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Caribbean Refinery Is Back in Business
Limetree Bay Refining in St. Croix, U.S. Virgin Islands, has successfully resumed operations.
7:48 AM EST | February 03, 2021
Petrobras Extends FPSO Contract with BW Offshore
BW Offshore has received an extension agreement for the BW Cidade de Sao Vicente FPSO vessel from Petrobras.
7:31 AM EST | June 09, 2020
Shell Seeks Bigger Share of Mexico's Fuel Market
Royal Dutch Shell Plc is seeking a bigger share of Mexico's fuel market, even as regulatory changes make it harder for foreign companies to compete.
2:39 PM EST | January 09, 2020
Mexico Plan to Divert Gas Pipeline Reignites Concerns
Mexico's move to divert a TC Energy Corp. gas pipeline from indigenous lands is reigniting concerns over the future of energy projects in the country.
9:14 AM EST | January 07, 2020
Mexico's Growing Fuel Market Just Got Less Competitive
Two rules designed to facilitate private investment in the energy sector were rolled back this week.
3:14 PM EST | December 18, 2019
Brazil Terminal Project Advances
Construction is set to start next year on a greenfield private terminal in Itapemirim, Brazil.
12:21 PM EST | November 26, 2019
AMLO Says Pipeline Deal to Save $4.5B
Mexico President Andres Manuel Lopez Obrador said that a deal has been reached with three firms over natural gas pipeline contracts.
9:33 AM EST | August 27, 2019
AMLO Dreams of a New Refinery for Mexico
Mexico's future energy minister was looking for inspiration two years ago when she toured the world's largest refining complex, a 7,500-acre maze of industrial plants and pipes in India.
3:04 PM EST | July 26, 2019
Peru LNG Facility Hits Milestone
Okra Energy's small-scale natural gas liquefaction facility in Peru that applies the company's technology has achieved an LNG milestone.
4:15 AM EST | July 04, 2019
Mexico LNG Project Clears US Hurdle
Sempra Energy's Energia Costa Azul LNG subsidiary has won two key authorizations from the US Department of Energy.
11:32 AM EST | April 01, 2019
Venezuelan Oil Shipments to US Skid to a Halt on Sanctions
American refiners looking to replace the lost Venezuelan oil aren't likely to find any solace from OPEC.
11:53 AM EST | March 21, 2019
India Becomes Top Buyer of Venezuelan Oil
Meanwhile, shipments to Venezuela's long-time ally China have slowed down.
8:46 AM EST | February 18, 2019
AMLO Doubles Down to End Fuel Theft after PEMEX Explosion
Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft.
11:07 AM EST | January 21, 2019
Mexico Fuel Sellers Said to Seek Pemex Alternative
Private gasoline retailers are scrambling for alternatives to state-owned Pemex to supply their service stations in Mexico that are running out of fuel.
4:51 PM EST | January 11, 2019
Petchems-focused Firm Becomes Offshore Operator
The Iguana platform installation with a well services rig. SOURCE: Proman Group
1:25 PM EST | December 31, 2018
AMLO Earmarks $23B to Boost National Oil Industry
Mexican President Andres Manuel Lopez Obrador is boosting Pemex's budget to $23 billion next year to reverse flagging oil production and increase domestic fuel output.
4:15 PM EST | December 17, 2018
Mexico to Build an $8 Billion Refinery
Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019.
1:17 PM EST | December 10, 2018
Pemex Refineries Operating at Lowest Level in Almost 3 Decades
Petroleos Mexicanos' refineries are operating at the lowest level in almost three decades.
11:18 AM EST | November 29, 2018
Total May Source LNG from Louisiana and Baja Projects
Sempra and Total have signed an MOU that could boost the companies' North American LNG collaboration.
11:47 AM EST | November 05, 2018
Gasoline Retailers Face Supply Shortage Due to Mexico Fuel Theft
BP Plc and Total SA are among international gasoline retailers that are facing a supply shortage in Mexico.
12:24 PM EST | November 01, 2018
Data, Source: Mexico's State-Run Pemex Pauses Light Crude Exports
Pemex has not exported light crude since May, according to a source and export data seen by Reuters.
11:17 AM EST | August 31, 2018
Trinidad Oil Union To Call General Strike If Refinery Shuts Down
OWTU threatens a general strike if the island's government does not rescind a decision to shut down the country's lone oil refinery.
10:57 AM EST | August 31, 2018
PDVSA to Resume Use of Caribbean Oil Terminal Under NuStar Deal
NuStar had suspended PDVSA several times since 2017 from using its St. Eustatius facility over millions of dollars in missed payments.
11:52 AM EST | August 21, 2018
Panama, US To Sign Pact To Expand Regional Access To LNG
Panama and US to sign an agreement aimed at paving the way for more private investment to expand the importation and distribution of US LNG in Latin America.
11:50 AM EST | August 17, 2018
Lopez Obrador Seeks To Boost Mexico Oil Output To 2.5 MMbpd From 1.9 MMbpd
Mexican president-elect Andres Manuel Lopez Obrador said he will look to revamp the nation's six refineries so they are operating at full capacity within two years.
