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# EnergiesNet

Latam Energies News

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- [Monaldi and Satterfield: Inside Guyana’s Energy Strategy with President Mohamed Irfaan Ali](https://energiesnet.com/podcast-monaldi-and-satterfield-inside-guyanas-energy-strategy-with-president-mohamed-irfaan-ali/) - During a visit to Rice University’s Baker Institute for Public Policy on May 4, 2026, His Excellency Mohamed Irfaan Ali shared his perspective on the country’s rise as a global energy player. Since oil production began in 2019, Guyana has rapidly emerged as a major force in global energy markets — making its policy choices increasingly relevant far beyond its borders.
- [Condolence Message to the People of Venezuela](https://energiesnet.com/condolence-message-to-the-people-of-venezuela/) - EnergiesNet expresses its deepest solidarity with all Venezuelans affected by the recent earthquake. Our thoughts are with the families who have suffered loss, with the communities facing destruction, and with the injured, the displaced, and everyone enduring uncertainty in the aftermath of this tragedy. In moments like these, unity and concrete support are essential. We
- [Venezuela’s Oil Recovery Still Lacks Investor Guarantees — and Investment Is Not Coming](https://energiesnet.com/venezuelas-oil-recovery-still-lacks-investor-guarantees-and-investment-is-not-coming/) - Venezuela’s investment cycle remains stalled due to weak institutions, lack of legal certainty, and the absence of guarantees for new investors in the oil sector. (Image made by Claude)
- [Without Institutional Change, Venezuela’s Oil Bonanza Remains Unviable](https://energiesnet.com/without-institutional-change-venezuelas-oil-bonanza-remains-unviable/) - Sanctions relief, a democratic transition, and deep reforms are essential to recover production. By Francisco Monaldi When President Trump announced the capture of Venezuela’s autocrat, Nicolás Maduro, and suggested that American oil giants would swoop in to fix the country’s battered oil infrastructure, it sounded like a straightforward business proposition. After all, Venezuela boasts some of the
- [Venezuela’s Proposed Oil Law is illegitimate and open to challenge](https://energiesnet.com/venezuelas-proposed-oil-law-is-illegitimate-and-open-to-challenge/) - Venezuelan Vice President Delcy Rodríguez presents the 2026 Budget Bill and the Special Annual Debt Law to the National Assembly, framing the measures as part of the country’s energy sovereignty strategy. (Embavenez SVG)
- [Global Energy Leaders Revisit Venezuela at Davos](https://energiesnet.com/global-energy-leaders-revisit-venezuela-at-davos/) - Davos 2026: Renewed Attention on Venezuela’s Energy Sector U.S. President Donald Trump speaks during the World Economic Forum (WEF) annual meeting in Davos on January 21, 2026. (Fabrice Coffrini/AFP) By Elio Ohep, EnergiesNet PHOENIX Energiesnet.com 01 24/2026 The global energy agenda at this year’s World Economic Forum placed renewed attention on Venezuela, a country long
- [Trump Sets U.S. Course for Venezuela After Maduro’s Capture](https://energiesnet.com/trump-sets-u-s-course-for-venezuela-after-maduros-capture/) - Venezuela’s oil operations, investment climate, and export flows under renewed U.S. influence. Maduro’s capture opens a new phase in U.S. regional strategy, with Venezuela’s oil industry at the core of the transition. Elio Ohep – EnergiesNet PHOENIXEnergiesNet.com, January 16, 2026 The capture of Nicolás Maduro by U.S. forces marked the most forceful American intervention in
- [2025 Latin Oil & Gas: Uneven Progress](https://energiesnet.com/2025-oil-gas-in-latin-america-mixed-results-revised-plans/) - Hydrocarbons hold firm as Latin America navigates energy shifts and political headwinds Shade in red: Countries with active oil and gas sectors in 2025. Source: www.mapchart.net As 2025 ends, Latin America’s oil and gas sector reflects a region developing on uneven terrain. Global oil output topped 100 million barrels per day this year, with Latin
- [Fracking in Lake Maracaibo: Ecological Gamble Beneath a Seismic Faultline](https://energiesnet.com/fracking-in-lake-maracaibo-ecological-gamble-beneath-a-seismic-faultline/) - Foreign rigs, corroded pipelines, and a lake on the edge of collapse. Elio Ohep – EnergiesNet PHOENIX, AZEnergiesNet.com, September 28, 2025 Two powerful earthquakes jolted Venezuela’s northwest on September 24 and 25, shaking cities from Zulia to Caracas and reigniting scrutiny over the country’s intensifying oil revival. The tremors—magnitudes 6.2 and 6.3—struck near Mene Grande
- [Drilling into Danger: China’s Oil Push and Venezuela’s Seismic Risk (video)](https://energiesnet.com/drilling-into-danger-chinas-oil-push-and-venezuelas-seismic-risk-video/) - Seismic Shifts: China’s Oil Expansion in Venezuela and the Strange Coincidence of September’s Earthquakes Elio Ohep, EnergiesNet PHOENIX, AZ EnergiesNet.com 09 27, 2025 On September 24 and 25, 2025, Venezuela’s northwestern regions were jolted by a series of powerful seismic events, including two major earthquakes that have ignited speculation amid the country’s intensifying oil revival
- [Irfaan Ali’s Reelection Reinforces Guyana’s Energy Stability](https://energiesnet.com/irfaan-alis-reelection-reinforces-guyanas-energy-stability/) - Ali’s reelection and Chevron’s expansion mark a turning point in Guyana’s energy diplomacy and Venezuela’s offshore ambitions. Elio Ohep, EnergiesNet PHOENIX, AZ EnergiesNet.com 09 27 2025 The reelection of President Irfaan Ali in September 2025 has solidified Guyana’s position as one of the most politically stable environments for energy investment in Latin America. With the
- [Chevron’s Guyana Entry Reshapes Regional Energy Dynamics amid Venezuela Tensions](https://energiesnet.com/chevrons-guyana-entry-reshapes-regional-energy-dynamics-amid-venezuela-tensions/) - Wirth’s Chevron: Recasting the Rules of Offshore Power and Sanctioned Leverage. Elio Ohep | EnergiesNet Analysis PHOENIX, AZ EnergiesNet.cim July 30, 2025 Chevron’s $53 billion acquisition of Hess Corporation has formalized its entry into Guyana’s Stabroek Block, acquiring a 30% stake in one of the world’s fastest-growing offshore oil projects. The deal was cleared in
- [Chevron's Return Reflects Washington’s Venezuela Dilemma](https://energiesnet.com/chevrons-return-reflects-washingtons-venezuela-dilemma/) - Energy Over Ideals? Chevron’s quiet return to Venezuela’s oil fields underscores a broader recalibration in U.S. foreign policy—where energy imperatives eclipse ideological commitments. EnergiesNet PHOENIX, AZ EnergiesNet.com July 25, 2025 Chevron's Return to Venezuela: Strategic Shifts and Shadows of Realpolitik. In a marked reversal of prior policy, the Trump administration has authorized Chevron to resume
- [Oil Braces for Surge After U.S. Hits Iran](https://energiesnet.com/oil-braces-for-surge-after-u-s-hits-iran/) - Trump’s Airstrikes on Iran Leave Oil Market Braced for Surge By Alex Longley and Yongchang Chin LONDON/SINGAPORE EnergiesNet.com 06 22 2025 Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to US airstrikes will lead to a disruption in crude flows that have been largely unaffected so far. After
- [U.S. Bomb Key Iran Nuclear Sites (Trump video)](https://energiesnet.com/u-s-bomb-key-iran-nuclear-sites-trump-video/) - Trump Confirms Precision Attacks on High-Value Facilities Amid Nuclear Standoff Maggie Haberman and Jonathan Swan, NYTimes WASHINGTON EnergiesNet.com 06 2025 President Trump announced on Saturday that the U.S. military had bombed three of Iran’s nuclear sites, including its uranium-enrichment facility deep underground at Fordo, injecting the United States directly into a war in the Middle East. The
- [Israeli Strikes Wipe Out Iran’s Top Military Chain of Command - NYTimes](https://energiesnet.com/israeli-strikes-wipe-out-irans-top-military-chain-of-command-nytimes/) - Israel launched a series of strikes against Iran on Friday morning, targeting nuclear sites, missile facilities and other military infrastructure. The strikes were also a major blow to Iran’s chain of command, killing top generals. Oil prices rise: Crude oil prices jumped sharply following the Israeli attack, with Brent crude jumping 9 percent to nearly $78 a barrel.
- [“Why Are Chevron and Repsol Leaving While Maduro Stays?”: The Effects of Trump’s Sanctions on Venezuela - Ludmila  Vinogradoff / ABC](https://energiesnet.com/why-are-chevron-and-repsol-leaving-while-maduro-stays-the-effects-of-trumps-sanctions-on-venezuela-ludmila-vinogradoff-abc/) - U.S. sanctions force Western oil giants out of Venezuela—while Maduro consolidates control with help from global allies. Ludmila Vinogradoff, ABC España CARACAS EnergiesNet.com 06 12 2025 The specter of mass layoffs is once again haunting Venezuela’s national oil industry. Following the May 28 deadline imposed by U.S. sanctions, multinational firms like Chevron, Repsol, ENI, and
- [Francisco Monaldi at at the FIU ](https://energiesnet.com/francisco-monaldi-at-at-the-fiu/) - Halting Oil Operations, Implications for Venezuela and the United States EnergiesNet.com PHOENIX, AZ EnergiesNet.com 07 09 2025 Francisco J. MonaldiFrancisco J. Monaldi • 1st1stDirector, Latin America Energy Program, Baker Institute, Rice UniversityDirector, Latin America Energy Program, Baker Institute, Rice University Check out the recording of our event at the FIU Jack D Gordon Institute for
- [Colombia’s Gas Reserves Hit Record Low, Imports Set to Surge](https://energiesnet.com/colombias-gas-reserves-hit-record-low-imports-set-to-surge/) - Colombia’s Shrinking Gas Reserves Intensify Push Toward Imports Andrea Jaramillo, Bloombnerg News BOGOTA EnergiesNet.com 05 27 2025 Colombia’s natural gas reserves fell to the lowest since at least 2007, putting pressure on the Andean nation to add new findings and increase imports to address a growing shortage. Natural gas reserves dropped for a third consecutive
- [U.S. Court Rejects Debt Lawsuit Against PDVSA and Its U.S. Subsidiary](https://energiesnet.com/u-s-court-rejects-debt-lawsuit-against-pdvsa-and-its-u-s-subsidiary/) - U.S. Court Rejects Lawsuit Against PDVSA for Alleged Debts of More Than $1.5 Billion EnergiesNet HOUSTONEnergiesNewt.com 22 05 2025 The recent decision by Judge Jed S. Rakoff in the Southern District of New York represents a crucial milestone for PDVSA and its subsidiary PDVH in the U.S. The lawsuit, filed by Girard Street Holdings and
- [Venezuela, Chevron, and Washington’s Political Game](https://energiesnet.com/venezuela-chevron-and-washingtons-political-game/) - Trump Team’s ‘Game of Thrones’ on Venezuela Whiplashes Chevron Bloomberg News WASHINGTON/HOUSTON EnergiesNety.com 05 23 2025 It took barely 24 hours this week for the Trump administration to execute its latest reversal on Venezuela, with the fate of a huge Chevron Corp. venture hanging in the balance as closed-door White House differences broke into the
- [2024 Wildfires Devastate Tropical Amazon Forests, Exposing the Realities of Climate Change.](https://energiesnet.com/2024-wildfires-devastate-tropical-amazon-forests-exposing-the-realities-of-climate-change/) - Amazon fires drive unprecedented global forest loss in 2024, report says Manuela Andreoni and Alexander Villegas, Reuters SAO PAULO EnergiesNet.com 05 22 2025 Massive fires fueled by climate change led global forest loss to smash records in 2024, according to a report issued on Wednesday. Loss of tropical pristine forests alone reached 6.7 million hectares
- [New Financing Moves Ignite Bidding War for Citgo](https://energiesnet.com/new-financing-moves-ignite-bidding-war-for-citgo/) - List of bidders in Citgo auction narrows, remaining groups to sweeten terms Marianna Parraga, Reuters HOUSTON EnergiesNet.com 22 05 2025 Groups led by affiliates of Contrarian Funds, Gold Reserve (GRZ.V), and Vitol (VITOLV.UL) are working on improved offers for the parent of Venezuela-owned refiner Citgo Petroleum as the list of potential bidders narrows, sources close to
- [New Fortress Energy Disqualified in Puerto Rico Auction Amid Financial Turmoil](https://energiesnet.com/new-fortress-energy-disqualified-in-puerto-rico-auction-amid-financial-turmoil/) - New Fortress Energy Faces Disqualification, Debt Crisis, and Energy Future Uncertain in Puerto Rico. EnergiesNet HOUSTON EnergieSNet.com 05 21 2025 New Fortress Energy has been disqualified from Puerto Rico’s temporary power generation auction, where it sought an 800 MW contract to help stabilize the island’s grid. The company called for a reconsideration, arguing that it
- [U.S. Citizen Freed from Venezuelan Detention Amid Chevron License Talks](https://energiesnet.com/u-s-citizen-freed-from-venezuelan-detention-amid-chevron-license-talks/) - Grenell negotiates St. Clair's release in Antigua. Chevron's license extension offer linked to negotiations Reporting by Vivian Sequera and Marianna Parraga, Reuters CARACAS/HOUSTON EnergiesNewt.com 05 21 2025 A U.S. citizen who had been detained for months in Venezuela is back in the United States, U.S. President Donald Trump envoy Richard Grenell said on Tuesday, after
- [Trump Administration Unblocks Equinor's Empire Wind Amid Energy Deal](https://energiesnet.com/trump-administration-unblocks-equinors-empire-wind-amid-energy-deal/) - US lifts ban on New York offshore wind project after gas compromise Nichola Groom and Nora Buli, Reuters LOS ANGELES/OSLO EnergiesNet.com 05 20 2025 The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state that
- [Petrobras Advances in Amazon Drilling Amid Licensing Uncertainty](https://energiesnet.com/petrobras-advances-in-amazon-drilling-amid-licensing-uncertainty/) - Petrobras gets a win in Amazon drilling push but future licensing in doubt Fabio Teixeira, Reuters RIO EnergiesNet.com 05 20 2025 A decision by Brazilian environmental agency Ibama on Monday will let state-run oil firm Petrobras (PETR4.SA) move a step closer to drilling for oil in a coveted offshore region, but it came with an important caveat
- [Guyana Cracks Down on Oil Spill Liability](https://energiesnet.com/guyana-cracks-down-on-oil-spill-liability/) - Guyana lawmakers pass bill making companies liable for oil spill damages Reporting by Kemol King, Reuters GEORGETOWN EnergiesNet.com 05 19 2025 Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels. The bill, which passed with a majority of votes cast in
- [Guerrillas Tighten Grip on Colombia’s Oil and Agriculture Hub](https://energiesnet.com/guerrillas-tighten-grip-on-colombias-oil-and-agriculture-hub/) - Extortion gangs overrun Colombia’s biggest oil-producing region Matthew Bristow, Bloomberg News BOGOTA EnergiesNet.com 05 19 2025 Jaime Cruz hadn’t heard from Colombia’s extortion gangs for more than a decade until the palm-oil farmer checked his phone one day in September 2023 and got a terrible shock. “Revolutionary greetings!”, the WhatsApp message began. With these words,
- [PDVSA Takes Over Chevron’s Crude Shipments as US Sanctions Bite](https://energiesnet.com/pdvsa-takes-over-chevrons-crude-shipments-as-us-sanctions-bite/) - A 920,000-barrel cargo of Boscan crude set sail this month bound for Malaysia. Cargo cancellation has led to stock accumulation in recent weeks Reuters HOUSTON Energies Net.com 05 19 2025 Venezuela's state-owned PDVSA has begun exporting a heavy crude oil grade that had been shipped by Chevron since 2022, maritime data and documents showed, following
- [Venezuela Pressures China for Oil Lifeline Amid U.S. Sanctions](https://energiesnet.com/venezuela-pressures-china-for-oil-lifeline-amid-u-s-sanctions/) - Venezuela Races to Secure Chinese Oil Deals as U.S. Tightens Sanctions Bloomberg News HOUSTON EnmergiesNet.com 05 05 2025 Venezuelan Vice President Delcy Rodríguez asked Chinese officials to step up oil purchases during a visit to Beijing last week, as the nation seeks to preempt the US-ordered exit of Chevron Corp. and other foreign energy operators
- [Guyana Shields Its Oceans with Oil Spill Accountability Act](https://energiesnet.com/guyana-shields-its-oceans-with-oil-spill-accountability-act/) - Holding Oil Companies Accountable: Guyana's Bid to Protect Oceans and Oversight Kemol King, Reuters GEORGETOWN EnergiesNet.com 04 30 2025 Guyana's government has submitted an oil pollution bill to the Parliament proposing to make responsible parties liable for damages caused by oil spills, including from vessels, according to a copy of the act published in the
- [Kamla Persad-Bissessar's Triumphant Return to PM of Trinidad & Tobago (video)](https://energiesnet.com/kamla-persad-bissessars-triumphant-return-to-pm-of-trinidad-tobago-video/) - The former prime minister of Trinidad and Tobago sweeps the polls to take power again Natricia Duncan and Kejan Haynes, The Guardian PORT SPAIN EnergiesNet.com 04 29 2025 Voters in Trinidad and Tobago (T&T) have ousted the ruling People’s National Movement (PNM) party, electing the United National Congress’ (UNC) Kamla Persad-Bissessar as prime minister of the twin-island
- [Phantom Tankers and the Venezuelan Oil Trade](https://energiesnet.com/phantom-tankers-and-the-venezuelan-oil-trade/) - Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade Weilun Soon and Julian Lee, Bloomberg News SINGAPORE/LONDON EnergiesNet.com 04 29 2025 On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela. The vessel raised some red
- [Vitol's Last-Minute Oil Surge in Venezuela as US License Expires](https://energiesnet.com/vitols-last-minute-oil-surge-in-venezuela-as-us-license-expires/) - Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a US license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Bloomberg News HOUSTON EnergiesNet.com 04 25 2025 Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a US
- [Massive Blackout Hits Spain, Portugal, and France This Monday](https://energiesnet.com/massive-blackout-hits-spain-portugal-and-france-this-monday/) - A huge blackout hit Spain, Portugal and parts of France around midday, causing chaos across the region. EnergiesNet BOGOTA EnergiesNet.com 28 04 2025 A massive power outage swept across major parts of Europe today, affecting Spain, Portugal, and even regions of France. The blackout reportedly began around midday on Monday, plunging entire neighborhoods and critical
- [Venezuela Unveils Blend 22 to Dodge Sanctions and Boost Oil Exports](https://energiesnet.com/venezuela-unveils-blend-22-to-dodge-sanctions-and-boost-oil-exports/) - Blend 22 targets European and Asian markets for medium sour crude. First Blend 22 cargoes allocated to Maurel & Prom in swap deal Reporting by Reuters Staff CARACAS EnergiesNet.com 04 25 2025 Venezuela will begin exporting a new medium crude blend this month as part of a marketing strategy to avoid a collapse of its
- [Valero Resumes Fuel Imports Amid Mexico Smuggling Clampdown](https://energiesnet.com/valero-resumes-fuel-imports-amid-mexico-smuggling-clampdown/) - Permit renewed as fuel flows resume amid Mexico's anti-smuggling crackdown Eunice Bridges and Antonio Gozain, Argus Media HOUSTON/MEXICO CITY EnergiesNet.com 04 25 2025 Independent US refiner Valero said its permit to import fuel into Mexico has been reinstated after being suspended earlier this month. The temporary suspension was imposed by Mexico's tax authority SAT on 9
- [Chevron Tankers Pivot as PDVSA Cancels U.S. Loads](https://energiesnet.com/chevron-tankers-pivot-as-pdvsa-cancels-u-s-loads/) - Marketing of the ships indicates Chevron will not load all cargoes this month. One Venezuelan crude cargo still pending return. Arathy Somasekhar, Reuters HOUSTON EnergiesNet.com 04 25 2025 Some tankers Chevron had chartered to move crude from Venezuela to the U.S. this month are now being marketed for spot contracts elsewhere, sources said, after state
- [Francis: The Pope Who Found the Forgotten](https://energiesnet.com/francis-the-pope-who-found-the-forgotten/) - I Watched the Pope Visit the Forgotten and Convert the Skeptical Jim Yardley, The New York Times LONDON EnergiesNet.com 04 24 2025 I remember the people. Thousands of them, sometimes hundreds of thousands, pressed together in aging stadiums, lining the streets of one place or another. In the Mexican state of Chiapas, so many people
- [Pemex’s Olmeca Refinery Ships Mexico’s First ULSD Export](https://energiesnet.com/pemexs-olmeca-refinery-ships-mexicos-first-ulsd-export/) - Olmeca refinery's production of viable fuels remains marginal. Infrastructure challenges hinder Olmeca's domestic fuel distribution. Stefanie Eschenbacher and Marianna Parraga MEXICO CITY/HOUSTON EnergiesNet.com 04 24 2025 Mexico exported the first cargo of ultra-low sulfur diesel (ULSD) reprocessed in its new Olmeca refinery in early April, according to tanker tracking data and a source, as infrastructure to transport the
- [Pope Francis died on Easter Monday (video)](https://energiesnet.com/pope-francis-died-on-easter-monday-video/) - A Journey of Compassion, Service, and Global Impact EnergiesNet BOGOTA EnergiesNet.com 04 21 2025 Today, on Easter Monday, April 21, 2025, Cardinal Kevin Farrell, Camerlengo of the Holy Roman Church, announced with deep sorrow the death of Pope Francis. In his poignant video message, he declared: > "Dearest brothers and sisters, with deep sorrow I
- [US Judge to Rule on $3.7B “Stalking Horse” Bid in Citgo Parent Auction](https://energiesnet.com/us-judge-to-rule-on-3-7b-stalking-horse-bid-in-citgo-parent-auction/) - Delaware Judge Leonard Stark's ruling on the $3.7B bid establishes a critical starting point for PDV Holding's auction, amid intense creditor debates over valuation and fairness. Marianna Parraga, Reuters HOUSTON EnergiesNet.com 04 18 2025 A U.S. court is expected to confirm or reject in coming days a $3.7 billion offer by a Contrarian Funds affiliate
- [Vista Energy Gains Power in Vaca Muerta with Petronas' US$1.5 Billion Exit](https://energiesnet.com/vista-energy-gains-power-in-vaca-muerta-with-petronas-us1-5-billion-exit/) - Securing a 50% stake to drive an immediate 40,000 barrel/day surge. Malay Mail BUENOS AIRES EnergiesNet.com 04 17 2025 Buenos Aires-based Vista Energy has reportedly acquired Petronas’ 50 per cent stake in the La Amarga Chica oil field in Argentina’s Vaca Muerta shale basin for about US$1.5 billion (RM7.1 billion), solidifying its position as a
- [Puerto Rico's Massive Power Outage Strikes Again](https://energiesnet.com/puerto-ricos-massive-power-outage-strikes-again/) - Aging Infrastructure Leaves Island in the Dark Once More Reporting by Ricardo Arduengo, Reuters SAN JUAN EnergiesNet.com 04 16 2025 Puerto Rico was hit with a massive power outage on Wednesday after energy plants across the island unexpectedly shut down, power generator Genera said. Puerto Rico has long dealt with chronic power outages, including a blackout
- [Chevron's Venezuelan Crude Crisis in the Caribbean](https://energiesnet.com/chevrons-venezuelan-crude-crisis-in-the-caribbean/) - Chevron-chartered vessel to complete oil cargo return in Venezuela, data and source say Reporting by Reuters staff HOUSTON EnergiesNet.com 04 16 2025 A vessel chartered by Chevron (CVX.N) carrying some 500,000 barrels of Venezuelan oil is about to complete the discharge of the cargo at a Venezuelan port, according to shipping data and a source, following state
- [Ecuador's President Daniel Noboa Secures Victory Amid Drug Violence Crisis (video)](https://energiesnet.com/ecuadors-president-daniel-noboa-secures-victory-amid-drug-violence-crisis-video/) - In a divisive election season, Daniel Noboa pledged to bring law and order. His opponent immediately contested the results. Genevieve Glatsky, The New York Times QUITO Energiesnet.com 04 13 2025 Ecuador’s president, who unexpectedly surged in the polls to secure a shortened term in 2023, was declared the victor of the presidential election with a
- [Chevron Clashes with PDVSA Sanctions Freeze Oil Exports](https://energiesnet.com/chevron-clashes-with-pdvsa-sanctions-freeze-oil-exports/) - Chevron's Venezuelan oil cargoes canceled, stalled amid payment uncertainty Reuters HOUSTON EnergiesNet.com 04 14 2025 At least two vessels carrying Venezuelan crude chartered by Chevron (CVX.N), opens new tab are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of payment amid the hardening of
- [Brazil's Diesel Market Shifts Amid Trump Tariffs, Petrobras Cuts](https://energiesnet.com/brazils-diesel-market-shifts-amid-trump-tariffs-petrobras-cuts/) - Brazil's diesel market eyes Trump and Petrobras Marcos Mortari, Argus Media SAO PAULO EnergiesNet.com 04 10 2025 Tensions surrounding whiplash changes in trade policies favored by US president Donald Trump have created favorable conditions for foreign diesel imports into Brazil, just days after state-controlled Petrobras cut its refinery gate diesel prices. On 1 April, Petrobras
- [Trump’s Tariff Gambit—Oil Prices Plunge, Recession Looms](https://energiesnet.com/trumps-tariff-gambit-oil-prices-plunge-recession-looms/) - Oil may be a recession indicator — but Trump’s sudden tariff-hike pause makes it harder to read Myra P. Saefong, MarketWatch SAN FRANCISCO EnergiesNet.com 04 10 2025 Losses in oil had been fast and furious since President Donald Trump announced his wide-ranging plans for tariffs last week — that is, until he suddenly decided to
- [Venezuelan Oil Flows Resume Despite U.S. Tariffs](https://energiesnet.com/venezuelan-oil-flows-resume-despite-u-s-tariffs/) - Tankers return to ports to finish loading a week after pause, delays. Crude cargoes set sail, destinations include India and China. Cuba has benefited, to receive more cargoes this month Editing by Simon Webb and David Gregorio, Reuters CARACAS/HOUSTON EnergiesNet.con 04 09 2025 Many buyers of Venezuelan oil have resumed loading crude onto tankers after
- [Dragon Gas Dreams Crushed – U.S. Sanctions Leave Trinidad and Venezuela in the Cold (video)](https://energiesnet.com/dragon-gas-dreams-crushed-u-s-sanctions-leave-trinidad-and-venezuela-in-the-cold-video/) - U.S. Tightens Grip on Maduro with Dragon and Cocuina-Manakin Gas Licenses Revocation EnergiesNet PORT SPAINEnergiesNet.com 04 08 2025 The United States has revoked licenses previously granted to Trinidad and Tobago for the development of offshore natural gas fields shared with Venezuela, including the Dragon Gas Field and Manakin-Coquina Field. These licenses, issued by the Office
- [Petrobras Tupi Revival Fuels Brazil’s Energy Future](https://energiesnet.com/petrobras-tupi-revival-fuels-brazils-energy-future/) - Petrobras gears up for Tupi's next chapter: resolving tax disputes, expanding operations, and revitalizing Brazil's oil production dominance. Mariana Durao, Bloomberg News RIO EnergiesNet.com 04 08 2025 Brazil’s state-controlled oil company is nearing a deal with government regulators allowing it to move forward with plans to redevelop a massive deep-water field that could reinvigorate the
- [EnergiesNet.com](https://energiesnet.com/energiesnet-com/) - Since 1999 (As Petroleumworld.com) MEDIA KIT EnergiesNet EnergiesNet is a bilingual (English and Spanish) online platform dedicated to providing real-time news, opinion pieces, and information about the energy, oil, gas, and renewables industries, with a primary focus on Latin America. Founded in 1999 as Petroleumworld.com, the platform has evolved to become a trusted resource for
- [Trump’s Liberation Day Oil and Gas Escaped Unscathed](https://energiesnet.com/trumps-liberation-day-oil-and-gas-escaped-unscathed/) - Oil and gas got off easy on Trump's Liberation Day: Bousso Ron Bousso, Reuters LONDON EnergiesNet.com 04 03 2025 President Donald Trump's reveal of sweeping import tariffs further darkened the outlook for the global economy and left many questions unanswered. But amid all the policy fog, oil and gas traders can point to a few bright spots. At
- [BP Ignites the Future Cypre Gas Project Powers Up in Trinidad and Tobago](https://energiesnet.com/bp-ignites-the-future-cypre-gas-project-powers-up-in-trinidad-and-tobago/) - Driving Energy Innovation: BP’s Cypre Gas Project Takes Off in Trinidad and Tobago EnergiesNet CARACAS EnergiesNet.com 04 03 2025 According to BP and the international news agencies T\ covered by EnergiesNet BP Trinidad and Tobago (bpTT) has launched gas production at its Cypre project, marking a significant milestone in BP's global upstream strategy. Situated 78
- [Argentina's Vaca Muerta Gas Makes Historic Leap to Brazil](https://energiesnet.com/argentinas-vaca-muerta-gas-makes-historic-leap-to-brazil/) - Argentina starts gas exports to Brazil through Bolivia Fabio Teixeira and Eliana Raszewski , Reuters RIO DE JANEIRO/BUENOS AIRESEnergiesNet.com 04 02 2025 April 1 (Reuters) - Argentina has for the first time exported gas from its Vaca Muerta shale formation to Brazil using a set of Bolivian pipelines, in a deal between TotalEnergies (TTEF.PA), Bolivia's YPFB
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- [Guyana Orders Tax Agency to Resolve Exxon $214M Expense Dispute](https://energiesnet.com/guyana-orders-tax-agency-to-resolve-exxon-214m-expense-dispute/) - Exxon Faces $214M Dispute Resolution Ordered to Guyana's Tax Revenue Agency by Natural Resources Ministry Kemol King, Reuters GEORGETOWN EnergiesNet.com 03 10 2025 Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil (XOM.N) over the recovery of some $214 million in expenses registered by the U.S. oil major.
