Energy & Oil

• Thursday, April 18th 2019 - 08:33 UTC

  Spain's Repsol suspends swaps of refined products for crude from Venezuela

  

  Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.

• Wednesday, April 17th 2019 - 09:56 UTC

  Qatar Petroleum wins five offshore blocks in Argentina's South Atlantic basins

  

  Qatar Petroleum (QP) has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. The winning bids were announced on Tuesday by Argentina’s Secretariat of Government of Energy (“SGE”) at the end of a public tender process that started in November 2018.

• Tuesday, April 16th 2019 - 08:31 UTC

  Brazil's Real and Petrobras shares recover on Monday trading

  

  Brazil's Real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped.

• Monday, April 15th 2019 - 09:34 UTC

  Brazil fuel-price controversy: Minister Guedes confident he can convince Bolsonaro and overcome the situation

  

  Brazilian Economy Minister Paulo Guedes said he’ll clear up any confusion from President Jair Bolsonaro’s decision to halt a planned fuel-price hike by Petrobras.

• Friday, April 12th 2019 - 09:48 UTC

  Venezuela ships a million barrels of oil to Cuba despite US sanctions

  

  Venezuela's state-run PDVSA has shipped one million barrels of oil to Cuba days after the United States imposed fresh sanctions on vessels and firms involved in exports to the island in an effort to halt oil trade between the political allies, according to a PDVSA document and tanker tracking data.

• Thursday, April 11th 2019 - 09:07 UTC

  Brazilian prosecutors planning to file criminal charges to mining giant Vale SA

  

  Brazilian prosecutors plan to file criminal charges against Vale SA and employees of the mining giant over the deadly collapse of a mine-waste dam in January, the lead investigator told The Wall Street Journal.

• Thursday, April 11th 2019 - 06:54 UTC

  Petrobras to receive US$ 9.058bn following agreement with the government

  

  The Brazilian government reached a landmark deal to pay state-controlled oil company Petrobras SA US$9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said.

• Wednesday, April 10th 2019 - 09:27 UTC

  Saudi's oil company Aramco plans to borrow US$ 12bn in its debut bond sale

  

  Saudi Aramco is planning to borrow US$12 billion in its debut bond sale as the oil giant pulls off one of the most oversubscribed debt deals of all time. Investor orders for the dollar bonds reached an excess of US$100 billion at the peak on Tuesday, according to market experts

• Tuesday, April 9th 2019 - 07:29 UTC

  Venezuela pledges to fulfill its commitments to Cuba despite US sanctions

  

  Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from Maracaibo to its ideological ally, Foreign Minister Jorge Arreaza said on Monday.

• Saturday, April 6th 2019 - 10:00 UTC

  Blackouts hit Venezuela oil output, and clog Orinoco basin tar-oil pipelines

  

  Rolling blackouts across much of Venezuela that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online. Oil output averaged less than 600,000 bpd during the blackouts, the people said, who asked not to be identified because the information isn’t public.