4:02 PM EST | July 27, 2018
Analyst: New Pipeline in Mexico to Help Relieve Permian Bottleneck
A new natural gas pipeline in northern Mexico should provide needed takeaway capacity for Permian producers.
12:17 PM EST | July 20, 2018
TransCanada Celebrates Mexico Pipeline Start-up
The approximately $1.2B pipeline extends from El Encino, Chihuahua, to Topolobampo, Sinaloa.
12:01 PM EST | July 18, 2018
Mexico President-Elect Says Fuel Prices To Start Falling In 3 Years
Mexico's president-elect, leftist Andres Manuel Lopez Obrador, says that fuel prices would begin to come down in three years.
4:26 PM EST | July 09, 2018
Mexichem Agrees to Buy Pemex's Petroquimica Mexicana de Vinilo Stake
Mexichem said it would pay roughly $178.7 million for Pemex's 44.09 percent stake in the company.
2:13 PM EST | July 06, 2018
Curacao Sees 'Potential Crisis' from Venezuela-Conoco Row
Curacao, a small island off the coast of Venezuela, is prepared to purchase refined products on the global market.
11:46 AM EST | May 09, 2018
Petrobras Is Said to Receive Three Bids for Natural Gas Unit
etrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system, said people knowledgeable on the matter.
4:41 PM EST | April 20, 2018
Petrobras Refining Partnership Deals Likely Only in 2019 - CEO
Petrobras has also unveiled a model for future partnerships in refining.
6:27 PM EST | April 19, 2018
A First for Panama Canal: Three LNG Tankers Crossed in a Day
Three LNG tankers sailed through the Panama Canal on the same day this week, marking a first for the newly expanded waterway and highlighting the booming global gas trade.
5:21 PM EST | April 19, 2018
PDVSA Cancels Plans to Import US Crude Oil Amid Cash Crunch
PDVSA was planning to buy 3.5 million barrels of West Texas Intermediate and Domestic Sweet Blend for its Isla refinery in Curacao.
10:28 AM EST | April 19, 2018
Mexico's IEnova To Invest $130MM In Baja California Fuel Terminal
IEnova will invest about $130 million to develop a refined products terminal.
3:36 PM EST | April 12, 2018
Crude Processing in Mexico up 9 pct at 834,000 bpd - Pemex CEO
Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, Chief Executive Officer Carlos Trevino said.
2:23 PM EST | April 10, 2018
Mexican Candidate's Plan to Build Refineries Raises Eyebrows
Industry observers have serious doubts about the Mexican presidential front-runner's plan to build new refineries that could cost $6 to $10 billion.
3:53 PM EST | February 28, 2018
Mexico's Pemex Posts Nearly $18B 4Q Loss As Output, Refining Dip
Pemex reports a nearly $18 billion fourth-quarter loss.
3:09 PM EST | February 26, 2018
Mexico Front-Runner Sees 'No Drastic Change' in Oil Opening Plan
Key advisers for Mexico's presidential front-runner Andres Manuel Lopez Obrador are united in their message to the country's energy industry: don't worry.
5:09 PM EST | February 21, 2018
Mexico's Gas Pipeline Woes Yield Binational Challenges
Analyst tells Rigzone 10 projects experiencing 'some sort of delays.'
3:17 PM EST | February 20, 2018
Low US Natgas Stocks, Pipe Delays May Hamper Exports To Mexico
Unusually low US natural gas inventories and delays in new cross-border pipeline capacity could slow exports this year to Mexico.
5:47 PM EST | February 12, 2018
Official: Panama Canal Expects LNG Tanker Traffic To Rise 50%
The number of LNG tankers traversing the Panama Canal is expected to jump 50%.
12:05 PM EST | February 07, 2018
Pemex Refinery Chief Looks to Deal With Mitsui to Spur Recovery
Pemex is a few months away from closing an agreement for the project with a group led by Mitsui.
3:01 PM EST | February 02, 2018
Head Of Security At Mexican Refinery Shot Dead
The head of security at one of Mexico's 6 state-run oil refineries was shot dead on Thursday.
4:45 AM EST | January 26, 2018
A $400 Million Barbecue After Mexican Protesters Dig Up Pipeline
Mexico's opening of its energy industry has succeeded in attracting capital, but it's also been beset by territorial or environmental disputes.
3:22 PM EST | December 19, 2017
ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo
ExxonMobil is joining Chevron and other US refiners to supply the newly free Mexico fuel market.
4:59 PM EST | December 06, 2017
Sources: Mexico's Pemex Declares Force Majeure On Isthmus Crude Oil
Pemex declares force majeure on the loading of Isthmus crude, two sources with knowledge of the matter say.
4:14 PM EST | November 29, 2017
Mexico Outlay Jumped 21% to $1.25 Billion for Biggest Oil Hedge
Mexico spent about $1.25 billion to lock in prices of oil exports for next year, according to Finance Ministry data.
2:44 PM EST | October 31, 2017
Gadfly: Texas' Power Producers Are Caught in a Mexican Standoff
Despite decent demand, power prices in Texas have been weighed down by a confluence of things.
3:56 PM EST | October 26, 2017
Total Expands Presence in Mexico
Mexican service station group makes retail deal with Total.
4:32 PM EST | October 12, 2017