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Who Will Get Citgo?
Monday, February 11, 2019 A dispute over a $626,860 deposit at Wells Fargo & Co. during the Chinese Revolution offers a glimpse into who may eventually control Citgo Petroleum in the current Venezuelan power struggle.
The Impact of Venezuela Sanctions on US Refiners
Thursday, February 07, 2019 Venezuelan sanctions are unlikely to have a significant impact on U.S. refiners, according to the U.S. Energy Information Administration.
Venezuela Sanctions Cause Oil Tankers to Float in Limbo
Monday, February 04, 2019 US oil refiners won't be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation.
Trump Admin Bars PDVSA Deals from US Financial System
Friday, February 01, 2019 The Trump administration is ratcheting up pressure on Nicolas Maduro to step aside and allow an opposition leader to take his place.
How Venezuela's Last Oil Buyers May React to Sanctions
Tuesday, January 29, 2019 After the US slapped sanctions on PDVSA, the market has focused on how the remaining buyers of the South American country's heavy, low-quality crude will react.
Venezuela Sanctions Likely to Hit Some US Refiners
Thursday, January 24, 2019 Refiners in Texas and Louisiana would be hard hit by sanctions on Venezuelan crude under consideration at the White House.
Venezuela Oil Exports Slump to 28-Year Low
Thursday, January 03, 2019 Venezuela ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades.
Gasoline Shortages Grip Venezuela's Capital
Thursday, December 20, 2018 Venezuela's capital was roiled by nagging gasoline shortages, snarling traffic and infuriating residents in the stricken country with another woe just before the holiday season.
Venezuelans Face Gasoline Shortages
Thursday, November 01, 2018 Cars, motorcycles and buses wrapped around Caracas' gas stations earlier this week as oil production and refining becomes increasingly erratic.
Engie and Caisse Said to Plan $9B Pipeline Bid
Monday, October 15, 2018 Engie SA and a Canadian pension fund plan to offer as much as $9 billion for Petrobras' natural gas pipeline network, according to people with knowledge of the matter.
Offshore Guyana Pipe Coating Contracts Go to Shawcor
Friday, October 05, 2018 Shawcor to provide thermal insulation and anticorrosion pipe coating services.
Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports
Friday, September 28, 2018 New rules forcing ships to use cleaner marine fuels may deal yet another blow to cash-strapped Petroleos de Venezuela.
Documents: Venezuela Resumes Domestic Crude Exports To Cuba
Thursday, September 13, 2018 Venezuela resumed supplying a key domestic crude to political ally Cuba this summer as the South American country's refining output fell further, according to internal documents.
Documents: Venezuela's PDVSA To Reopen Damaged Port Dock By Month's End
Wednesday, September 12, 2018 PDVSA expects to reopen the south dock of Venezuela's main oil port Jose by the end of September.
Venezuelan Crude Sales To US Fell In August On Port Interruptions
Tuesday, September 04, 2018 Venezuela's crude sales to the United States fell in August for the second month in a row.
Hoegh Backs Out Of Chile LNG Project But Buoyant On Market
Thursday, August 23, 2018 Hoegh LNG says it had let agreements lapse in Chile that tied one of its floating LNG import vessels to a project there.
Union: Petrobras Plans To Start Reopening Replan Refinery In 48 Hours
Wednesday, August 22, 2018 Petrobras may begin procedures to reopen its largest refinery.
Ecuador Postpones Esmeraldas Refinery Maintenance Until March
Tuesday, August 21, 2018 The outage had originally been scheduled to start in mid-August and last 54 days.
ConocoPhillips Settles With Venezuela's PDVSA To Recover $2B
Monday, August 20, 2018 ConocoPhillips will recover about $2 billion under a settlement with PDVSA ending a long-running dispute.
Brazil's Petrobras Sees No Fuel Supply Shortage After Replan Fire
Monday, August 20, 2018 A fire at the company's largest Sao Paulo refinery is not expected to compromise fuel supplies in the short run.
Curacao Mulling 15 Firms To Replace Venezuela As Refinery Operator
Monday, July 23, 2018 Curacao's Isla refinery is considering offers from 15 companies interested in temporarily operating the 335,000-barrel-per-day facility to replace the current operator.
PDVSA's Oil Sales To US Bounced In June; Caribbean Stocks Drained
Monday, July 09, 2018 Venezuelan crude sales to the United States recovered in June from May.
Brazil's Petrobras Lifts Restrictions on Doing Business with Odebrecht
Friday, July 06, 2018 Odebrecht has been at the center of a major global corruption investigation.
Petrobras Suspends Asset Sales After Court Decision About Privatization
Tuesday, July 03, 2018 Petrobras suspends some asset sales after a Supreme Court decision ruled privatization processes must be approved by the nation's Congress.
Document: Curacao Refinery Seeks Temporary Operator To Replace PDVSA
Friday, June 22, 2018 The government-owned Isla refinery in Curacao is seeking a company to immediately replace Venezuela's state-run PDVSA as operator.
