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Brazil Minister Faces Uphill Fight to Fix Battered Energy Sector
Monday, May 23, 2016 Interim President Michel Temer has given one of the biggest jobs of his administration to the youngest and least known of his cabinet members: Mines and Energy Minister Fernando Coelho Filho, 32.
GeoPark to 'Pounce' on Deals as Cheap Oil Creates Bargains
Monday, May 23, 2016 GeoPark is considering buying assets from other oil producers in Latin America and could close a deal by year-end as an industry downturn is leaving many of its rivals strapped for cash.
Brazil's Petrobras to Name Parente as CEO on Monday
Friday, May 20, 2016 The board of Brazil's state-run oil producer Petroleo Brasileiro SA will meet on Monday to formalize the nomination of Pedro Parente as chief executive, replacing Aldemir Bendine, according to a securities filing on Friday.
Exxon, Total, Chevron In Talks With Pemex On Gulf Prospects
Friday, May 20, 2016 Pemex is in talks with Exxon Mobil Corp., Total and Chevron as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Petrobras Reopens Foreign Debt Markets for Brazilian Corporates
Thursday, May 19, 2016 Oil firm Petrobras threw open the door for Brazilian corporate issuance this week after printing a $6.75B bond - the first domestic company to sell foreign debt since June 2015.
Brazil to Offer Petrobras CEO Job to Former Minister Parente
Thursday, May 19, 2016 Brazil's new government will formally invite well-seasoned business leader Pedro Parente to lead Petrobras, as the state-controlled oil producer struggles to reduce debt and navigate the fallout from the country’s biggest corruption scandal.
Petrobras to Offer New Debt, Repurchase Up to $3B in Bonds
Tuesday, May 17, 2016 State-controlled Petrobras plans to sell five- and 10-year dollar-denominated bonds as early as Tuesday, the first global offering of bonds by any Brazilian company since last June.
Mexico's Pemex Says It Failed To Replenish Its Reserves In 2015
Tuesday, May 17, 2016 Mexican state oil giant Pemex says it failed to replenish its proven reserves in 2015 with enough new discoveries, after its reserve-replacement ratio hit just 18 percent in 2014.
Minister: Argentina Aims to Stop Importing Light Crude This Year
Thursday, May 12, 2016 Argentina aims to stop importing light crude this year while increasing domestic refining operations, Energy Minister Juan Jose Aranguren says.
Brazil's Petrobras Reports Net Loss of $358M
Thursday, May 12, 2016 Brazil's state-led oil company, Petroleo Brasileiro SA, reported a 1.25 billion real ($358 million) net loss in the first quarter, according to a company statement.
OTC 2016: Mexico Seeks to Enhance Energy Sector Accountability
Wednesday, May 04, 2016 Mexico seeks to enhance the transparency and accountability of its energy sector.
Brazil Oil Industry Sees Reforms Advancing If Government Changes
Tuesday, May 03, 2016 Brazil is more likely to reform its struggling oil industry to attract investments if there is a change in government, some of the country's top oil executives said at an industry gathering in Houston.
Pemex Says $8B More In Government Aid Could Be On Its Way
Friday, April 29, 2016 Mexico is doing everything it can to salvage its cash cow, and the next step may be to reimburse the oil giant for $8 billion in pension liability savings.
Mexico's Pemex Posts Narrower First Quarter Loss
Thursday, April 28, 2016 Mexican national oil company Pemex reports a 62 billion peso ($3.6 billion) loss in the first quarter, less than last year as a lower tax burden helped offset a slump in crude prices.