Regional News: South America

 
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Report: Petrobras, Brazil Dispute Transfer Of Rights Worth $30B
Friday, August 18, 2017 Brazil's government and Petrobras are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion.

Brazil Extends Customs Perks For Oil Industry Through 2040
Friday, August 18, 2017 Brazil extended through 2040 a preferential customs regime for the oil and gas industry called Repetro.

Venezuela's Oil Company Says 'Financial Blockade' Hurts Payments
Friday, August 18, 2017 A US-led 'financial blockade' has hurt PDVSA's capacity to collect payment for crude cargoes

Colombia's Ecopetrol Names New CEO, Echeverry Resigns
Thursday, August 17, 2017 Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.

Ecuador's Esmeraldas Refinery In 'Critical' Situation Despite Overhaul
Wednesday, August 16, 2017 The situation at Ecuador's state-run Esmeraldas refinery remains 'critical,' including problems with the catalytic cracking unit.

  


Threat of Venezuelan Oil Ban Pits Oil Boss Hamm Against Refiners
Friday, August 11, 2017 The prospect of a US blockade of crude oil imports from Venezuela has ignited fierce lobbying in Washington pitting domestic energy producers against refiners that depend on those supplies.

No-Name US Oil Driller Gets Shot at World's Top Reserves
Wednesday, August 09, 2017 'It's very unorthodox to see a small player like Horizontal Well Drillers pop up on a project this size,' said Luke Lemoine, an energy analyst at Capital One Securities Inc.

Brazil Authorizes Petrobras To Export Idle LNG Cargoes
Wednesday, August 09, 2017 Petroleo Brasileiro SA has been authorized to export idle LNG in the spot market.

Petrobras CEO: Pre-Salt Oil Extraction Costs $8 Per Barrel
Tuesday, August 08, 2017 Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petrobras CEO Pedro Parente said at an event in Sao Paulo.

Rosneft Says Lent Venezuela's State Oil Firm A Total Of $6B
Tuesday, August 08, 2017 Rosneft says it made around $6 billion in pre-payments to PDVSA and had no immediate plans to make any further advance payments soon.

Russian Oil Giant Lends Support to Venezuela Oil Company
Friday, August 04, 2017 Russia's largest oil company disclosed another advance payment to Venezuela's state producer after the US sanctioned President Nicolas Maduro on Monday.

PDVSA Asks Bondholders to Waive Financial Reporting Requirements
Thursday, August 03, 2017 PDVSA is asking bond investors for a temporary waiver from financial reporting requirements because it can't complete the documents on time.

Document: PDVSA's Refining Network To Work At 44% Of Capacity In Aug
Tuesday, August 01, 2017 PDVSA expects its refining network to work at 44% of capacity in August due to a lack of light crude and spare parts and planned maintenance work.

Oil Markets Escape Venezuela Sanctions For Now
Monday, July 31, 2017 US oil markets had a muted reaction after Washington slapped sanctions on Venezuelan President Nicolas Maduro.

Brazil Pre-Salt Oil Output Surpasses All Other Fields In June
Monday, July 31, 2017 Brazil oil production rises .8 percent in June from May to an average of 2.675 million barrels per day.