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- [Ecuador’s Noboa Demands $1.5 Billion Early Payment for Top Oil Asset](https://energiesnet.com/ecuadors-noboa-demands-1-5-billion-early-payment-for-top-oil-asset/) - Noboa orders consortium to pay $1.5 billion by March 11. Planned deal for Sacha oil field sparked widespread criticism Stephan Kueffner, Bloomberg News QUITO EnergiesNet.com 03 27 2025 Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March
- [Citgo's 2024 Net Income Drops to $305M Amid Market Woes](https://energiesnet.com/citgos-2024-net-income-drops-to-305m-amid-market-woes/) - Crude utilization was 93% in 2024, in line with 2023 numbers. Year-end liquidity declined to $3.8 bln from $4 bln in 2023. Trading expanded to South Africa, Japan and China Marianna Parraga, Reuters HOUSTON EnergiesNewt.com 03 07 2025 Venezuela-owned U.S. refiner Citgo Petroleum (PDVSAC.UL) reported on Thursday a $305 million net income last year, below
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- [Washington's Influence Overshadows OPEC in Oil Market](https://energiesnet.com/washingtons-influence-overshadows-opec-in-oil-market/) - Shifts in Power Dynamics Leave OPEC Struggling Amid U.S. Policy Changes Ron Bousso, Reuters LONDON EnergiesNet.com 03 05 2024 - Is OPEC's iron grip on the oil markets a thing of the past? Events over the last 24 hours suggest power in the oil market has shifted to Washington from Riyadh - in part because
- [Venezuela's Export Boom Faces Chevron Setback](https://energiesnet.com/venezuelas-export-boom-faces-chevron-setback/) - China remained Venezuelan oil's largest market with 503,000 bpd. Chevron's exports fell to 252,000 bpd from 294,000 bpd in Jan . PDVSA expected to send more oil to China through intermediaries Marianna Parraga, Reuters HOUSTON EnergiesNet.com 03 05 2024 Venezuela's exports of crude and fuel rose in February to their highest since November, vessel monitoring
- [US Treasury Reverses License, Orders Chevron to Wind Down Venezuela Ventures Amid Sanctions](https://energiesnet.com/us-treasury-reverses-license-orders-chevron-to-wind-down-venezuela-ventures-amid-sanctions/) - Chevron’s Operations in Venezuela Impacted by Renewed US Sanctions Office of Foreign Assets Control, U.S. Treasury WASHINGTONEnergiesNet.com 03 04 2025 OFFICE OF FOREIGN ASSETS CONTROLVenezuela Sanctions Regulations31 CFR part 591GENERAL LICENSE NO. 41A Authorizing the Wind Down of Certain Transactions Related to Chevron Corporation’s Joint Ventures in Venezuela (a) Except as provided in paragraph (b)
- [U.S.Tariffs on Energy Imports from Canada and Mexico take effect March 4](https://energiesnet.com/u-s-tariffs-on-energy-imports-from-canada-and-mexico-take-effect-march-4/) - New Tariffs Expected to Impact US Refining Sector and Global Oil Markets Jeff Mower, Platts S&P Global HOUSTON EnergiesNet.com 03 04 2025 The US will impose a 10% tariff on energy imports from Canada and a 25% tariff on energy imports from Mexico, both major suppliers of crude to US refiners, the White House said
- [FREE WEBINAR: Argentina’s Lithium: Future Perspectives for a Thriving Industry](https://energiesnet.com/free-webinar-argentinas-lithium-future-perspectives-for-a-thriving-industry/) - March 12th 2025, 14:30 Argentina’s time The webinar will be held in Spanish. Please, register to receive webinar materials in English. Vostok Capital LONDON EnergiesNet.com 03 03 2025 Argentina has positioned itself as one of the world's largest lithium producers, standing out not only for its vast reserves but also for significant growth in extraction
- [Ecuador Transfers Sacha Oil Field Operations to Sinopec and Petrolia Amid Controversy](https://energiesnet.com/ecuador-transfers-sacha-oil-field-operations-to-sinopec-and-petrolia-amid-controversy/) - Sinopec and Petrolia to Invest $1.7bn to Boost Production Amid Opposition Claims Alberto Araujo, Argus Media QUITO EnertgieNt.com 03 03 2025 Ecuador will transfer operation of its highest-producing oil field, the 74,600 b/d Sacha, to a consortium of China's Sinopec and Canada-based Petrolia under a production-sharing contract aimed at increasing output, the energy ministry said
- [Tensions Rise as Guyana Denounces Venezuelan Incursion in Oil-Rich Waters](https://energiesnet.com/tensions-rise-as-guyana-denounces-venezuelan-incursion-in-oil-rich-waters/) - Trump administration sees ‘provocation,’ warns of consequences. OAS condemns acts of intimidation, warns of instability AP GUYANA EnergiesNet.com 03 03 2025 Guyana’s President Irfaan Ali on Saturday denounced an incursion by an armed Venezuelan naval vessel in disputed waters that are home to a mammoth offshore oil deposit being developed by ExxonMobil. In a televised address,
- [Pemex Annual Loss Tops $30 Billion on 2024](https://energiesnet.com/pemex-annual-loss-tops-30-billion-on-2024/) - Oil production is now at ‘rock bottom’: IMCO analyst Ocampo. Massive debt burden overshadows company efforts at turnaround Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 02m 28 2025 Petroleos Mexicanos’ losses are worsening, compounding a crisis for President Claudia Sheinbaum as she seeks to rescue the state oil driller from sliding output, money-losing refineries and
- [Trump Halted Chevron's Venezuela License, Shook Up Oil Market](https://energiesnet.com/trump-halted-chevrons-venezuela-license-shook-up-oil-market/) - Chevron license termination could lead to new oil export pact in Venezuela, sources say Marianna Parraga, Reuters HOUSTON EnergiesNet.com 02 28 2025 The cancellation of a license for Chevron (CVX.N) to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other
- [Trump Ends 2022 License Authorizing Chevron Oil Operations in Venezuela](https://energiesnet.com/trump-ends-2022-license-authorizing-chevron-oil-operations-in-venezuela/) - License expires six months after Feb. 1 renewal. No mention of other company-specific licenses. Venezuelan crude production rises. Trump delivers on promises. Kate Wiston, Platss S&P Global WASHINGTON EnergiesNet.com 02 27 2025 US President Donald Trump is reversing a2022 license that has allowed Chevron to operate in Venezuela's oil sector, according to a Feb. 26
- [Trinidad & Tobago Seeks U.S. License for Venezuelan Gas](https://energiesnet.com/trinidad-tobago-seeks-u-s-license-for-venezuelan-gas/) - Trinidad to ask Trump administration for an extension to develop Dragon gas project. Shell planning to green-light offshore project this year Marianna Parraga and Curtis Williams, Reuters WASHIGNTON/PORT SPAIN EnergiesNet.com 02 27 2025 Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell (SHEL.L) and Trinidad's National Gas Company (NGCTT.UL)
- [Regulatory Hurdles Halt Brazilian Offshore Drilling](https://energiesnet.com/regulatory-hurdles-halt-brazilian-offshore-drilling/) - Brazil's Oil Exploration Hit by Regulatory Crackdown: Delays and Safety Concerns Peter Millard and Mariana Durao, Bloomberg News RIO EnergiesNet.com 02 26 2025 Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the nation’s effort to boost
- [Power Failure Sparks State of Emergency in Chile (video)](https://energiesnet.com/power-failure-sparks-state-of-emergency-in-chile-video/) - Chile Plunged into Darkness: Massive Power Outage Impacts Santiago and Key Copper Mines" Fabian Cambero and Alexander Villegas, Reuters SAN TIAGO EnergiesNet.com 02 26 2025 A massive power outage across Chile plunged the country's capital Santiago into darkness on Tuesday and knocked out electricity to major copper mines in the country's north, buffeting global metal
- [Trump Leverages Chevron's Influence to Pressure Maduro](https://energiesnet.com/trump-leverages-chevrons-influence-to-pressure-maduro/) - Chevron Is Essential to Venezuela's Economy -- and Trump Knows It. Bloomberg News HOUSTON EnergiesNet.com 03 25 2025 One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp. The Houston-based company, which has a US waiver to operate in
- [Guyana Awaits Exxon Mobil's Game-Changing Offshore Gas Strategy](https://energiesnet.com/guyana-awaits-exxon-mobils-game-changing-offshore-gas-strategy/) - Guyana says it might jointly develop gas fields with Suriname. Fulcrum LNG has capacity to develop large gas project, VP says. Onshore power project faces delay of about three months. Government sees others developing gas if Exxon does not. Marianna Parraga and Kemol King, Reuters GEORGETOWN EnergiesNet.com 02 25 2025 Guyana's government expects a consortium
- [Ecopetrol to Offset Colombia’s Gas Deficit with New Import Terminals](https://energiesnet.com/ecopetrol-to-offset-colombias-gas-deficit-with-new-import-terminals/) - Two new facilities will cover 26% of nation’s gas demand. Ecopetrol CEO Ricardo Roa speaks in interview in Bogotá Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 02 24 2025 Ecopetrol SA plans to offset Colombia’s dwindling natural gas reserves by developing two facilities that will allow it to import the fuel starting next year, its top
- [Equinor to Keep Offshore Operations in Argentina, Move to Sell Vaca Muerta Assets](https://energiesnet.com/equinor-to-keep-offshore-operations-in-argentina-move-to-sell-vaca-muerta-assets/) - Equinor Weighs Selling Onshore Assets in Argentina's Vaca Muerta Amid Continued Offshore Operations Reporting by Nerijus Adomaitis and Eliana Raszewski, Reuters OSLO/BUENOS AIRES EnergiesNet.com 02 24 2025 Norwegian oil and gas firm Equinor (EQNR.OL) is looking to sell its onshore assets in Argentina's Vaca Muerta region, the Mas Energia online publication reported, citing unnamed sources. Equinor has
- [Guyana to Sign Oil Deal with TotalEnergies Group](https://energiesnet.com/guyana-to-sign-oil-deal-with-totalenergies-group/) - Government seeking options to re-offer Corentyne block. Exxon continues to dominate Guyana's oil industry Marianna Parraga and Kemol King, Reuters GEORGETOWN EnergiesNet.com 02 21 2025 Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies (TTEF.PA), opens new tab that will allow it to explore an offshore area, Energy Minister Vickram
- [Guyana's Refinery Options Remain Open](https://energiesnet.com/guyanas-refinery-options-remain-open/) - |Guyana's Refinery Plans Remain Viable Amid New Overseas Ventures and Chevron-Exxon Dispute Stephen Cunningham, Argus Media GEORGETOWN EnergiesNet.com 02 21 2025 Guyana's tentative plans to start a venture with a US midstream company to refine its oil overseas and bring it back into the country for storage and distribution does not necessarily mean a domestic refinery is
- [Guyana's Energy Conference: Guyana's Gas Future with Exxon Mobil (video)](https://energiesnet.com/guyanas-energy-conference-guyanas-gas-future-with-exxon-mobil-video/) - Watch video: 650,000 bpd in 5 yrs “completely unheard of” in deepwater space - ExxonMobil’s Senior VP Marianna Parraga and Kemol King, Reuters GEORGETOWN EnergiesNet.com 02 20 2025 U.S. oil major Exxon Mobil (XOM.N) plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more
- [Ecopetrol's Push into Colombia’s Eastern Plains and US Fracking](https://energiesnet.com/ecopetrols-push-into-colombias-eastern-plains-and-us-fracking/) - Vice president of hydrocarbons Guzman speaks in interview. Driller returns to heartland after offshore and overseas bets Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 02 20 2025 State-controlled oil driller Ecopetrol SA sees “great potential” for development and exploration in Colombia’s crude-producing heartland alongside bets on US fracking and offshore gas. The company said this month
- [Brazil Joins OPEC (video)](https://energiesnet.com/brazil-joins-opec-video/) - Brazil's government has approved joining OPEC, the influential group of oil-exporting nations, indicating the country's growing role in global energy markets EnergiesNet CARACAS EnmergiesNet.com 0 2 19 2025 Brazil's government has approved joining OPEC, the influential group of oil-exporting nations, indicating the country's growing role in global energy markets. The decision comes just nine months
- [Trump Considers Halting Chevron's Oil Exports from Venezuela](https://energiesnet.com/trump-considers-halting-chevrons-oil-exports-from-venezuela/) - Chevron holds waiver from US that allows Venezuela operations. Some Republicans cast license as a lifeline for Maduro regime Jennifer A. Dlouhy and Hadriana Lowenkron, Bloomberg News WASHINGTON EnergiesNet.com 02 19 2025 Chevron Corp.’s ability to continue exporting crude from Venezuela is under review, President Donald Trump said, signaling an openness to tighter restraints on
- [Debunking the Myth of Cheap Russian Gas](https://energiesnet.com/debunking-the-myth-of-cheap-russian-gas/) - Cheap Russian gas in Europe? No such thing: Bousso Ron Bousso, Reuters LONDON EnergiesNet.com 02 18 2025 As European officials consider the possibility of restarting Russian gas pipeline imports as part of an eventual peace deal in Ukraine, they should be clear about one thing: Russian gas never was, and likely never will be, cheap. For
- [Lula Pressures Petrobras to Cut Fuel Intermediaries](https://energiesnet.com/lula-pressures-petrobras-to-cut-fuel-intermediaries/) - State firm under pressure to shield consumers from oil swings. Petrobras has raised diesel prices for first time since 2023 Peter Millard and Mariana Durao, Bloomberg News RIO EnergiesNet.com 02 18 2025 Brazil’s state-run oil producer Petrobras should get rid of intermediaries and sell directly to consumers in order to lower fuel prices, President Luiz
- [Cuba Plunges into a Lastest Blackout, Shuts Schools and Work (video)](https://energiesnet.com/cuba-plunges-into-a-lastest-blackout-shuts-schools-and-work-video/) - Only six of Cuba's 15 power plants are operational, causing massive blackouts and forcing school and work closures Dave Sherwood, Reuters HAVANA EnergiesNet.com 02 17 2025 Cuba closed schools and told non-essential workers to stay home on Friday as its electrical grid faltered following the failure of a major power plant, causing widespread blackouts across
- [Chevron Move to Boosts Venezuelan Oil Exports Amid U.S. Policy Shift](https://energiesnet.com/chevron-move-to-boosts-venezuelan-oil-exports-amid-u-s-policy-shift/) - Exports of synthetic Hamaca crude set to soar 50% in February. Oil major has boosted production from Petropiar project Bloomberg News CARACAS EnergiesNet.com 02 17 2025 Chevron Corp. plans to ratchet up oil exports from Venezuela to a seven-year high as a reset of the country’s relationship with the US eases concerns that trade restrictions
- [Brent Oil Prices Edge Up Amid U.S. Iran Export Cuts, Tariff Fears Ease](https://energiesnet.com/brent-oil-prices-edge-up-amid-u-s-iran-export-cuts-tariff-fears-ease/) - Natural-gas futures log weekly rise of nearly 13% By Myra Saefong and Williams Watts/MarketWatch SAN FRANCISCO/NEW YORK EnergiesNety.com 02 14 2022 Global benchmark crude prices posted their first weekly gain in a month Friday, finding support as the U.S. looked to reduce Iranian crude exports and after President Donald Trump did not immediately impose reciprocal
- [Pemex's $975 Million Bet to Revitalize Mexico's Petrochemicals](https://energiesnet.com/pemexs-975-million-bet-to-revitalize-mexicos-petrochemicals/) - Plan foresees increasing annual aromatics production to 330,000 mt by 2030. Investment to focus on reactivating output at two petrochemical complexes Alejandro Chavez and Daniela Morales Pumarino, Platss S&P Global MEXICO CITY EnergiesNet.com 02 14 2025 Pemex will invest 20,000 million Mexican pesos (around $975 million) to increase its petrochemical output over the next six
- [Petrobras Targets African Oil for Reserve Expansion](https://energiesnet.com/petrobras-targets-african-oil-for-reserve-expansion/) - "Petrobras seeks to expand its oil reserves by targeting assets in Africa." Nidhi Verma, Reuters NEW DELHI EnergiesNet.com 02 14 2025 Brazil's Petrobras (PETR4.SA) wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on
- [T&T Energy 2025: Woodside and Trinidad Finalize Terms for Deepwater Gas](https://energiesnet.com/tt-energy-2025-woodside-and-trinidad-finalize-terms-for-deepwater-gas/) - Woodside and Trinidad have agreed on initial commercial terms for deepwater gas, exec says Curtis Williams, Reuters PORT SPAIN EnergiesNet.com 02 13 2025 The government of Trinidad and Tobago and Woodside Energy (WDS.AX) The government of Trinidad and Tobago and Woodside Energy (WDS.AX) have reached an initial agreement on the commercial terms for developing the company's Calypso
- [Pemex to Address Complaints of Salt and Water in Crude; No Crude Rejected, Says CEO](https://energiesnet.com/pemex-to-address-complaints-of-salt-and-water-in-crude-no-crude-rejected-says-pemex-ceo/) - Petroleos Mexicanos announced plans to raise its combined crude and condensate production to 1.8 million barrels a day over the next six years. Ana Isabel Martinez, Reuters MEXICO CITY EnergiesNet.com 02 13 2025 Mexico, an important supplier of crude oil to U.S. refineries, has received complaints from buyers over the salt and water content of its crude over
- [Military Action Against Maduro Gains Majority Support: Poll Says](https://energiesnet.com/military-action-against-maduro-gains-majority-support-poll-says/) - Poll Reveals Strong Latin American Support for US Military Action Against Maduro Bloomberg News RIO EnergiesNet.com 02 12 2025 Latin Americans would broadly support the use of US military force to oust Venezuelan strongman Nicolás Maduro and take on transnational drug cartels, even as they remain largely skeptical of Donald Trump’s return to the White
- [Pemex Faces Rejection from Gulf Refiners Over Watery Crude](https://energiesnet.com/pemex-faces-rejection-from-gulf-refiners-over-watery-crude/) - Crude has six times more water than industry standard. Pemex was hit with complaints and demands for discounts. Lucia Kassai, Bloomberg News HOUSTON EnergiesNet.com 02 12 2025 US oil refiners along the Gulf Coast are snubbing shipments from Mexico and instead turning to Colombia and Canada amid complaints that Petroleos Mexicanos is increasingly delivering crude
- [T&T Increases LNG Revenue Amid Slight Export Drop in January](https://energiesnet.com/tt-increases-lng-revenue-amid-slight-export-drop-in-january/) - Trinidadian cargoes sold 15%-55% higher than HH prices: energy ministry. January exports dropped 9% on month: SGPCI Angeles Rodriguez, Platts S&P Global PORT SPAIN EnergiesNet.com 02 11 2-25 Trinidad and Tobago has boosted its returns from LNG production by securing prices for its LNG that have averaged 15%-55% higher than Henry Hub prices, Trinidadian energy
- [Carso and Pemex Evaluate 'Complicated' Lakach Deepwater Gas Project](https://energiesnet.com/carso-and-pemex-evaluate-complicated-lakach-deepwater-gas-project/) - Lakach Deepwater Gas Project Grapple with Complexities Reporting by Stefanie Eschenbacher, Reuters MEXICO CITY EnergiesNet.com 02 11 2025 Mexican billionaire investor Carlos Slim said on Monday that his team is reevaluating a deal inked with state oil company Pemex to develop Mexico's first deepwater natural gas field, a project long plagued by problems over its
- [US Oil Refiners Look to Latin America, Iraq After Trump Tariffs](https://energiesnet.com/us-oil-refiners-look-to-latin-america-iraq-after-trump-tariffs/) - US oil refiners will look to Latin America and the Middle East to replace suddenly more expensive Canadian and Mexican crudes following President Donald Trump’s tariff salvo, according to traders. Serene Cheong and Yongchang Chin, Bloomberg News SINGAPORE EnergiesNet.com 02 10 2025 US oil refiners will look to Latin America and the Middle East to
- [PDVSA Rebuts Maduro's Claims on CITGO Profits and Sanctions](https://energiesnet.com/pdvsa-rebuts-maduros-claims-on-citgo-profits-and-sanctions/) - PDVSA Clarifies CITGO Profit Claims Amid Maduro's Statements EnergiesNet CARACAS EnergiesNet.com 02 10 2025 To the Public Opinion In response to the statements made by Nicolás Maduro, in which he claims that his regime "has not received more than $5 billion in profits from CITGO," the Ad Hoc Administrative Board of Petróleos de Venezuela S.A.
- [Ecuador's Presidential Race Heads to a Runoff Showdown](https://energiesnet.com/ecuadors-presidential-race-heads-to-a-runoff-showdown/) - President Daniel Noboa, who is known for his aggressive law-and-order policies, failed to win a majority of votes in his re-election bid on Sunday. Genevieve Glatsky, NYTimes QUITO EnergiesNet.com 02 10 2025 Ecuador’s young president, Daniel Noboa, who is known for aggressive law-and-order policies and a mastery of social media, failed to win a majority
- [PDVSA resumes light crude imports as output dwindles](https://energiesnet.com/pdvsa-resumes-light-crude-imports-as-output-dwindles/) - PDVSA made sporadic crude purchases in 2024. Iran-Venezuela swap deal remains frozen since last year. Fire at key complex in Nov limits gas supply to oilfields for reinjection Marianna Parraga, Reuters HOUSTON EnergiesNet.com 02 10 2025 Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and
- [Inside Elon Musk’s War on Washington - Simon Shuster and Brian Bennett / Time (video)](https://energiesnet.com/inside-elon-musks-war-on-washington-simon-shuster-and-brian-bennett-video/) - By Simon Shuster and Brian Bennett The standoff at 1300 Pennsylvania Avenue was not much of a spectacle. On the first day of February, a handful of men working for Elon Musk had come to the U.S. Agency for International Development (USAID), a few blocks from the White House, demanding full access to its headquarters. The agency’s staff refused.
- [Will a Time Magazine Cover Drive a Wedge Between Trump and Musk? - Shawn McCreesh](https://energiesnet.com/will-a-time-magazine-cover-drive-a-wedge-between-trump-and-musk-shawn-mccreesh/) - The cover of the venerable newsweekly, long an object of fixation for the president, put Elon Musk behind the Resolute Desk. By Shawn McCreesh The president did not look amused. He was meeting the Japanese prime minister for the first time on Friday when a reporter shouted out to ask if he had a “reaction”
- [Viewpoint: Noboa Seeks More Time to Curb Violence in Ecuador with Reelection Bid - GZERO](https://energiesnet.com/viewpointnoboa-seeks-more-time-to-curb-violence-in-ecuador-with-reelection-bid-gzero/) - Ecuador's Noboa touts law and order progress as he seeks reelection By GZERO Media Ecuadorians will head to the polls on Feb. 9 to choose their next president against a backdrop of spiraling violence similar to that of the last presidential election in 2023. That was an early vote called by then-President Guillermo Lasso in an attempt
- [Noboa vies for reelection](https://energiesnet.com/noboa-vies-for-reelection/) - Noboa's Bid for Reelection Gains Momentum Latin America Daily Briefing Jordana Timerman February 07, 2025 Ecuador holds presidential elections on Sunday. The race has been dominated by Ecuador’s security crisis — the country has faced rapidly escalating violence from transnational criminal organizations in recent years — as well as impactful energy shortages in the midst
- [Sheinbaum Stalls Trump's Tariffs](https://energiesnet.com/latam-brief-sheinbaum-stalls-trumps-tariffs/) - Rubio Escalates Trump’s Confrontation with Panama Over Canal Control Latin America Daily Briefing Jordana Timerman February 03, 2025 President Claudia Sheinbaum of Mexico struck a deal with the U.S. Trump administration to delay 25% tariffs, which were set to take effect tomorrow, for a month as the two countries reached a series of agreements on
- [Amos Global Energy Bets on Sanctions Easing: Agrees to Buy Sinopec's Venezuelan Assets](https://energiesnet.com/amos-global-energy-bets-on-sanctions-easing-agrees-to-buy-sinopecs-venezuelan-assets/) - Amos Global Energy's Strategic Purchase Set to Boost Venezuelan Oil and Gas Production Carlos Camacho, Argus Media CARACAS EnergiesNet.com 02 07 2025 US upstream start-up Amos Global Energy Management has agreed to buy some of Chinese Sinopec's oil and natural gas interests in Venezuela with an eye on US sanctions eventually easing there, the Houston-based
- [Venezuela's Asphalt Exports to the US Surge 54% in January](https://energiesnet.com/venezuelas-asphalt-exports-to-the-us-surge-54-in-january/) - Repsol supplies PDVSA with 300,000 barrels of low-sulfur diesel fuel. Cuba receives 250,000 barrels of refined products Mary Mogollon, Platss S&P Global CARACAS EnergiesNet.com 02 07 2025 Venezuelan exports of AC-30, an oil-derived asphalt cement, increased to 525,000 barrels in January, up 54% from 243,000 barrels in December, according to a report on activity at
- [Chevron Engages Trump Administration on Venezuela Crisis (video)](https://energiesnet.com/chevron-engages-trump-administration-on-venezuela-crisis-video/) - Chevron's Strategic Discussions with Trump Administration Amidst Venezuela Crisis Joe Ryan and Jonathan Ferro, Bloomberg News NEW YORK EnergiesNet.com 02 06 2025 Chevron Corp. is in communication with the Trump administration as some Republicans call for the US to revoke the company’s license to operate in Venezuela. “We are in contact with the current administration,”
- [New Reforms to Grant Pemex Greater Flexibility in Forming Partnerships](https://energiesnet.com/new-reforms-to-grant-pemex-greater-flexibility-in-forming-partnerships/) - Reforms Grant Pemex Greater Flexibility for Partnerships Adriana Barrera, Reuters MEXICO CITY EnergiesNet.com 02 06 2025 Mexican state-owned oil firm Pemex is set to have a wider berth to operate jointly with private companies under a bill sent to Congress on Wednesday, loosening restrictions implemented by the previous administration. According to the bill, which is
- [Chevron Fuels Venezuela Oil Exports, Supplies Surge to China](https://energiesnet.com/chevron-fuels-venezuela-oil-exports-supplies-surge-to-china/) - Chevron's Cargoes Boost Venezuelan Oil Exports, With Increased Supply to China Marianna Parraga, Reuters HOUSTON EnergiesNet.com 02 05 2025 Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major Chevron Corp (CVX.N), opens new tab from its joint ventures with state firm PDVSA, and more
- [Petro Urges Ecopetrol to Sell U.S. Fracking for Clean Energy](https://energiesnet.com/petro-urges-ecopetrol-to-sell-u-s-fracking-for-clean-energy/) - Firm has extended joint venture with Occidental through 2026. Luis Jaime Acosta, Reuters BOGOTA EnergiesNet.com p2 05 2025 Colombian President Gustavo Petro on Tuesday called for the sale of state oil firm Ecopetrol's (ECO.CN) fracking operations in the United States to invest in clean energy. The leftist leader's request was made to his minister of mines
- [Trump Reverses Tariffs on Canada, Mexico: What's His Endgame?](https://energiesnet.com/trump-reverses-tariffs-on-canada-mexico-whats-his-endgame/) - President Trump’s demands on the United States’ neighbors are difficult to measure. That allows him to declare victory when he sees fit. Zolan Kanno-Youngs and Matina Stevis-Gridneff, NYTimes WASHINGTON/TORONTO EnergiesNet.com 02 04 2025 President Trump has long been clear that he would use tariffs as an economic sledgehammer against nations that refuse to bend to
- [Ecopetrol Renews Permian Basin Venture with Occidental](https://energiesnet.com/ecopetrol-renews-permian-basin-venture-with-occidental/) - Joint Venture Bolsters Oil Production in Permian Basin Reporting by Oliver Griffin BOGOTA EnergiesNet.com 02 04 2025 Colombian energy company Ecopetrol (ECO.CN) said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum (OXY.N) in the U.S. Permian basin in Texas. There had been uncertainty over the future of the joint venture after
- [Panama Offers Concessions After Rubio's Meeting with President Mulino (video)](https://energiesnet.com/panama-offers-concessions-after-rubios-meeting-with-president-mulino-video/) - Panamanian officials offer concessions on Rubio’s first overseas stop, but say they cannot negotiate on control of the waterway (WSJ) Eric Martin, Bloomberg News WASHINGTON EnergiesNet.co 02 03 2025 Panama promised free passage for US warships through the Panama Canal and said it will withdraw from China’s signature lending program after Secretary of State Marco
- [Pemex Dodges US Tariffs by Shifting Crude Sales to Asia](https://energiesnet.com/pemex-can-partially-bypass-us-tariffs-with-asia-sales/) - Pemex can partially bypass US tariffs with Asia sales Édgar Sígler, Argus Media MEXICO CITY EnergiesNet.com 02 03 2025 Mexico's state-owned oil company Pemex can sidestep the US' 25pc tariff on Mexican imports by redirecting crude to other international buyers, particularly in Asia, market sources say. Pemex primarily sells crude under evergreen or long-term contracts,
- [Grenell Brings Six Americans Home After Meeting with Maduro](https://energiesnet.com/grenell-brings-six-americans-home-after-meeting-with-maduro/) - Richard Grenell, President Donald Trump’s special missions envoy, tweeted that he was returning from his trip to Caracas with the six Americans. Samantha Schmidt, John Hudson and Karen DeYoung, The Washington Post WASHINGTON EnergiesNet.com 02 01 2025 Venezuela released six detained Americans Friday after Richard Grenell, President Donald Trump’s special missions envoy, traveled to Caracas
- [Trump Aplicará Aranceles a México, Canadá y China el Sábado](https://energiesnet.com/trump-aplicara-aranceles-a-mexico-canada-y-china-el-sabado/) - Trump aplicará aranceles del 25% a México y Canadá, y del 10% a China, en respuesta al fentanilo ilegal David Lawder y Andrea Shalal, Reuters WASHINGTON EnergiesNet.com 31 01 2025 El presidente de Estados Unidos, Donald Trump, aplicará el sábado aranceles del 25% a las importaciones canadienses y mexicanas y del 10% a los productos
- [Sheinbaum Pushes Energy Reform Plan to Congress](https://energiesnet.com/sheinbaum-pushes-energy-reform-plan-to-congress/) - President Sheinbaum has submitted six bills to Congress that would cover how an energy reform law Congress passed in October would be implemented. Mexico News Daiy MEXICO CITY EnergiesNet.com Mexico is poised to reshape local energy markets with a reform that prioritizes state control of the sector and reduces the role played by private companies.
- [Argentina to Reveal Gold Reserve Data to Hedge Fund in YPF Case](https://energiesnet.com/argentina-to-reveal-gold-reserve-data-to-hedge-fund-in-ypf-case/) - Judge Preska also ordered the country to provide banking data on consular, diplomatic and military accounts abroad Facundo Iglesias, Buenos Airs Herals BUENOS AIRES EnergiesNet.com 01 31 2025 Argentina has agreed to provide hedge fund Burford Capital with information on the Central Bank’s gold reserves and other assets following an order from New York Judge Loretta
- [Mexico Accelerates Plans to Double Natural Gas Storage by 2025-2026](https://energiesnet.com/mexico-accelerates-plans-to-double-natural-gas-storage-by-2025-2026/) - Trump's potential leverage over US gas imports raises urgency Diego Oré, Reuters MEXICO CITY EnergiesNet.com 01 30 2025 Mexico's government is looking to speed up plans to double its strategic natural gas storage capacity amid concern that U.S. President Donald Trump could use the country's dependence on U.S. gas as some form of leverage, three
- [Argentina's Energy Boom Eases Currency Worries](https://energiesnet.com/argentinas-energy-boom-eases-currency-worries/) - Dollar proceeds from oil, gas exports seen as lifting reserves. Bondholders remain focused on Milei’s handling of FX policy Kevin Simauchi and Maria Elena Vizcaino, Bloomberg News NEW YORK/BUENOS AIRES EnergiesNet.com 01 30 2025 Argentina’s booming energy sector is easing concerns that a strong peso will dent efforts to bolster foreign exchange reserves ahead of
- [Mexico's Power Law Draft Allows State-Controlled Partnerships](https://energiesnet.com/mexicos-power-law-draft-allows-state-controlled-partnerships/) - Balancing Public and Private Interests in Mexico's Energy Sector Adriana Barrera, Reuters MEXICO CITY EnergiesNet.com 01 29 2025 A legislative proposal in Mexico backed by the government would allow for public-private electricity generation projects, but only when the state holds a stake of at least 54%, according to a draft of the bill seen by
- [Trump's Panama Canal Threat: Strategic Moves and Global Implications](https://energiesnet.com/trumps-panama-canal-threat-strategic-moves-and-global-implications/) - Why is Trump threatening to take over the Panama Canal? Sarah Morland and Marianna Parraga, Reuters MEXICO CITY/HOUSTON/PANAMA CITY EnergiesNet.com 01 29 2025 Newly inaugurated U.S. President Donald Trump is pushing to "take back" the Panama Canal, the world's second busiest interoceanic waterway, spurring concerns that the United States could invade the Central American nation. Trump argues that
- [Inside Colombia's Deportation Crisis: The Hidden Struggles and Diplomatic Tensions](https://energiesnet.com/inside-colombias-deportation-crisis-the-hidden-struggles-and-diplomatic-tensions/) - When Colombia’s president, Gustavo Petro, refused military planes carrying deportees, infuriating President Trump, he revealed how heated the question of deportations has become. Annie Correa, lJulie Turkewitz and Genevieve Glatsky, NYTimes BOGOTA/MEXICO CITY/SANTANDER,Colombia EnergiesNet.com 01 28 2025 Colombia’s president, early on Sunday, announced that he had turned back two American military planes carrying deportees from
- [US Judge Greenlights New Bidding Terms for Citgo Parent Auction](https://energiesnet.com/us-judge-greenlights-new-bidding-terms-for-citgo-parent-auction/) - Legal Shake-Up: How New Bidding Terms Could Reshape Citgo's Future Marianna Parraga, Reuters HOUSTON EnergiesNet.com 01 28 2-25 A U.S federal judge in Delaware on Monday approved new terms to relaunch bidding in a complex auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, set to pay creditors for defaults and expropriations in
- [The Trump Effect: U.S. Energy Policy's Impact on Argentine Oil and Gas](https://energiesnet.com/the-trump-effect-u-s-energy-policys-impact-on-argentine-oil-and-gas/) - Despite the changes, long-term projections for established firms remain positive Santiago Escobar, Buenos Aires Herald BUENOS AIRES EnergiesNet.com 01 27 2025 In his inauguration speech, Donald Trump said his government intends to boost the United States’ oil and gas production and undo former President Joe Biden’s climate agenda. This would bring volatility to the global
- [Crisis averted, Colombia Agrees to Accept Deportation Flights After Trump Threatens Tariffs](https://energiesnet.com/crisis-averted-colombia-agrees-to-accept-deportation-flights-after-trump-threatens-tariffs/) - The country’s leader, Gustavo Petro, backed down after a clash with President Trump, which started when Mr. Petro turned back U.S. military planes carrying deportees. Genevieve Glatsky, Simon Romero and Annie Correal, NYTimes BOGOTA EnergiesNet.com 01 27 2025 Under threats from President Trump that included steep tariffs, President Gustavo Petro of Colombia has relented and
- [Ecuador Targets $42B Oil Investments by 2029](https://energiesnet.com/ecuador-targets-42b-oil-investments-by-2029/) - Ecuador's Ambitious Plan to Boost Oil Sector Investments by 2029 Reporting by Alexandra Valencia, Reuters QUITO EnergiesNet.com 01 24 2025 Ecuador expects foreign oil companies to invest around $42 billion in the sector over the next five years, acting Energy Minister Ines Manzano said on Wednesday, as part of President Daniel Noboa's plan to boost
- [Mexico's $20B Pemex Dos Bocas Refinery Flops Amid Trump's Tariff Threats](https://energiesnet.com/mexicos-20b-pemex-dos-bocas-refinery-flops-amid-trumps-tariff-threats/) - President Sheinbaum is under pressure to reduce Mexican reliance on US fuel Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 01 24 2025 At a packed press conference in the muggy port town of Dos Bocas, Mexico’s energy minister unveiled a bold plan to fast-track construction of the country’s largest oil refinery to date, a flagship
- [Closing Prices: Thursday 01 23 2025 / Revised:01 24 2025](https://energiesnet.com/closing-prices-tuesday-01-21-2025-revised01-22-2025/) - Oil at 2-week low as Trump’s efforts to lower crude prices imply a boost in output EnergiesNet HOUSTON EnergiesNet.com 01 24 2025 EnergiesNet.com 01 24 2025
- [Brazil Champions Climate Leadership at Davos](https://energiesnet.com/brazil-champions-climate-leadership-at-davos/) - Brazil chose veteran diplomat Andre Aranha Correa do Lago to preside over the UN Cop 30 climate summit. Maria Frazatto, Argus Media DAVOS EnergiesNet.com 01 23 2025 Brazil is looking to build an "ecological legacy" and called on richer countries to invest in its growing sustainable markets as it prepares to host the UN Cop
- [Argentina's Record Energy Trade Surplus: Milei's Big Win](https://energiesnet.com/argentinas-record-energy-trade-surplus-mileis-big-win/) - Argentina logs largest energy trade surplus in 18 years in win for Milei Reporting by Eliana Raszewski, Reuters BUEBOS AIRES EnergiesNet.com 01 23 2025 rgentina logged its largest energy trade surplus in nearly two decades last year, the energy secretariat said on Tuesday, marking a win for libertarian President Javier Milei who has vowed to
- [Trump's Day 1 Comment on Venezuelan Oil: Negotiation Tactic or Policy Shift?](https://energiesnet.com/trumps-day-1-comment-on-venezuelan-oil-negotiation-tactic-or-policy-shift/) - Policy on Venezuela still not defined: experts . Trump used similar language about Canadian oil Kate Wiston, Platss S&P Global WASHINGTON EnergiesNet.com 01 22 2025 President Donald Trump's suggestion that US will "probably" stop buying oil from Venezuela is seen as a negotiating tactic, not necessarily policy, and experts are divided about whether Trump will
- [How Real is Trump's Panama Canal Takeover and Gulf Renaming? (video)](https://energiesnet.com/how-real-is-trumps-panama-canal-takeover-and-gulf-renaming-video/) - Trump repeated his desire to do so in his inaugural address on Monday. But it would not be easy. Al Jazeera Staff WASHINGTON EnergiesNet.com 01 22 2025 As United States President Donald Trump was sworn in for his second term on Monday, he repeated his wishes to acquire the Panama Canal and rename the Gulf of Mexico in his
- [Trump's Bold Energy Moves on Day One](https://energiesnet.com/trumps-bold-energy-moves-on-day-one/) - Trump declared a national energy emergency. Jarrett Renshaw, Reuters WASHINGTON EnergiesNet.com 01 21 2025 U.S. President Donald Trump issued a flurry of orders within hours of his inauguration on Monday intended to boost the nation's already record-high oil and gas production and unwind former President Joe Biden's climate agenda. Here are some of the actions Trump
- [Trump Moves to End Venezuelan Oil Imports](https://energiesnet.com/trump-moves-to-end-venezuelan-oil-imports/) - Trump says will likely stop buying oil from Venezuela Andrea Shalal and Jeff Mason, Reuters WASHINGTON EnergiesNet.com 01 21 2025 U.S. President Donald Trump said on Monday that his administration would likely stop buying oil from Venezuela and was looking "very strongly" at the South American country. "It was a great country 20 years ago,
- [Trump to Invoke Emergency Powers for Energy Crisis](https://energiesnet.com/trump-to-invoke-emergency-powers-for-energy-crisis/) - Ari Natter and Jennifer A. Dlouhy, Bloomberg WASHINGTON EnergiesNet.com 01 202 2035 President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to people familiar with the matter. The move is set to
- [Guyana's Economy Soars 43.6% in 2024, Fueled by Oil Boom and Export Surge](https://energiesnet.com/guyanas-economy-soars-43-6-in-2024-fueled-by-oil-boom-and-export-surge/) - Oil output increased to 616,000 bpd from 391,000 bpd. Oil revenue rose to $2.57 billion, including crude sales, royalties Kemol King and Marianna Parraga, Reuters GEORGETOWN EnergiesNet.com 01 20 2025 Guyana's economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and exports showed solid increases, the Finance minister
- [Chevron's Tax Filing in Venezuela Defies Sanctions: Documents Reveal](https://energiesnet.com/chevrons-tax-filing-in-venezuela-defies-sanctions-documents-reveal/) - Returns for two joint ventures list about $300 million owing. Trump nominee says deal with Maduro should be ‘re-explored’ Andreina Itriago Acosta, Fabiola Zerpa, and Patricia Laya, Bloomberg News CARACAS EnergiesNet.com 01 17 2025 Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President
- [EU Slams Venezuela for Diplomatic Staff Cuts in Caracas](https://energiesnet.com/eu-slams-venezuela-for-diplomatic-staff-cuts-in-caracas/) - France summons Venezuelan envoy over Caracas' decision to limit diplomatic staff Brussels Morning Newspaper BRUSSELS EnergiesNet.com 01 17 2025 The European Union condemned Venezuela’s decision to reduce diplomatic staff and urged the reversal of the move to avoid further isolation. According to a declaration issued by the Lead Spokesperson for Foreign Affairs and Security Policy
- [Closing Prices: Thursday 01 16 2025 / Revised:01 17 2025](https://energiesnet.com/closing-prices-thursday-01-16-2025-revised01-17-2025/) - Oil settles lower on expected halt to Houthi shipping attacks, Opec Basket continue climbing. EnergiesNet HOUSTON EnergiesNet.com 01 17 2025 EnergiesNet.com 01 17 2025
- [Rubio's Latin America Stance: Senate Hearing Highlights (video)](https://energiesnet.com/rubios-latin-america-stance-senate-hearing-highlights/) - Rubio's stance on LatAm in the Senate hearing Latin America Daily Briefing Jordana Timerman January 17, 2025 Marco Rubio, U.S. president-elect Donald Trump’s nominee for Secretary of State, focused his hearing yesterday before the Senate Foreign Relations Committee to explain the incoming administration’s vision for an “America First” foreign policy. (El País) “The most striking
- [Mexico's Oil States: Labor Market Losers in 2024](https://energiesnet.com/mexicos-oil-states-labor-market-losers-in-2024/) - In 2024, the second lowest generation of jobs in the last 15 years was recorded. (Como Vamos) Édgar Sígler, Argus Media MEXICO COTY Energiesnet.com 01 17 2025 Mexico's oil and gas-dependent states led state job losses in 2024, driven by a sharp contraction in spending by state-owned Pemex and the completion of the Olmeca refinery,
- [Rubio Urges US to Rethink Chevron's Venezuela Deal](https://energiesnet.com/rubio-urges-us-to-rethink-chevrons-venezuela-deal/) - Rubio Says US Should Reconsider Chevron’s Deal in Venezuela. Oil license funnels billions of dollars to Maduro. Kevin Crowley, Bloomberg News HOUSTON EnergiesNet.com 01 15 2025 Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela. The Biden administration “got
- [Angra 3: Brazil's Nuclear Dilemma](https://energiesnet.com/angra-3-brazils-nuclear-dilemma/) - Angra 3 Could Cost Consumers Up to $10 Billion Arkady Petrov, The Rio Times RIO EnergiesNet.com 01 15 2024 A confidential study by Brazil’s Energy Research Company (EPE) reveals a startling fact: completing the Angra 3 nuclear power plant could cost Brazilian consumers up to R$61.5 billion ($9.92 billion) more on their electricity bills over
- [Biden to Remove Cuba from Terrorism List](https://energiesnet.com/biden-to-remove-cuba-from-terrorism-list/) - Biden to lift Cuba's state sponsor of terrorism designation Latin America Daily Briefing Jordana Timerman January 14, 2025 U.S. President Joe Biden said he will lift his country’s designation of Cuba as a state sponsor of terrorism. In a national security memorandum issued yesterday, he certified that Cuba hasn’t provided any support for international terrorism
- [Trump to Simplify LNG Export Permit Renewals](https://energiesnet.com/trump-to-simplify-lng-export-permit-renewals/) - Trump to make it easier for LNG export permit renewals, sources say Curtis Williams and And Jarrett Renshaw, Reuters HOUSTON EnergiesNet.com 01 16 2024 U.S. President-elect Donald Trump plans to make it easier for some producers of liquefied natural gas (LNG) to seek export permit renewals, according to two sources with knowledge of the plan.
