Downstream News


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$800 Million Gas Pipeline Proposed As Argentina Preps For Shale Boom
Friday, October 13, 2017 Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina's Vaca Muerta shale fields, a company source says.

Venezuela Confirms Discussing Citgo Collateral Swap With Rosneft
Wednesday, October 04, 2017 PDVSA is negotiating to swap Russian oil producer Rosneft's collateral in Venezuelan-owned, Citgo, adding that results are expected 'very soon.'

Peru Crude Oil Pipeline Resumes Operation After Year Of Spills
Tuesday, September 26, 2017 A crude oil pipeline operated by Petroperu became fully operational following repairs.

Venezuelans Face Growing Queues To Buy Gasoline
Thursday, September 21, 2017 Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves.

Oil Cargoes Shift Away Venezuela As Hurricanes Extend Disruptions
Monday, September 18, 2017 Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes.

Venezuela's Crude Supply To The United States Was Flat In August
Wednesday, September 13, 2017 Venezuelan crude sales to the US in August were largely unchanged at 638,935 bpd compared with the prior month, but continued to fall far short of year-earlier levels.

Brazil to Crack Down on Ships Sold Into 'Toxic' Scrap Trade
Thursday, August 24, 2017 Brazilian regulators are planning to strengthen rules to prevent exporters from selling aging ships to buyers who offload the vessels in South Asia's controversial coastal scrapyards.

US Soyoil, Fuel Credits Jump On Duties For Argentina Biodiesel Imports
Wednesday, August 23, 2017 US soyoil prices jumped 1.8% while biomass-based diesel fuel credits also gained on expectations.

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.

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.

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.

We Grow Fuel Here: Fighting the Oil Slump by Bartering for Grain
Friday, July 07, 2017 YPF SA is expanding into a vibrant local farm industry and gain access to dollar-based export markets for grain.

Peru To Auction Natgas Pipeline Project In First Half 2018
Thursday, July 06, 2017 Peru is planning to hold a new auction for a natural gas pipeline in the first half of 2018.

Chilean Scientists Produce Biodiesel From Microalgae
Monday, July 03, 2017 Biodiesel made from microalgae could power buses and trucks and reduce greenhouse gas emissions by as much as 80%.

Petrobras Revives Plan for IPO of Fuel Distribution Unit
Friday, June 23, 2017 Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.

Rebel Bomb Attack Halts Colombia's Cano Limon Crude Pipeline
Thursday, June 22, 2017 A bomb attack over the weekend by the Marxist ELN rebels has halted the flow of crude along Colombia's Cano-Limon Covenas pipeline, sources say.

Venezuela's PDVSA Says Cardon Refinery Cracker Working Normally
Wednesday, June 21, 2017 The catalytic cracking unit at Venezuela's 310,000-barrel-per-day (bpd) Cardon refinery is now working normally.

Venezuela Looks Abroad for Fuel as Domestic Production Wanes
Tuesday, June 20, 2017 Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year.

Venezuelan Refinery Reels As PDVSA Ships Light Oil To Cuba, Curacao
Tuesday, June 06, 2017 Venezuela's 187,000-barrel-per-day Puerto la Cruz refinery is running at 16 percent of capacity, mainly due to a lack of light oil.

Venezuela's Secret Plot to Sell Banned Syrian Oil in US Market
Thursday, May 25, 2017 The plan reportedly aimed to sell discounted Syrian oil to Venezuela through a Russian shell company, which would send it to Aruba for refining and distribution to US gas stations.

Venezuela Oil Executive Arrested in Corruption Probe
Tuesday, May 23, 2017 Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp.

Chile to Export Gas to Argentina to Cover Winter Demand
Friday, May 19, 2017 Chile does not have significant gas production of its own but is selling surplus LNG imported via its Pacific-facing ports.

Fuel Shortage Again Hits Oil-rich Venezuela Amid Refinery Woes
Wednesday, May 17, 2017 The waits at gasoline stations heap extra hardship on the nation of 30 million.

Braskem Seeing Stronger Demand from Brazil's Auto, Building Sectors
Monday, May 15, 2017 Braskem SA has seen an improvement in Brazilian demand for its plastics and other petrochemical products, especially in the automotive and construction industries, its CEO said.

Venezuela's Main Refining Complex Working at 43 Pct of Capacity -Reports
Wednesday, May 10, 2017 The Paraguana Refining Center, which includes Venezuela's two largest refineries, is working at 43 percent of its installed capacity of 955,000 barrels per day (bpd), according to internal reports from its operator, state-run PDVSA, seen by Reuters.

Petrobras Adding Refineries to Asset Sales as CEO Seeks Cash
Tuesday, May 02, 2017 The Petrobras asset sales are far from over, and they will now include refineries.