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Pemex Building Refinery in Green Area
Wednesday, July 28, 2021Public 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.
$280MM ExxonMobil Cuba Lawsuit Can Proceed
Thursday, April 22, 2021Exxon 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.
New Venezuela Gasoline Stations Actually Have Fuel to Sell
Thursday, March 11, 2021The new retail outlets lack the long lines, and practically free prices, of those run by PDVSA.
Venezuelan Oil Exports Crater
Monday, January 04, 2021Venezuelan 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.
Oil Demand Surges in Brazil
Wednesday, December 09, 2020Brazil is providing one of the few bright spots for oil demand outside of Asia.
Golar and Galileo to Boost LNG Access in Brazil
Friday, July 10, 2020This 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
Refiners Shun Venezuelan Crude
Friday, June 26, 2020India's largest private refinery halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry.
Refinery Fire Hits Mexico After Quake
Wednesday, June 24, 2020A 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.
Bureau Veritas Unveils Deepwater Brazil Guidance
Friday, May 15, 2020This photo shows an FPSO build in 2019 now in service in Brazilian waters. PHOTO SOURCE: Bureau Veritas
Sumitomo Joins Yinson in Petrobras FPSO Project
Thursday, April 30, 2020The agreement grants Sumitomo a 25-percent interest in the FPSO Anna Nery project that Petrobras awarded Yinson last fall.
BW Offshore Gets FPSO Contract Extension
Wednesday, April 29, 2020With this update the contract will expire on June 11, 2020.
Brazil FPSO Starts Production
Friday, November 15, 2019This 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
Origin of Oil Killing Brazil's Turtles is Mystery
Thursday, October 10, 2019More 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.
Argentina Pursues $5B LNG Project Despite Political Havoc
Wednesday, September 04, 2019Argentina'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.
YPF Makes Deal to Ship Argentine LNG
Friday, July 26, 2019YPF has made a preliminary deal to charter an Excelerate Energy LNG carrier to transport Argentine LNG to the global market.
Petrobras Ordered to Fuel Stranded Iranian Ships
Thursday, July 25, 2019A 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.
Mexico Kicking Off $7.7B Refinery Project
Monday, June 03, 2019Mexico 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.
PDVSA's Caribbean Footprint Is Waning
Wednesday, March 06, 2019Despite sitting on top of the world's largest crude reserves, the reach of Venezuela's state-owned oil company is receding.
Maduro Gets Oil Lifeline From Russia
Tuesday, March 05, 2019As 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.
US Sanctions on Venezuela are Helping Colombian Oil
Wednesday, February 27, 2019U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports.
Who Will Get Citgo?
Monday, February 11, 2019A 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, 2019Venezuelan 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, 2019US 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, 2019The 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, 2019After 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, 2019Refiners 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, 2019Venezuela 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, 2018Venezuela'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, 2018Cars, 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, 2018Engie 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, 2018Shawcor to provide thermal insulation and anticorrosion pipe coating services.
Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports
Friday, September 28, 2018New 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, 2018Venezuela 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, 2018PDVSA 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, 2018Venezuela'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, 2018Hoegh 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, 2018Petrobras may begin procedures to reopen its largest refinery.
Ecuador Postpones Esmeraldas Refinery Maintenance Until March
Tuesday, August 21, 2018The 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, 2018ConocoPhillips 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, 2018A 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, 2018Curacao'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, 2018Venezuelan crude sales to the United States recovered in June from May.
Brazil's Petrobras Lifts Restrictions on Doing Business with Odebrecht
Friday, July 06, 2018Odebrecht has been at the center of a major global corruption investigation.
Petrobras Suspends Asset Sales After Court Decision About Privatization
Tuesday, July 03, 2018Petrobras 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, 2018The 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, 2018The 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, 2018The 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, 2018Venezuela 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, 2018Petrobras 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, 2018A surprise decision by Petrobras to cut diesel prices in response to truckers' protests is worrying some potential buyers.