- [Guyana's Journey: President Ali's Second Term and Economic Ambitions - José Enrique Arrioja/AQ](https://energiesnet.com/guyanas-journey-president-alis-second-term-and-economic-ambitions-jose-enrique-arrioja-aq/) - As President Ali seeks a second term in November’s general elections, the government is handing out cash transfers and free college tuition. By José Enrique Arrioja Guyana continues to surprise. When we published our broad overview of the nation a year ago, its economy was expected to grow 21% in 2024. However, as total crude output exceeded
- [Can Guyana Beat the Resource Curse? - José Enrique Arrioja - American Quartely (video)](https://energiesnet.com/can-guyana-beat-the-resource-curse-jose-enrique-arrioja-american-quartely/) - By José Enrique Arrioja GEORGETOWN — If there’s a symbol of both the immense promise and risks of Guyana’s future, it might be the project known as Silica City. The brainchild of President Irfaan Ali, the goal is to build an entirely new “smart city” in the tropical savannah some 30 miles south of the
- [Chris Wright: Fossil Fuel Evangelist Nominated for Energy Secretary](https://energiesnet.com/chris-wright-fossil-fuel-evangelist-nominated-for-energy-secretary/) - Chris Wright, the founder of a fracking services company, argues that oil and gas are key to alleviating global poverty. Lisa Fridman, NYTimes WASHINGTON EnergiesNet.com 01 15 2025 Chris Wright, Donald J. Trump’s pick to lead the Department of Energy, landed the job during his first encounter with the past and future president. The founder
- [Closing Prices: Tuesday 01 14 2025 / Revised:01 15 2025](https://energiesnet.com/closing-prices-tuesday-01-14-2025-revised01-15-2025/) - Oil ends lower after a 3-day rally lifted prices to their highest since August EnergiesNet HOUSTON EnergiesNet.com 01 15 2025 EnergiesNet.com 01 15 2025
- [Maduro's Grip: Navigating Isolation and Power in Venezuela](https://energiesnet.com/maduros-grip-navigating-isolation-and-power-in-venezuela/) - How an Isolated Maduro Still Clings to Power in Venezuela Bloomberg News CARACAS EnergiesNet.com 01 15 2025 After claiming victory in Venezuela’s July presidential election despite evidence to the contrary, the country’s long-time ruler Nicolás Maduro has been sworn in for a third six-year term, prompting further outcry, widespread global condemnation and fresh sanctions. Pressure is mounting
- [How an Isolated Maduro Still Clings to Power in Venezuela - James Bosworth](https://energiesnet.com/maduros-grip-clinging-to-power-in-isolation-james-bosworth/) - For Maduro, Silencing Venezuela’s Opposition Has Become Job One By James Bosworth Last Friday, Venezuelan President Nicolas Maduro was sworn into office despite losing last July’s election by over 35 percentage points. Cuban President Miguel Diaz-Canel and Nicaraguan President Daniel Ortega—two other dictators who regularly rig elections to remain in power—were the only leaders from the hemisphere
- [OPEC's Output Surge: EIA Predicts Expanding Oil Glut by 2026](https://energiesnet.com/opecs-output-surge-eia-predicts-expanding-oil-glut-by-2026/) - OPEC Sees Steady Oil Demand Growth in First Look at 2026 Julia Fanzeres, Bloomberg News NEW YORK EnergiesNet.com 01 15 2024 Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set
- [San Francisco's Self-Driving Saga: Jeffrey Tumlin on the Impact of Robotaxis](https://energiesnet.com/san-franciscos-self-driving-saga-jeffrey-tumlin-on-the-impact-of-robotaxis/) - Outgoing transit agency head Jeffrey Tumlin reflects on how self-driving cars from Waymo, Cruise and Zoox affected the city’s other transportation modes. David Zipper, Bloomberg News SAN FRANCISCO EnergiesNet.com 01 15 2025 Few Americans have had more direct experience with self-driving cars than the residents of San Francisco. For four years, robotaxis from companies like Waymo, Cruise and
- [Sheinbaum's economic development plan](https://energiesnet.com/sheinbaums-economic-development-plan/) - Latin America Daily Briefing Jordana Timerman January 13, 2025 Mexican President Claudia Sheinbaum marked her first hundred days in office yesterday launching “Plan México,” a business friendly economic development program the regional development of the country, focused on consumer goods, technology, tourism, the automotive industry and energy. By 2030, at the end of her term,
- [Colombia's Bold Push to Go Green: Trade-Off Gas Imports](https://energiesnet.com/colombias-bold-push-to-go-green-trade-off-gas-imports/) - The Andean nation must bring in cargoes with a bigger carbon footprint as its own reserves dwindle and its president refuses to allow new drilling contracts. Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 01 14 2025 A growing consequence of President Gustavo Petro’s push to wean Colombia off fossil fuels is unfolding at a sprawling natural
- [Chile Approves Electricity Subsidy Bill, Avoids Renewables Profit Cut](https://energiesnet.com/chile-approves-electricity-subsidy-bill-avoids-renewables-profit-cut/) - Chile’s lower house approved a bill to expand electricity subsidies for lower-income families after stripping out a measure that would have raised part of the funds required by curbing profits in a segment of the renewable energy industry. Valentina Fuentes and Carolina Gonzalez, Bloomberg News SANTAGO EnergiesNet.com 01 14 2025 Chile’s lower house approved a
- [China Moves to Space to Dominate the Final Frontier - Didi Kirsten Tatlow/Newsweek](https://energiesnet.com/china-moves-to-space-to-dominate-the-final-frontier-didi-kirsten-tatlow-newsweek/) - By Didi Kirsten Tatlow China's ambition to be the world's greatest space power is taking it to the Moon, to other planets—and to the sepia dust of Chile's Atacama Desert. Here, in a lunar-looking landscape in the South American country, diggers are smoothing a rocky plain beneath an 8,600-foot Andean peak for a new astronomical observatory where Chinese scientists
- [Closing prices: 01 13 / Rev. 01 14 2025](https://energiesnet.com/oil-prices-surge-2-to-4-month-high-amid-sanctions-on-russian-supplies/) - Oil Prices Surge 2% to 4-Month High Amid Sanctions on Russian Supplies./ Chinese, Indian refiners seek alternatives to Russian oil. Sanctioned oil tankers drop anchor. Crude up despite stronger US dollar, possible Gaza truce. (Reuters) EnergiesNet HOUSTON EnergiesNet.com 01 14 2025 EnergiesNet.com 01 14 2025
- [US EXIM Bank Grants Guyana $526M Loan for Gas-to-Energy Project](https://energiesnet.com/us-exim-bank-grants-guyana-526m-loan-for-gas-to-energy-project/) - The project includes a gas separation plant, a 300-megawatt power plant, and a pipeline. Reporting by Kemol King, Reuters GEORGETOWN EnergiesNet.com 01 13 2025 Guyana's government on Friday signed a $526 million loan agreement with the U.S. Export-Import Bank (EXIM) to finance an energy project aimed at doubling the South American nation's power generation capacity
- [JPMorgan Upgrades YPF, Predicts Growth for Argentine Energy Sector](https://energiesnet.com/jpmorgan-upgrades-ypf-predicts-growth-for-argentine-energy-sector/) - Reuters SAO PAULO EnergiesNet.com 01 13 2025 JPMorgan analysts upgraded their assessment of Argentine state-run oil firm YPF in a note to clients, saying the energy industry in the South American country has room for further growth as part of the country's "economic tranformation". The U.S. investment bank raised its YPF recommendation to "overweight" from
- [Machado Briefly Detained During Protests in Venezuela](https://energiesnet.com/machado-briefly-detained-during-protests-in-venezuela/) - Latin America Daily Briefing January 10, 2025 Jordana Timerman Thousands of Venezuelans gathered in cities around the country to protest against the government, though turnout was smaller than it has been in the past. At least 17 arrests were made at protests throughout the country, according to Foro Penal, and security forces prevented gatherings in
- [PDVSA Board Reaffirms Commitment to Defend Venezuela's Assets Amid $20 Billion Claims](https://energiesnet.com/pdvsa-board-reaffirms-commitment-to-defend-venezuelas-assets-amid-20-billion-claims/) - EnmergiesNet CARACAS EnergiesNet.com 01 12 2025 The Ad Hoc Administrative Board of PDVSA reiterates its commitment to defending Venezuela's assets abroad, fulfilling its mandate to safeguard PDVSA's assets. In 2024, the Board has faced claims exceeding $20 billion, primarily stemming from expropriations and debts incurred under the negligent regimes of Hugo Chávez and Nicolás Maduro.
- [Global Energy Leaders Gather in Havana from April 3rd to 4th for 2025 Energy Summit](https://energiesnet.com/global-energy-leaders-gather-in-havana-from-april-3rd-to-4th-for-2025-energy-summit/) - IN-VR HAVANA EnergiesNet.com 01 12 2025 The Cuba Energy Summit 2025 takes place from April 3rd to 4th in the vibrant city of Havana. Co-organised by CUPET and the Ministry of Energy and Mines of Cuba and organised by IN-VR, this exclusive event brings together key stakeholders from the global energy industry to explore opportunities
- [A Sinkhole Is Threatening to Consume Ecuador’s Main Source of Power - P. Millard / S. Kueffner](https://energiesnet.com/a-sinkhole-is-threatening-to-consume-ecuadors-main-source-of-power-p-millard-s-kueffner/) - If a hydroplant responsible for 30% of the nation’s electricity went offline, it would compound an energy crisis already roiling the nation. By Peter Millard and Stephan Kueffner, Bloomberg News Photography and video by Johanna Alarcón for Bloomberg The $3 billion Coca Codo Sinclair hydroelectric power plant in Ecuador has been a public relations disaster since its
- [US Keeps Venezuelan Oil Licenses Despite 'Illegitimate' Maduro Inauguration](https://energiesnet.com/us-keeps-venezuelan-oil-licenses-despite-illegitimate-maduro-inauguration/) - Licenses may remain until Trump takes office. Maduro gets maximum reward offer of $25 million Kate Winston, Platts S&P Global WASHINGTON EnergiesNet.com 01 11 2025 The Biden administration decided to maintain the company-specific licenses allowing Chevron and others to operate in Venezuela's oil sector despite Venezuelan President Nicolás Maduro being sworn Jan. 10 into a
- [Maduro Seizes Third Term, Declared Dictator After Stealing Election](https://energiesnet.com/maduro-seizes-third-term-declared-dictator-after-stealing-election/) - Strongman Nicolás Maduro was sworn in for another six years on Friday, despite evidence that he lost a July election decisively. Julie Turkewitz and Genevieve Glatsky, NYTimes BOGOTA EnergiesNet.com 01 11 2025 He is an autocrat condemned inside and outside his country as having stolen the nation’s last election. Yet on Friday, Nicolás Maduro, the Venezuelan president
- [Closing prices: 01 10 / Rev. 01 10 2025](https://energiesnet.com/closing-prices-01-10-rev-01-10-2025/) - Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies. U.S. winter storm expected to boost heating-fuel demand EnergiesNet HOUSTON EnergiesNet.com 01 11 2025 EnergiesNet.com 01 11 2025
- [Canada Warns Trump of Potential Oil Trade War -Interview](https://energiesnet.com/canada-warns-trump-of-potential-oil-trade-war-interview/) - Brian Platt, Bloomberg News OTTAWA EnergiesNet.com 01 09 2025 Donald Trump’s claim that the US doesn’t need anything from Canada is “simply false,” said Jonathan Wilkinson, Canada’s energy minister and a potential candidate in the contest to replace Justin Trudeau as prime minister. The US doesn’t have easy alternatives to Canadian crude oil, uranium, potash
- [Mexico's President Mocks Trump's 'Gulf of America' Proposal with 'Mexican America' Jab  (video)](https://energiesnet.com/mexicos-president-mocks-trumps-gulf-of-america-proposal-with-mexican-america-jab-video/) - Mexico’s President Jokes That U.S. Should Be Called Mexican America Emiliano Rodríguez Mega, NYTimes MEXICO CITY EnergiesNwet.com 01 09 2025 Mexico’s president rejected several of President-elect Donald J. Trump’s assertions about her country and even joked that the United States should be called “Mexican America” after Mr. Trump said the Gulf of Mexico should be
- [Guyana's Oil Exports Surge, Capturing European Market Share](https://energiesnet.com/guyanas-oil-exports-surge-capturing-european-market-share/) - Two-thirds of Guyana's exports went to Europe last year. Asia accounted for nearly 24% of exports, U.S. took 4%. Guyana's oil benefited as Middle Eastern flows disrupted Marianna Parraga and Kemol King, Reuters HOUSTON/GEORGETOWN EnergiesNet.com 01 08 2025 Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European
- [US Set to Enforce New Sanctions on Venezuela This Week](https://energiesnet.com/us-set-to-enforce-new-sanctions-on-venezuela-this-week/) - The US State Department could announce the new sanctions before the end of the week, according to the reports. Reporting by Jasper Ward, Reuters WASHINGTON EnergiesNet.com 01 08 2025 The U.S. is expected to introduce new sanctions this week against the Maduro regime in Venezuela, an Axios reporter said in a post on X on
- [Closing prices: 01 08 / Rev. 01 09 2025](https://energiesnet.com/closing-prices-01-08-rev-01-09-2025/) - Oil Prices Dip as U.S. Crude Supplies Fall, Product Stocks Risk EnergiesNet HOUSTON EnergiesNet.com 01 09 2025 EnergiesNet.com 01 09 2025
- [S&P 500 Energy Sector: Worst to First in 2025](https://energiesnet.com/sp-500-energy-sector-worst-to-first-in-2025/) - Natural gas stocks lead gains as commodity’s price climbs. Turnaround comes despite sector downgrades at RBC, Ned Davies. Geoffrey Morgan, Bloomberg News TORONTO EnergiesNet.com 01 08 2025 Energy is the star sector of the S&P 500 Index in the early days of 2025, shaking off two consecutive years when it was a market laggard, and
- [AI Energy Demand Fuels Climate Tech Investment](https://energiesnet.com/ai-energy-demand-fuels-climate-tech-investment/) - Executive order would set aside federal land for data centers. Measures aim to ease permitting for AI-linked energy projects Coco Liu, Bloomberg News NEW YORK EnergiesNet.com 01 08 2025 Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the first time since 2020. They’ve done
- [Chevron CEO Backs Hess in Exxon Dispute](https://energiesnet.com/chevron-ceo-backs-hess-in-exxon-dispute/) - Guyana contracts have been ‘studied extensively,’ Wirth says. Case is last major hurdle to Chevron completing Hess takeover Kevin Crowley, Bloomberg News HOUSTON EnergiesNet.com 01 07 2025 Chevron Corp. Chief Executive Officer Mike Wirth reiterated his support for Hess Corp. in its arbitration battle with Exxon Mobil Corp. over disagreements about Guyana’s massive oil field.
- [Chevron, Shell Eye Argentina Oil Exports](https://energiesnet.com/chevron-shell-eye-argentina-oil-exports/) - Majors are negotiating to join $3 billion oil pipeline, port. Jonathan Gilbert, Bloomberg Linea BUENOS AIRES EnergiesNet.com 01 06 2025 Chevron Corp. and Shell Plc are in talks to join Argentina’s signature project to ramp up crude exports from its booming shale patch, according to people familiar the matter. Chevron and Shell, which both have
- [Closing prices: 01 07 / Rev. 01 08 2025](https://energiesnet.com/precios-de-cierre-01-07-rev-01-08-2025/) - Oil Futures Settle at Their Highest Level Since October EnergiesNet HOUSTON EnergiesNet.com 01 07 2025 energiesNet.com 01 08 2025
- [Closing Prices: 01 06 Rev. 01 07 2025](https://energiesnet.com/closing-prices-01-06-rev-01-07-2025/) - EnergiesNet HOUSTON EnergiesNet.com 01 07 2025 energiesnet.com 01 07 202
- [Talos Energy CEO Joseph Mills Resigns](https://energiesnet.com/talos-energy-ceo-joseph-mills-resigns/) - Talos Energy interim CEO Joseph Mills steps down Reuters HOUSTON EnergiesNet.com 01 06 2025 U.S. oil and gas company Talos Energy (TALO.N), opens new tab said on Monday its interim chief executive officer, Joseph Mills, has stepped down, effective immediately. Mills was appointed after CEO Tim Duncan stepped down on Aug. 29 last year after serving more
- [Guyana Clears Wrecks for Safer Oil Routes](https://energiesnet.com/guyana-clears-wrecks-for-safer-oil-routes/) - Denis Chabrol, Bloomberg News GEORGETOWN EnergiesNet.com 01 05 2026 Guyana said it is making a concerted effort to clear wreckage from its waterways and improve navigation as the number of ships serving the burgeoning oil-sector increases. More than 14 wrecks have been removed since 2023, with three others set for cleanup in the coming
- [Biden Halts Offshore Drilling in Atlantic and Pacific](https://energiesnet.com/biden-halts-offshore-drilling-in-atlantic-and-pacific/) - The ban doesn’t affect most waters in the Gulf of Mexico. Protected areas have ‘minimal’ potential, president says Jennifer A. Dlouhy, Bloomberg News WASHINGTON EnergiesNet.com 01 06 2025 President Joe Biden is indefinitely blocking offshore oil and gas development in more than 625 million acres of US coastal waters, warning that drilling there is simply
- [Venezuelan President-Elect González Urrutia to Meet Biden, Pressuring Trump](https://energiesnet.com/venezuelan-president-elect-gonzalez-urrutia-to-meet-biden-pressuring-trump/) - US backs opposition’s count of votes, indicating González won. Venezuela’s president Maduro will start his new term this week Bloomberg News WASHINGTON EnergiesNet.com 01 06 2025 The Venezuela opposition leader the US has recognized as president-elect is scheduled to meet with President Joe Biden on Monday, days before Donald Trump takes over in the US
- [Closing Prices: 01 03 Rev. 01 06 2025](https://energiesnet.com/closing-prices-01-03-rev-01-06-2025/) - EnergiesNet HOUSTON EnergiesNet.com 01 06 2025 01/03 Closing Prices / revised 01/06/2025 08:31 GMT | 01/03 OPEC Basket $74.93 +$0.34 cents | 01/03 Mexico Basket (MME) $68.51 +$0.69 cents | 11/30 Venezuela Basketc (Merey) $59.58 +$1.28 cents | 01/03 NYMEX Light Sweet Crude $73.96 +$0.83 cents | 01/03 ICE Brent $76.51 +$0.58 cents | 01/03
- [Venezuela's Oil Exports Surge 10.5% in 2024 Despite Political Turmoil](https://energiesnet.com/venezuelas-oil-exports-surge-10-5-in-2024-despite-political-turmoil/) - Oil shipments to the U.S. rose 64%, to India up sixfold. Crude oil production up 17% in first 11 months of last year Marianna Parraga, Reuters HOUSTON EnergiesNet.com 01 03 2025 Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state
- [India BPCL's First Argentinian Crude Oil Cargo Set for February](https://energiesnet.com/india-bpcls-first-argentinian-crude-oil-cargo-set-for-february/) - Reporting by Florence Tan and Nidhi Verma, Reuters SINGAPORE/NEW DELHI EnergiesNet.com 12 20 2024 India's Bharat Petroleum Corp Ltd (BPCL.NS), opens new tab has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries. The state-run refiner has purchased the
- [Guyana Stands Firm: No Renegotiation with Exxon Despite Opposition Pressure](https://energiesnet.com/guyana-stands-firm-no-renegotiation-with-exxon-despite-opposition-pressure/) - Guyana Won’t Ask Exxon to Renegotiate Contract, President Says Denis Chabrol,Bloomberg News GEORGETOWN EnergiesNet.com 01 03 2025 Guyana’s President Irfaan Ali on Tuesday firmly ruled out formally asking Exxon Mobil Corp. to renegotiate its production contract, resisting calls from his political opposition and activists in the country. “We don’t need any official response,” he said
- [US Judge Reopens Citgo Bidding, Sparking Rivalry for Elliott](https://energiesnet.com/us-judge-reopens-citgo-bidding-sparking-rivalry-for-elliott/) - US judge resets bidding process for oil refiner’s parent. Sale aimed at generating revenue to pay Venezuela’s creditors Jef Feeley, Nicolle Yapur, and Andreina Itriago Acosta DELAWARE/CARACAS EnergiesNet.com 01 03 2025 A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott
- [Pope at Angelus: Safeguard Life and Advocate for Debt Forgiveness (video)](https://energiesnet.com/pope-at-angelus-safeguard-life-and-advocate-for-debt-forgiveness-video/) - Pope at Angelus: Safeguard life to build a civilisation of peace. Thaddeus Jones, Vatican News VATICAN EnergiesNet.com 01 02 2025 Pope Francis led the midday Angelus prayer in a crowded Saint Peter's Square on New Year's Day, reflecting on the "surprise and the joy of Christmas." The Pope recalled today's Gospel that narrates the arrival
- [New Year’s 2025: Celebrations Around the World](https://energiesnet.com/new-years-2025-celebrations-around-the-world/) - By The New York Times NEW YORKEn ergiesNet.com 01 01 2025 In plazas and parks and bars and homes across the globe, people gathered to commemorate the end of 2024 and welcome the New Year. Bold swimmers plunged into a frigid lake in Switzerland, joggers in Poland took one last whimsical run of the year
- [Trump's Venezuela Policy: Factions Compete for Control](https://energiesnet.com/trumps-venezuela-policy-factions-compete-for-control/) - Competing factions seek to shape Trump's Venezuela policy Kate Winston and Mery Mogollon, S&P Global WASHINGTON/CARACAS EnergiesNet.com 12 31 2024 There are several factions hoping to influence President-elect Donald Trump's oil sanctions policy on Venezuela as President Nicolás Maduro clings to power in Caracas, and the shape of US policy could put up to 500,000
- [Carlos Slim's $1B Oil Bet in 2024](https://energiesnet.com/carlos-slims-1b-oil-bet-in-2024/) - Daniel Cancel, Bloomberg News SAO PAULO EnergiesNet.com 12 31 2024 Carlos Slim, Latin America’s richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon. Slim, 84, made his fortune largely by building the telecom behemoth America Movil
- [U.S. Peacemaking President Amid Crises, Jimmy Carter, Dies at 100](https://energiesnet.com/u-s-peacemaking-president-amid-crises-jimmy-carter-dies-at-100/) - Rising from Georgia farmland to the White House, he oversaw the historic Camp David peace accords, but his one-term presidency was waylaid by troubles at home and abroad. Peter Baker and Roy Reed, The New York Times WASHINGTON EnergiesNet.com 12 30 2024 Jimmy Carter, who rose from Georgia farmland to become the 39th president of the United
- [Brazilian Brava Energia Shares Soar on Potential Asset Sales and Oilfield Resumption](https://energiesnet.com/brazilian-brava-energia-shares-soar-on-potential-asset-sales-and-oilfield-resumption/) - Paula Arend Laier and Luciana Novaes Magalhaes, Reuters SAO PAULO EnergiesNet.com 1230 2024 - Shares of Brazilian energy company Brava Energia (BRAV3.SA), opens new tab soared on Friday following the firm's announcement that it is in talks with banks to prepare for potential asset sales. Additionally, the company received approval from the country's oil regulator to resume output at
- [PetroPeru in Emergency After Oil Spill in Pacific Waters at Talara (video)](https://energiesnet.com/petroperu-in-emergency-after-oil-spill-in-pacific-waters-at-talara-video/) - Peru Declares Environmental Emergency After Petro Peru Oil Spill In Pacific Ocean Reporting by Marco Aquino, Reuters LIMA EnergiesNet.com 12 27 2024 Peru's government on Thursday declared an environmental emergency in a northern coastal area, where state oil firm Petroperu last weekend spilled a crude oil shipment into surrounding waters of the Pacific Ocean. A
- [Petrobras's Awards $278M Contract to Build Four Coastal Vessels Locally](https://energiesnet.com/petrobrass-awards-278m-contract-to-build-four-coastal-vessels-locally/) - Reporting by Fabio Teixeira, Reuters RIO EnergiesNet.com 12 27 2024 Brazil's Transpetro, a unit of state-run oil firm Petrobras (PETR4.SA), opens new tab, said on Monday that local shipbuilding firms Ecovix and Mac Laren had won a tender to build four new coastal vessels for $69.5 million per vessel. WHY IT'S IMPORTANT The bid is the
- [Big Oil backtracking on renewables](https://energiesnet.com/big-oil-abandons-renewables-as-climate-goals-falter/) - European majors slow clean energy investments. Investors rewarding oil and gas focus. New Trump U.S. presidency among big factors in 2025. Ron Bousso, Reuters LONDON EnergiesNet.com 12 27 2024 Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate
- [US LNG Export Demand Drops for First Time in 8 Years](https://energiesnet.com/us-lng-export-demand-drops-for-first-time-in-8-years/) - Scott Disavino and Curtis Williams, Reuters NEW YORK/HOUSTON EnergiesNet.com 12 26 20-24 Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago. The U.S. is the world's largest exporter of
- [Ecuador's President Seeks to Retain Power During Campaign](https://energiesnet.com/ecuadors-president-seeks-to-retain-power-during-campaign/) - Stephan Kueffner, Bloomberg News QUITOEnergiesNet.com 12 26 2024 President Daniel Noboa wants to avoid relinquishing power to his estranged deputy ahead of Ecuador’s election campaign in the new year. The 37-year-old leader is under no legal obligation to stand down because he isn’t technically running for reelection, a senior cabinet minister argued after Noboa’s bid
- [Pope Francis calling for talks to end the Ukraine war on Christmas Day (video)](https://energiesnet.com/pope-francis-calling-for-talks-to-end-the-ukraine-war-on-christmas-day-video/) - Joshua McElwee, Reuters VATICAN CITY EnergiesNet.com 12 26 2024 Pope Francis in his Christmas message on Wednesday called for talks between Ukraine and Russia to end the war that followed Moscow's full-scale invasion two years ago and has killed tens of thousands. In his Christmas Day "Urbi et Orbi" (to the city and world) address, Francis mentioned
- [2024 Elections: Democracy in 2025 - Bloodied but Unbowed (video)](https://energiesnet.com/2024-elections-democracy-in-2025-bloodied-but-unbowed-video/) - Mark Bendeich, Reuters LONDON EnergiesNet.com 12 26 2024 Democracy looks bruised but not beaten as it heads into 2025. In a year in which countries representing almost half the world's population called voters to the polls, democracies endured violence and major scares, but also proved resilient. Former U.S. President Donald Trump survived two assassination attempts
- [Iran Oil Tycoon 'Hector' Key in Russia Arms Sales](https://energiesnet.com/iran-oil-tycoon-hector-key-in-russia-arms-sales/) - Ben Bartenstein, Bloomberg News DUBAI EnergiesNet.com 12 26 2024 An Iranian oil tycoon who’s managed to quietly embed himself in the heart of the Western financial system is among a cadre of businessmen handling weapons deliveries across the Caspian Sea to Russia, helping Moscow in its war in Ukraine. Hossein Shamkhani, through a web of
- [Mexico Reclaims Climate Role Amid Challenges at Cop 29](https://energiesnet.com/mexico-reclaims-climate-role-amid-challenges-at-cop-29/) - Edgar Sigler, Argus Media MEXICO CITY EnergiedNet.com 12 24 2024 Mexico's participation at the UN's Cop 29 climate summit marked a departure from its climate disengagement during the previous administration, but the country still faces challenges in delivering its ambitious climate pledges. Under President Claudia Sheinbaum, the country signaled its intent to reassert itself as
- [Trump's Tough Policy Architect Claver-Carone Named Special Envoy to Latin America](https://energiesnet.com/trumps-tough-policy-architect-claver-carone-named-special-envoy-to-latin-america/) - Frances Robles, NYTimes MIAMI EnergiesNet.com 12 24 2024 President-elect Donald J. Trump signaled a return to his first term’s maximum-pressure policies against left-wing regimes on Sunday when he named a longtime foreign policy hawk known for hard-line positions on Cuba to be the special envoy for Latin America. His choice, Mauricio Claver-Carone, 49, is a
- [The Paradox Holding Back the Clean Energy Revolution - Ed Conway/NYTimes](https://energiesnet.com/the-paradox-holding-back-the-clean-energy-revolution-ed-conway-nytimes/) - By Ed Conway With its 1.2 million LED lights shining brightly against the Las Vegas night, the Sphere may well be the ultimate symbol of 2020s excess. But that gigantic entertainment venue — which doubles as the world’s biggest screen — is also something else: a symbol of the coming collision between our climate goals
- [Donald Trump's Energy and Climate Agenda: What to Expect -Lysik and Saiyid / Cipher](https://energiesnet.com/donald-trumps-energy-and-climate-agenda-what-to-expect-lysik-and-saiyid-cipher/) - By Tory Lysik and Amena H. Saiyid Donald Trump has won the U.S. presidential election, injecting uncertainty into and possibly slowing the energy transition, both domestically and around the world. Trump, the GOP nominee and former president, has squarely focused on the United States producing, extracting and processing its own oil, gas and minerals. He
- [PDVSA and Reliance Resume Oil Swap with U.S. Approval](https://energiesnet.com/pdvsa-and-reliance-resume-oil-swap-with-u-s-approval/) - Mariana Parraga, Reuters HOUSTON EnergiesNet.com 12 23 2024 Venezuela's state oil company PDVSA and India's Reliance Industries (RELI.NS), opens new tab have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed. Reliance and other Indian refiners had imported Venezuelan oil earlier
- [Panama's Leader Clashes with Trump Over Canal Control (video)](https://energiesnet.com/panamas-leader-clashes-with-trump-over-canal-control-video/) - Michael McDonald, Josh Wingrove, and Gregory Korte, Bloomberg News WASHINGTON/PANAMA CITY EnergiesNet.com 12 23 2024 Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable. “Every square meter of the Panama Canal and its adjacent zones is part of Panama,
- [Trump Demands Panama Lower Canal Fees or Face Repossession (video)](https://energiesnet.com/trump-demands-panama-lower-canal-fees-or-face-repossession-video/) - Gregory Korte, Bloomberg News WASHINGTON EnergiesNet.com 12 23 2024 President-elect Donald Trump said Saturday that the Panama Canal is charging “exorbitant prices and rates of passage” on US naval and merchant ships, and he demanded that fees be lowered or else Panama should return the canal to the US. “The fees being charged by Panama
- [Beware of Sharkless Waters - Katherine Rundell](https://energiesnet.com/beware-of-sharkless-waters-katherine-rundell/) - Our nightmares may be haunted by circling dorsal fins—but there’s something more sinister happening below the surface of the sea. By Katherine Rundell One of the earliest written accounts of a man being eaten by a shark is also the account of a shark in love. It appears in “History of the Wars,” an eight-book
- [Trump's Tariffs Risk Trade War with Mexico, but Natural Gas Flows Safe - Christopher Lenton / NGI](https://energiesnet.com/trumps-tariffs-risk-trade-war-with-mexico-but-natural-gas-flows-safe-christopher-lenton-ngi/) - Trump's Tariffs Threaten Trade War with Mexico, but Natural Gas Remains Unaffected for Now By Christopher Lenton U.S. President-elect Trump’s social media announcement that he would impose a 25% tariff on all imports from Mexico set off a series of alarm bells in the energy sector across the integrated North American region. Mexican President Claudia
- [Latin America's Political Frustration -Jeremy Adelman and Pablo Pryluka / PS](https://energiesnet.com/latin-americas-political-frustration-jeremy-adelman-and-pablo-pryluka-ps/) - The Politics of Frustration in Latin America By Jeremy Adelman and Pablo Pryluka PRINCETON – All over Latin America, public patience is wearing thin, with violence in Chile and the return to power of Peronists in Argentina. For almost 40 years, leaders and voters have struggled to realign economies with global markets, leavening the adjustment
- [Assad's Final Days: Deception and Betrayal Unveiled - Hubbard, Fassihi, Goldbaum and Saad / NYTimes](https://energiesnet.com/assads-final-days-deception-and-betrayal-unveiled-hubbard-fassihi-goldbaum-and-saad-nytimes/) - President Bashar al-Assad, who wielded fear and force over Syria for more than two decades, fled the country under the cover of night — and a fake political address. Deception and Betrayal: Inside the Final Days of the Assad Regime. By Ben Hubbard, Farnaz Fassihi, Christina Goldbaum and Hwaida Saad.Ben Hubbard, Christina Goldbaum and Hwaida
- [Javier Milei: The Unexpected Success of Argentina's Libertarian Leader - Benjamin N. Gedan/AQ](https://energiesnet.com/javier-milei-the-unexpected-triumph-of-argentinas-libertarian-leader-benjamin-n-gedan-aq/) - A look at why Argentina’s libertarian president has outperformed expectations at the one-year mark, with several challenges ahead. Javier Milei Has Surprised Almost Everybody. By Benjamin N. Gedan Decembers in Argentina are often tense, and not just because of the holidays. In 2001, supermarket riots spilled over into broader street violence, forcing two presidents to
- [Belize's Renewable Energy Goals at Risk](https://energiesnet.com/belizes-renewable-energy-goals-at-risk/) - Just Caribbean Updates Jordi Amaral December 19, 2024 While Belize pushes for environmental conservation and an energy transition, a lack of skilled professionals focused on renewable energy hinders opportunities for change, according to Climate Tracker. Solar energy, in particular, has seen a recent boom, causing prices for solar panels to fall dramatically, but “without qualified technicians,
- [Shell and Petronas Gear Up for Major Offshore Projects in Suriname](https://energiesnet.com/shell-and-petronas-gear-up-for-major-offshore-projects-in-suriname/) - Starr Spencer, Platts S&P Global PANAMARIBO EnergiesNet.com 12 20 2024 Shell said it has applied for permitting approval from Suriname's environmental authorities to drill up to four deepwater exploration wells at offshore Block 65, as a marine vessel separately mobilizes to shoot seismic for Malaysia's Petronas, sources said this week. Shell will reportedly drill the
- [Venezuela's Political Asylees: Diplomatic Negotiations Heat Up](https://energiesnet.com/venezuelas-political-asylees-diplomatic-negotiations-heat-up/) - Latin America Daily Briefing December 19, 2024 Jordana Timerman Colombia has offered to take custody of Argentina’s Embassy in Caracas, where six of opposition leader María Corina Machado’s aides have been sheltered since March, reports the Buenos Aires Times. Foreign Minister Luis Gilberto Murillo said Venezuela’s government has demanded Argentina release a person close to the
- [Bolivia's Gas Exports Halve, Economic Crisis Deepens](https://energiesnet.com/bolivias-gas-exports-halve-economic-crisis-deepens/) - Monica Machicao, Reuters LA PAZ EnergiesNet.com 12 19 2024 Housewife Yola Chura worried about high food prices while shopping at a market in Bolivia's highland city of El Alto, where she and many others are struggling with rising prices, stagnant wages and a scarcity of dollars that has put the long-stable Andean economy on edge.
- [US Troops Can Be Stationed in Trinidad and Tobago Amid Maduro Pressure](https://energiesnet.com/us-troops-can-be-stationed-in-trinidad-and-tobago-amid-maduro-pressure/) - Sharlene Rampersad, Trinidad NewsDay PORT SPAIN EnergiesNet.com 12 19 2024 NATIONAL Security Minister Fitzgerald Hinds signed off on five agreements with the US on December 10, two of which can allow the US Department of Defense (DoD) to deploy forces to Trinidad and Tobago in the event of a "conflict" in Venezuela. In a statement
- [Exxon Fights to Retain Rights in Hess-Chevron Deal](https://energiesnet.com/exxon-fights-to-retain-rights-in-hess-chevron-deal/) - Reporting by Gary McWilliams, Reuters HOUSTON EnergiesNet.com 12 18 2024 Exxon Mobil (XOM.N), opens new tab wants to preserve its right of first refusal in Hess Corp's sale of its Guyana oil production assets because of the work it has put into developing the country's offshore fields, two of its top executives said on Wednesday. A three-person
- [Talos Energy Ends Poison Pill Defense After Deal with Carlos Slim](https://energiesnet.com/talos-energy-ends-poison-defense-pill-after-deal-with-carlos-slim/) - Reuters MEXICO CITY EnergiesNet.com 12 18 2024 Talos Energy (TALO.N), said on Tuesday it would terminate its so-called poison pill after it reached an agreement with Mexican billionaire Carlos Slim's investment firm that it would not exceed a threshold of 25% ownership in the oil and gas firm. In October, the company had adopted the shareholders rights plan after
- [Judge Stark Reopens Citgo Data Room for Fresh Bids](https://energiesnet.com/judge-stark-reopens-citgo-data-room-for-fresh-bids/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 12 17 2024 A U.S. judge overseeing an auction of shares in the parent of Venezuela-owned Citgo Petroleum on Monday agreed to reopen a data room to allow potential buyers to prepare new bids, a court document showed. Judge Leonard Stark ordered the data room to be opened on Wednesday
- [Suriname's Oil Royalties Set to Revolutionize Tax Sector](https://energiesnet.com/surinames-oil-royalties-set-to-revolutionize-tax-sector/) - Denis Chabrol, Bloomberg News GEORGETOWN EnergiesNet.com 12 17 2024 Suriname’s Finance Minister Stanley Raghoebarsing said the government will pay oil royalties only to residents who have registered in the tax system as a way to reduce segments of the economy that aren’t taxed or subject to regulations. “To be eligible, one must be known and
- [Citgo Petroleum's Earnings Take a Hit Amid Declining Refining Margins](https://energiesnet.com/citgo-petroleums-earnings-take-a-hit-amid-declining-refining-margins/) - Reuters HOUSTON EnergiesNet.com 11 15 2024 Venezuela-owned Citgo Petroleum joined other refiners in posting a sharp drop in third-quarter profit on Thursday, weighed down by a fall in refining margins. Global oil refiners have seen their profit retreat this year from the post-pandemic peaks, largely due to a demand slowdown, especially in China. In the
- [Xi Jinping Inaugurates Mega Chinese-Funded Port in Peru (video)](https://energiesnet.com/xi-jinping-inaugurates-mega-chinese-funded-port-in-peru-video/) - Eduardo Baptista, Marco Aquino and Lucinda Elliott, Reuters LIMA EnergiesNet.com 11 15 2024 Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on the continent. With China's demand
- [Argentina targets Brazil for gas export growth, first by pipeline, then LNG](https://energiesnet.com/site-under-maintenance-please-visit-our-spanish-version/) - Charles Newbery, Platts S&P Global BUENOS AIRES EnergiesNet.com 11 21 2024 Argentina's natural gas industry expects to start exporting supplies to Brazil as soon as December following the signing of a memorandum of understanding for the trade by both countries, experts said Nov. 19. "I think that the exports are going to start this summer,"
- [Colombia's Energy Chief Accelerates Offshore Gas Production](https://energiesnet.com/colombias-energy-chief-accelerates-offshore-gas-production/) - Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 12 14 2024 Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years. State-run Ecopetrol SA and Petroleo Brasileiro SA announced this month the Sirius-2 well off the Caribbean coast
- [Cuba's Fuel Crisis Deepens Amidst Worsening Energy Woes](https://energiesnet.com/cubas-fuel-crisis-deepens-amidst-worsening-energy-woes/) - Reporting by Dave Sherwood and Nelson Acosta, Reuters HAVANA EnergiesN et.com 12 14 2024 Cubans still reeling from months of hours-long blackouts now have a new problem on their hands: fuel shortages. Many gas stations across the island have been shuttered for days as an unusually severe shortfall has left the nation nearly devoid of
- [Caribbean Updates: Blue Finance initiatives across Caribbean islands](https://energiesnet.com/caribbean-updates-blue-finance-initiatives-across-caribbean-islands/) - Just Caribbean Updates The Coalition for Fair Fisheries Arrangements (CFFA) published an interview with Arinç Onat Kiliç, the author of a recent paper on the effects of Seychelles Blue Bond, in particular on the local fisheries sector. Blue bonds, an innovative way for countries to finance blue economy activities, represents a climate financing solution to help countries
- [Caribbean Updates:  Threat of tropical depression in western Caribbean sea](https://energiesnet.com/caribbean-updates-threat-of-tropical-depression-in-western-caribbean-sea/) - Just Caribbean Updates As the Caribbean hurricane season hits its peak, the U.S. National Hurricane Center is monitoring three separate tropical waves in the Atlantic, including one in the Caribbean region. According to Loop News, the tropical wave is “causing disorganized showers and thunderstorms over Hispaniola and parts of the central Caribbean.” Per reporting on Tuesday,
- [Caribbean Updates: UN-led security mission in Haiti won’t solve all problems, warns Holness](https://energiesnet.com/caribbean-updates-un-led-security-mission-in-haiti-wont-solve-all-problems-warns-holness/) - Just Caribbean Updates Arianna Kohan/Jordi Amaral, Just Caribbean Updates Sept. 11, 2024 Prime Minister Andrew Holness announced Jamaica would send 24 military and police personnel to Haiti as part of the Multinational Security Support mission, on Tuesday, Sept. 10. The personnel, which are expected to arrive in Haiti as early as Thursday the 12th, will
- [Caribbean Updates: Martinique protests incur anti-riot police](https://energiesnet.com/caribbean-updates-martinique-protests-incur-anti-riot-police/) - Just Caribbean Updates Arianna Kohan and Jordi Amaral , Just Caribbean Updates September 25, 2024 As a result of escalating violence during protests over the high cost of living, Martinique officials have imposed a curfew from 9:00 pm to 5:00 am, reports the Guardian. The curfew, which is to be implemented in parts of the capital
- [The Cuba Energy 2024 Conference has been rescheduled to 2025, likely in April](https://energiesnet.com/the-cuba-energy-2024-conference-has-been-rescheduled-to-2025-likely-in-april/) - EnergiesNet.com 25 11 2024
- [Exxon Withdraws From Offshore Suriname Oil-Exploration Block](https://energiesnet.com/exxon-withdraws-from-offshore-suriname-oil-exploration-block/) - Kevin Crowley, Bloomberg News HOUSTON EnergiesNet.com 11 21 2024 Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese waters. Exxon will transfer its 50% stake in the block to Malaysia’s Petronas, the operator of the project and owner
- [Mexico Simplifies Tax Regime, Avoids Market Tap to Address Pemex Debt](https://energiesnet.com/mexico-simplifies-tax-regime-avoids-market-tap-to-address-pemex-debt/) - Maya Averbuch and Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 11 14 2024 Mexico is looking to address Petroleos Mexicanos’ nearly $100 billion debt load without having the company turn to capital markets in the short term. President Claudia Sheinbaum’s administration is “designing mechanisms to address Pemex’s debt commitments without going to debt markets,” Deputy
- [Rubio's Appointment Could Harden Oil Sanctions on Iran and Venezuela Under Trump (video)](https://energiesnet.com/rubios-appointment-could-harden-oil-sanctions-on-iran-and-venezuela-under-trump-video/) - Timothy Gardner and Vivian Sequera, Reuters WASHINGTON/CARACAS EnergiesdNet.com 11 14 2024 President-elect Donald Trump's pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela but concerns about retaliation by China could temper any efforts, analysts said on Wednesday. Rubio, a longtime member of the Senate Foreign
- [Drought Derails Colombia’s Fossil Fuel Exit](https://energiesnet.com/drought-derails-colombias-fossil-fuel-exit/) - Andrea Jaramill, Bloomberg News BOGOTA EnergiesNet.com 10 31 2024 Dry weather is forcing Colombia, which has one of the world’s most aggressive climate plans, to burn more fossil fuel. Colombia’s electrical system is vulnerable to drought because roughly two-thirds of the nation’s power comes from hydro. But after months of parched conditions, the Andean nation’s
- [Pemex’s Star Refinery: From Crown Jewel to Fuel-less Flounder](https://energiesnet.com/pemexs-star-refinery-from-crown-jewel-to-fuel-less-flounder/) - Lucia Kassai, Bloomberg News HOUSTON EnergiesNet.com 10 31 2024 Production at Petroleos Mexicanos’s new and largest refinery came to a sudden halt in September, threatening the country’s pledge to cut imports of gasoline and diesel. The Olmeca refinery processed no crude oil in September, according to company data compiled by Bloomberg. The outage weighed down
- [Puerto Rico: Between Crisis and Opportunity, an Issue in the US Presidential Election](https://energiesnet.com/puerto-rico-between-crisis-and-opportunity-an-issue-in-the-us-presidential-election/) - María Paula Mijares Torres, Bloomberg News NEW YORK EnergiesNet.com 10 31 2024 As the candidates for the US presidency work to win over the last undecided voters ahead of a Nov. 5 election that polls suggest will be especially close, one constituency they’ve zeroed in on is Latinos, who make up about 15% of eligible
- [How do Harris and Trump differ on energy policy ?](https://energiesnet.com/how-do-harris-and-trump-differ-on-energy-policy/) - Writing by Richard Valdmanis and Timothy Gardner, Reuters BOSDTON/WASHINGTON EnergiesNet.com 10 31 2024 Republican Donald Trump and Democrat Kamala Harris have a couple of things in common on the issue of U.S. energy policy: both say they want to expand production and keep prices down for consumers. The core difference is that Harris says she
- [Mexico Opens to Private Investment: Oil, Gas, and Power Under Sheinbaum and Pemex](https://energiesnet.com/mexico-abre-las-puertas-a-la-inversion-privada-en-energia-crudo-gas-y-generacion-electrica-bajo-el-liderazgo-de-sheinbaum-y-pemex/) - Sheky Espejo, Platts S&P Global MEXICO CITY EnergiesNet.com 10 31 2024 Highlights Private investment welcomed in exploration, production, and power generation New rules for private sector participation with Pemex coming soon Government working on new fiscal regime for Pemex growth and revenue protection Mexico will welcome private investment in exploration and production of crude and
- [Efforts to Boost LNG Shipments Through Panama Canal After 65% Drop](https://energiesnet.com/efforts-to-boost-lng-shipments-through-panama-canal-after-65-drop/) - Marianna Parraga, Elida Moreno and Curtis Williams, Reuters PANAMA CITY/HOUSTON EnergiesNet.com 10 30 2024 The Panama Canal aims to regain vessel traffic carrying U.S. liquefied natural gas to Asia as demand in that market rises and a new reservation system allows shippers to lock in slots, following a 65% decline in the transit of its
- [Deepening Losses at Pemex Spell Trouble for New CEO Rodriguez](https://energiesnet.com/deepening-losses-at-pemex-spell-trouble-for-new-ceo-rodriguez/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 10 30 2024 Petroleos Mexicanos’ loss doubled in the third quarter amid slumping sales, currency fluctuations and other factors, a negative sign for Mexican President Claudia Sheinbaum’s hand-picked executive leadership team. Pemex’s loss widened to 161.3 billion pesos ($8.1 billion) from 79.1 billion a year earlier, the company
- [Pemex’s New CEO: Tackling Waste and Cash Bleed in One Very Inefficient Oil Giant](https://energiesnet.com/pemexs-new-ceo-tackling-waste-and-cash-bleed-in-one-of-the-worlds-most-inefficient-oil-giants/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 10 29 2024 National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers. The amount of crude Pemex pumps per employee has slipped to just under 14
- [Mexican Oil Shipment En Route to Crisis-Hit Cuba](https://energiesnet.com/mexican-oil-shipment-en-route-to-crisis-hit-cuba/) - Marianna Parraga and Adriana Barrera, Reuters HOUSTON/MEXICO CITY EnergiesNet.com 10 29 2024 A tanker carrying about 400,000 barrels of oil departed from Mexico's Pajaritos port and was on Monday en route to Cuba, where an acute energy crisis has left the island struggling to keep the lights on, shipping data showed. Cuba kept schools closed
- [Cuba Energy Summit 2024: A Gateway to Investment and Innovation in Cuba's Energy Sector](https://energiesnet.com/cuba-energy-summit-2024-a-gateway-to-investment-and-innovation-in-cubas-energy-sector/) - IN-VR HAVANA EnergiesNwet.com 10 29 2024 “Cuba Energy Summit 2024: Pioneering Investment and Innovation” Cuba is set to host the Cuba Energy Summit 2024 from 4th to 6th December in Havana, a landmark event designed to connect energy investors with key stakeholders in the region. Organised in collaboration with the Ministry of Energy and Mines
- [Vista Energy Fast-Tracks to 100,000,    Turbocharging Argentina’s Shale Revolution](https://energiesnet.com/vista-energy-fast-tracks-to-100000-turbocharging-argentinas-shale-revolution/) - Reporting by Eliana Raszewski, Reuters BUENOS AIRES EnergiesNet.com 10 28 2024 v Vista Energy expects to pump 100,000 barrels of oil equivalent per day next year, a goal originally planned for 2026, its chief executive said on Thursday, as the company bets on more output from one of the world's top shale formations. The company,
- [Venezuela Eyes Strategic Energy Alliance with India Amid VP’s Delhi Visit](https://energiesnet.com/venezuela-eyes-strategic-energy-alliance-with-india-amid-vps-delhi-visit/) - Andreina Itriago Acosta, Bloomberg News CARACASEnergiesNet.com 10 28 2024 Venezuela’s Vice President Delcy Rodríguez said she met with Indian energy officials on Friday to explore new oil and gas partnerships between both countries. Rodríguez met with India’s Oil Minister Hardeep Puri and executives from companies including Reliance, the nation’s largest privately owned refiner, during a
- [Pemex Crude Output Plummets to Historic Low in September](https://energiesnet.com/pemex-crude-output-plummets-to-historic-low-in-september/) - Sheky Espejo, Platts S&P Global MEXICO CITY EnergioesNet.com 10 25 2024 Crude production by Mexico's state oil company Pemex fell to a new multidecade low in September, the last month under the administration of former President Andres Manuel López Obrador, who invested roughly $50 billion into the company to keep it afloat during his six-year
- [US Unmasks Venezuelan Media Titan in Jaw-Dropping $1.2 Billion PDVSA Money-Laundering Plot](https://energiesnet.com/us-unmasks-venezuelan-media-titan-in-jaw-dropping-1-2-billion-pdvsa-money-laundering-plot/) - Carla Bass, Argus Media HOUSTON EnergiesNews 10 25 2024 A US federal grand jury has indicted a fugitive Venezuelan television news network owner for allegedly participating in a scheme to launder $1.2bn in funds from Venezuelan state-owned oil company PDVSA Raul Gorrin, 56, and his co-conspirators allegedly paid millions of dollars in bribes to high-level
- [Brazil Tops Malaysia as China’s Main Source of Venezuelan Crude](https://energiesnet.com/brazil-tops-malaysia-as-chinas-main-source-of-venezuelan-crude/) - Ribhu Ranjan, Platts S&P Global NEW YORK EnergiesNet.com 10 24 2024 Brazil has displaced Malaysia to handle the majority of the bitumen blend supplies to China in September, dampening the Southeast Asian country's role in sending Venezuelan heavy crudes to the Far East, according to market sources and the latest data from China's General Administration
- [Petrobras Targets 1 Million BPD Output from Tupi Oilfield by 2027](https://energiesnet.com/petrobras-targets-1-million-bpd-output-from-tupi-oilfield-by-2027/) - Reporting by Rodrigo Viga Gaier, Reuters RIO EnergiesNet.com 10 24 2024 Brazil state-run firm Petrobras (PETR4.SA), plans to bring oil production at its Tupi oil field back to 1 million barrels per day by 2027 as it plans new investments in the asset, its director for exploration and production said on Thursday. Located in deep waters
- [Vaca Muerta’s Drilling Blitz: Argentina’s Energy Revolution](https://energiesnet.com/vaca-muertas-drilling-blitz-argentinas-energy-revolution/) - Alexander Villegas and Eliana Raszewski, Reuters ANELO, Argentina EnergiesNet.com 10 23 2024 ANELO, Argentina, Oct 23 (Reuters) - Argentina's new market-friendly government and fears about oil supply from the Middle East and elsewhere are driving a drilling and production boom in Argentina's Patagonian south, home to the giant Vaca Muerta shale formation, Spanish for "Dead
- [Creditors Challenge Elliott’s Bid in Citgo Auction, Call for Competing Offers](https://energiesnet.com/creditors-challenge-elliotts-bid-in-citgo-auction-call-for-competing-offers/) - Gary Mcwilliams and Marianna Parraga, Reuters HOUSTON EnergiesNet.com 10 23 2024 Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund's low-ball bid, the company's creditors said in new court filings against the deal. The backlash to
- [Venezuela’s Former Oil Minister Arrested Amid Government Crackdown](https://energiesnet.com/venezuelas-former-oil-minister-arrested-amid-government-crackdown/) - Bloomberg News CARACAS EnergiesNet.com 10 22 2024 Venezuela detained former Oil Minister Pedro Tellechea over the weekend as part of an internal purge at the state oil company after President Nicolás Maduro’s disputed reelection. Tellechea, a technocrat from the petrochemical sector, served as oil minister until Aug. 27, when he was replaced by Vice President
- [Latin America Socialists Governments Welcomes Business Amid Their Struggles](https://energiesnet.com/latin-america-socialists-governments-welcomes-business-amid-their-struggles/) - Peter Millard, Manuela Tobias, and Robert Jameson, Bloomberg News RIO/BUENOS AIRES EnergiesNet.com 10 22 2024 Fears over crime and a failure to keep promises of social reform are starting to take down some of Latin America’s leftist leaders, making room for the return of more business-friendly governments in the region. In Colombia, the country’s first leftist president, Gustavo Petro,
- [Pemex Slows Spending to Save Over $1 Billion, Document Shows](https://energiesnet.com/pemex-slows-spending-to-save-over-1-billion-document-shows/) - Adriana Barrera, Reuters MEXICO CITY EnergiesNet.com 10 21 2024 Mexican state oil company Pemex (PEMX.UL) will curb the activity of its exploration and production arm in the last quarter of the year as it seeks to save up to 26.8 billion pesos ($1.35 billion), an internal document showed on Friday. In deferring spending at PEP,
- [Cuba Grid Collapses Again, Tropical Storm Oscar Grazes Eastern End of Island (video)](https://energiesnet.com/cuba-grid-collapses-again-tropical-storm-oscar-grazes-eastern-end-of-island-video/) - Dave Sherwood, Reuters HAVANA EnergiesNet.com 10 21 2024 Cuba's electrical grid collapsed again on Sunday, the fourth such failure in 48 hours, raising fresh doubts about a quick fix on an island already suffering from severe shortages of food, fuel and medicine. The blackout, after weeks of rolling outages, sparked some small protests around the
- [Millions of Cubans Lose Power After National Grid Fails, Schools, Commerce and Industry Shut Down](https://energiesnet.com/millions-of-cubans-lose-power-after-national-grid-fails/) - Dave Sherwood and Marianna Parraga, Reuters HAVANA EnergiesNet.com 10 18 2024 Cuba plunged into a countrywide blackout on Friday after one of the island's major power plants failed and caused the national electrical grid to shut down, its energy ministry said. The Communist-run government had already closed schools and non-essential industry and sent most state
- [Mexico Investors Back Energy Reform Bill to Boost State Control of Pemex](https://energiesnet.com/mexico-investors-back-energy-reform-bill-to-boost-state-control-of-pemex/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 10 18 2024 Investors in Mexico’s state oil company Petroleos Mexicanos are cheering an energy reform bill that will grant the government more control over the energy sector and make the financially strapped oil company’s bonds more akin to sovereign debt. The bill, approved overnight by which Mexico’s
- [Mexico is Set to Review Public-Private Partnerships in Energy, Says Barcenas](https://energiesnet.com/mexico-is-set-to-review-public-private-partnerships-in-energy-says-barcenas/) - Augusta Saraiva and Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNet.com 10 17 2024 President Claudia Sheinbaum seeks to remove unfair advantages given to private energy companies operating in partnership with public entities in Mexico, although she counts on private capital to achieve her ambitious renewable energy goals, according to a top government official. “The president is very
- [MCM Called on Oil Transnationals to Stop Operating in Venezuela “Under a Regime That Is Corrupt and Criminal”](https://energiesnet.com/mcm-called-on-oil-transnationals-to-stop-operating-in-venezuela-under-a-regime-that-is-corrupt-and-criminal/) - AFP CARACAS Energiesnet.com 10 17 2024 Venezuelan opposition leader Maria Corina Machado called on Tuesday on oil companies to disassociate themselves from Maduro's “criminal” regime in Venezuela. "Aregime a" regime that is corrupt and criminal”. Venezuela' s oil industry has been under sanctions since 2019 but Washington grants individual licenses to operate in the country
- [ConocoPhillips Seeks to Keep Priority as Creditor in PDVSA Citgo Auction](https://energiesnet.com/conocophillips-seeks-to-keep-priority-as-creditor-in-pdvsa-citgo-auction/) - Reporting by Marianna Parraga, Reuters HOUSTON EnergiesNet.com 10 16 2024 ConocoPhillips (COP.N), has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company. Citgo is the only asset of PDV Holding, which a U.S. district
- [Claudia Sheinbaum Unveils $20 Billion in Mexico Projects Led by Amazon, Woodside](https://energiesnet.com/claudia-sheinbaum-unveils-20-billion-in-mexico-projects-led-by-amazon-woodside/) - Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNet.com 10 16 2024 Companies including Amazon.com Inc. and Woodside Energy Group Ltd. announced projects in Mexico totaling about $20 billion, a victory for President Claudia Sheinbaum as she seeks to attract investment from wary business leaders. Economy Minister Marcelo Ebrard said Woodside plans to invest $10.4 billion to
- [Colombia and Ecuador in constant fight to save vital wetlands amid drought - (video)](https://energiesnet.com/colombia-and-ecuador-fight-to-save-vital-wetlands-amid-drought-video/) - Oliver Griffin and Alexandra Valencia, Reuters GUATAVITA, Colombia/PALUGUILLO, Ecuador EnergiesNet.com 10 15 2024 Rural communities in the Andes of Colombia and Ecuador are fighting to protect fragile high-altitude wetlands that regulate the area's water cycles, as sharp water and energy rationing hit both nations. Colombia and Ecuador -- both largely dependent on hydroelectric dams for
- [Petrobras Aims to Squeeze Maximum Oil Output From Current Fields](https://energiesnet.com/petrobras-aims-to-squeeze-maximum-oil-output-from-current-fields/) - Mariana Durao, Bloomberg.com RIO EnergiesNet.com 10 15 2024 Petrobras is pushing to extract as much oil as possible from its existing fields in Brazil while simultaneously hunting for new reserves to prevent production from starting to decline in the 2030s. The mantra “all the oil counts” will guide the company’s next strategic plan that will
- [Data compiled by BloombergNEF shows increasing competition for power purchase agreements](https://energiesnet.com/data-compiled-by-bloombergnef-shows-increasing-competition-for-power-purchase-agreements/) - EnmergiesNet CRACAS EnergiesNet.com 10 14 2024 Materials companies — including miners, metals manufacturers and chemical producers — are becoming big buyers of clean electricity. Data compiled by BloombergNEF shows increasing competition for power purchase agreements, where businesses lock in supplies from renewable sources in order to reduce emissions. While technology firms such as Meta Platforms
- [India looks to tap Brazil in push toward crude diversification, equity oil](https://energiesnet.com/india-looks-to-tap-brazil-in-push-toward-crude-diversification-equity-oil/) - Sambit Mohanty, Platts S&P Global SINGAPORE EnergiesNet.com 10 14 2024 India has intensified efforts to expand crude oil purchases from Brazil amid escalating Middle East tensions, but analysts and sources said plentiful availability of discounted Russian crude and logistical hurdles could pose challenges in boosting purchases from the South American supplier. Indian petroleum minister Hardeep
- [Ecuador in Darkness with a Power Crisis That Punishes Economy](https://energiesnet.com/ecuador-in-darkness-with-a-power-crisis-that-punishes-economy/) - Stephan Kueffner, Bloomberg News QUITO EnergiesNet.com 10 14 2024 Life without electricity is wearing on Ecuadorians, punishing their already frail economy and raising questions about the political future. Daily blackouts stretch for 10 hours at a time, and they could get worse in the coming months as a dry spell further tests the country’s reliance
- [Mexico's Sheinbaum Takes First Step to Expand Federal Control Over Energy](https://energiesnet.com/mexicos-sheinbaum-takes-first-step-to-expand-federal-control-over-energy/) - Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNet.com 11 10 2024 Mexican lawmakers took the first step toward granting President Claudia Sheinbaum’s administration more control over state oil firm Petroleos Mexicanos and electricity utility Comision Federal de Electricidad. The general text of the bill was passed late on Wednesday by the ruling coalition’s supermajority in the
- [Conoco Gets US Licenses in Bid to Recoup Venezuela Debt](https://energiesnet.com/conoco-gets-us-licenses-in-bid-to-recoup-venezuela-debt/) - Eric Martin and Mitchell Ferman, Bloomberg News WASHINGTON/HOUSTON EnbergiesNet.com 10 11 2024 ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela after the country seized and nationalized its
- [India’s Jindal Abandons Joint Oil Venture With PDVSA](https://energiesnet.com/indias-jindal-abandons-joint-oil-venture-with-pdvsa/) - Bloomberg News CARACAS EnergiesNet.com 10 10 2024 Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter. India’s Jindal is exiting the deal under which it would have overseen one of Petroleos de Venezuela’s key installations for
- [Updates: Hurricane Milton hit Florida with heavy wind and rain, moving offshore eastern Florida](https://energiesnet.com/updates-hurricane-milton-hit-florida-with-heavy-wind-and-rain-moving-offshore-eastern-florida/) - Bloombers News MIAMI EnergiesNet.com 10 10 2024 For the reinsurance industry, Milton may prove to have been something of a lucky escape, Bloomberg Intelligence insurance analyst Charles Graham says. The reduction in storm intensity to Category 3 as the hurricane made landfall may have significantly reduced the scale of insured losses from wind damage. Claims could
- [Mexico Congress Will Debate Energy Reform in Claudia Sheinbaum’s First Week](https://energiesnet.com/mexico-congress-will-debate-energy-reform-in-claudia-sheinbaums-first-week/) - lex Vasquez and Valentine Hilaire, Bloomberg News MEXICO CITY EnergiesNet.com 09 30 2024 Mexico’s Lower House plans to spend the first few days of Claudia Sheinbaum’s administration next week discussing an energy reform proposed by President Andres Manuel Lopez Obrador, according to remarks by Ricardo Monreal, leader of the ruling Morena party in the chamber, in a
- [Russia’s Use of Blacklisted Tankers to Move Oil Accelerates](https://energiesnet.com/russias-use-of-blacklisted-tankers-to-move-oil-accelerates-julian-lee/) - Julian Lee, Bloomberg LONDON EnergiesNet.com 09 30 2024 A growing number oil tankers that were sanctioned for their role in transporting Russian petroleum are finding work again — a blow to western authorities who sought to clamp down on the vessels in an effort to hurt Moscow’s access to petrodollars. Since late April, at least
- [Hess Corp. CEO’s OPEC Communication Disqualifies Him From Chevron Board, FTC Says](https://energiesnet.com/hess-corp-ceos-opec-communication-disqualifies-him-from-chevron-board-ftc-says/) - Kevin Crowley and Leah Nylen, Bloomberg News HOUSTON/WASHINGTON EnergiesNet.com 10 01 2024 The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC. The Federal Trade Commission said in a
- [Mexico's first LNG cargo for export set sail for Europe (video)](https://energiesnet.com/mexicos-first-lng-cargo-for-export-set-sail-for-europe-video/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 10 01 2024 New Fortress Energy (NFE.O), said the U.S. energy infrastructure company shipped the first export of liquefied natural gas from Mexico on Monday, following the delayed start-up of its $1 billion floating facility in the Gulf of Mexico. New Fortress in early August completed preproduction at the first train of its
- [Claudia Sheinbaum Takes Over Mexico, Renewables to Be 45% by 2030 (video)](https://energiesnet.com/claudia-sheinbaum-takes-over-mexico-renewables-to-be-45-by-2030-video/) - Maya Averbuch and Alex Vasquez, Bloomberg NewsMEXICO CITY EnergiesNet.com 10 02 2024 “I am a mother, grandmother, scientist and a woman of faith, and as of today, by the will of the people of Mexico, the constitutional president of the United Mexican States,” Sheinbaum said in her inaugural address. “I will not let you down. I call
- [Latam Weekly Brief: Tiempo de Mujeres](https://energiesnet.com/latam-weekly-brief-tiempo-de-mujeres/) - Latin America Daily Briefing October 1, 2024 Jordana Timerman Claudia Sheinbaum became Mexico’s first female president today, inheriting the mantle from her political mentor, former President Andrés Manuel López Obrador, who bequeaths her his “Fourth Transformation.” Sheinbaum shared her government’s logo yesterday an image that seeks to recognize generations of “women who have been rendered
- [Citgo share auction creditors oppose terms of Amber Energy, Elliott-affiliate's bid](https://energiesnet.com/citgo-share-auction-creditors-oppose-terms-of-amber-energy-elliott-affiliates-bid/) - Marianna Parraga and Gary Macwilliams, Reuters HOUSTON EnergiesNet.com 10 02 2024 Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for Venezuela's debt defaults and expropriations on Tuesday widely criticized terms of a conditional offer selected in the second bidding round. An Elliott Investment Management
- [How Maduro retains power after losing the Venezuelan election by a landslide](https://energiesnet.com/how-maduro-retains-power-after-losing-the-venezuelan-election-by-a-landslide/) - Bloomberg News CARACAS EnergiesNet.com 10 03 2024 While both friends and foes challenge the legitimacy of his claim to have won a new term in office in July, Venezuelan President Nicolás Maduro is using a variety of measures to stay in power. Maduro’s government has arrested opposition leaders, apprehended thousands who protested his claim to
- [Argentina Looks for Private Investments in a Power Lines Network](https://energiesnet.com/argentina-looks-for-private-investments-in-a-power-line-network/) - Jonathan Gilbert, Bloomberg News BUENS AIRES EnergiesNet.com 10 03 2024 Argentina is rushing to put together a “market solution” to build out its national network of high-voltage power lines, a severely neglected part of the grid that’s long capped growth in electricity generation. Increases in Argentina’s power consumption in recent years have outpaced expansions in
- [Venezuela's Oil Exports Down 9% in September Amid Blackouts, Outages](https://energiesnet.com/venezuelas-sept-oil-exports-fall-9-amid-blackouts-equipment-outages/) - Marianna Parraga and Mircely Guanipa, Reuters CARACASEnergiesNet.com 10 04 2024 Venezuela's exports of crude oil and fuel declined almost 9% last month following two large power blackouts and equipment outages at state energy company PDVSA's crude upgraders, according to ship monitoring data and documents. The OPEC-member's oil output and exports have recovered somewhat from very
- [Ecopetrol-Petrobras New Gas Discovery Could Meet 80% of Colombia Demand](https://energiesnet.com/ecopetrol-petrobras-new-gas-discovery-could-meet-80-of-colombia-demand/) - Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 10 04 2024 Colombia’s Ecopetrol SA discovered an offshore natural gas deposit that could potentially produce up to 800 million cubic feet of gas a day, according to Chief Executive Officer Ricardo Roa. The discovery in the Papayuela well in the nation’s Caribbean waters is in early stages and
- [Sheinbaum targets $40bn Mexico's energy transition plan](https://energiesnet.com/sheinbaum-targets-40bn-mexicos-energy-transition-plan/) - Edgar Sigler, Argus Media MEXICO CITY Energies|Net.com 10 07 2024 The ambition of Mexico's new President Claudia Sheunbaum to reach 45pc of renewable generation in the electricity mix by 2030 will include an investment plan of $35bn-40bn, sources familiar with the matter said. Sheinbaum announced a more ambitious goal for renewables and promised to launch an energy transition
- [Petrobras Poised to Revive Tupi Field that Made Brazil an Oil Giant](https://energiesnet.com/petrobras-poised-to-revive-tupi-field-that-made-brazil-an-oil-giant/) - Mariana Durao, Bloomberg News RIO EnergiesNet.com 10 07 2024 Brazil’s state-controlled oil company is nearing a deal with government regulators allowing it to move forward with plans to redevelop a massive deep-water field that could reinvigorate the nation’s stalled output. Petroleo Brasileiro SA expects to resolve a long-running tax dispute with the Brazilian National Agency
- [Ecopetrol Launches $1.75 Billion Bond Deal to Fund Buyback](https://energiesnet.com/ecopetrol-launches-1-75-billion-bond-deal-to-fund-buyback/) - Andrea Jaramillo, Bloomberg News BOGOTAEnergiesNet.com 10 09 2024 Colombia’s state oil company launched a $1.75 billion deal on international debt markets while moving to buy back bonds for the second time this year. Ecopetrol SA is selling dollar notes due in about seven years to help fund the repurchase of existing bonds maturing in 2026
- [Mexico Private Investment needed in Energy, Marcelo Ebrard Economy Minister Says (video)](https://energiesnet.com/mexico-private-investment-needed-in-energy-marcelo-brand-economy-minister-says-video/) - David Westin and Maya Averbuch, Bloomberg News MEXICO CITY EnergiesNet.com 10 09 2024 Mexico’s new president plans to lay out clear rules for private investment in the power sector, a top cabinet official said, acknowledging that the state has insufficient resources to expand renewable energy use and address electricity supply and distribution problems. Claudia Sheinbaum is expected
- [The U.S. wants to triple nuclear power by 2050. Coal could provide a pathway - S. Kimball y G. Cortés](https://energiesnet.com/the-u-s-wants-to-triple-nuclear-power-by-2050-coal-could-provide-a-pathway-s-kimball-y-g-cortes/) - By The planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants to keep up with rising electricity demand, one of the nation’s top nuclear officials said this week. The U.S. needs to at least triple its nuclear fleet to keep pace with demand,
- [Hurricane Milton Explodes to Category 5 on a Path Toward Florida](https://energiesnet.com/hurricane-milton-explodes-to-category-5-on-a-path-toward-florida/) - Brian K. Sullivan, Bloomberg News BOSTON EnergiesNet.com 01 07 2024 Milton strengthened into a catastrophic Category 5 hurricane as it bears down on Florida’s west coast, where residents have begun to flee inland in a region still recovering from Helene’s devastation. Milton’s top winds have reached 160 miles (257 kilometers) per hour, up from 90
- [Elliott’s PDVSA Citgo Bid Sets Up Venezuela Investors for Rare Win](https://energiesnet.com/elliotts-pdvsa-citgo-bid-sets-up-venezuela-investors-for-rare-win/) - Nicolle Yapur and Maria Elena Vizcaino, Bloomberg News CARACAS/NEW YORK EnergiesNet.com 10 08 2024c Venezuela’s state oil company hasn’t paid bondholders a dime in the last five years. Yet, investors who’ve held on to one particular security are getting ready for a massive payoff. The Petroleos de Venezuela SA bond that matured in 2020 has
- [Turkey, Brazil are Top Buyers of Russian Seaborne Diesel After EU Embargo](https://energiesnet.com/turkey-brazil-are-top-buyers-of-russian-seaborne-diesel-after-eu-embargo/) - Editing by Emelia Sithole-Matarise, Reutyers MOSCOW Energiesnet.com 10 08 2024 Turkey and Brazil have been the main importers of Russian seaborne diesel and gasoil since the European Union banned the import of Russian oil products, data from market sources and finance company LSEG showed. Before the full EU embargo went into effect in February 2023, Europe was
- [Citgo Auction Result Delayed Amid Last-Minute Motions](https://energiesnet.com/citgo-auction-result-delayed-amid-last-minute-motions/) - Nathan Risser, Argus Media HOUSTON EnergiesNet.com 09 19 2024 The US court-appointed special master overseeing the auction of US refiner Citgo plans to object to a last-minute motion from the Venezuelan government to delay the sale process by four months. The Republic of Venezuela and state-owned oil company PDVSA filed a motion on Tuesday seeking
- [Aramco to up stake in LNG EIG's MidOcean and fund a stake in Peru LNG](https://energiesnet.com/aramco-to-up-stake-in-lng-eigs-midocean-and-fund-a-stake-in-peru-lng/) - Yousef Saba, Reuters DUBAI EnergiesNet.com 09 18 2024 Saudi Aramco will increase its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company, MidOcean and Hunt said on Monday. The Saudi oil giant agreed to buy a minority stake in
- [Canada’s newly expanded oil pipeline to the Pacific Flows to Asia, Away From US Gulf](https://energiesnet.com/canadas-newly-expanded-oil-pipeline-to-the-pacific-flows-to-asia-away-from-us-gulf/) - Robert Tuttle, Bloomberg News CALGARY EnergiesNet.com 09 18 2024 Canada’s newly expanded oil pipeline to the Pacific is opening new markets for the country’s crude in Asia while reducing flows off the US Gulf Coast, at least partly fulfilling the project’s promise of diversifying the industry’s customer base. Canadian oil producers have shipped about 28
- [PDVSA Asks for Pause on Citgo Auction Until January](https://energiesnet.com/pdvsa-asks-for-pause-on-citgo-auction-until-january/) - Bloomberg News WILMINTON, Delaware EnergiesNet.com 09 18 2024 Venezuela’s state-owned oil company asked a US judge to pause a court-ordered auction of Citgo Petroleum’s parent until January. Shares of the parent, PDV Holding, are scheduled to be sold on Nov. 19 to satisfy about $20 billion in claims against the nation and its Petróleos de Venezuela SA, or
- [Ecuador to implement nationwide blackout overnight on Wednesday to carried out an energy system's maintenance](https://energiesnet.com/ecuador-to-implement-nationwide-blackout-overnight-on-wednesday-due-to-energy-systems-maintenance/) - Reporting by Alexandra Valencia, Reuters QUITO EnergiesNet.com 09 17 2024 Ecuador will implement a nationwide blackout for maintenance in the country's electricity system overnight on Wednesday, from 10 p.m. local time to Thursday at 6 a.m., the government said in a statement on Sunday. The measure is aimed at "preventative maintenance" in National Transmission System
- [Mexico's Hydrocarbons Companies Ask for More Leeway as New Government Moves Forward on Reforms](https://energiesnet.com/mexicos-oil-gas-companies-ask-for-more-leeway-as-new-government-moves-forward-on-reforms/) - Sheky Espejo, Platts S&P Global MEXICO CITY b EnergiesNet.com 09 17 2024 Mexico is making a profound change to its legal system, one observers say will reduce the independence of the judiciary. The move, the last by President Andres Manuel López Obrador, who is leaving office Sept. 30, will be a turning point in the
- [Venezuelan Opposition Calls on US to Cancel Chevron and Other Oil Licenses to Pressure Maduro](https://energiesnet.com/venezuelan-opposition-calls-on-us-to-cancel-chevron-and-other-oil-licenses-to-pressure-maduro/) - Regina Garcia Cano, AP MEXICO CTY EnergiesNet.com 09 17 2024 Venezuela’s main opposition coalition on Monday called on the U.S. to cancel the licenses that allow Chevron and other energy companies to operate in the South American country to pressure President Nicolás Maduro to negotiate a transition from power. The appeal came from an adviser to the campaign of Edmundo
- [Petroperu Bonds Lift-Off as Government Takes Over Debt Payments](https://energiesnet.com/petroperu-bonds-lift-off-as-government-takes-over-debt-payments/) - Nicole Yapur, Bloomberg News CARACAS EnergiesNet.cxom 09 17 2024 Dollar bonds of Petroleos del Peru, also known as Petroperu, soared on Monday after the government published a plan to temporarily take over debt payments from the cash-strapped company. Notes maturing in 2047 jumped by almost 3 cents, the most since May 2020, to trade at
- [Maduro, as Venezuela’s President, is in Guyana’s best interest – St Vincent’s PM Gonsalves](https://energiesnet.com/maduro-as-venezuelas-president-is-in-guyanas-best-interest-st-vincents-pm-gonsalves/) - Denis Chabrol, Demerara Waves GEORGETOWN EnergiesNet.com 09 16 2024 St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves on Saturday said the declaration of President Nicolás Maduro as the winner of last July’s election was in the best interest of Guyana’s oil sector. He told Demerara Waves Online News in Georgetown shortly after witnessing the last
- [Latam Is Rewriting the Rules and Spooking Investors](https://energiesnet.com/latam-is-rewriting-the-rules-and-spooking-investors/) - Vinícius Andrade, Leda Alvim, and Michael O'Boyle, Bloomberg News SAO PAULO/MEXICO CITY EnergiesNet.com 09 16 2024 A recent flurry of judicial and economic rule changes has served as a reminder of just how unpredictable operating in Latin America can be, denting the region’s appeal for foreign investors already weary after years of sub-par returns. Mexico’s currency has gone
- [Mexico’s Controversial Judicial Reform Is Signed by President and In Effect](https://energiesnet.com/mexicos-controversial-judicial-reform-is-signed-by-president-and-in-effect/) - Daniel Rock, AFP MEXICO CITY EnergiesNet.com 09 16 2024 President Andres Manuel Lopez Obrador on Sunday signed into law controversial judicial reforms making Mexico the world's only country to elect all its judges by popular vote. The outgoing leftist championed the constitutional changes that he says are needed to clean up a "rotten" judiciary serving
- [PetroChina Sign with Staatsolie Sharing Contracts in Surinam](https://energiesnet.com/petrochina-sign-with-staatsolie-sharing-contracts-in-surinam/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 09 16 2024 Suriname state-oil company Staatsolie on Friday said it signed production sharing contracts with PetroChina for two offshore oil and gas blocks in the South American country. By signing the contracts, PetroChina has exploration and development rights for shallow water blocks 14 and 15 where Staatsolie has a 30%
- [Argus Media Interview: Agustín Torroba on sustainable aviation fuel in Latam](https://energiesnet.com/interview-agustin-torroba-on-sustainable-aviation-fuel-in-latam/) - Sofia Cabrera and Wesley Monteiro, Argus Media BOGOTA EnergiesNet.com 09 12 2024 In a recent interview with S&P Global Commodity Insights, Agustín Torroba, International Specialist in Biofuels and Renewable Energies for the Inter-American Institute for Cooperation on Agriculture (IICA) and Executive Secretary of the Coalición Panamericana de Biocombustibles Líquidos, provided a comprehensive overview of the
- [US Hold Off Sanctions on Venezuela Oil, Treasury Penalize 16 Top Regime Officials](https://energiesnet.com/us-hold-off-sanctions-on-venezuela-oil-treasury-penalize-16-top-regime-officials/) - Haik Gugarats, Argus Media WASHINGTON EnergiesNet.com 09 13 2024 Venezuelan president Nicolas Maduro's government has forced his election rival Edmundo Gonzalez to flee the country after issuing an arrest warrant against him earlier this month. The Venezuelan opposition has produced electoral records to show that Gonzalez likely won the 28 July presidential election, a claim backed by
- [Argentina Minimize Energy Subsidies, Calls for Fresh Investment](https://energiesnet.com/argentina-minimize-energy-subsidies-calls-for-fresh-investment/) - Marianna Parraga and Eliana Raszewski, Reuters HOUSTON/BUENOS AIRES EnergiesNet.com 09 13 2024 Argentina reduced its energy subsidies in the first seven months of the year by $2.7 billion, Energy Secretary Eduardo Rodriguez Chirillo said on Thursday, as part of a goal to curb the government's fiscal deficit while also working to promote investment in the
- [Public Letter to Summit Of The Future NYC | 2024 - Frank Bracho](https://energiesnet.com/public-letter-to-summit-of-the-future-nyc-2024-frank-bracho/) - By Frank Bracho, (Coordinator of G6) Introduction ...How badly we need such a forum! But: ¡¿How can we have a “good” future from such a “bad” -or troubled- present?! Both nationally and globally? Mystics (from our own, to those of the UN -like its second Secretary-General Dag Hammarskjöld, and even Taoists -whether Chinese or not! ),
- [How to Address Two Environmental Crises at Once - Bill McKibben](https://energiesnet.com/how-to-address-two-environmental-crises-at-once-bill-mckibben/) - By Bill McKibben had a long way to go with wasps and hornets,” Tawnya Kiernan told me, as her husband, Mike Kiernan, drove us north along Vermont’s iconic Route 100, past the ski town of Stowe; it was late August, and a few trees were showing just the faintest tinge of color. “They seemed so
- [Can Venezuela's opposition find any way to thrive?](https://energiesnet.com/can-venezuelas-opposition-find-any-way-to-thrive/) - By The Economist In the end the pressure grew too great. On September 7th, six weeks after he won Venezuela’s presidential election in a landslide, Edmundo González fled for exile in Spain. The regime of Nicolás Maduro (pictured) had accused the affable 75-year-old former diplomat of being a “war criminal” and issued a warrant for his
- [Reform or the End of Justice? Mexico Is Split on Plan to Elect Judges - Emiliano Rodríguez Mega and James Wagner](https://energiesnet.com/reform-or-the-end-of-justice-mexico-is-split-on-plan-to-elect-judges-emiliano-rodriguez-mega-and-james-wagner/) - Even as a sweeping proposal to elect nearly 7,000 judges inches toward law, some Mexicans have protested it. Others welcomed the chance to vote in judges. By Emiliano Rodríguez Mega and James Wagner. Photographs by Marian Carrasquero MEXICO CITY - Outside Mexico’s Senate building on Tuesday, university students wearing masks and dressed as the country’s
- [Argentina gas producers increasing Vaca Muerta production for exports to Brazil, Chile](https://energiesnet.com/argentina-gas-producers-increasing-vaca-muerta-production-for-exports-to-brazil-chile/) - Charles Newberry, Platts S&P Global BUENOS AIRES EnergiesNet.com 09 12 2-24 Pan American Energy and Tecpetrol, two of the biggest gas producers in Argentina, plan to increase Vaca Muerta gas production to export more supplies to Brazil and Chile in the near term as two pipeline projects widen the sales potential from the shale play,
- [Venezuela Threatens to Break Spain Ties Over González Urrutia’s Support](https://energiesnet.com/venezuela-threatens-to-break-spain-ties-over-gonzalez-urrutias-support/) - Bloomberg News CARACAS EnergiesNet.com 09 11 2024 Venezuela is proposing to cut ties with Madrid after the Spanish congress voted to recognize Edmundo González, the opposition leader who challenged Nicolás Maduro in the July election, as president-elect of the Latin American nation. National Assembly head Jorge Rodríguez called on Wednesday for the suspension of Venezuela’s
- [SBM Offshore NV Fuels Petrobras’s Oil Growth With More Production Vessels](https://energiesnet.com/sbm-offshore-nv-fuels-petrobrass-oil-growth-with-more-production-vessels/) - Peter Millard, Bloomberg News RIO EnergiesNet.com 09 12 2024 SBM Offshore NV has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate growth in what is already Latin America’s biggest producing country. The 225,000-barrel-a-day Almirante Tamandare production vessel is on route and set
- [Hurricane Francine lands in Louisiana, hitting New Orleans with wind and rain](https://energiesnet.com/hurricane-francine-lands-in-louisiana-hitting-new-orleans-with-wind-and-rain/) - Ned Randolph, Reuters NEW ORLEANS EnergiesNet.com 09 12 2024 Hurricane Francine came ashore in southern Louisiana on Wednesday, pounding New Orleans with heavy rains and gusty winds while threatening the wider Gulf Coast with a potentially deadly storm surge that led to evacuation orders for thousands of people. Francine packed maximum sustained winds of 75
- [The AI Safety Debate Is All Wrong - Daron Acemoglu](https://energiesnet.com/the-ai-safety-debate-is-all-wrong-daron-acemoglu/) - Today's anxiety about the risks posed by artificial intelligence reflects a tendency to anthropomorphize AI and causes us to focus on the wrong issues. Since any technology can be used for good or bad, what ultimately matters is who controls it, what their objectives are, and what kind of regulations they are subjected to. By
- [Exxon Guyana oil production is at risk - Einstein Millan Arcia](https://energiesnet.com/exxon-guyana-oil-production-is-at-risk-eisenstein-millan-arcia/) - By Einstein Millan Arcia Analysts from S&P Global Commodity Insights [ Exxon Plans to Drill Up to 30 Wells for its Seventh Oil Project in Guyana ] reported last month that the Guyana Basin contains 18.7 billion barrels of recoverable resources. This is a contradiction by definition, as resources are still to be economically proven
- [The Mirage of $2 Gas - Paul Krugman](https://energiesnet.com/the-mirage-of-2-gas-paul-krugman/) - By Paul Krugman Political speeches are often worth skipping, not conveying much new information. But Donald Trump’s speech last week at the Economic Club of New York was quite newsworthy, in several ways. His incomprehensible, word-salad response to a question about child care received quite a lot of attention, rightly; I think we can safely say that he has
- [Hurricane Francine forces Louisiana oil and gas shutdowns](https://energiesnet.com/hurricane-francine-forces-louisiana-oil-and-gas-shutdowns/) - HOUSTON EnergiesNet.com 09 11 2024 Francine strengthened into a hurricane on Tuesday night, the U.S. National Hurricane Center said, as it prompted Louisiana residents to flee inland and oil and gas companies to shut in Gulf of Mexico production. Francine was developing more slowly than earlier forecast but could still wallop the Louisiana coast on Wednesday with
- [Brazilian gasoline price gap to imports widens](https://energiesnet.com/brazilian-gasoline-price-gap-to-imports-widens/) - Kauanna Navarro, Vinicius Damazio, Platts, S&P Global SAO PAULO EnergiesNet.com 09 11 2024 The widening gap between Brazilian gasoline prices in the domestic market and import parity prices is driving a stronger demand outlook for gasoline relative to other fuels. This trend suggests that consumers may favor domestic gasoline over imported cargoes, potentially influencing market
- [Petro to Tax Rich and Wealthy Colombians and Carbon Emissions](https://energiesnet.com/petro-to-tax-rich-and-wealthy-colombians-and-carbon/) - Oscar Medina, Bloomberg News BOGOTA EnergiesNet.com 09 11 2024 Colombia’s government is proposing new tax increases on wealthy individuals, gambling platforms and carbon emissions to rein in the fiscal deficit without cutting social programs. Finance Minister Ricardo Bonilla submitted a bill to congress on Tuesday intended to raise 12 trillion pesos ($2.8 billion) next year.
- [US Says It May Intervene on Burford’s $16 Billion Argentina Award Affecting YPF](https://energiesnet.com/us-says-it-may-intervene-on-burfords-16-billion-argentina-award-affecting-ypf/) - Patrick Gillespie and Jonathan Gilbert, Bloomberg News BUENOS AIRES EnergiesNet.com 09 11 2024 The US government is “actively considering” whether to file a statement of interest concerning Burford Capital’s efforts to collect a $16 billion judgment against the Argentine government. In a Monday letter, the Justice Department asked US District Judge Loretta Preska in Manhattan to delay
- [Venezuela's Regime Blows Through Dollar Stockpile in New Threat to Regime](https://energiesnet.com/venezuelas-regime-blows-through-dollar-stockpile-in-new-threat-to-regime/) - Bloomberg News CARACAS Energiesnet.com 09 11 2024 Since declaring himself the winner of July’s presidential vote, Venezuela’s Nicolás Maduro has been condemned by governments across the world, targeted by massive street protests and spurned by some of his closest allies. Now, a new problem is emerging for the authoritarian leader: The bolivar has tumbled in
- [Maduro Could Probably Survive US Sanctions on His Allies, Enablers](https://energiesnet.com/maduro-could-probably-survive-us-sanctions-on-his-allies-enablers/) - Patricia Laya and Andreina Itriago Acosta, Bloomberg News CARACAS EnergiesNet.com 09 11 2024 Even as Nicolás Maduro’s legitimacy at home and abroad withers further following Venezuela’s highly contested election, he still has one advantage: The US can’t afford to hit him where it hurts most. Rescinding licenses on energy companies operating in Venezuela would only
- [Argentina Sees $15 bln In Energy Investment Next Year, Fueled by Deregulation-RIGI](https://energiesnet.com/argentina-sees-15-bln-in-energy-investment-next-year-fueled-by-deregulation-rigi/) - Eliana Raszewski, Reuters BUENOS AIRES EnergiesNet.com 09 11 2024 Argentina's government expects investments in the country's energy sector to reach up to $15 billion in 2025 and $16.5 billion in 2026 thanks to its market deregulation push, Energy Secretary Eduardo Rodriguez Chirillo said on Tuesday. The estimated spending includes additional funds that flow from the
- [Protesters Storm Mexico’s Senate After Controversial Judicial Overhaul Is Passed](https://energiesnet.com/protesters-storm-mexicos-senate-after-controversial-judicial-overhaul-is-passed/) - Megan Janetsky, AP MEXICO CITY EnergiesNet.com 09 11 2024 Hundreds of protesters broke into Mexico’s Senate on Tuesday as lawmakers weighed a contentious plan to overhaul the country’s judiciary, forcing the body to take a temporary recess for the safety of the senators. The shut down came just hours after Mexico’s ruling party, Morena, wrangled
- [After Edmundo Gonzalez Flees to Spain, What’s Next for Venezuela and its Opposition?](https://energiesnet.com/after-edmundo-gonzalez-flees-to-spain-whats-next-for-venezuela-and-its-opposition/) - DOHA EnergiesNet.com 09 10 2024 Venezuelan opposition leader Edmundo Gonzalez has fled to Spain, seeking political asylum amid turmoil in his country after a disputed presidential election. The opposition presidential candidate arrived at the Torrejon de Ardoz military base in the Spanish capital, Madrid, with his wife on Sunday, according to a statement by Spain’s Ministry of
- [US Court Officer Moves to Block Creditors from Derailing PDVSA's Citgo Auction](https://energiesnet.com/us-court-officer-moves-to-block-creditors-from-derailing-pdvsas-citgo-auction/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 09 10 2024 A U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in the case to prevent creditors from pursuing additional lawsuits that could derail the sales process. Three creditors that had registered claims with the court but
- [Carlos Slim scoops more Talos Energy shares following surprise CEO departure](https://energiesnet.com/mexicos-richest-man-carlos-slim-scoops-more-talos-shares-following-surprise-ceo-departure/) - Daniel Cancel and David Wethe, Bloomberg News SAO PAULO/HOUSTON EnergiesNet.com 09 09 2024 Carlos Slim, Latin America’s richest person, boosted his stake in U.S. oil and gas producer Talos Energy Inc. this week in the aftermath of a surprise exit by its founder and chief executive officer that sparked a drop in shares. Through his
- [Venezuela’s President Elect Force to Exile, and Hopes for Democracy Dim](https://energiesnet.com/venezuelas-president-elect-force-to-exile-and-hopes-for-democracy-dim/) - The president elect's decision to seek asylum in Spain and the autocratic leader’s antagonism toward regional powers lessen the chances of a political transition. Genevieve Glatsky, NYTimes BOGOTA EnergiesNet.com 09 09 2024 The news that Edmundo González, Venezuela’s opposition candidate, had fled the country on a Spanish Air Force plane this weekend took the country,
- [Saudi Arabia and OPEC + Allies Delay Plan to Increase Oil Output](https://energiesnet.com/saudi-arabia-and-opec-allies-delay-plan-to-increase-oil-output/) - OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to increase production. Stanley Redd, NYTimes LONDON EnergiesNet.com 09 06 2024 Saudi Arabia and seven other members of the oil-producing group known as OPEC Plus said on Thursday that they would
- [Talos Energy strikes oil and gas in Gulf of Mexico](https://energiesnet.com/talos-energy-strikes-oil-and-gas-in-gulf-of-mexico/) - Reporting by Vallari Srivastava, Reuters HOUSTON EnergiesNet.com 09 06 2024 U.S. company Talos Energy (TALO.N), opens new tab said on Thursday it had discovered commercial quantities of oil and natural gas in a subsea well in the Gulf of Mexico. The company, backed by billionaire Carlos Slim, said the Ewing Bank 953 well's preliminary data indicated an
- [Venezuela's oil exports climb to four-year high in August](https://energiesnet.com/venezuelas-oil-exports-climb-to-four-year-high-in-august/) - Last month's oil and fuel exports up 62% over a year-ago. August shipments average nearly 885,000 bp. Marianna Parraga and Mircely Guanipa, Reuters HOUSTON/MARACAY EnergiesNet.com 09 06 2024 Venezuela's August oil exports hit their highest in more than four years, according to shipping data, fueled by expanded shipments to China, the U.S. and Europe as
- [What’s at stake in Mexico’s judicial system under sweeping overhaul pushed by the president](https://energiesnet.com/whats-at-stake-in-mexicos-judicial-system-under-sweeping-overhaul-pushed-by-the-president/) - Maria Verza, AP M
- [Spain's crude oil imports from Venezuela soar](https://energiesnet.com/spains-crude-oil-imports-from-venezuela-soar/) - Reporting by Pietro Lombardi, Reuters MADRID EnergiesNet.com 09 05 2024 Spain's crude oil imports from Venezuela this year have already topped 2023's total, data released by Cores, an arm of the Energy and Environment Ministry, showed on Wednesday. In July, Spain imported 353,000 tons of crude from Venezuela, taking the January-July total to 1.7 million
- [IBC Guyana: The Gateway to Opportunities,15-17 October, Georgetown, Guyana](https://energiesnet.com/ibc-guyana-the-gateway-to-opportunities15-17-october-georgetown-guyana/)
- [Pemex Deepwater Gas Project Lakach Challenging and Difficult to Develop - Experts](https://energiesnet.com/pemex-deepwater-gas-project-lakach-challenging-and-difficult-to-develop-experts/) - Mexico trying to reactivate projec, t looking to reduce dependency on US gas. Observers warn of restrictive business model Skeky Espejo, Platts S&P Global MEXICO CITY EnergiesNet.com 09 04 2024 Mexico is trying to reactivate a costly deepwater natural gas project it abandoned in hopes of cutting the country's dependence on imported gas and to
- [Mexico’s Top Court Justices Join Strike Over Judicial Reform](https://energiesnet.com/mexicos-top-court-justices-join-strike-over-judicial-reform/) - Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNewt.com 09 0-4 2024 Mexico’s Supreme Court justices went on strike to protest President Andres Manuel Lopez Obrador’s proposed reform of the judicial system while demonstrations against the controversial plan delayed its debate in congress by a few hours. The strike was approved by eight votes in favor and
- [Maracaibo, la ciudad venezolana más afectada por el éxodo masivo - Frances Robles](https://energiesnet.com/maracaibo-la-ciudad-venezolana-mas-afectada-por-el-exodo-masivo-frances-robles/) - Por Frances Robles. Fotografías por Mariam Carrasquero. Antaño fue una próspera metrópolis ubicada en una crucial zona petrolera de Venezuela. Esa ciudad llamada Maracaibo, ya no existe. En la actualidad está llena de casas abandonadas, algunas con aspecto de haber sido bombardeadas, porque los propietarios arrancaron ventanas y tejados para venderlos como chatarra antes de emprender
- [Petróleo: El mercado prefiere ignorar el largo plazo  -  M. Juan Szabo y Luis A. Pacheco](https://energiesnet.com/petroleo-el-mercado-prefiere-ignorar-el-largo-plazo-m-juan-szabo-y-luis-a-pacheco/) - Los precios del petróleo mostraron un comportamiento que asemeja a una montaña rusa. Por M. Juan Szabo y Luis A. Pacheco Otra semana volátil en el mercado del petróleo, en lo que parece ser la nueva normalidad. Las preocupaciones por la reducción de la demanda, más que nada asociadas con el crecimiento de la economía china
- [Maduro Orders Arrest of Rival Edmundo Gonzalez Urrutia to Quell Venezuela Dissent (video)](https://energiesnet.com/maduro-orders-arrest-of-rival-edmundo-gonzalez-urrutia-to-quell-venezuela-dissent-video/) - Regime wants González arrested for snubbing probe into vote. Ex-diplomat has been in hiding amid post-election crackdown. US government seizes plane used by Venezuelan President Nicolas Maduro. Patricia Laya and Andreina Itriago Acosta, Bloomberg News CARACAS EnergiesNet.com 09 03 2024 Venezuela ordered the arrest of presidential candidate Edmundo González, an escalation of the government’s crackdown
- [AMLO and Sheinbaum Set to Consolidate Morena's Power in Mexico](https://energiesnet.com/amlo-and-sheinbaum-set-to-consolidate-morenas-power-in-mexico/) - Lower house began debates Tuesday on judicial reform. Courts are final arm of government not under Morena control Alex Vasquez and Maya Averbuch, Bloomberg News MEXICO CITY EnergiesNet.com 09 03 2024 Outgoing President Andres Manuel Lopez Obrador is poised to control the only branch of government that still eludes him in Mexico, ensuring the dominance
- [YPF Eyes Sale of Lithium Unit as Focus Narrows on Shale Ramp-Up](https://energiesnet.com/ypf-eyes-sale-of-lithium-unit-as-focus-narrows-on-shale-ramp-up/) - Jonathan Gilbert, Bloomberg News BUENOS AIRES EnergiesNet.com 09 02 2024 Argentine state-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into the heralded Vaca Muerta shale patch. Executives are mulling an exit from YPF Litio, said a person familiar with the
- [Carlos Slim-Backed Talos Sinks After Surprise Exit of Tim Duncan, CEO and Founder](https://energiesnet.com/carlos-slim-backed-talos-sinks-after-surprise-exit-of-tin-duncan-ceo-and-founder/) - David Wethe, Bloomberg News HOUSTON EnergiesNet.com )9 02 2024 Talos Energy Inc., a US oil producer whose biggest shareholder is billionaire Carlos Slim, slid after the unexpected departure of its chief executive officer. Tim Duncan, who was also one of the company’s founders, stepped down on Thursday, Talos said in a statement that didn’t provide
- [Latin Brief Weekly: X v Xandão](https://energiesnet.com/latin-brief-weekly-x-v-xandao/) - Latin America Daily Briefing Aug 30, 2024Jordana Timerman Brazilian Supreme Court justice Alexandre de Moraes escalated a feud with billionaire Elon Musk yesterday — and Brazil is bracing for a potential shutdown in access to the X social media platform. The feud started earlier this year, when Moraes ordered X to block certain accounts implicated
- [Venezuela Slowly Powers Up After a 12-Hours Nationwide Blackout (video)](https://energiesnet.com/venezuela-slowly-powers-up-after-a-12-hours-nationwide-blackout-video/) - Power outages hit Caracas, Venezuelan states. Blackout disrupted major oil terminal. Government blames opposition without providing evidence Reporting by Vivian Sequera, Mayela Armas, Deisy Buitrago and Keren Torres, Reuters CARACAS/BARQUISIMETO, Venezuela EnergiesNet.com 08 31 2024 Power had returned to some parts of Venezuela on Friday evening after capital Caracas and much of the rest of
- [Brazil moves 13 billons of irregular fuel's liters per year - Vibra Energia](https://energiesnet.com/brazil-moves-13-billons-of-irregular-fuels-liters-per-year-vibra-energia/) - Martha Nogueira, Reuters RIO EnergiesNet.com 08 30 2024 About 13 billion liters of fuel sold annually in Brazil is done so in an irregular way, according to estimates by top distributor Vibra Energia in partnership with the McKinsey consultancy. Tax losses from the fuel sold irregularly amount to around 14 billion reais ($2.48 billion) per
- [Lula’s Push for Natural Gas Raises Intervention Fears in Brazil](https://energiesnet.com/lulas-push-for-natural-gas-raises-intervention-fears-in-brazil/) - Peter MIllard, Bloomberg News RIO EnergiersNet.com 0 8 29 2024 President Luiz Inacio Lula da Silva’s push for more and cheaper natural gas is generating concern that Brazil is turning to interventionist policies in a move that could discourage investments by oil majors including Petroleo Brasileiro SA, Equinor ASA and Shell Plc. A decree published
- [Drought Strains Brazil Hydropower Supply, Raising Energy Costs](https://energiesnet.com/drought-strains-brazil-hydropower-supply-raising-energy-costs/) - Country’s hydro dams struggling as reservoirs shrink. Inflation, blackout threat may grow if drought persists. Rachel Gamarski and Beatriz Amat, Bloomberg News SAO PABLO|RIO EnergiesNet.com 08 29 2024 A worsening drought across Brazil that has stoked record wildfires and withered crops now threatens the country’s power supply, raising the risk of higher prices and blackouts
- [Mexico’s Marriage to Oil Turned Bad and Is Getting Worse  ](https://energiesnet.com/mexicos-marriage-to-oil-turned-bad-and-is-getting-worse/) - Mexico’s President Bet Big on Oil. His Successor Will Be Stuck With the Tab. Simon Romero, NYTimes MEXICO CITY EnergiesNet.com 08m 29 2024 On a sweltering day in August, Claudia Sheinbaum appeared with her mentor, President Andrés Manuel López Obrador, to inaugurate one of the costliest infrastructure projects in Mexico’s history: a $16 billion oil
- [Petrobras Plans to Curb Gas Reinjection as Lula Eyes More Supply](https://energiesnet.com/petrobras-plans-to-curb-gas-reinjection-as-lula-eyes-more-supply/) - Mariana Durao and Daniel Carvalho, Bloomberg News RIO EnergiesNet.com 08 29 2024 Petrobras plans to reduce natural gas reinjection where it can in response to the government’s efforts to boost supplies of the fuel, the the head of the state-controlled oil company said Wednesday. A decree published Tuesday allows Brazil’s oil regulator, known as the ANP, to
- [Mexico Pauses Relations With U.S. Embassy Amid Clash Over Judicial Overhaul](https://energiesnet.com/mexico-pauses-relations-with-u-s-embassy-amid-clash-over-judicial-overhaul/) - Simon Romero and Emiliano Rodríguez Mega, NYTimes MEXICO CITY EnergiesNet.com 08 28 2024 For months, tensions have been building in Mexico over the president’s sweeping plans to overhaul the judiciary, shaking the country’s political system and straining diplomatic ties with the United States. This week, those tensions exploded into the open. President Andrés Manuel López
- [Venezuela's Maduro Puts Key Allies in Oil, Interior Ministries After Vote](https://energiesnet.com/venezuelas-maduro-puts-key-allies-in-oil-interior-ministries-after-vote/) - Bloomberg News CARACAS EnergiesNet.com 08 28 2024 President Nicolás Maduro appointed Delcy Rodríguez as Venezuela’s new oil minister and put Diosdado Cabello in charge of the joint interior and justice ministry, promoting key allies after a disputed election. The move also sees Hector Obregón step in as the new head of state-run Petroleos de Venezuela
- [US Court Officer Requests New Extension to Select Winner of PDVSA's Citgo auction](https://energiesnet.com/us-court-officer-requests-new-extension-to-select-winner-of-pdvsas-citgo-auction/) - Reporting by Marianna Parraga, Reuters HOUSTON EnergiesNet.com 08 28 2024 A U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Friday requested a new extension to evaluate bids and select a winner of the bidding round, according to a court filing. A complex bidding system in
- [Sheinbaum Names Victor Rodriguez Padilla as Pemex CEO in Bid to Tame Debt](https://energiesnet.com/sheinbaum-names-rodriguez-as-pemex-ceo-in-bid-to-tame-debt/) - CEO tasked with reviving output, slashing $100 billion debt. Troubled state oil company is world’s most indebted producer. Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 0828 2024 Mexico’s President-elect Claudia Sheinbaum appointed energy economist Victor Rodriguez Padilla to lead state-owned oil driller and refiner Petroleos Mexicanos as her administration looks to revive the company’s flagging
- [Colombian East Oil Pipelines Attacked Five Times by Rebels](https://energiesnet.com/colombian-east-oil-pipelines-attacked-five-times-by-rebels/) - Attacks come after ceasefire ended with ELN guerrilla group. Rebel groups had largely stopped such attacks this year. Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 08 27 2024 Oil pipelines in eastern Colombia were attacked five times in recent days, after a ceasefire with leftist rebels broke down. The Cano Limon-Covenas pipeline, which transports crude from
- [Elliott Investment Leads Bidding for PDVSA's Citgo US Refiner](https://energiesnet.com/elliott-investment-leads-bidding-for-pdvsas-citgo-us-refiner/) - Deadline for recommendation on winning bid expired on Aug. 22. The court-ordered sale hearing is scheduled for Oct. 30 Nicolle Yapur, Gillian Tan, and Derek Decloet, Bloomberg News CARACAS/NEW YORK EnergiesNet.com 08 26 2028 Elliott Investment Management is the leading bidder in a US court-ordered auction of the parent company of Venezuelan-owned refiner Citgo Petroleum
- [Pemex Gets Approval to Up Investment in Deepwater Field Lakach by $400 Million](https://energiesnet.com/pemex-gets-approval-to-up-investment-in-deepwater-field-lakach-by-400-million/) - Reporting by Ana Isabel Martinez and Stefanie Eschenbacher, Reuters MEXICO CITY EnergiesNet.com 08 23 2024 Mexico's hydrocarbon regulator approved on Thursday a request by state energy company Pemex to expand a natural gas project in the Gulf of Mexico, which requires extra investments of just over $400 million. The Lakach field has been hailed as
- [Colombia’s Ecopetrol Broken Occidental Deal Ripples Through Latin America](https://energiesnet.com/colombias-ecopetrol-broken-occidental-deal-ripples-through-latin-america/) - Ex-minister says leftist President Gustavo Petro vetoed Ecopetrol SA’s $3.6 billion agreement. Andrea Jaramillo, Bloomberg News BOGOTAEnergiesNet.com 08 24 2024 Investors in Colombia’s state oil company have watched warily for two years as President Gustavo Petro tried to squelch the nation’s fossil-fuel production. They have a fresh reason to worry. Ecopetrol SA surprised the market last month
- [Latam Brief Weekly: Latin American countries reject Venezuela court election ruling](https://energiesnet.com/latam-briefpushback-against-mexicos-judicial-reform-cont/) - Latin America Daily Briefing Aug 23, 2024 Jordana Timerman Ten Latin American governments and the U.S. rejected the Venezuelan Supreme Court’s confirmation of Nicolás Maduro’s widely disputed claim to have won reelection in July. (See yesterday’s briefs.) Chilean President Gabriel Boric declared: “I have no doubt this election has been stolen.” Guatemalan President Bernardo Arévalo tweeted:
- [Caribbean Updates: New UN report develops a Climate Justice framework](https://energiesnet.com/caribbean-updates-new-un-report-develops-a-climate-justice-framework/) - Just Caribbean Updates The four pillars include: mitigation, adaptation, remediation, and transformation. In particular, the Special Rapporteur suggests that “climate change-related loss and damage…should be seen as part of the remediation pillar,” and outlines measures for countries, multilateral institutions, and businesses to implement to address climate-related losses and damages. Lien Vandamme of the Center for
- [Venezuela's Top Court Ratifies Maduro's Electoral Victory Without Showing Evidence (video)](https://energiesnet.com/venezuelas-top-court-ratifies-maduro-election-win-as-government-tightens-control-video/) - The highest court or the Electoral Authority did not publish any of the voting records. Reporting by Vivian Sequera, Mayela Armas and Deisy Buitrago, Reuters CARACAS EnergiesNet.com 08 23 2024 Venezuela's Supreme Justice Tribunal on Thursday ratified President Nicolas Maduro's victory in the July 28 presidential election, sealing institutional backing for the ruling party as
- [US Drafts List of 60 Venezuelans for Possible Sanctions Over Election](https://energiesnet.com/us-drafts-list-of-60-venezuelans-for-possible-sanctions-over-election/) - US to target Venezuela election, court and military officials, say sources. Washington aims to 'hold accountable' election fraud enablers, official says Marianna Parraga, Reuters HOUSTON EnergiesNet.com 08 22 2024 The U.S. has drafted a list of about 60 Venezuelan government officials and family members who could be sanctioned in the first punitive measures following the
- [Pemex’s Next CEO Is Mexico’s $100 Billion Question](https://energiesnet.com/pemexs-next-ceo-is-mexicos-100-billion-question/) - Victor Rodriguez Padilla is latest favorite of speculators. Troubled state oil company is world’s most indebted producer Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 08 22 2024 Mexico’s president-elect has named key officials who will take on some of the nation’s toughest jobs — fighting surging organized crime, reining in overspending, revamping an aging electrical
- [Venezuela Oil Spill Gets Bigger and Spreads Across 28 Miles of Coastline (video)](https://energiesnet.com/venezuela-oil-spill-gets-bigger-and-spreads-across-28-miles-of-coastline/) - Pipeline feeding power station breaks, sending oil to sea. Affected beaches have been cleaned up by PDVSA, authorities. Bloomberg News CARACAS EnergiesNet.com 08 21 2024 Efforts are underway to contain a leak from a broken oil pipeline from the El Palito refinery that spilled into Venezuela’s Caribbean Sea, affecting 28 miles of coastline. The spill
- [PDVSA Employees Forced to Resign Over Political Views, Workers Say](https://energiesnet.com/pdvsa-employees-forced-to-resign-over-political-views-workers-say/) - Mircely Guanipa, Deisy Buitrago and Marianna Parraga, Reuters CARACAS/MARACAY EnergiesNew.com 08 21 2024 Over a hundred employees at Venezuela's state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last month's disputed election, workers and unions said. The government says
- [Dominican Republic Creates State Miner "Emidom" to explore for Rare Earths](https://energiesnet.com/dominican-republic-creates-state-miner-emidom-to-explore-for-rare-earths/) - Sarah Morland, Reuters MEXICO CITY EnergiesNet.com 08 21 2024 The Dominican Republic on Tuesday said it will create a state mining firm to explore and exploit the nation's key mining resources, including rare earth minerals. The Dominican presidency said in a statement that the state firm, Empresa Minera Dominicana S.A., or Emidom, will explore, exploit
- [Cuban Ministry of Energy, CUPET, and IN-VR lead collaborative push for energy innovation at the Cuba Energy Summit: IN-VR](https://energiesnet.com/cuban-ministry-of-energy-cupet-and-in-vr-lead-collaborative-push-for-energy-innovation-at-the-cuba-energy-summit-in-vr/) - IN-VR LONDON EnergiesNet.com 08 21 2024 Cuba is calling for Energy investors - Energy companies, service providers, and governmental authorities will gather at the forthcoming Cuba Energy Summit, taking place 4th to 6th December 2024 in Havana, Cuba. For the first time in over five years, Cuba is hosting a meeting platform for all interested
- [Venezuela: They Ran a Campaign in Hiding. Now They Wait.](https://energiesnet.com/venezuelathey-ran-a-campaign-in-hiding-now-they-wait/) - The campaign officials for Venezuela’s opposition have sheltered in an Argentine diplomatic residence in Caracas for five months, watching the country’s turmoil from asylum. Genevieve Glatsky, NYTimes BOGOTA EnergiesNet.com 08 20 2024 Every morning they wake up and look at the mountains of Caracas. On days when protests fill the streets they can hear the
- [Chile government to study ending power supply concession to Enel unit](https://energiesnet.com/chile-government-to-study-ending-power-supply-concession-to-enel-unit/) - Reporting by Fabian Cambero, Reuters SANTIAGO EnergiesNet.com 08 2024 Chile's government said on Friday it will study whether Italian electricity distributor Enel's (ENEI.MI), opens new tab local unit meets the terms of a concession to operate in the country after thousands of customers were left without power following a storm. The technical analysis will likely take from
- [Argentina judge halts deforestation of Chaco forest in rare move](https://energiesnet.com/argentina-judge-halts-deforestation-of-chaco-forest-in-rare-move/) - Lucila Sigal, Reuters BUENOS AIRES EnergiesNet.com 08 20 2024 An Argentine federal judge on Monday ordered a three-month suspension of deforestation in northern Chaco province, a rare step to protect one of the world's woodland ecosystems that is most rapidly being destroyed to make way for farmland. The unusual though not unprecedented move, announced officially, opens
- [Oil spill reported off Venezuela's Caribbean coast](https://energiesnet.com/oil-spill-reported-off-venezuelas-caribbean-coast/) - Reporting by Mircely Guanipa, Tibisay Romero and Deisy Buitrago, Reuters CARACAS EnergiesNet.com 08 20 2024 An oil spill, which appeared to originate from Venezuela's El Palito refinery several days ago, has contaminated a bay off the country's north-central coast in the Caribbean Sea, five sources told Reuters on Saturday. Biologist Eduardo Klein posted satellite images
- [Lula Warns Maduro Brazil’s Ties With Venezuela Are Worsening](https://energiesnet.com/lula-warns-maduro-brazils-ties-with-venezuela-are-worsening/) - Brazil leader says he still doesn’t recognize Maduro’s victory. New election possible ‘if Maduro has any sense,’ Lula says Simone Iglesias, Bloomberg News BRASILIA EnergiesNet.Net 08 19 2024 Brazil’s Luiz Inacio Lula da Silva said Nicolas Maduro owes the world an explanation about what happened in Venezuela’s election, and that the ongoing dispute over the
- [Exxon plan for Guyana oil exploration risks raising tensions with Venezuela](https://energiesnet.com/exxon-plan-for-guyana-oil-exploration-risks-raising-tensions-with-venezuela/) - President of ExxonMobil Guyana confirms plan to drill new wells off Atlantic coast as territorial dispute simmers Luke Taylor, The Guardian BOGOTA EnergiesNet.com 08 19 2024 ExxonMobil has insisted it will explore for oil in a region bitterly contested by Guyana and Venezuela, despite the dangers that the move is likely to escalate tensions between the
- [Colombia’s Petro Signs Decree Banning Coal Exports to Israel](https://energiesnet.com/colombias-petro-signs-decree-banning-coal-exports-to-israel/) - Andrea Navarrro, Bloomberg News BOGOTA EnergiesNet.com 08 19 2024 Colombia’s President Gustavo Petro signed a decree banning coal exports to Israel in a bid to pressure the government of Prime Minister Benjamin Netanyahu to end the conflict in Gaza. The decree, published on the presidential website, is dated Aug. 14. The Andean nation is the
- [AMLO Gets $852 Million Pension-Fund Backing for Iberdrola Deal](https://energiesnet.com/amlo-gets-852-million-pension-fund-backing-for-iberdrola-deal/) - Carolina Millan and Michael O'Boyle, Bloomberg News MEXICO CITY EnergiesNet.com 08 19 2024 A majority of Mexican pension funds agreed to take part in a $852 million placement to help President Andres Manuel Lopez Obrador’s administration finance the purchase of Iberdrola SA assets. Seven out of 10 pension funds, known locally as Afores, committed to a placement
- [Venezuelans Around the World Demonstrate to Defend Opposition’s Victory](https://energiesnet.com/venezuelans-around-the-world-demonstrate-to-defend-oppositions-victory/) - The Associated Press CARACAS EnergiesNet.com 08 19 2024 Venezuelans across the world — some with flags and other patriotic paraphernalia — responded to a call from their country’s political opposition Saturday and took to the streets to defend the faction’s claim to victory over President Nicolás Maduro in last month’s disputed presidential election. The demonstrations
- [Venezuelan opposition protests as election dispute drags on](https://energiesnet.com/venezuelan-opposition-protests-as-election-dispute-drags-on/) - Deisy Buitrago and Mariela Nava, Reuters CARACAS EnergiesNet.com 08 19 2024 Venezuela's political opposition and its supporters gathered in cities around the country on Saturday to demand recognition of what they say is their candidate's resounding victory in a presidential vote nearly three weeks ago. The country's electoral authority, considered by the opposition to be
- [Caribbean Updates: Caribbean reactions to Harris](https://energiesnet.com/caribbean-updates-caribbean-reactions-to-harris/) - Just Caribbean Updates Caribbean media reacted exuberantly to Kamala Harris’ positioning as the U.S. Democratic Party nominee. “Jamaicans in the diaspora are rallying behind Kamala Harris' presidential campaign with enthusiasm reminiscent of the support for former President Barack Obama,” reported the Jamaica Gleaner. Jamaican and other Caribbean nationals in the US “seem especially enthused by the
- [Latam Brief: Mexican report on "dirty war" atrocities](https://energiesnet.com/latam-brief-mexican-report-on-dirty-war-atrocities/) - Latin America Daily Briefing An independent commission charged by Mexican President Andrés Manuel López Obrador with documenting human rights atrocities committed by the state during the country’s “dirty war” has accused the country’s military and intelligence services of obstructing their investigation. Nonetheless, they were able to document thousands of abuses committed against students, Indigenous people,
- [Russian Gasoline Exports to Brazil Likely to Slow as Diesel Continues to Flow](https://energiesnet.com/russian-gasoline-exports-to-brazil-likely-to-slow-as-diesel-continues-to-flow/) - Moscow bans gasoline exports from Sept. 1. Market sources see pull on USGC diesel Jordan Daniel, Platts S&P Global HOUSTON EnergiesNet.com 08 16 2024 Flows of Russia-produced gasoline to Brazil are likely to slow in the coming weeks in month after a shift in policy from Moscow, while market sources say diesel inventories in the
- [White House Walks Back Biden Comment on Venezuelan Election](https://energiesnet.com/white-house-walks-back-biden-comment-on-venezuelan-election/) - Biden intended to highlight flawed result, spokesperson says. Maduro accuses the US of interfering in his country’s affairs Erick Martin, Bloomberg News WASHINGTON EnergiesNet.com 08 16 2024 The White House on Thursday walked back President Joe Biden’s apparent suggestion that Venezuela hold a new election after the comment prompted questions about the US position on
- [Exxon's Guyana Total Oil Production to More Than 1.4 Million Barrels Per Day in 2025](https://energiesnet.com/exxons-guyana-total-oil-production-to-more-than-1-4-million-barrels-per-day-in-2025/) - Development plan for Exxon's seventh project in Guyana expected in Q1 2025 Kemol King, Reuters GEORGETOWN EnergiesNet.com 08 15 2024 GEORGETOWN, Aug 14 (Reuters) - A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total
- [Pemex Strikes Deal with CME Driller to Redevelop Gulf Oil Fields](https://energiesnet.com/pemex-strikes-deal-with-cme-driller-to-redevelop-gulf-oil-fields/) - CME Oilfield-services firm to expand output from Bacab, Lum fields. $1.65 billion investment to lift crude output 10-fold by 2028 Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 08 15 2024 Petroleos Mexicanos has reached a deal with an oilfield-services provider to drill in the Gulf of Mexico as the heavily indebted state energy company turns
- [Guyana Crude Loadings to Rise to Record 710k B/D in October 2024](https://energiesnet.com/guyana-crude-loadings-to-rise-to-record-710k-b-d-in-october-2024/) - Sherry Sue, Bloomberg News SINGAPOREEnergiesNews.com 08 14 2024 Crude loadings from Guyana are planned at 22m bbl, or 710k b/d, in October, according to programs seen by Bloomberg. The daily volume will be a record, compared with a revised 667k b/d in September September volumes were revised down from 700k b/d after two Unity Gold
- [Puerto Rico’s Fragile Power Grid Faces a Test With Tropical Storm Ernesto](https://energiesnet.com/puerto-ricos-fragile-power-grid-faces-a-test-with-tropical-storm-ernesto/) - The island’s infrastructure has been battered by hurricanes. Puerto Rico residents suffer blackouts even in calm weather Brian K. Sullivan and Michelle Kaske, Bloomberg News BOSTON/NEY YORK EnergiesNet.com 08 14 2024 Puerto Rico’s shaky power grid is facing its latest test with Tropical Storm Ernesto, which threatens to trigger widespread blackouts as it bears down on the
- [West hits pause on fresh measures against Venezuela's Maduro (video)](https://energiesnet.com/west-hits-pause-on-fresh-measures-against-venezuelas-maduro-video/) - Marianna Parraga, Matt Spetalnick and Lisandra Paraguassu, Reuters HOUSTON/WASHINGTON/BRASILIA EnergiesNet.com 08 14 2024 More than two weeks after Venezuelan President Nicolas Maduro claimed reelection victory, the U.S. and other Western countries are showing little sign of swift tough action over what many of them have condemned as voting fraud. Most governments have demanded that Venezuela's National
- [A Trump win could spur big shifts in oil sanctions policy on Iran, Venezuela and Russia](https://energiesnet.com/a-trump-win-could-spur-big-shifts-in-oil-sanctions-policy-on-iran-venezuela-and-russia/) - Trump could return to strict sanctions. Harris likely to align with Biden policy Kate Winston, Platts S&P Global WASHINGTON EnergiesNet.com 08 13 2024 US oil sanctions policy could change significantly if Donald Trump wins the presidential election and returns to a policy of maximum pressure sanctions, but broader economic factors will influence both the type
- [US extends license protecting Venezuela-owned U.S. Citgo through Nov, Treasury says](https://energiesnet.com/us-extends-license-protecting-venezuela-owned-u-s-citgo-through-nov-treasury-says/) - Reporting by Susan Heavey and Marianna Parraga, Reuters WASHINGTON/HOUSTON EnergiesNet.com 08 13 2024 The U.S. Treasury Department has extended through Nov. 12 a general license that protects Venezuela-owned Citgo Petroleum from creditors, according to a notice posted in the department's webpage on Monday, as a court-organized auction of shares in the parent of the Houston-based
- [Venezuela, Nigeria agree to develop two offshore gas prospects](https://energiesnet.com/venezuela-nigeria-agree-to-develop-two-offshore-gas-prospects/) - PDVSA signs deal with Veneoranto, a unit of Nigeria's Atlas Oranto. Barracuda prospect is in waters bordering Colombi. Boca de Serpiente in Plataforma Deltana borders territory claimed by Guyana Mery Mogollon, Platts S&P Global CARACAS EnergiesNet.com 08 12 2024 Venezuelan state-owned PDVSA and the Nigerian capital company Veneoranto Petroleum Ltd. signed an agreement to develop
- [India's Reliance in crude-for-naphtha swap deal with Venezuela](https://energiesnet.com/indias-reliance-in-crude-for-naphtha-swap-deal-with-venezuela/) - Nidhi Verma and Arathy Somasekhar, Reuters NEW DELHI/HOUSTON EnergiesNet.com 08 09 2024 India's Reliance Industries (RELI.NS), plans to use naptha supplies as partial payment for crude purchases from Venezuela after the refiner obtained a U.S. approval last month to resume oil trade with the sanctioned producer, three sources aware of the contract terms said. One source said Reliance will
- [Petrobras obtains environmental licenses to increase Brazil oil production](https://energiesnet.com/petrobras-obtains-environmental-licenses-to-increase-brazil-oil-production/) - Rodrigo Viga Galer, Reuters RIO EnergiesNet.com 08 09 2024 Brazil's state-run oil company Petrobras has obtained environmental licenses to expand production in two offshore fields, and could have one vessel start production earlier than expected in one field, three people with knowledge of the matter told Reuters. The licenses will allow Petrobras (PETR4.SA), to increase production in
- [Chile Blasts Venezuela Over Rights Abuses and Electoral ‘Fraud’](https://energiesnet.com/chile-blasts-venezuela-over-rights-abuses-and-electoral-fraud/) - Boric says his government won’t recognize Maduro’s victory. Leader speaks out after skirting issue alongside Lula earlier Matthew Malinowski and Simone Iglesias SANTIAGO EnergiesNet.com 08 08 2024 Chilean President Gabriel Boric accused Nicolas Maduro of trying to steal Venezuela’s election and said his administration is violating human rights, ratcheting up global criticism of last month’s contested vote.
- [Equinor Exits Suriname, Transfer Holdings to Hess](https://energiesnet.com/equinor-exits-suriname-transfer-holdings-to-hess/) - Nerijus Adomaitis and Sabrina Valle, Reuters OSLO EnergiesNet.com 08 08 2024 Equinor (EQNR.OL), and Exxon Mobil Corp (XOM.N), said on Wednesday they have transferred their stakes in a deepwater oil and gas exploration block off Suriname to Hess Corp (HES.N), with the Norwegian oil producer exiting the South American country. The exit aligns with Equinor's strategy to focus on producing
- [Venezuela: una pugna entre principios, estrategias, pragmatismo e inmoralidad - Gustavo Coronel](https://energiesnet.com/venezuela-una-pugna-entre-principios-estrategias-pragmatismo-e-inmoralidad-gustavo-coronel/) - Por Gustavo Coronel Al ver lo que está ocurriendo en Venezuela, observo cada día nuevas manifestaciones de coraje popular y de heroísmo ciudadano que refuerzan mi fe en la esencial dignidad de nuestro pueblo. Siento profundo orgullo y agradecimiento por la labor que los demócratas venezolanos han llevado a cabo, llegando hasta donde estamos hoy, con
- [Venezuela oil exports fall in July on processing outages, cargo delays](https://energiesnet.com/venezuela-oil-exports-fall-in-july-on-processing-outages-cargo-delays/) - U.S. emerged as first destination of Venezuela's crude exports . Outages reduced stocks of exportable diluted crude oil Marianna Parraga and Mircely Guanipa, Reuters HOUSTON/MARACAY EnergiesNet.com 08 07 2024 Venezuela's oil exports fell in July as crude processing units were hit by outages, reducing stocks available from the country's main producing region and increasing delays
- [Venezuela’s Strong Autocrat Was Confident of Victory. Then Came the Shock](https://energiesnet.com/venezuelas-strong-autocrat-was-confident-of-victory-then-came-the-shock/) - Venezuela’s government believed its control of all levers of power would give the country’s authoritarian president an Election Day victory. A rebellion by its supporters undid the plan. Anatoly Kumanaev, NYTimes CARACAS EnergiesNet.com 08 07 2024 For the Venezuelan government, everything seemed to be falling in place. Francisco Torrealba, a senior ruling party official, described
- [TC Energy 'bullish' on Mexico growth prospects, but cautious on its exposure](https://energiesnet.com/tc-energy-bullish-on-mexico-growth-prospects-but-cautious-on-its-exposure/) - Company hopeful on Mexican gas demand growth, LNG exports. Mexico's new president supportive of gas infrastructure. Southeast Gateway pipeline on track for 2025 completion Sheky Espejo, S&P Global Platts MEXICO CITY EnergiesNet.com 08 06 2024 TC Energy is optimistic about the growth prospects of its Mexican business, but will keep its exposure to the country
- [United Nations General Assembly President on T&T's Stance on Venezuela: A Wise, Pragmatic Choice](https://energiesnet.com/united-nations-general-assembly-president-on-tts-stance-on-venezuela-a-wise-pragmatic-choice/) - Shirley Bahadur, TT Guardian PORT SPAIN EnergiesNet.com 08 06 2024 Unit­ed Na­tions Gen­er­al As­sem­bly (UN­GA) pres­i­dent, Am­bas­sador Den­nis Fran­cis, says Trinidad and To­ba­go’s de­ci­sion to re­main neu­tral on the Venezuela pres­i­den­tial elec­tion im­passe is a “wise and prag­mat­ic” one. Fran­cis was speak­ing hours af­ter he land­ed in T&T on Sun­day for a four-day vis­it, which
- [Where Is Venezuela Headed After Its Contested Election?](https://energiesnet.com/where-is-venezuela-headed-after-its-contested-election/) - Andrew Rosati, Bloomberg News CARACAS EnergiesNet.com 08 06 2024 As Venezuela emerged from the deepest economic slump in modern history, its authoritarian president, Nicolas Maduro seemed willing to take his chances on a new, open election. Against the odds, a credible opposition candidate, Edmundo Gonzalez, was allowed to run, as Maduro sought to convince the
- [Venezuela’s Moment of Reckoning - Jon Lee Arderson](https://energiesnet.com/venezuelas-moment-of-reckoning-jon-lee-arderson/) - By Jon Lee Arserson Over the past several days, as videos have streamed out of Venezuela showing angry crowds toppling statues of the late Venezuelan strongman Hugo Chávez, I’ve experienced déjà vu more than once. Twenty-one years ago, in Baghdad, I was on hand as a crew of men and boys, assisted by a group
- [How Do You Topple a Strongman? - Jack Nicas](https://energiesnet.com/how-do-you-topple-a-strongman-jack-nicas/) - After another dubious election victory, Venezuela’s president, Nicolás Maduro, appears firmly in power. The only real potential threat, history shows, may come if his own security forces betray him. By Jack Nicas Venezuela is in another dark moment. President Nicolás Maduro, the authoritarian leader who has been in power since 2013, has declared himself the
- [Maduro’s Key Election Challenge Is a Fair Venezuela Vote (video) - Andrew Rosati](https://energiesnet.com/maduros-key-election-challenge-is-a-fair-venezuela-vote-video/) - Andrew Rosati, Bloomberg News RIO EnergyNet.com 07 26 2024 Venezuela’s autocratic president, Nicolás Maduro, is facing the biggest electoral threat of his 11-year rule on Sunday. If he comes out on top, he’ll find it challenging to convince the world his victory was legitimate. Election after election, Maduro, 61, has managed to defy the polls
- [Humiliated and Furious, Nicolas Maduro Locks Up 2,000 Venezuelans in Fiercest Crackdown of His Rule](https://energiesnet.com/humiliated-and-furious-nicolas-maduro-locks-up-2000-venezuelans-in-fiercest-crackdown-of-his-rule/) - Venezuela risks becoming a police state as its socialist regime fights to remain in power after contested election. Bloomberg News CARACAS EnergiesNet.com 08 05 2024 Long gone is the light-hearted, almost avuncular, version of Nicolás Maduro who attempted to charm the world in the lead-up to Venezuela’s presidential election. The man who took the stage
- [Venezuela's Citgo Auction Pits Icahn-Backed Oil Refiner, Creditor Group](https://energiesnet.com/citgo-auction-pits-icahn-backed-oil-refiner-creditor-group/) - Citgo ownership on the line with court-auction of shares. Bids not close to $21.3 billion in claims against Venezuela Marianna Parraga, Gary Mcwilliams and David French, Reuters HOUSTON EnergiesNet.com 08 05 2024 An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing in the last
- [Caribbean Updates: ISA elections coming up](https://energiesnet.com/caribbean-updates-isa-elections-coming-up/) - Just Caribbean Updates The International Seabed Authority (ISA), headquartered in Kingston, Jamaica, is headed to a crucial leadership election, with significant implications for the future of deep-sea mining. Leticia Carvalho, backed by Brazil, is challenging the current secretary-general, Michael Lodge, sponsored by Kiribati, reports The Guardian. The election comes as the deep-sea mining industry faces increasing
- [Assessing the Results of Venezuela’s Presidential Election-U.S. State](https://energiesnet.com/assessing-the-results-of-venezuelas-presidential-election-u-s-state/) - Assessing the Results of Venezuela’s Presidential Election Press Stateman by Antony Blinken, U.S. Secretary of State The United States applauds the Venezuelan people for their participation in the July 28 presidential election despite significant challenges. At least 12 million Venezuelans peacefully went to the polls and exercised one of the most powerful rights given to
- [Venezuela’s US-based refiner Citgo’s parent Sale Hearing Will Likely Be Postponed Until October](https://energiesnet.com/venezuelas-us-based-refiner-citgos-parent-sale-hearing-will-likely-be-postponed-until-october/) - Special master seeks more time to make decision on winning bid. Vitol Group, Gold Reserve have made bids for Citgo parent Nicolle Yapur, Bloomberg News CARACAS EnergiesNet.com 08 02 2024 The court-ordered sale of Venezuela’s US-based refiner Citgo Petroleum’s parent could be postponed for a second time after a court official requested more time to
- [Latam Brief: Maduro digs in](https://energiesnet.com/latam-brief-maduro-digs-in/) - Latin America Daily Briefing Venezuelan President Nicolás Maduro seems determined to wait out the national and international outrage over official election results that gave him a second reelection on Sunday evening. Repression is increasing: there have been at least 20 deaths related to anti-government protests this week. Opposition leader María Corina Machado said at least 11 people
- [Election Results Presented by Venezuela’s Opposition Suggest Maduro Lost Decisively](https://energiesnet.com/election-results-presented-by-venezuelas-opposition-suggest-maduro-lost-decisively/) - The Times analyzed partial voting tallies collected by the opposition. They cast further doubt on Nicolás Maduro’s declared victory. Anatoly Kurmanaev and Ethan Singer, NYTimes CARACAS/NEW YORK EnergiesNet.com 08 01 2024 Venezuela’s electoral body announced on Monday that the country’s president, Nicolás Maduro, comfortably won another six years in office, beating his main opponent by seven percentage
- [Washington Mulls Individual Sanctions Following Venezuelan Election](https://energiesnet.com/washington-mulls-individual-sanctions-following-venezuelan-election/) - Mariana Parraga and Matt Spetalnick, Reuters HOUSTON/CARACAS EnergiesNet.com 07 31 2024 The U.S. is considering fresh sanctions on Venezuela following disputed results in the country's presidential election, with measures to be released if President Nicolas Maduro fails to comply with Washington's demands for greater transparency on the vote counting, people familiar with discussions said on Tuesday.
- [Venezuelans Protest as Observers Say Presidential Vote Undemocratic (video)](https://energiesnet.com/venezuelans-protest-as-observers-say-presidential-vote-undemocratic-video/) - Independent observer says vote not democratic. Opposition asserts it won in a landslide Nicolle Yapur and Maria Elena Vizcaino, Reuters CARACAS EnergiesNet.com 07 31 2024 Protesters took to the streets across Venezuela on Tuesday, demanding that President Nicolas Maduro acknowledge he lost Sunday's election to the opposition, as a major international observer concluded the vote was undemocratic. The protests,
- [Venezuelan streets fill with protesters opposing Maduro claim of election victory (video)](https://energiesnet.com/venezuelan-streets-fill-with-protesters-opposing-maduro-claim-of-election-victory-video/) - Demonstrations spring up after Maduro awarded third term. Opposition says it won in a landslide Maduro's 'Chavista' movement has ruled since 1999. U.S. says more sanctions may follow Deisy Buitrago and Mayela Armas, Reuters CARACAS EnergiesNet.com 07 29 2024 Protesters took to streets throughout Venezuela on Tuesday, waving flags and demanding President Nicolas Maduro acknowledge he lost Sunday's
- [Venezuela standoff: Maduro declared winner of presidential election but opposition claims landslide victory (video)](https://energiesnet.com/venezuela-standoff-maduro-declared-winner-of-presidential-election-but-opposition-claims-landslide-victory-video/) - Opponents claim fraud as Maduro declared Venezuelan election winner CBS News CARACAS EnergiesNet.com 07 29 2024 Caracas, Venezuela — Venezuela's opposition claimed victory in Sunday's presidential election, setting up a showdown with the government, which earlier declared President Nicolás Maduro the winner. "Venezuelans and the entire world know what happened," opposition candidate Edmundo González said in his first
- [Venezuela's Machado says opposition candidate won 70% of the vote](https://energiesnet.com/venezuelas-machado-says-opposition-candidate-won-70-of-the-vote/) - Reporting by Julia Symmes Cobb, Reuters CARACAS EnergiesNet.com 07 29 2024 Venezuela opposition leader Maria Corina Machado said early on Monday that opposition candidate Edmundo Gonzalez won 70% of the vote in a presidential contest over the weekend. The declaration came despite the national electoral council announcing a 51% victory for President Nicolas Maduro, contradicting
- [Latam Brief: All you ever wanted to know about Venezuela's election on Sunday](https://energiesnet.com/latam-brief-all-you-ever-wanted-to-know-about-venezuelas-election-on-sunday/) - Internally, González’s support across time and multiple polls remains strong. Latin America Daily Briefing Venezuelans will vote in a watershed presidential election on Sunday. The election is neither free nor fair, Nicolás Maduro’s government has engaged in years of political repression, and drastically limited independent media and civil society. Nonetheless, it is the most significant
- [With $150 Billion in Default, Maduro Needs Sanctions Relief Fast](https://energiesnet.com/with-150-billion-in-default-maduro-needs-sanctions-relief-fast/) - Autocratic regime Venezuelan leader seeks reelection on Sunday. Key for him — and the economy — is whether vote deemed fair Andrew Rosati and Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 07 26 2024 For Venezuela’s authoritarian President Nicolas Maduro, hanging on to power might be the easy part. If the election does go his way on July
- [Venezuela awards two Chinese companies oil production JV contracts, Maduro guaranteeing 'security and stability'](https://energiesnet.com/venezuela-awards-two-chinese-companies-oil-production-jv-contracts-maduro-guaranteeing-security-and-stability/) - Anhui Erhuan Petroleum Group to enter Petrokariña JV. Kerui Petroleum awarded contract in Orinoco Oil Belt. Eamonn Brennan and Mery Mogollon, Platts S&P Global CARACAS EnergiesNet.com 07 26 2024 Venezuela has granted two Chinese companies, Anhui Erhuan Petroleum Group and Kerui Petroleum, oil production contracts in the Acema, Oritupano-Leona and Mata fields and in the
- [Iron Lady’ Inspires Venezuelans and Strikes Fear in Ruling Party](https://energiesnet.com/iron-lady-inspires-venezuelans-and-strikes-fear-in-ruling-party/) - Spurned by the country’s authoritarian president and even her own colleagues in the opposition, María Corina Machado has built the most significant voter mobilization since Hugo Chávez. Julie Turkewitz and Isayen Herrera., NYTimesPhotographs by Adriana Loureiro Fernandez BOGOTA/CARACAS EnergiesNet.com 07 25 2024 She travels the country in white, rosaries swinging from her neck. Women cry
- [Whoever wins election, Venezuela faces natural gas problem](https://energiesnet.com/whoever-wins-election-venezuela-faces-natural-gas-problem/) - Gas production fell to 4 bcfd from 8 bcfd in 2016, per Gas Energy Latin America. Opposition proposes expanding private sector's role and restructuring $150-billion debt. Maduro's government offers gas projects to foreign companies but faces unpaid debts and sanctions Marianna Parraga, Reuters CARACAS/MARACAY EnergiesNet.com 07 25 2024 Griselda Ascanio keeps an improvised wood-burning stove
- [India's Reliance Gets US OK to Import Oil From Venezuela](https://energiesnet.com/indias-reliance-gets-us-ok-to-import-oil-from-venezuela/) - Nidhi Verma, Reuters NEW DELHI EnergiesNet.com 07 24 2024 India's Reliance Industries (RELI.NS), opens new tab has received approval from the United States to resume importing oil from Venezuela despite Washington's sanctions, a source familiar with the matter said on Wednesday. The United States in April re-imposed sanctions on Venezuela's oil sector in response to President Nicolas
- [Lula Says Maduro Needs to Learn How to Lose an Election](https://energiesnet.com/lula-says-maduro-needs-to-learn-how-to-lose-an-election/) - Brazil leader also talks about US, China in interview. Maduro criticized for barring most candidates from election Simone Iglesias and Daniel Carvalho, Bloomberg News RIO EnergiesNet.com 07 23 2024 President Luiz Inacio Lula da Silva warned his long-term ally Nicolas Maduro that Venezuela’s economic future hinges on a clean election that ensures government legitimacy before the international
- [BP, PDVSA Rush to Complete Gas Deal Before Venezuela Election](https://energiesnet.com/bp-pdvsa-rush-to-complete-gas-deal-before-venezuela-election/) - Curtis Williams and Mayela Armas, Reuters HOUSTON/CARACAS EnergiesNet.com 07 23 2024 British oil and gas producer BP (BP.L), Venezuela's state oil company PDVSA and Trinidad and Tobago's National Gas Company are speeding negotiations for a Venezuelan license to develop natural gas deposits in the Caribbean Sea, four people familiar with the matter said. The companies last
- [Kamala Harris Seen as Tougher Oil Industry Opponent Than Biden](https://energiesnet.com/kamala-harris-seen-as-tougher-oil-industry-opponent-than-biden/) - As California attorney general, Harris has sued oil companies. She’s been more critical of fracking, offshore oil than Biden Jennifer A. Dlouhy and Ari Natter, Boomberg News WASHINGTON EnergiesNet.com 07 22 2024 As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp.
- [Ecopetrol in talks to buy $3.6 bln Permian's CrownRock stake from Occidental](https://energiesnet.com/ecopetrol-in-talks-to-buy-3-6-bln-permians-crownrock-stake-from-occidental/) - Ecopetrol looking at 30% stake purchase in US shale player. Ownership could go up to 49% of assets pending negotiations Reporting by Oliver Griffin, Reuters BOGOTA EnergiesNet.com 07 22 2024 Colombia's Ecopetrol (ECO.CN), opens new tab is in talks with U.S. oil producer Occidental Petroleum (OXY.N), opens new tab to possibly buy a 30% stake in shale oil producer
- [YPFB to Invest $400 Million to Drill at Latest Natural Gas Discovery](https://energiesnet.com/ypfb-to-invest-400-million-to-drill-at-latest-natural-gas-discovery/) - Reporting by Sergio Limachi LA PAZ EnergiesNet.com 07 19 2024 Bolivian state oil firm YPFB will spend around $400 million to drill gas wells and build facilities at a recently discovered natural gas "mega" field, the company said on Thursday. Production at the Mayaya field, estimated to hold 1.7 trillion cubic feet (TCF) of natural gas, should
- [Exxon clash with Chevron hinges on change of control of Hess' Guyana asset, sources say](https://energiesnet.com/exxon-clash-with-chevron-hinges-on-change-of-control-of-hess-guyana-asset-sources-say/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 07 19 2024 Exxon Mobil's (XOM.N), legal bid to stop Chevron's (CVX.N), proposed $53 billion acquisition of Hess (HES.N), rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world's largest
- [Traders Move Into Venezuela Oil Bonds as Presidential Vote Nears](https://energiesnet.com/traders-move-into-venezuela-oil-bonds-as-presidential-vote-nears/) - Spreads between sovereign and PDVSA notes have tightened. Some bet both issuers to get same treatment in a restructuring Nicolle Yapur, Maria Elena Vizcaino, and Vinícius Andrade, Bloomberg News CARACAS/NEW YORK EnergiesNet.com 07 18 2024 A new trade is gaining steam in the market for Venezuela’s defaulted bonds ahead of this month’s presidential elections: Buying the debt of
- [Experts call for 'serious' debate about fracking Mexico's vast unconventional oil, gas deposits](https://energiesnet.com/experts-call-for-serious-debate-about-fracking-mexicos-vast-unconventional-oil-gas-deposits/) - Neglecting unconventional without debate would be a 'mistake'. Country needs investment in fracking technology to exploit reserves. Natural gas industry requires long-term planning and incentives Sheky Espejo, Platss S&P Global MEXICO CITY EnergiesNet.com 07 18 2024 Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the
- [Why Is the Oil Industry Booming?](https://energiesnet.com/why-is-the-oil-industry-booming/) - High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars. Rebecca F. Elliott, NYTimes - Photographs by Desiree Rios MIDDLAN, Texas EnergiesNet.com 07 17 2024 For all of the focus on an energy transition, the American oil industry
- [US-Mexico Energy Trade Value Dipped in 2023, Despite Rise In Volume, EIA says](https://energiesnet.com/us-mexico-energy-trade-value-dipped-in-2023-despite-rise-in-volume-eia-says/) - Nicole Jao NEW YORK EnergiesNet.com 07 17 2024 The value of crude oil and fuel trade between the United States and Mexico fell nearly 15% to $66.5 billion in 2023, despite an increased trade volume, the U.S. Energy Information Administration (EIA) said on Monday. Lower fuel prices last year more than offset the increase in
- [Bolivia Govt Announces YPFB Natural Gas "Mega Field" in Biggest Discovery Since 2005](https://energiesnet.com/bolivia-govt-announces-ypfb-natural-gas-mega-field-in-biggest-discovery-since-2005/) - Reporting by Daniel Ramos, Reuters LA PAZ EnergiesNet.com 07 16 2024 Bolivian President Luis Arce on Monday announced the discovery of a 1.7 trillion cubic foot (TCF) natural gas reserve located north of the country's administrative capital, La Paz. The landlocked South American nation is facing an energy crunch linked to years of declining oil
- [Exxon Plans to Drill Up to 30 Wells for its Seventh Oil Project in Guyana](https://energiesnet.com/exxon-plans-to-drill-up-to-30-wells-for-its-seventh-oil-project-in-guyana/) - Sabrina Valles, Reuters HOUSTON/GEORGETOWN EnergiesNet.com 07 16 2024 Exxon Mobil Corp (XOM.N), plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in
- [Vista Reaps More From Crude Sales as Argentina Frees Oil Markets](https://energiesnet.com/vista-reaps-more-from-crude-sales-as-argentina-frees-oil-markets/) - Jonathan Gilbert, Bloomberg News BUENOS AIRES EnergiesNet.com 07 15 2024 Argentine shale driller Vista Energy charged export prices for more than 40% of crude that it sold to domestic refiners in the second quarter — the clearest sign yet that the South American country’s moves to free up oil markets under President Javier Milei are
- [Why Venezuela’s Election Might Actually Matter This Time](https://energiesnet.com/why-venezuelas-election-might-actually-matter-this-time/) - Patricia Laya and Andreina Itriago Acosta, Bloomberg News CARACAS EnergiesNet.com 07 15 2024 There’s little to trust about Venezuelan elections, which is why the vote on July 28 has become an interesting one. Nicolás Maduro has had a firm grip on the country’s presidency since 2013, when he succeeded his late mentor and predecessor, Hugo Chávez. Of
- [Nearly a Million Homes, Businesses in Texas Still Without Power After Hurricane Beryl](https://energiesnet.com/why-cant-houston-keep-the-power-on-video/) - Arathy Somasekhar, Reuters HOUSTON EnergiesdNet.com 07 12 2024 Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy , the largest power provider in Texas, said about 860,000 of its customers
- [Caribbean Updates: Grenada to form climate justice task force with CARICOM](https://energiesnet.com/caribbean-updates-grenada-to-form-climate-justice-task-force-with-caricom/) - Just Caribbean Updates Grenada is forming a task force to advocate for climate justice following Hurricane Beryl, which severely impacted the islands of Carriacou, Petite Martinique, and others. The task force will work with CARICOM, small island developing states, and international communities to secure financial resources for rebuilding efforts. Prime Minister Dickon Mitchell stated that
- [Beryl harbinger of earlier, stronger storms](https://energiesnet.com/caribbean-update-beryl-harbinger-of-earlier-stronger-storms/) - Just Caribbean Updates Hurricane Beryl became the earliest Category 5 Atlantic hurricane on record on Sunday. The hurricane has resulted in power outages, flooding, and infrastructure damage across affected islands including Barbados, Grenada, and St. Vincent and the Grenadines. In Grenada, roofs were blown off and critical facilities damaged. (CNN) “For the major emitters of
- [Chevron and Hess say US FTC merger review expected for third quarter](https://energiesnet.com/chevron-and-hess-say-us-ftc-merger-review-expected-for-third-quarter/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 07 12 2024 Oil producers Chevron Corp (CVX.N), and Hess Corp (HES.N), expect the U.S. Federal Trade Commission will review their proposed merger in the third quarter, the companies said in a statement on Thursday. Bloomberg News reported earlier on Thursday the FTC planned to delay its decision on whether to block Chevron's
- [Energy transition poses financial risks: Pemex](https://energiesnet.com/energy-transition-poses-financial-risks-pemex/) - Mexico's state-owned Pemex is bracing for significant financial impacts from lower fuel demand in the next decade, driven by the global energy transition, leading it to make plans to adapt and diversify its operations. Antonio Gozain, Argus Media MEXICO CITY EnmergiesNet.com 07 11 2024 Pemex expects reduced demand for oil products, increased volatility in oil
- [Venezuela Mogul Ricardo Cisneros Partners With PDVSA in New Oil Venture](https://energiesnet.com/venezuela-mogul-ricardo-cisneros-partners-with-pdvsa-in-new-oil-venture/) - Cisneros will enter a JV with PDVSA in the western Zulia state JV projected to quadruple production to 50,000 b/d by 2026 Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 07 11 2024 Venezuela business mogul Ricardo Cisneros signed a deal with Petróleos de Venezuela SA as the government offers greater control of the energy industry to
- [BP's scenarios see more room for oil and gas to 2050](https://energiesnet.com/bps-scenarios-see-more-room-for-oil-and-gas-to-2050/) - BP's latest scenarios for oil and gas demand to 2050 show that, whether the energy transition is speedy or slow, consumption will be higher at the mid-century stage than it previously thought. Jon Mainwaring, Argus Media LONDON EnmergiesNet.com 07 10 2024 This year's BP Energy Outlook, published today, focuses on two scenarios, both at the extreme
- [Shell takes final investment decision to develop Manatee gas field offshore Trinidad](https://energiesnet.com/shell-takes-final-investment-decision-to-develop-manatee-gas-field-offshore-trinidad/) - Reporting by Curtis Williams, Reuters HOUSTON EnergiesNet.com 07 10 2024 Shell PLC (SHEL.L), has taken a final investment decision (FID) to develop its 2.7 trillion cubic feet (tcf) Manatee natural gas field offshore Trinidad, the company announced on Tuesday. Manatee will produce at peak over 600 million cubic feet of gas per day (mcf/d) which will
- [Venezuelan law governs the validity of PDVSA's 2020 bonds, rules the New York State Court of Appeals for the Second Circuit](https://energiesnet.com/venezuelan-law-governs-the-validity-of-pdvsas-2020-bonds-rules-the-new-york-state-court-of-appeals-for-the-second-circuit/) - The Second Circuit Court of Appeals unanimously agreed with the Ad Hoc Board's position that Venezuelan law (including provisions of the Venezuelan Constitution) governed the validity of the bonds. EnergiesNet NUEVA YORK EnergiesNet.com 08 08 2024 Decision of the Second Circuit Court of Appeals The Ad Hoc Board of Petróleos de Venezuela S.A. (PDVSA), which
- [Brazil and Bolivia negotiate energy integration](https://energiesnet.com/brazil-and-bolivia-negotiate-energy-integration/) - The aim is to improve supply security and allow energy exchange and surplus sales to Bolivians Rafael Bitencourt, Valos BRASILIA EnergiesNet.com 07 09 2024 Alexandre Silveira, Brazil’s minister of Mines and Energy, leads the Brazilian government delegation that traveled on Monday (8) to Santa Cruz de la Sierra, Bolivia, to finalize details of at least
- [Weakened real, Brent pressure Petrobras to raise fuel prices](https://energiesnet.com/weakened-real-brent-pressure-petrobras-to-raise-fuel-prices/) - Company’s new CEO and CFO reiterated last week that they see no reason to change pricing policy Kariny Leal, Valor RIO EnergiesNet.com 07 09 2024 Despite the recent appreciation of the real and a relief in Brent oil prices on Friday, Petrobras’s fuel prices in the domestic market remain disconnected from import parity, according to analysts consulted by Valor. The state-run company
- [Oil ends lower Monday as Beryl weakens and Israel-Hamas cease-fire talks ease supply worries](https://energiesnet.com/oil-ends-lower-monday-as-beryl-weakens-and-israel-hamas-cease-fire-talks-ease-supply-worries/) - WTI, Brent prices settle at lowest in over a week Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 07 08 2024 Oil futures settled at their lowest level in over a week on Monday as the storm in the Gulf of Mexico known as Beryl weakened, posing less of a threat to
- [Brazilian Industry Reps to Travel with Lula to Bolivia in Bid to Obtain Cheaper Gas](https://energiesnet.com/brazilian-industry-reps-to-travel-with-lula-to-bolivia-in-bid-to-obtain-cheaper-gas/) - Fabio Teixeira, Reuters RIO EnergiesNet.com 07 08 2024 Brazilian industry representatives will travel with President Luiz Inacio Lula da Silva to Bolivia next week, in a bid to obtain natural gas that should become available after expiration of a supply deal to Argentina, the representatives told Reuters. Argentina has a supply contract with state-run Bolivian
- [Carlos Slim’s Firm to Invest $1.2 Billion in Mexican Gas Field](https://energiesnet.com/carlos-slims-firm-to-invest-1-2-billion-in-mexican-gas-field/) - Cyntia Barrera Diaz, Bloomberg News MEXICO CITY EnergiesNet.com 07 08 2024 A company controlled by Mexico’s richest person, Carlos Slim, is investing $1.2 billion to develop a vast field in the Gulf of Mexico that is expected to produce gas around 2026, a potential model for how Mexico’s state oil company will work with private enterprise.
- [Latam Brief: Venezuela presidential campaign starts officially](https://energiesnet.com/latam-brief-venezuela-presidential-campaign-starts-officially/) - Latin America Daily Briefing Venezuela’s presidential campaign season officially started yesterday — the vote will be July 28, amid significant uncertainty. President Nicolás Maduro faces his most serious challenge yet as opinion polls favor the opposition, but in a context of ongoing repression against critics, nobody expects a fair election. Experts say Maduro is unlikely
- [Mexico on 'red alert' as Category 3 Hurricane Beryl closer to landfall (video)](https://energiesnet.com/mexico-on-red-alert-as-category-3-hurricane-beryl-closer-to-landfall-video/) - Jose Cortes and Paola Chiomante, Reuters TULUM/CANCUN, Mexico EnergiesNet.com 07 05 2024 Mexico's top tourist destinations went on "red alert" early on Friday as Hurricane Beryl, a Category 3 storm, was expected to hit land in the wake of a deadly trail of destruction across several Caribbean islands. Beryl, packing maximum winds of 115 mph
- [Peru and Ecuador to join efforts on security and oil integration ](https://energiesnet.com/peru-and-ecuador-to-join-efforts-on-security-and-oil-integration/) - Report by Marco Aquino, Reuters LIMA EnergiesNet.com 07 05 2024 The presidents of Peru and Ecuador pledged to join efforts to fight transnational organized crime and also discussed new possibilities for oil processing, Peruvian Dina Boluarte said on Thursday. Boluarte made the remarks in Lima after meeting with her Ecuadorian counterpart, Daniel Noboa, in which
- [US resumes talks with Venezuela, pushes for fair July 28 election](https://energiesnet.com/us-resumes-talks-with-venezuela-pushes-for-fair-july-28-election/) - Vivian Sequera and Matt Spetalnick, Reuters CARACAS/WASHINGTON EnergiesNet.com 07 04 2024 Senior U.S. and Venezuelan officials restarted talks on Wednesday, with Washington saying it urged President Nicolas Maduro's government to ensure that elections scheduled for July 28 will be "competitive and inclusive." Venezuela's chief negotiator Jorge Rodriguez said the two sides agreed during the virtual meeting to
- [Venezuelan opposition gets US court boost in dispute over Citgo-backed bonds](https://energiesnet.com/venezuelan-opposition-gets-us-court-boost-in-dispute-over-citgo-backed-bonds/) - Jonathan Stempel, Reuters NEW YORK EnergiesNet.com 07 04 2024 A U.S. appeals court on Wednesday set aside a judge's ruling that bondholders had valid claims against Venezuela's state-run oil company related to its U.S. refiner Citgo, and directed the judge to apply Venezuela law in assessing the claims. The decision by the 2nd U.S. Circuit
- [Icahn-Owned Oil Refiner CVR Bidding in Citgo Share Auction](https://energiesnet.com/icahn-owned-oil-refiner-cvr-bidding-in-citgo-share-auction/) - Gary Mcwilliams and Marianna Parraga, Reuters HOUSTON EnergiesNet.com 07 03 2024 Oil refiner CVR Energy (CVI.N), controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, according to three people familiar with the matter. Icahn controls about 66% of shares in CVR,
- [Several Competitive Bids in Auction of Citgo Parent, Court Moves Final Hearing to September 19](https://energiesnet.com/several-competitive-bids-in-auction-of-citgo-parent-court-moves-final-hearing-to-september-19/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 03 2024 The second bidding round for shares in refiner Citgo Petroleum's parent was "successful," with several competitive bids received last month by a U.S. federal court, a representative of the court officer overseeing the sale process said on Tuesday. The case, aimed at paying up to $21.3 billion
- [Oil prices end lower Tuesday as concern over Hurricane Beryl’s impact on U.S. output eases](https://energiesnet.com/oil-prices-end-lower-tuesday-as-concern-over-hurricane-beryls-impact-on-u-s-output-eases/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 07 02 2024 Oil futures settled with a loss on Tuesday, with prices giving up early gains as concerns that powerful Hurricane Beryl could cause disruptions to offshore crude production in the Gulf of Mexico eased, for now. Expectations for heavy travel around the
- [OPEC Crude Production Steady While Some Members Exceed Limits](https://energiesnet.com/opec-crude-production-steady-while-some-members-exceed-limits/) - Grant Smith, Julian Lee and Bill Lehane, Bloomberg News LONDON Energiesnet.com 07 02 2024 OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits. The Organization of Petroleum Exporting Countries produced an average of 26.98 million barrels a day in June, or 80,000 a day less than
- [Petroecuador expects more crude with fewer wells](https://energiesnet.com/petroecuador-expects-more-crude-with-fewer-wells/) - Alberto Araujo, Argus Media QUITO Energiesnet.com 07 02 2024 State-owned oil company Petroecuador will drill fewer wells this year than first planned but still expects to produce 5,000 b/d more crude than initially forecast for 2024, according to the work plan of interim chief executive Diego Guerrero. Petroecuador plans to drill 90 wells this year,
- [Venezuela Data: June oil production rises to 908,000 b/d-Platts](https://energiesnet.com/venezuela-data-june-oil-production-rises-to-908000-b-d/) - Mery Mogollon, Platts S&P Global CARACAS Energiesnet.com 07 02 2024 Venezuela's crude output has risen to average 908,000 b/d in June, up 10,000 b/d from May and up from 760,000 b/d in October 2023, when the US partially eased sanctions on the country's oil and gas sector, according to a preliminary PDVSA production report reviewed
- [Mexico’s Sheinbaum Declines to ‘Draw the Line’ With AMLO](https://energiesnet.com/mexicos-sheinbaum-declines-to-draw-the-line-with-amlo/) - Maya Averbuch, Bloomberg News MEXICO CITY EnergiesNet.com 07 02 2024 Mexico’s President-elect Claudia Sheinbaum chafed against the suggestion she should draw a line with President Andres Manuel Lopez Obrador, saying that it would be a betrayal of the Mexican people. “I read in a newspaper, ‘Claudia should draw a line with Andres Manuel Lopez Obrador,’ but
- [Venezuela's Maduro accepts proposal to restart direct U.S. talks (video)](https://energiesnet.com/venezuelas-maduro-accepts-proposal-to-restart-direct-u-s-talks-video/) - Reporting by Vivian Sequera, Reuters CARACAS EnergiesNet.com 07 02 2024 Venezuelan President Nicolas Maduro said on Monday that he has accepted a proposal to restart direct talks with the United States. "After thinking about it, I have accepted and next Wednesday the talks will restart with the United States government to comply with the agreements
- [Cuban Ministry of Energy, CUPET, and IN-VR lead collaborative push for energy innovation at the Cuba Energy Summit](https://energiesnet.com/cuban-ministry-of-energy-cupet-and-in-vr-lead-collaborative-push-for-energy-innovation-at-the-cuba-energy-summit/) - IN-VR, Events HAVANA, Cuba EnergiesNet.com 07 01 2024 Cuba is calling for Energy investors - Energy companies, service providers, and governmental authorities will gather at the forthcoming Cuba Energy Summit, taking place 4th to 6th December 2024 in Havana, Cuba. For the first time in over five years, Cuba is hosting a meeting platform for
- [US Court May Put Off Hearing on Citgo Bids to September on Auction Manager Request](https://energiesnet.com/us-court-may-put-off-hearing-on-citgo-bids-to-september-on-auction-manager-request/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 07 01 2024 A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a motion filed with the court on Friday. The Delaware court officer evaluating bids
- [Colombia’s Ecopetrol Is in Talks With Traders to Buy LNG](https://energiesnet.com/colombias-ecopetrol-is-in-talks-with-traders-to-buy-lng/) - Ruth Liao and Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 07 01 2024 Colombia’s state energy company Ecopetrol SA is in talks with suppliers of liquefied natural gas as the nation’s domestic gas production dwindles, according to people familiar with the matter. Officials are particularly interested in LNG from the US, said the people, who asked not
- [Energy Transition: Valeska Hernandez and Her Agency TVA Participate in The London Climate Action Week 2024](https://energiesnet.com/energy-transition-valeska-hernandez-and-her-agency-tva-participate-in-the-london-climate-action-week-2024/) - EnergiesNet LONDON Enegiesnet.com 07 01 2024 Valeska Hernandez, with more than 15 years of experience in the energy sector and her global agency The Visionist Advisers (TVA), participated in the London Climate Action Week 2024. The summit attracts industry leaders, policymakers, and activists focused on critical themes like a clean energy future and ongoing energy
- [Turkish Billionaire to Fund $750 Million Venezuela Plant](https://energiesnet.com/turkish-billionaire-to-fund-750-million-venezuela-plant/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 06 28 2024 Turkish billionaire Robert Yuksel Yildirim’s holding company signed a $750 million investment for the construction of an ammonia plant in eastern Venezuela, according to a senior government official. Venezuela’s state-owned petrochemical company, known as Pequiven, signed a deal with Yildirim Group for the construction of a plant
- [Sheinbaum Names Ally Luz Elena Gonzalez as Energy Minister](https://energiesnet.com/sheinbaum-names-ally-luz-elena-gonzalez-as-energy-minister/) - Diego Oré, Reuters MEXICOCITY EnergiesNet.com 06 28 2024 Mexican President-elect Claudia Sheinbaum named close ally and former Mexico City finance chief Luz Elena Gonzalez as incoming energy minister, tasking her with revitalizing a struggling state oil company and increasing the use of renewables. Sheinbaum, a former mayor of the Mexican capital, won a landslide election this month,
- [A Mountain of Asset Sales Loom After Oil Megamerger Era](https://energiesnet.com/a-mountain-of-asset-sales-loom-after-oil-megamerger-era/) - Shariq Khan, Sabrina Valle and Arathy Somasekhar, Reuters NEW YORK/HOUSTON EnergiesNet.com 06 27 2024 U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory
- [Complex Bids Could Extend Citgo Auction Evaluation](https://energiesnet.com/complex-bids-could-extend-citgo-auction-evaluation/) - Marianna Parraga and Gary Mcwilliams, Reuters HOUSTON EnergiesNet.com 06 27 2024 A U.S. federal court will likely extend a period for reviewing bids submitted in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, three people close to the matter said, which would delay a resolution to the seven-year-long case. The court-organized
- [Guyana Committed to Gas to Energy Project, Selects Former Exxon Exec's Firm to Engage with Exxon](https://energiesnet.com/guyana-committed-to-gas-to-energy-project-selects-former-exxon-execs-firm-to-engage-with-exxon/) - Sabrina Valle and Kemol King, Reuters HOUSTON EnergiesNet.com 06 26 2024 A newly formed company headed by a former Exxon Mobil (XOM.N), executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said. Fulcrum LNG offered "the most comprehensive and technically
- [Venezuela Resorts to Dark Fleet to Supply Oil to Ally Cuba](https://energiesnet.com/venezuela-resorts-to-dark-fleet-to-supply-oil-to-ally-cuba/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 26 2024 Venezuela's state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles, according to documents and ship monitoring services. Cuba and its main oil supplier, Venezuela,
- [Mexico's New Pemex Olmeca Refinery Still Needs Important Work, Is Far From Ready](https://energiesnet.com/mexicos-new-pemex-olmeca-refinery-still-needs-important-work-is-far-from-ready/) - Adriana Barrera and Stefanie Eschenbacher, Reuters MEXICO CITY EnergiesNet.com 06 25 2024 Mexican state energy company Pemex is unlikely to produce any commercially viable motor fuels at its new Olmeca refinery before the end of the year, five sources said, despite pressure that it should be ready before the outgoing president's term ends. President Andres Manuel Lopez
- [Mexico’s Fuel Imports Rise, Impeding AMLO’s Energy Independence Goal](https://energiesnet.com/mexicos-fuel-imports-rise-impeding-amlos-energy-independence-goal/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNews.com 06 25 2024 Mexico’s state oil company imported 11% more gasoline in May than the previous month, a sign it’s struggling to live up to President Andres Manuel Lopez Obrador’s goal of making the nation self-sufficient when it comes refining. Petroleos Mexicanos’ gasoline imports grew to 358,500 barrels
- [Ecuador Braces for More Blackouts After Problematic Hydro Plant Goes Offline and Rivers Threaten Pipeline](https://energiesnet.com/ecuador-braces-for-more-blackouts-after-problematic-hydro-plant-goes-offline-and-rivers-threaten-pipeline/) - Stephan Kueffner, Bloomberg News QUITO EnergiesNet.com 06 24 2024 Ecuador is bracing for more rolling blackouts after a surge of silt forced its biggest hydroelectric plant to go offline early on Friday. “Power cuts are necessary,” state-run electrical operator CENACE said in a statement after the Coca-Codo Sinclair hydroelectric facility was shut. Local power companies
- [Brazil Is Oil Market Wildcard After Near-Million-Barrel Plunge](https://energiesnet.com/brazil-is-oil-market-wildcard-after-near-million-barrel-plunge/) - Peter Millar, Bloomberg News RIO EnergiesNet.com 06 24 2024 Brazil’s rebound from a stunning collapse in oil production promises to complicate OPEC efforts to micromanage global supplies and prices. Daily crude output in the South American powerhouse kicked off the year at 3.73 million barrels, then plummeted nearly 25% as roustabouts crawled all over mammoth
- [The Solar Forecast Is Clouding Up. Here's Who Wins and Loses. - Laura Sanicola](https://energiesnet.com/the-solar-forecast-is-clouding-up-heres-who-wins-and-loses-laura-sanicola/) - By Laura Sanicola Solar is booming in the U.S., but picking sector winners is only getting tougher as new trade barriers take hold. The industry is benefitting from consumer and corporate tax breaks in the Inflation Reduction Act. Demand is getting a lift from a drop in panel prices, while domestic panel production and installations
- [Puerto Rico Will Not Go Quietly Into the Dark - Yarimar Bonilla](https://energiesnet.com/puerto-rico-will-not-go-quietly-into-the-dark-yarimar-bonilla/) - By Yarimar Bonilla This month a massive outage left over 350,000 customers in San Juan, P.R., without power, including my 96-year-old grandmother and 75-year-old mom. Amid a record-breaking heat wave, my mom struggled to keep my grandmother cool with a battery-operated fan. The frustration and fear in my mother’s voice as we spoke on the
- [What Is the Opposite of Oil Drilling? - Michelle Nijhuis](https://energiesnet.com/what-is-the-opposite-of-oil-drilling-michelle-nijhuis/) - By Michelle Nijhuis Monte Markley, a geologist who lives on a farm near Wichita, Kansas, describes his job as “putting things underground and keeping them there.” As an environmental consultant, he specializes in disposing of industrial waste in subterranean rock formations. “All through my career, I’ve helped industries deal with the things that come out
- [Russian fleet in Caribbean](https://energiesnet.com/russian-fleet-in-caribbean/) - Just Caribbean Updates Russia has deployed aircraft and combat navy vessels to the Caribbean, where they will carry out military exercises in coming weeks. Four Russian warships, including the nuclear-powered submarine Kazan and the frigate Admiral Gorshkov, entered Havana Bay yesterday. The drills are similar to those that have been carried out regularly in the
- [Sheinbaum's continuity, technocrat cabinet](https://energiesnet.com/latin-brief-sheinbaums-continuity-technocrat-cabinet/) - Latin America Daily Briefing Mexican president-elect Claudia Sheinbaum named several veteran, political heavyweights to her incoming cabinet — the names indicate continuity with the current administration, but also Sheinbaum’s personal emphasis on technocracy. (Animal Político) Marcelo Ebrard, former foreign minister under President Andrés Manuel López Obrador, will be economy minister — a particularly key post
- [PDVSA Ad Hoc Highlights Progress in the Defense of CITGO's Assets](https://energiesnet.com/pdvsa-ad-hoc-highlights-progress-in-the-defense-of-citgos-assets/) - EnergiesNet CARACAS EnergiesNet.com 06 21 2024 The Ad Hoc Administrative Board of Petróleos de Venezuela, S.A. (PDVSA Ad Hoc) informs the Venezuelan public opinion, the international community and all interested parties, about the important advances and significant differences in the management and defense of CITGO's assets since its establishment in 2019, in light of the
- [Strike at Brazil Environmental Agency Impacts Petrobras' Equatorial Margin Drilling Request](https://energiesnet.com/strike-at-brazil-environmental-agency-impacts-petrobras-equatorial-margin-drilling-request/) - Rodrigo Viga Gaier, Reuters RIO Energiesnet.com 06 21 2024 The ongoing strike at Brazil's environmental agency Ibama is impacting the analysis of Petrobras' request (PETR4.SA), to drill a well in the Equatorial Margin, an Ibama official told Reuters on Thursday. Itagyba Neto, who handles the agency's licensing for marine and coastal ventures, added that Petrobras has
- [Hess Sale to Chevron Stalled, Exxon-Hess Arbitration Panel Incomplete](https://energiesnet.com/hess-sale-to-chevron-stalled-exxon-hess-arbitration-panel-incomplete/) - Sabrina Valle, Reuters HOUSTON Energiesnet.com 06 21 2024 A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp (HES.N), to Chevron (CVX.N), remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil (XOM.N), has a right of first refusal over Hess' Guyana operations. The third and final arbitrator has
- [Lula Says Petrobras Should Be Profitable in Nod to Shareholders](https://energiesnet.com/lula-says-petrobras-should-be-profitable-in-nod-to-shareholders/) - Mariana Durao and Simone Iglesias, Bloomberg News RIO/BRASILIA EnergiesNet.com 06 19 2024 Brazilian President Luiz Inacio Lula da Silva said he wants Petrobras to be profitable in an apparent effort to ease investor concerns about the direction of the state-controlled oil producer. “Nobody wants any shareholder to lose money,” Lula said Wednesday at a ceremony
- [Massive Power Blackout Hits the Entire Nation of Ecuador](https://energiesnet.com/massive-power-blackout-hits-the-entire-nation-of-ecuador/) - Stephan Kueffner, Bloomberg News QUITO EnergiesNet.com 06 19 2024 A blackout hit the whole of Ecuador on Wednesday, leaving the nation of 18 million without power. Energy Minister Roberto Luque blamed the massive outage on a incident with a transmission line in southern Ecuador which triggered a “cascading disconnection.” The blackout was the first of its
- [Bolivia, a Declining Gas Giant Eyes New Role Piping Argentine Gas to Brazil](https://energiesnet.com/bolivia-a-declining-gas-giant-eyes-new-role-piping-argentine-gas-to-brazil/) - Sergio Mendoza, Bloomberg News LA PAZ EnergiesNet.com 06 19 2024 Bolivia is offering its pipelines to transport natural gas from Argentina’s Vaca Muerta field to Brazil, potentially bringing in urgently-needed dollars to the crisis-hit Andean nation. State energy company Yacimientos Petroliferos Fiscales Bolivianos, or YPFB, currently transports Bolivian gas to Argentina, but this contract expires in
- [Mexico GHG Program Still in Limbo: MexiCO2](https://energiesnet.com/mexico-ghg-program-still-in-limbo-mexico2/) - Denise Cathey, Argus Media HOUSTON EnergiesNet.com 06 19 2024 Despite Mexico's election of a new president with a background in climate science, it is not clear if the new leadership will revive a stalled national emission trading system (ETS), according to one of the country's top carbon market advocates. President-elect Claudia Sheinbaum, the candidate for
- [Petrobras Chambriard Names New Management Team with Long History in State-Run Firms](https://energiesnet.com/petrobras-chambriard-names-new-management-team-with-long-history-in-state-run-firms/) - Reporting by Fabio Teixeira and Marta Nogueira, Reuters RIO EnbergiesNet.com 06 17 2024 The chief executive of Brazilian state-run oil company Petrobras (PETR4.SA) , Magda Chambriard, has announced her new management team, with the appointment of three directors with technical know-how and a long history in the country's state-run firms. Fernando Melgarejo, appointed as chief financial
- [Financial Alliances Build as Citgo Share Auction Enters Last Mile](https://energiesnet.com/financial-alliances-build-as-citgo-share-auction-enters-last-mile/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 18 2024 At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum's parent, and three have secured financing commitments for Venezuela's foreign crown jewel, people close to the matter said. In the last mile of an unprecedented auction to pay
- [PDVSA-Chevron Oil Joint Venture Could Extend its Contract Through 2047](https://energiesnet.com/pdvsa-chevron-oil-joint-venture-could-extend-its-contract-through-2047/) - Deisy Buitrago, Reuters CARACAS EnergiesNet.com 06 18 2024 Venezuela's National Assembly on Monday began discussing a proposal to extend through 2047 a contract between state oil company PDVSA and U.S. company Chevron (CVX.N), to operate a joint venture in the country's largest producing area. PDVSA and Chevron have four joint ventures in Venezuela that are producing some
- [Argentina’s Union Calls  48 Hrs. Strike, to Affect Vaca Muerta Production](https://energiesnet.com/argentinas-union-calls-48-hrs-strike-to-affect-vaca-muerta-production/) - Report by Hernán Nessi, Reuters BUENOS AIRES EnergiesNet.com 06 17 2024 Argentina's largest oil union said on Saturday it will strike for 48 hours starting Tuesday to demand higher salaries, a move that will affect production at the giant Vaca Muerta shale formation. The Vaca Muerta hydrocarbon formation is the world's second-largest shale gas reserve
- [‘Why Don’t You Give Me Likes?’: Maduro Wants to Ditch Despot Image](https://energiesnet.com/why-dont-you-give-me-likes-maduro-wants-to-ditch-despot-image/) - Convincing Venezuelans—particularly younger ones—of a softer image is part of a bid for legitimacy at home and abroad ahead of the July presidential vote, especially after having violated a deal for fair and free elections By Patricia Laya and Andreina Itriago Acosta June 13, 2024 at 5:00 PM GMT-4 The cavernous lobby of the Humboldt hotel atop the
- [Sheinbaum seen tapping political heavyweights for state energy jobs](https://energiesnet.com/sheinbaum-seen-tapping-political-heavyweights-for-state-energy-jobs/) - Diego Oré, Reuters Mexico City EnergiesNet.com 06 13 2024 Mexico's former foreign minister, the scion of a legendary political family, and a party boss are in contention for top energy-related jobs in President-elect Claudia Sheinbaum's government, sources said, suggesting political savvy will trump technical expertise in running state energy companies. The cabinet of President-elect Claudia
- [US court to allow Citgo share-auction bidders to raise offers  (video)](https://energiesnet.com/us-court-to-allow-citgo-share-auction-bidders-to-raise-offers-video/) - Gary Mcwilliams and Marianna Parraga, Reuters HOUSTON Energiesnet.com 06 13 2024 A U.S. court overseeing the auction of shares in Venezuela-owned Citgo Petroleum's parent has told bidders seeking to acquire the seventh-largest U.S. oil refiner they may raise their offers after Tuesday's filing deadline, one of the groups said. Tuesday was the court's deadline for
- [America Is Losing the Arab World - M. Robbins, A. Jamal, and M.Tessler](https://energiesnet.com/america-is-losing-the-arab-world-m-robbins-a-jamal-and-m-tessler/) - By Michael Robbins, Amaney A. Jamal, and Mark Tessler October 7, 2023, was a watershed moment not just for Israel but for the Arab world. Hamas’s horrific attack occurred just as a new order appeared to be emerging in the region. Three years earlier, four members of the Arab League—Bahrain, Morocco, Sudan, and the United
- [Climate Policy Is Working - Kelly Sims Gallagher](https://energiesnet.com/climate-policy-is-working-kelly-sims-gallagher/) - By Kelly Sims Gallagher Climate change is not just transforming the environment: it is also exacting a marked toll on mental health. In July 2023, scientists at Yale published a study of the psychological effects of climate change on adults in the United States and found that seven percent were experiencing mild to severe climate-related
- [US imposes sanctions on former Exxon contractor in Guyana over alleged fraud](https://energiesnet.com/us-imposes-sanctions-on-former-exxon-contractor-in-guyana-over-alleged-fraud/) - Sabrina Valle and Rami Ayyub, Reuters WASHINGTON EnergiesNet.com 06 12 2024 The United States on Tuesday imposed sanctions on Guyanese mining magnate Nazar Mohamed and his son Azruddin over allegations they defrauded Guyana's government of tax revenues and bribed public officials, the Treasury Department said. A company owned by the Mohameds was formerly part of
- [US court receives offers for Citgo's parent, credit bid submitted](https://energiesnet.com/us-court-receives-offers-for-citgos-parent-credit-bid-submitted/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 12 2024 A U.S. federal court accepted binding offers through Tuesday for shares in the parent of Venezuela-owned refiner Citgo Petroleum, a crucial step in a long-running case where 18 creditors are seeking up to $21.3 billion for past expropriations and debt defaults. The share auction, organized in Delaware
- [Europe's greens take a beating at the polls - Joel Kirkland](https://energiesnet.com/europes-green-take-a-beating-at-the-polls-joel-kirkland/) - By Joel Kirkland Climate action on the other side of the Atlantic flourished after the “green wave” and “quiet revolution” of the 2019 elections elevated the Green Party into a force in the European Parliament. Five years later, a reversal of political fortunes in Europe could upend the move to zero-carbon energy and a hard
- [Guyana, Suriname, Trinidad & Tobago Synergies Will Create Economic Growth in Caribbean Region – Chen](https://energiesnet.com/guyana-suriname-trinidad-tobago-synergies-will-create-economic-growth-in-caribbean-region-chen/) - By The Energy Republioc (TER) TER: WHAT ARE THE MISSION, VISION, AND MAIN FOCUS AREAS OF THE CARIBBEAN ENERGY CHAMBER Chen: The mission and vision of the Caribbean Energy Chamber (CEC) are “to ensure affordable net-zero energy security for the Caribbean”. CEC recognizes that it will take a series of step changes and an energy transition
- [Latam Brief: Sheinbaum invites debate on Plan C](https://energiesnet.com/latam-brief-sheinbaum-invites-debate-on-plan-c/) - Latin America Daily Briefing Mexican president-elect Claudia Sheinbaum said she will encourage broad discussions over constitutional reforms advocated by her political mentor, President Andrés Manuel López Obrador. The most controversial is a judicial overhaul that would make Supreme Court judges an electoral position, a proposal that has spooked markets as investors fear an accelerated reform
- [Eletrobras signs $878 million deal to sell gas-fired plants](https://energiesnet.com/eletrobras-signs-878-million-deal-to-sell-gas-fired-plants/) - Reporting by Luana Maria Benedito and Leticia Fucuchima, Reuters SÃO PAULO EnergiesNet.com 06 11 2024 Brazil's Eletrobras, Latin America's largest utility, has signed a deal to sell its portfolio of thermoelectric power plants to Ambar Energia for a total 4.7 billion reais ($878.01 million), it said in a securities filing on Monday. The deal's price
- [Venezuela creditors with top priority in Citgo share auction](https://energiesnet.com/venezuela-creditors-with-top-priority-in-citgo-share-auction/) - Marianna Parraga, Reuters HOUSTON Energiesnet.com 06 11 2024 Companies submitting bids through Tuesday in a U.S. court-ordered auction of shares in Citgo Petroleum parent PDV Holding must present proposals to pay holders of 2020 bonds issued by Venezuela state oil firm PDVSA. The court is auctioning shares in a parent of Venezuela's foreign crown jewel, Houston-based Citgo,
- [Milei Begins to Slash Energy Subsidies for Low-Income Argentines](https://energiesnet.com/milei-begins-to-slash-energy-subsidies-for-low-income-argentines/) - Manuela Tobias, Bloomberg News BUENOS AIRES Energies>com 06 10 2024 Electricity bills will soar this month for most Argentine households heading into a particularly harsh winter as President Javier Milei marches on with economic shock therapy. For the first time since Milei took office, low-income homes will see the energy cost of their utility bills double
- [Chile President Gabriel Boric Puts Clean Energy at Center of Key Trip to Europe](https://energiesnet.com/chile-president-gabriel-boric-puts-clean-energy-at-center-of-key-trip-to-europe/) - Emma Sanchez, Bloomberg News SANTIAGO EnergiesNet.com 06 10 2024 Chile’s President Gabriel Boric will bring his clean energy pitch to Europe as he works to keep the country at the forefront of the global green transition. Boric will embark this weekend for a trip to Germany, Sweden, Switzerland and France, according to a press release. He
- [Brazil Meat Tycoons Expand in Oil and Gas With Bolivia Deal](https://energiesnet.com/brazil-meat-tycoons-expand-in-oil-and-gas-with-bolivia-deal/) - Peter Millard and Mariana Durao, Bloomberg News RIO Energiesnet.com 06 10 2024 Brazil’s Batista brothers are expanding the family energy footprint in oil and gas with the acquisition of a company that has three natural-gas fields in the Tarija-Chaco basin in Bolivia. Fluxus, the oil and gas company owned by Wesley and Joesley Batista — the
- [Colombia to Ban Coal Sales to Israel to Seek an End to Gaza War](https://energiesnet.com/colombia-to-ban-coal-sales-to-israel-to-seek-an-end-to-gaza-war/) - Oscar Medina, Bloomberg News MEXICO CITY EnergiesNet.com 06 10 2024 Colombia is set to ban coal exports to Israel in a bid to pressure the government of Prime Minister Benjamin Netanyahu to end the conflict in Gaza. The ministers of foreign affairs, finance, energy and trade decided to halt sales of the fuel to the Jewish
- [US oil and gas production show signs of flattening - John Kemp](https://energiesnet.com/us-oil-and-gas-production-show-signs-of-flattening/) - John Kemp, Reuters LONDON Energiesnet.com 06 10 2024 U.S. oil and gas production are finally showing signs of flattening out as drilling rigs and well completion crews have been idled in response to the retreat in prices since the middle of 2022. Nationwide crude and condensates production was running at almost 13.2 million barrels per
- [Oil prices fall Friday for a third consecutive week](https://energiesnet.com/oil-prices-fall-friday-for-a-third-consecutive-week/) - Myra P. Saefong and William Watts , MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 06 07 2024 Oil futures declined on Friday to post losses for a third week in a row as traders looked to the latest monthly U.S. jobs data for hints on the outlook of the economy, the future of the Federal Reserve’s interest-rate
- [Mexico Ruling Party Coalition Just Shy of Supermajority](https://energiesnet.com/mexico-ruling-party-coalition-just-shy-of-supermajority/) - Michael O'Boyle and Maya Averbuch, Bloomberg News MEXICO CITY EnergiesNet.com 06 10 2024 Mexican President-elect Claudia Sheinbaum’s coalition obtained two-thirds of the seats in the lower house and nearly two-thirds in the senate, the leader of the ruling party said on Sunday. The ruling coalition will have 83 seats out of 128 in the Senate, Morena
- [Venezuela Creditors Seek JPMorgan Help for $7 Billion Citgo Bid](https://energiesnet.com/venezuela-creditors-seek-jpmorgan-help-for-7-billion-citgo-bid/) - By Jef Feeley, Derek Decloet, and Nicolle Yapur, Bloomberg News NEW YORK/CARACAS EnergiesNet.com 06 10 2024 A group of Venezuela creditors is seeking funding from JPMorgan Chase & Co. in a $7 billion bid for the parent of Citgo Petroleum Corp., according to people familiar with the process. The group, which includes Canadian miner
- [Latam Brief: Accounts of Ecuador's human rights violations mount](https://energiesnet.com/latam-brief-accounts-of-ecuadors-human-rights-violations-mount/) - Latin America Daily Briefing Four months after Ecuador’s government militarized control of the country’s prisons, the human rights costs of the security policy are beginning to be tallied publically. The government has cut off almost all access to the prisons, but stories of torture, abuse and denial of medical attention have begun to seep out
- [Latam Brief: Sra. Presidenta](https://energiesnet.com/latam-brief-sra-presidenta/) - Latin America Daily Briefing Claudia Sheinbaum won Mexico’s presidential election by a landslide yesterday, and will become the country’s first female president. The ruling Morena party candidate obtained an estimated 60% of the vote according to official preliminary tallies, a 30 point lead over conservative candidate Xochitl Gálvez. Her victory exceeds even that of her
- [Caribbean Updates: SIDS Conference](https://energiesnet.com/caribbean-updates-sids-conference/) - Just Caribbean Updates The Fourth International Conference on Small Island Developing States (SIDS) was held last week, in Antigua and Barbuda, and focused on urgent actions and financing needs for SIDS. Organizers emphasized the urgent need for climate and financial justice for small island nations. UN Secretary-General António Guterres called for an end to the
- [Mexico's SENER revises renewable energy capacity addition targets for 2024-2038](https://energiesnet.com/mexicos-sener-revises-renewable-energy-capacity-addition-targets-for-2024-2038/) - Renewable energy generation capacity Francisco Sequera and Pulina Santos Vallejo, Platts S&P Global MEXICO CITY EnnergioesNet.com 06 07 2024 Mexico has revised renewable energy capacity addition targets for the short- and long-term period where lowered PV-solar and increased wind capacities could lead to a significant shift in the country's I-REC market. In a report, the
- [Ecuador fuel subsidy plan draws strike threat](https://energiesnet.com/ecuador-fuel-subsidy-plan-draws-strike-threat/) - Alberto Araujo,Argus Media QUITO EnergiesNet.com 06 07 2024 Ecuador's government is in talks with indigenous and labor groups that oppose its plan to cut gasoline subsidies for most drivers this year after it delayed launching the program on 3 June. The government has proposed reducing spending on subsidies for 85-octane gasoline by $100mn-$150mn this year,
- [Can Mexico's Sheinbaum, a climate scientist, shake Lopez Obrador's oil legacy?](https://energiesnet.com/can-mexicos-sheinbaum-a-climate-scientist-shake-lopez-obradors-oil-legacy/) - Cassandra Garrison, Reuters MEXICO CITY EnergiesNet.com 06 06 2024 Mexico's President-elect Claudia Sheinbaum, an accomplished climate scientist, could struggle to fulfill her environmental pledges after she sailed to victory, in part, on the popularity of a predecessor who doubled down on fossil fuels. Sheinbaum, elected as Mexico's first woman president by a sweeping margin Sunday, inherits a
- [Consortia target Citgo's Texas refinery as auction deadline looms](https://energiesnet.com/consortia-target-citgos-texas-refinery-as-auction-deadline-looms/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 06 2024 Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 billion in Venezuela-related claims, two people close to the process said. Energy producers, refiners, investment funds and bankers
- [Xochitl Galvez to Ask Mexican Electoral Body to Recount 80% Votes](https://energiesnet.com/xochitl-galvez-to-ask-mexican-electoral-body-to-recount-80-votes/) - Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNet.com 05 06 2024 Mexican opposition leader Xochitl Galvez said she will ask the electoral authority to recount 80% of the votes from Sunday’s election, in which she lost the presidency to ruling party candidate Claudia Sheinbaum. Galvez said the opposition has found differences in the election results in
- [Venezuela representatives, US officials meet over Citgo auction](https://energiesnet.com/venezuela-representatives-us-officials-meet-over-citgo-auction/) - Reporting by Marianna Parraga, Reuters HOUSTON EnergiesNet.com 06 05 2024 Members of Venezuela's political opposition and the boards that supervise state-owned refiner Citgo Petroleum have met U.S. officials and lawmakers in recent days in a new effort to pause a court-ordered auction of shares to pay creditors, people close to the talks said. A second
- [India’s Jindal Is Said to Join to Work with Venezuela PDVSA in Petrocedeño](https://energiesnet.com/indias-jindal-is-said-to-join-to-work-with-venezuela-pdvsa-in-petrocedeno/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 05 31 2024 India’s Jindal Power Ltd. will partner with Venezuela’s state oil company in a crude venture just months after securing a contract to run the country’s largest iron-ore complex, according to people familiar with the agreement. Jindal executives agreed to partner with Petroleos de Venezuela SA in the
- [Claudia Sheinbaum Allies Narrowly Miss Supermajority in Mexico Congress](https://energiesnet.com/claudia-sheinbaum-allies-narrowly-miss-supermajority-in-mexico-congress/) - Alex Vasquez, Bloomberg News MEXICO CITY Enegiesnet.com 06 04 2024 Mexican President-Elect Claudia Sheinbaum’s coalition got very close to clinching a supermajority in congress, obtaining two-thirds of the seats in the lower house and nearly two-thirds in the senate. Although that doesn’t immediately allow Sheinbaum to make changes to the constitution that have eluded Andres Manuel
- [Venezuela's May oil exports rise 30% during US wind-down period](https://energiesnet.com/venezuelas-may-oil-exports-rise-30-during-us-wind-down-period/) - Marianna Parraga and Marcel Guanipa HOUSTON/MARACAY, Venezuela EnergiesNet.com 06 04 2024 Venezuela's oil exports recovered in May from a low figure the previous month as state oil company PDVSA's customers rushed to take cargoes ahead of the resumption of U.S. sanctions on the South American country. The U.S. Treasury Department in April did not renew a broad
- [Democracies Aren’t the Peacemakers Anymore - Chester Croker](https://energiesnet.com/democracies-arent-the-peacemakers-anymore-chester-croker/) - By Chester Croker Authoritarian states’ traditional approach to conflict outside their borders is to choose sides—supplying political-diplomatic support and military muscle to their allies—or to freeze the conflict while keeping a hand in to stir the pot and shape possible outcomes. Russia has done both: the first by backing Syria’s Bashar al Assad against various
- [A green turn in Mexico’s with Sheinbaum?. - Politico](https://energiesnet.com/a-green-turn-in-mexicos-with-sheinbaum-politico/) - By Politico Mexican voters go to the polls Sunday to elect a leader to replace the term-limited President Andrés Manuel López Obrador. Sitting atop the polls is a scientist with serious climate policy credentials. Claudia Sheinbaum, the former head of government in Mexico City, has advised the United Nations on climate science and has long
- [Caribbean Updates: Int'l court ruling on greenhouse gas pollution](https://energiesnet.com/caribbean-updates-intl-court-ruling-on-greenhouse-gas-pollution/) - Just Caribbean Updates The International Tribunal for the Law of the Sea (ITLOS) ruled last week that greenhouse gas emissions absorbed by oceans must be regarded as marine pollution, mandating states to take necessary measures to protect marine environments. This landmark decision is seen as a critical step in addressing climate justice for nations like
- [Oil prices Friday book largest monthly loss of 2024 as traders await OPEC+ decision on production cuts](https://energiesnet.com/oil-prices-friday-book-largest-monthly-loss-of-2024-as-traders-await-opec-decision-on-production-cuts/) - William Watts, MarketWatch NEW YORK EnergiesNet.com 05 31 2024 Oil futures ended lower Friday, booking their largest monthly declines of 2024 as traders fretted over gasoline demand and awaited a weekend decision on production cuts by the Organization of the Petroleum Exporting Countries and its allies. In a twist ahead of the Sunday decision, news
- [Mexico's presidential hopefuls wrap up campaigns ahead of Sunday's election (video)](https://energiesnet.com/mexicos-presidential-hopefuls-wrap-up-campaigns-ahead-of-sundays-election-video/) - Ana Isabel Martines, Reuters MEXICO CITY EnergiesNet.com 05 31 2024 Mexico's presidential candidates formally ended their campaigns on Wednesday, with most polls showing ruling party hopeful Claudia Sheinbaum on course to become the country's first woman president after Sunday's national vote. Latin America's No. 2 economy will hold its largest election ever, with more than
- [T&T High Court Has Recognised a US$1.1 Billion Arbitration Award Against the Venezuela, Conoco to Go After Venezuela's Dragon Gas](https://energiesnet.com/tt-high-court-has-recognised-a-us1-1-billion-arbitration-award-against-the-venezuela-conoco-to-go-after-venezuelas-dragon-gas/) - Jada Loutoo, Trinidad NewsDay PORT SPAIN EnergiesNet.com 05 30 2024 THE HIGH COURT has recognised a US$1.1 billion arbitration award to a United States energy giant against the Venezuelan government for unlawfully expropriating its investments in Venezuela in 2007. In an order on May 29, Justice Frank Seepersad allowed ConocoPhillips and its subsidiary Phillips Petroleum
- [bpTT, Trinidad's NGC Receive US License for Gas Development with Venezuela](https://energiesnet.com/bptt-trinidads-ngc-receive-us-license-for-gas-development-with-venezuela/) - Curtis Williams, Reuters HOUSTON EnergiesNet.com 30 05 2024 British oil major BP (BP.L), opens new tab and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday. Washington last month did not renew a
- [Hess Shareholders Green-Light on $53 Billion Sale to Chevron](https://energiesnet.com/hess-shareholders-green-light-on-53-billion-sale-to-chevron/) - Rebecca Elliott, NYTimes NEW YORK EnergiesNet.com 05 29 2024 A large oil industry deal advanced on Tuesday after shareholders of Hess approved a proposed sale of the company to Chevron for $53 billion. Control over one of the most prized oil assets, off the shores of Guyana, is at stake in the deal, which still faces significant
- [Moshiri's Amos Global Energy awaits US license to expand in Venezuela's shallow waters](https://energiesnet.com/moshiris-amos-global-energy-awaits-us-license-to-expand-in-venezuelas-shallow-waters/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 05 29 2024 Houston-based investment fund Amos Global Energy is waiting for a license from the U.S. Treasury Department to complete the purchase of Chinese Sinopec's stake in a shallow-water oil and gas project in Venezuela, the company said on Tuesday. Washington last month did not to renew a broad license that
- [BP, Shell and EOG vie for acreage in Trinidad's 2023 oil and gas auction](https://energiesnet.com/bp-shell-and-eog-vie-for-acreage-in-trinidads-2023-oil-and-gas-auction/) - Curtis Williams, Reuters HOUSTON EnergiesNet.com 05 28 2024 Trinidad and Tobago received six bids from BP (BP.L), Shell (SHEL.L), and US shale producer EOG Resources (EOG.N), on four blocks to explore for oil and gas as its 2023 shallow water auction closed on Monday. Trinidad plans to announce the winners in four months, Energy Minister Stuart Young said
- [Pemex's Big Debt Moves Are To Wait After Elections, Finance Minister Says](https://energiesnet.com/pemexs-big-debt-moves-are-far-from-imminent-finance-minister-says/) - Carolina Millan, Bloomberg News MEXICO CITY EnergiesNet.com 05 27 2024 Mexico’s finance minister downplayed the idea of a major reworking of the state oil company’s debt in the near future, saying no “large operations” are currently planned. The government will wait to plan any moves for Petroleos Mexicanos until after the June 2 presidential election in
- [Colombia to Boost Oil Output With Push for More Drilling](https://energiesnet.com/colombia-to-boost-oil-output-with-push-for-more-drilling/) - Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 05 27 2024 Colombia is targeting oil output of 1 million barrels per day by pressuring drillers to step up activity in underused exploration blocs, according to the nation’s top energy official. The Andean nation is also taking steps to boost natural gas output, as its projections point to a
- [Latam Brief: U.S. and Kenya discuss Haiti mission](https://energiesnet.com/latam-brief-u-s-and-kenya-discuss-haiti-mission/) - Latin America Daily Briefing Formally the U.S. is neither leading nor providing troops for an international mission to Haiti — nonetheless, “the effort is to be financed, armed and trained largely by the United States. And on the ground right now in Port-au-Prince, the Americans appear to be running the show,” reports the Washington Post. (See yesterday’s
- [Caribbean updates: Extreme climate events (video)](https://energiesnet.com/caribbean-updates-extreme-climate-events-video/) - Just Caribbean Updates Extreme climate events in 2023 severely impacted Latin America and the Caribbean, causing widespread devastation and economic losses, according to a new UN report. The region experienced the strongest-ever Eastern Pacific hurricane, widespread droughts, destructive wildfires, and significant environmental damage. These events occurred much earlier than predicted, challenging previous scientific models and
- [Oil prices end higher Friday, but fall more than 2% for the week](https://energiesnet.com/oil-prices-end-higher-friday-but-fall-more-than-2-for-the-week/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 05 24 2024 Oil futures finished higher on Friday, but notched losses for the week as traders noted concerns that the Federal Reserve may keep interest rates elevated for longer than previously anticipated, posing a threat to demand if that causes a sharp economic
- [Hess-Chevron merger vote appears ready for narrow approval](https://energiesnet.com/hess-chevron-merger-vote-appears-ready-for-narrow-approval/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 05 24 2024 Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp Hess, 70,
- [Repsol receives US license for Venezuela oil, gas projects](https://energiesnet.com/repsol-receives-us-license-for-venezuela-oil-gas-projects/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 05 24 2024 Spain's Repsol (REP.MC), has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday. Repsol has several joint ventures with Venezuela's state oil company PDVSA to produce crude
- [We are just 2 weeks away from Hydrogen Americas 2024 Summit & Exhibition](https://energiesnet.com/we-are-just-2-weeks-away-from-hydrogen-americas-2024-summit-exhibition/)
- [BP Pauses Talks on Manakin-Cocuina Field Gas Project in T&T Maritime Border with Venezuela as License Expires](https://energiesnet.com/bp-pauses-talks-on-manakin-cocuina-field-gas-project-in-tt-maritime-border-with-venezuela-as-license-expires/) - Curtis Williams, Reuters HOUSTON EnergiesNet.com 05 23 2024 Oil major BP (BP.L) has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday. BP this year conducted negotiations with Venezuela and
- [Citgo’s Venezuelan Parent PDV Weighs US Bankruptcy to Slow Sale](https://energiesnet.com/citgos-venezuelan-parent-pdv-weighs-us-bankruptcy-to-slow-sale/) - Jef Feeley, Nicolle Yapur and Fabiola Zerpa, Bloomberg News HOUSTON/CARACAS EnergiesNet.com 05 23 2024 Venezuela’s opposition is weighing a move that would slow the sale of oil assets under its control by having Citgo Petroleum Corp.’s holding company file for bankruptcy in the US, according to people familiar with the deliberations. Opposition-appointed Petroleos de Venezuela executives
- [Mexico President's 'Dream' Pemex Dos Bocas Refinery Hits Another Delay](https://energiesnet.com/mexico-presidents-dream-pemex-dos-bocas-refinery-hits-another-delay/) - Stefanie Eschenbacher, Florence Tan and Adriana Barrera, Reuters MEXICO CITY EnergiesNet.com 05 22 2024 Mexican state energy company Pemex started sending 16,300 barrels per day (bpd) of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, internal data seen by Reuters showed, signaling another delay. President Andres Manuel
- [China's Fuel Oil Imports Soar to Highest Since at Least 2020, Venezuela & Iran main suppliers](https://energiesnet.com/chinas-fuel-oil-imports-soar-to-highest-since-at-least-2020-venezuela-iran-main-suppliers/) - Chen Aizhu, Reuters SINGAPORE EnergiesNet.com 05 22 2024 China's imports of fuel oil rose 10% in April from a year earlier to 2.93 million metric tons, data from the General Administration of Customs showed on Monday, the highest level since at least 2020 according to Reuters' records. The April imports, which equate to about 620,180
- [Latam Brief: Security mission to Haiti imminent](https://energiesnet.com/latam-briefsecurity-mission-to-haiti-imminent/) - Latin America Daily Briefing A small delegation of Kenyan officials, including the force commander for an upcoming international security mission to support Haiti’s police, arrived in Port-au-Prince yesterday. They are part of an assessment team to inspect the construction of the base and airport. Though there is little information over how the mission will proceed,
- [Mexico's Presidential Candidates Tackle Security, Migration (and each other) in Final Debate](https://energiesnet.com/presidential-candidates-tackle-security-migration-and-each-other-in-final-debate/) - Peter Davies, Mexico News Daily MEXICO CITY EnergiesNet.com 05 21 2024 Mexico’s three presidential candidates faced off in the third and final debate on Sunday, exactly two weeks before voters go to the polls to elect a successor to President Andrés Manuel López Obrador (AMLO). Insecurity and organized crime was one of the four broad
- [Energy Mogul JL Manzano Says Metals Are Key to Energy Transition, Bet on Argentina’s Mineral Wealth](https://energiesnet.com/energy-mogul-jl-manzano-says-metals-are-key-to-energy-transition-bet-on-argentinas-mineral-wealth/) - Jonathan Gilbert and Daniel Cancel, Bloomberg News BUENOS AIRES EnergiesNet.com 05 21 2024 Over three decades, Jose Luis Manzano built a reputation for diving into distressed sectors in Argentina and navigating tumultuous economic and political cycles to shape a portfolio ranging from media to energy. Now, through holding company Integra Capital, he’s going all in on mining in
- [U.S. Judge Signal Green Ligth for Final Bids on Citgo in Setback to PDVSA](https://energiesnet.com/judge-signal-green-ligth-for-final-bids-on-citgo-in-setback-to-pdvsa/) - Jef Feeley, Bloomberg News PHILADELPHIA, PA.EnergiesNet.com 05 20 2024 A judge cleared the way for final offers for Citgo Petroleum Corp.’s US parent, denying objections from Venezuela’s state-owned oil company to the bidding process for the oil refiner’s court-ordered sale. Judge Leonard Stark concluded at a hearing in Wilmington, Delaware, on Friday that a special
- [Oil scores weekly gains Friday, with U.S. prices ending above $80 for first time this month](https://energiesnet.com/oil-scores-weekly-gains-friday-with-u-s-prices-ending-above-80-for-first-time-this-month/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 17 05 2024 Oil futures climbed on Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude
- [Suriname’s Oil Resources Seen Totaling 2.4 Billion Barrels](https://energiesnet.com/surinames-oil-resources-seen-totaling-2-4-billion-barrels/) - Tope Alake, Bloomberg News NEW YORK EnergiesNet.com 05 17 2024 Suriname’s discovered oil resources now total more than 2.4 billion barrels of crude and liquids, and the nation has more than 12.5 trillion cubic feet of gas, according to Wood Mackenzie. Petroliam Nasional Bhd.’s discovery in the Roystonea and Fusaea blocks are approaching 400 million barrels,
- [Existing Investors Have Priority for Venezuela U.S. Oil Licenses, Say Sources](https://energiesnet.com/us-to-favor-existing-investors-have-priority-for-venezuela-oil-licenses-say-sources/) - Marianna Parraga and Daphne Psaledakis, Reuters HPUSTON/WASHINGTON EnergiesNet.com 05 17 2024 The U.S. is preparing to prioritize issuing limited licenses to operate in Venezuela to companies with existing oil production and assets over those seeking to enter the sanctioned OPEC nation for the first time, two people close to the discussions said. The move appears
- [To Talk With Putin or Iran, the West Turns to the World’s Nuclear Inspector, Rafael Grossi ](https://energiesnet.com/to-talk-with-putin-or-iran-the-west-turns-to-the-worlds-nuclear-inspector-rafael-grossi/) - David E. Sanger, The New York Times WASHINGTONEnergiesNet.com 05 16 2024 Rafael Grossi slipped into Moscow a few weeks ago to meet quietly with the man most Westerners never engage with these days: President Vladimir V. Putin of Russia. Mr. Grossi is the director general of the International Atomic Energy Agency, the United Nations’ nuclear
- [Magda Chambriard to Take Reins at Petrobras After Prates Goes](https://energiesnet.com/magda-chambriard-to-take-reins-at-petrobras-after-prates-goes/) - Mariana Durao, Martha Beck and Simone Iglesias, Bloomberg News RIO EnergiesNet.com 05 16 2024 Brazil President Luiz Inacio Lula da Silva shook up the leadership of the nation’s state-owned oil company, firing the chief executive officer and one of his top deputies after months of sparring. Petroleo Brasileiro SA CEO Jean Paul Prates, who had
- [Venezuela Moves Substantial Troops to Guyana Border, CSIS Report Says](https://energiesnet.com/venezuela-moves-substantial-troops-to-guyana-border-csis-report-says/) - Andreina Itriago Acosta, Bloomberg News CARACAS EnergiesNet.com 05 15 2024 Venezuela’s armed forces have moved “substantial quantities” of personnel and equipment near the disputed Essequibo region that’s controlled by Guyana, a Washington-based think tank reports, potentially escalating tensions ahead of presidential elections. The report published Tuesday by the Center for Strategic and International Studies presents updated
- [Seaport Says, Buy PDVSA Bonds as Gap With Sovereign Unjustified](https://energiesnet.com/seaport-says-buy-pdvsa-bonds-as-gap-with-sovereign-unjustified/) - Maria Elena Vizcaino, Bloomberg News NEW YORK EnergiesNet.com 05 15 2024 Defaulted bonds of Venezuela’s state-oil company are undervalued and should be trading at levels closer to sovereign notes, according to Seaport Global. Seaport’s managing director Ricardo Penfold is recommending buying Petroleos de Venezuela SA’s debt, which trades for as little as 9 cents on the
- [Mexico’s 2024 General Election: What to Know - Emiliano Rodríguez Mega / NYTimes](https://energiesnet.com/mexicos-2024-general-election-what-to-know-emiliano-rodriguez-mega-nytimes/) - BY Emiliano Rodríguez Mega Why does this election matter? Mexico’s vote on June 2 will be a landmark election in several ways. It will be the country’s largest election in terms of voters and seats. Nearly 99 million people are expected to cast a ballot for more than 20,000 local, state and congressional posts as
- [France’s President Emmanuel Macron’s Plan to Transform Europe](https://energiesnet.com/frances-president-emmanuel-macrons-plan-to-transform-europe/) - William Horobin, Bloomberg News VERSAILLES, FranceEnergiesNet.com 05 14 2024 Following is a transcript of French President Emmanuel Macron’s interview with Bloomberg Editor-in-Chief John Micklethwait. John Micklethwait: President Macron, thank you for talking to Bloomberg. We’re here at your annual Choose France conference for foreign investors. And as long as I’ve known you, you have always wanted
- [Proxy Advisor ISS Recommends Hess Shareholders Abstain From Voting for Merger with Chevron](https://energiesnet.com/proxy-advisor-iss-recommends-hess-shareholders-abstain-from-voting-for-merger-with-chevron/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 05 14 2024 Proxy advisor Institutional Shareholder Services (ISS) recommended on Monday that Hess (HES.N), opens new tab shareholders abstain from voting on Chevron's (CVX.N), opens new tab proposed $53 billion buyout of the oil and gas company, which has been stalled due to a conflict with rival Exxon Mobil (XOM.N), opens new tab. ISS
- [ExxonMobil Pleads Not Guilty in Guyana to Misstating Equipment Value](https://energiesnet.com/exxonmobil-pleads-not-guilty-in-guyana-to-misstating-equipment-value/) - Denis Chabrol, Bloomberg News GEOPRGETOWN EnergiesNet.com 05 12 2024 Exxon Mobil Corp. and one of its suppliers pleaded not guilty in a Guyana court Friday to charges related to overstating the value of oil-well equipment on a customs declaration by 200 times to about $12 billion. The oil company’s local unit, Exxon Mobil Guyana Limited, is
- [YPF’s $2.5 Billion Pipeline Moves Ahead After Approval, key to unlocking exports of crude from Vaca Muerta](https://energiesnet.com/ypfs-2-5-billion-pipeline-moves-ahead-after-approval-key-to-unlocking-exports-of-crude-from-vaca-muerta/) - Jonathan Gilbert, Bloomberg News BUENOS AIRES B EnergiesNet.com 05 12 2024 Argentina’s biggest oil and gas producer, state-run YPF SA, is moving ahead with plans to build a $2.5 billion cross-country pipeline that’s key to unlocking exports of crude from the vast Vaca Muerta shale patch in Patagonia. YPF recently received environmental authorization for the so-called
- [Mexico's AMLO Administration Weighs Options to Absorb $40 Billion of Pemex Debt](https://energiesnet.com/mexicos-amlo-administration-weighs-options-to-absorb-40-billion-of-pemex-debt/) - Scott Squires and Michael O'Boyle, Bloomberg News MEXICO CITY EnergiesNet.com 05 10 2024 Mexico is studying options to absorb as much as $40 billion in Pemex debt, the equivalent of what will come due in the next presidential term, one of its top finance officials told investors in New York. The government is considering options
- [Venezuela PDVSA rejects auction process that could lead to Citgo breakup](https://energiesnet.com/venezuela-pdvsa-rejects-auction-process-that-could-lead-to-citgo-breakup/) - Nicolle Yapur, Bloomberg News CARACAS EnergiesNet.com 05 10 2024 Venezuela’s state-owned oil company is objecting to the bidding process for the court-ordered sale in July of a unit, PDV Holding, that owns the US-based refiner Citgo Petroleum. Lawyers for Petroleos de Venezuela SA argued in a Delaware court filing Wednesday that a special master’s proposed
- [Latam Brief: Ortega backtracks on canal plan](https://energiesnet.com/latam-brief-ortega-backtracks-on-canal-plan/) - Latin America Daily Briefing Nicaragua’s congress cancelled a concession for a controversial canal project that would link the country’s Atlantic and Pacific coasts. The Ortega government touted it as an economic juggernaut, while critics said it would displace rural communities along the canal’s projected path and create massive environmental damage. (Associated Press) The project was
- [What Trump promised oil CEOs as he asked them to steer $1 billion to his campaign](https://energiesnet.com/what-trump-promised-oil-ceos-as-he-asked-them-to-steer-1-billion-to-his-campaign/) - By Josh Dawsey and Maxine Joselow, Washington Post WASHINGTON Energiesnet.com 05 19 2024 As Donald Trump sat with some of the country’s top oil executives at his Mar-a-Lago Club last month, one executive complained about how they continued to face burdensome environmental regulations despite spending $400 million to lobby the Biden administration in the last
- [OTC: Guyana Negotiating Oil Block Bid by QatarEnergy, TotalEnergies, Petronas, Minister Says](https://energiesnet.com/otc-guyana-negotiating-oil-block-bid-by-qatarenergy-totalenergies-petronas-minister-says/) - Marianna Parraga and Curtis Williams HOUSTON EnergiesNet.com 05 09 2024 Guyana's cabinet has approved a bid for an offshore oil block by a consortium including QatarEnergy, TotalEnergies and Malaysian state-owned Petronas, a minister from the South American country said on Wednesday. Guyana, home of the largest oil discoveries in nearly a decade, offered 14 offshore
- [Ecopetrol Seeks Waiver from U.S. Sanctions for Venezuelan Gas to Plug Shortfall](https://energiesnet.com/ecopetrol-seeks-waiver-from-u-s-sanctions-for-venezuelan-gas-to-plug-shortfall/) - Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 05 09 2024 Colombia’s Ecopetrol SA is seeking a waiver from the US to import natural gas from Venezuela as the South American country faces a supply shortfall of the power-station fuel from next year. An appeal has been made to US officials for special dispensation to advance talks
- [Mexico’s to Continue To Help Pemex With Debt Refinancing](https://energiesnet.com/mexicos-to-continue-help-pemex-with-debt-refinancing/) - Maya Averbuch, Bloomberg News MEXICO CITY EnergiesNet.com 05 08 2024 Mexico’s government will continue to provide financial support to its debt-ridden oil company while it refinances its debt, said the top official in charge of Mexico’s public finances. Recent support for Petroleos Mexicanos has shown that the state should continue to have a direct role
- [Petrobras to begin drilling at Colombia's Uchuva-2 well this month](https://energiesnet.com/petrobras-to-begin-drilling-at-colombias-uchuva-2-well-this-month/) - Marianna Parraga, Reuters RIO DE JANEIRO Energieset.com 05 08 2024 Brazil's state-run oil firm Petrobras will begin to drill off Colombia's coast at its Uchuva-2 well this month, Chief Exploration and Production Officer Joelson Mendes told journalists during a press-conference in Houston on Tuesday. The promising area off Colombia's coast could justify a large project
- [Reliance and Maurel & Prom renews bid for US license to operate with Venezuelan oil](https://energiesnet.com/reliance-and-maurel-prom-renews-bid-for-us-license-to-import-venezuelan-oil/) - Arathy Somasekhar, Marianna Parraga and Nidhi Verma, Reuters HOUSTON/NEW DELHI Indian oil refiner Reliance Industries has resubmitted a request to the U.S. for an authorization to import crude oil from sanctioned Venezuela, three people close to the matter said, and resume oil trade between the OPEC producer and the once second-largest destination for its oil.
- [Guyana Takes ExxonMobil to Court Over Misstated Value of Equipment](https://energiesnet.com/guyana-takes-exxonmobil-to-court-over-misstated-value-of-equipment/) - Denis Chabrol, Bloomberg News GEORGETOWN EnergiesNet.com 05 07 2024 Guyana’s tax agency is taking Exxon Mobil Corp. to court after one of the company’s suppliers said it mistakenly inflated the value of oil-well equipment by 200 times to about $12 billion. The Guyana Revenue Authority issued a summons to the oil giant, with a hearing
- [Brazil Seeks to Boost Gas Supply With Petrobras and Vaca Muerta](https://energiesnet.com/brazil-seeks-to-boost-gas-supply-with-petrobras-and-vaca-muerta/) - