, July 01, 2016 Alaskan North Slope crude will be shipped to Nicaragua for the first time in July, two trade sources say, underscoring a shift in oil flows to and from the US West Coast.

Colombia's Ecopetrol to Open New Wells in Rubiales, Keep Output Steady
Friday, July 01, 2016 Colombia's state-owned oil company Ecopetrol will drill hundreds of new wells in the Rubiales oilfield in a bid to keep the area's output at 135,000 barrels per day, the company's president says.

Ecopetrol Takes Full Control of Rubiales Field, Output to Rise 60,000 Bpd
Thursday, June 30, 2016 Colombia's Ecopetrol says it will take over full operations on Friday at the Rubiales oilfield, the country's largest, in a move set to increase the state-run oil company's overall output by 60,000 barrels a day.

Chile Just Gave Cheniere a Big Reason to Build Another LNG Plant
Thursday, June 30, 2016 Chile this week gave Cheniere Energy Inc. a good reason to build another plant to export US natural gas by clearing the final environmental hurdle for a proposed floating import terminal.

BP Receives Its First Venezuelan Crude Cargo Under Swap Deal
Wednesday, June 29, 2016 BP this month receives a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies agreed on a swap arrangement to settle pending payments for US oil shipments.