Results 50 articles shown
Pemex Building Refinery in Green Area
Public documents reveal that Dos Bocas - a favored project of Mexican President Andres Manuel Lopez Obrador for his home state of Tabasco - is being built in a zone the state oil firm had promised to protect.
9:40 AM EST | July 28, 2021
$280MM ExxonMobil Cuba Lawsuit Can Proceed
Exxon can move forward with a U.S. lawsuit seeking $280 million from 2 Cuban companies as compensation for a refinery and other assets seized after Fidel Castro's 1959 revolution, a judge in Washington said.
5:10 AM EST | April 22, 2021
New Venezuela Gasoline Stations Actually Have Fuel to Sell
The new retail outlets lack the long lines, and practically free prices, of those run by PDVSA.
9:46 AM EST | March 11, 2021
Venezuelan Oil Exports Crater
Venezuelan oil exports plummeted last month as U.S. sanctions have left some of the South American country's cargoes stranded in Asia and competition with fellow OPEC+ members is set to heat up.
7:28 AM EST | January 04, 2021
Oil Demand Surges in Brazil
Brazil is providing one of the few bright spots for oil demand outside of Asia.
9:06 AM EST | December 09, 2020
Golar and Galileo to Boost LNG Access in Brazil
This photo shows Galileo’s Cryobox, which produces approximately 15 metric tons (10,000 gallons) of LNG per day. PHOTO SOURCE: Golar Power and Galileo Technologies
7:20 AM EST | July 10, 2020
Refiners Shun Venezuelan Crude
India's largest private refinery halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry.
10:37 AM EST | June 26, 2020
Refinery Fire Hits Mexico After Quake
A 7.4 magnitude earthquake that hit southern Mexico on Tuesday killed at least six people, left others trapped under rubble and caused a fire at the nation's biggest oil refinery.
6:58 AM EST | June 24, 2020
Bureau Veritas Unveils Deepwater Brazil Guidance
This photo shows an FPSO build in 2019 now in service in Brazilian waters. PHOTO SOURCE: Bureau Veritas
8:01 AM EST | May 15, 2020
Sumitomo Joins Yinson in Petrobras FPSO Project
The agreement grants Sumitomo a 25-percent interest in the FPSO Anna Nery project that Petrobras awarded Yinson last fall.
7:47 AM EST | April 30, 2020
BW Offshore Gets FPSO Contract Extension
With this update the contract will expire on June 11, 2020.
8:16 AM EST | April 29, 2020
Brazil FPSO Starts Production
This photo, released in September of this year, shows the newly completed P-68 FPSO at the EJA shipyard in Aracruz, Brazil. PHOTO SOURCE: Sembcorp Marine
10:39 AM EST | November 15, 2019
Origin of Oil Killing Brazil's Turtles is Mystery
More than a month since oil started washing up on some of Brazil's most touristic beaches, dotting sand with black patches, killing sea turtles and scaring off fishermen, the origin of the crude is still a mystery.
4:20 PM EST | October 10, 2019
Argentina Pursues $5B LNG Project Despite Political Havoc
Argentina's state-run oil company, YPF SA, is pushing ahead with plans to build a $5 billion natural gas export terminal despite the political and financial chaos racking the nation.
3:02 PM EST | September 04, 2019
YPF Makes Deal to Ship Argentine LNG
YPF has made a preliminary deal to charter an Excelerate Energy LNG carrier to transport Argentine LNG to the global market.
10:17 AM EST | July 26, 2019
Petrobras Ordered to Fuel Stranded Iranian Ships
A Brazilian top court justice ordered Petrobras to refuel two Iranian ships stranded off the country's coast after the state-controlled oil company refused to do so for fear of U.S. sanctions.
4:21 PM EST | July 25, 2019
Mexico Kicking Off $7.7B Refinery Project
Mexico is kicking off the construction of its $7.7 billion oil refinery amid a call by President Andres Manuel Lopez Obrador for the country to become self-sufficient in energy production.
4:44 AM EST | June 03, 2019
PDVSA's Caribbean Footprint Is Waning
Despite sitting on top of the world's largest crude reserves, the reach of Venezuela's state-owned oil company is receding.
5:55 AM EST | March 06, 2019
Maduro Gets Oil Lifeline From Russia
As PDVSA was running out of an obscure product needed to keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue.
9:31 AM EST | March 05, 2019
US Sanctions on Venezuela are Helping Colombian Oil
U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports.
2:59 PM EST | February 27, 2019
Who Will Get Citgo?
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.
6:33 AM EST | February 11, 2019
The Impact of Venezuela Sanctions on US Refiners
Venezuelan sanctions are unlikely to have a significant impact on U.S. refiners, according to the U.S. Energy Information Administration.
5:21 AM EST | February 07, 2019
Venezuela Sanctions Cause Oil Tankers to Float in Limbo
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.
5:56 PM EST | February 04, 2019
Trump Admin Bars PDVSA Deals from US Financial System
The Trump administration is ratcheting up pressure on Nicolas Maduro to step aside and allow an opposition leader to take his place.
8:51 AM EST | February 01, 2019
How Venezuela's Last Oil Buyers May React to Sanctions
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.
4:41 PM EST | January 29, 2019
Venezuela Sanctions Likely to Hit Some US Refiners
Refiners in Texas and Louisiana would be hard hit by sanctions on Venezuelan crude under consideration at the White House.
11:46 AM EST | January 24, 2019
Venezuela Oil Exports Slump to 28-Year Low
Venezuela ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades.
10:50 AM EST | January 03, 2019
Gasoline Shortages Grip Venezuela's Capital
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.
3:41 PM EST | December 20, 2018
Venezuelans Face Gasoline Shortages
Cars, motorcycles and buses wrapped around Caracas' gas stations earlier this week as oil production and refining becomes increasingly erratic.
12:28 PM EST | November 01, 2018
Engie and Caisse Said to Plan $9B Pipeline Bid
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.
7:10 AM EST | October 15, 2018
Offshore Guyana Pipe Coating Contracts Go to Shawcor
Shawcor to provide thermal insulation and anticorrosion pipe coating services.
10:46 AM EST | October 05, 2018
Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports
New rules forcing ships to use cleaner marine fuels may deal yet another blow to cash-strapped Petroleos de Venezuela.
4:36 PM EST | September 28, 2018
Documents: Venezuela Resumes Domestic Crude Exports To Cuba
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.
4:15 PM EST | September 13, 2018
Documents: Venezuela's PDVSA To Reopen Damaged Port Dock By Month's End
PDVSA expects to reopen the south dock of Venezuela's main oil port Jose by the end of September.
5:37 PM EST | September 12, 2018
Venezuelan Crude Sales To US Fell In August On Port Interruptions
Venezuela's crude sales to the United States fell in August for the second month in a row.
4:32 PM EST | September 04, 2018
Hoegh Backs Out Of Chile LNG Project But Buoyant On Market
Hoegh LNG says it had let agreements lapse in Chile that tied one of its floating LNG import vessels to a project there.
12:04 PM EST | August 23, 2018
Union: Petrobras Plans To Start Reopening Replan Refinery In 48 Hours
Petrobras may begin procedures to reopen its largest refinery.
3:02 PM EST | August 22, 2018
Ecuador Postpones Esmeraldas Refinery Maintenance Until March
The outage had originally been scheduled to start in mid-August and last 54 days.
4:07 PM EST | August 21, 2018
Brazil's Petrobras Sees No Fuel Supply Shortage After Replan Fire
A fire at the company's largest Sao Paulo refinery is not expected to compromise fuel supplies in the short run.
11:03 AM EST | August 20, 2018
ConocoPhillips Settles With Venezuela's PDVSA To Recover $2B
ConocoPhillips will recover about $2 billion under a settlement with PDVSA ending a long-running dispute.
10:18 AM EST | August 20, 2018
Curacao Mulling 15 Firms To Replace Venezuela As Refinery Operator
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.
4:53 PM EST | July 23, 2018
PDVSA's Oil Sales To US Bounced In June; Caribbean Stocks Drained
Venezuelan crude sales to the United States recovered in June from May.
3:43 PM EST | July 09, 2018
Brazil's Petrobras Lifts Restrictions on Doing Business with Odebrecht
Odebrecht has been at the center of a major global corruption investigation.
2:55 PM EST | July 06, 2018
Petrobras Suspends Asset Sales After Court Decision About Privatization
Petrobras suspends some asset sales after a Supreme Court decision ruled privatization processes must be approved by the nation's Congress.
10:09 AM EST | July 03, 2018
Document: Curacao Refinery Seeks Temporary Operator To Replace PDVSA
The government-owned Isla refinery in Curacao is seeking a company to immediately replace Venezuela's state-run PDVSA as operator.
3:52 PM EST | June 22, 2018
Curacao Refinery Runs Slow As PDVSA Port Backlog Starts To Ease
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.
11:56 AM EST | June 18, 2018
Adviser: Leftist Presidential Hopeful Would End Brazil Oil Refining Monopol
The leading leftist candidate in Brazil's presidential race, Ciro Gomes, would end the refining monopoly of Petrobras, a senior adviser says.
2:32 PM EST | June 14, 2018
Venezuela Struggles With Huge Oil Export Backlog
Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data.
4:06 PM EST | June 07, 2018
Petrobras, Engie Extend Period To Negotiate Contract Of Pipeline Network
Petrobras extends the deadline for discussion with Engie about the sale contract for a major pipeline network, sources say.
4:26 PM EST | June 01, 2018
Sources: Petrobras Pricing Pressure Spooks Potential Refinery Buyers
A surprise decision by Petrobras to cut diesel prices in response to truckers' protests is worrying some potential buyers.
5:35 PM EST | May 24, 2018