Curacao Refinery Runs Slow As PDVSA Port Backlog Starts To Ease
Monday, June 18, 2018 The 335,000-barrel-per-day Isla refinery operated by PDVSA is working at minimum capacity while waiting for new shipments of Venezuelan crude, sources say.
Adviser: Leftist Presidential Hopeful Would End Brazil Oil Refining Monopol
Wednesday, June 13, 2018 The leading leftist candidate in Brazil's presidential race, Ciro Gomes, would end the refining monopoly of Petrobras, a senior adviser says.
Venezuela Struggles With Huge Oil Export Backlog
Thursday, June 07, 2018 Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data.
Petrobras, Engie Extend Period To Negotiate Contract Of Pipeline Network
Friday, June 01, 2018 Petrobras extends the deadline for discussion with Engie about the sale contract for a major pipeline network, sources say.
Sources: Petrobras Pricing Pressure Spooks Potential Refinery Buyers
Thursday, May 24, 2018 A surprise decision by Petrobras to cut diesel prices in response to truckers' protests is worrying some potential buyers.
Sources: Conoco Aiming To Seize Oil Cargoes Near Citgo's Aruba Terminal
Tuesday, May 15, 2018 ConocoPhillips has brought court actions to seize at least two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum, sources say.
Conoco Has Seized Venezuela PDVSA Products From Isla Refinery -Curacao
Monday, May 14, 2018 U.S. oil major ConocoPhillips seizes products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official tells Reuters on Sunday.
Valero Expands Into South America With Peru Biofuels Deal
Monday, May 14, 2018 Valero Energy agrees to purchase Pure Biofuels Del Peru from private equity firm Pegasus Capital Advisors, the companies say.
CEO: Brazil's Braskem To Talk New Naphtha Contract With Petrobras
Thursday, May 10, 2018 Braskem will soon start to negotiate a long-term contract to buy naphtha from its shareholder Petrobras.
Complaint: Venezuela's PDVSA Sued For $25MM In US Over Non-Payment
Wednesday, May 09, 2018 PDVSA is being sued in the US over non-payment of notes issued for work performed by Canadian energy contractor SNC-Lavalin.
Sources: Conoco Expected To Soon Temporarily Seize PDVSA Curacao Assets
Monday, May 07, 2018 ConocoPhillips is expected to renew an effort to temporarily seize PDVSA oil inventories at the 335,000-barrel-per-day Isla refinery, sources say.
Brazil's Petrobras Starts Binding Phase Of Pasadena Refinery Sale
Friday, May 04, 2018 Petrobras is starting the binding phase of the sale of its Pasadena, Texas-based refinery.
Peru Prime Minister Revives Proposal For Petrochemical Plant
Wednesday, May 02, 2018 Peru's prime minister revives the idea of building a petrochemical plant in southern Peru that would be fed by a natural gas pipeline.
Brazil's Raizen Buys Shell Downstream Assets in Argentina for $950 mln
Tuesday, April 24, 2018 Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million.
Colombia's Transandino Pipeline Halted After Bomb Attack
Monday, April 23, 2018 Colombia's southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on Sunday.
PDVSA Refineries In Venezuela, Caribbean Ran At 31% Capacity In 1Q
Monday, April 16, 2018 Venezuela's oil refineries worked at 31% in the first quarter, according to an internal document from state-run firm PDVSA viewed by Reuters.
Argentina's TGS To Build Vaca Muerta Gas Pipeline, Conditioning Plant
Tuesday, April 03, 2018 TGS will invest an initial $250 million on gas transportation infrastructure in 2018 and 2019.
Brazil's Braskem Swings To Smaller-Than-Expected Profit In 4Q
Friday, March 30, 2018 Braskem books a fourth-quarter net profit of 313 million reais ($94 million).
Sources: Canada's Brookfield To Sell Bonds In Brazil To Help Fund Pipeline
Wednesday, March 21, 2018 Canada's Brookfield Asset Management Inc is preparing a $1.6 billion local bond sale in Brazil.
Venezuela's Crude Sales To US Falls To 15-Year Low In February
Thursday, March 15, 2018 Venezuela's crude exports to the United States declined in February to a 15-year low.
Repsol To Open 200 Fuel Stations In 2018 In Mexico
Tuesday, March 13, 2018 Spanish oil firm Repsol will open 200 gasoline stations in Mexico in 2018.
Petrobras To Invest 137 Million Reais Iin Sao Paulo Refinery
Thursday, March 08, 2018 Petrobras says it will invest 137 million reais this year in the Presidente Bernardes refinery.
Petrobras Chief Says US Refinery Sale Ongoing, No Plans To Build Elsewhere
Monday, March 05, 2018 Petrobras is continuing with its efforts to sell a Pasadena, Texas oil refinery and has no plans to build another plant.
Officials: Peru To Enable Military To Protect Oil Pipeline From Vandals
Thursday, March 01, 2018 Peru plans to declare the country's sole oil pipeline a 'strategic asset' so the military can protect it from a string of vandalism attacks.
Peru Resumes LNG Exports With Shipment To South Korea
Tuesday, February 27, 2018 Peru has exported its first shipment of LNG in three weeks after a pipeline rupture.