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Venezuelan Drivers Line Up for Gasoline as Fuel Shortage Worsens
(Thursday, March 23, 2017) As PDVSA's crumbling refineries fail to meet domestic demand, imports have become a financial burden because the country buys fuel abroad at market prices only to sell it for pennies per gallon at home.
Shell Gets Access to Key Oil Hub in Panama -Sources
(Wednesday, March 22, 2017) Royal Dutch Shell agreed to lease capacity at a large oil terminal in Panama that has been used by U.S. refiner Tesoro Corp, sources involved in the deal told Reuters, gaining much-needed storage for its crude operations.
Petrobras Raises Asset Sale Goal to $21 Bln for 2017-2018 Period
(Wednesday, March 22, 2017) Petrobras downstream director Jorge Celestino said the company remains very interested in finding partners for its refining business.
PDVSA Said to Replace Refining Managers as Shakeup Deepens
(Tuesday, March 21, 2017) Officials at the company's press office and energy ministry declined to comment.
Venezuela Indicts Two PDVSA Subcontractors in Jose Port Graft Case
(Tuesday, March 21, 2017) Venezuela has charged the presidents of two subcontractors with corruption for overbilling in equipment sales at the OPEC country's main oil-exporting port, the public prosecutor's office said on Monday.
Petrobras Resorts to Top Court to Free Divestment Plan
(Friday, March 17, 2017) A regional oil workers' union said on Thursday that an injunction freezing sales of assets by Brazilian state-run oil company Petrobras, including its fuels distribution unit, will continue to block divestiture.
Odebrecht Mess Leaves Devastation Trail From Andes to Caribbean
(Monday, March 13, 2017) A $7.3-billion pipeline project in Peru is only one among numerous victims of the region-wide scandal emanating from Latin America's biggest builder.
Oil-for-loan Debts Cost Venezuela's PDVSA Hard-won India Market Share
(Wednesday, March 08, 2017) Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!"
Bolivia Seeks New Natgas Buyers as Petrobras Signals Cutbacks
(Wednesday, March 08, 2017) In the long run, LNG facilities to export Bolivian gas look like the only solution to its dependence on a few regional customers, said the general manager of Bolivia's state-owned YPFB Chaco.
Ecopetrol Expects Regular Deliveries of Vasconia Crude in April
(Tuesday, March 07, 2017) Colombia's state-run Ecopetrol expects to resume normal exports of Vasconia Norte crude in April, after completing repairs to a pipeline that has been attacked by rebels more than a dozen times this year, said the firm's president on Tuesday.
Guyana Says Future Oil Output Could Be Refined in Trinidad, Suriname
(Friday, March 03, 2017) The South American nation of Guyana could send future oil production to Trinidad and Tobago or Suriname for refining, a government official said on Thursday.
Total, Petrobras Seal Strategic Alliance with 'Definitive Contracts'
(Wednesday, March 01, 2017) Total and Petrobras sign 'definitive contracts', sealing a strategic alliance between the 2 companies and creating new partnerships in the upstream and downstream sectors.
Colombia Rebel Group Wages Oil Pipeline War as Another Disarms
(Wednesday, March 01, 2017) Colombia's smaller rebel group has unleashed a wave of attacks on the country's No. 2 oil pipeline, a show of strength amid peace talks that's creating a headache for companies including Ecopetrol SA and Occidental Petroleum Corp.
Brazil to Lower Oil Industry Local Purchasing Rules by Half -Minister
(Thursday, February 23, 2017) Brazil's government said on Wednesday it would relax local purchasing rules for the oil industry as of September in an effort to attract foreign investment and lower costs that have hindered development of vast off-shore reserves.
Ecopetrol Extends Force Majeure on Vasconia Crude to March Exports -Trade
(Thursday, February 23, 2017) Colombia's second largest oil pipeline, the Cano Limon-Covenas, has been attacked by rebels more than a dozen times this year compared with 43 attacks for all of 2016 according to official figures, impacting exports of Vasconia.
Brazil's Braskem Cuts Capex After Fine Hits Earnings
(Wednesday, February 22, 2017) Brazil's Braskem SA is trimming investments this year as it winds down spending on a new plant in Mexico and cuts back strategic new projects after a bribery settlement hammered earnings last year, according to a Wednesday securities filing.
Bombing Halts Pumping on Colombia's Cano-Limon Oil Pipeline
(Friday, February 17, 2017) Pumping operations along Colombia's second most important oil pipeline, the Cano-Limon Covenas, was halted due to a bomb attack by rebels from the Marxist ELN group, a high-ranking military official said on Friday.
Chile Regulator Eyes Refinery Sanction Over Environmental Failures
(Tuesday, February 14, 2017) Chile's environmental regulator, the SMA, said on Tuesday that it was considering sanctions of state-run energy producer ENAP after finding infractions relating to emissions and noise at its Aconcagua oil refinery.
Argentina Awards Most Of LNG Tender To Trafigura
(Monday, February 13, 2017) Enarsa awards most of its liquefied natural gas (LNG) purchase tender for a portion of its 2017 needs to trading house Trafigura, trade sources say.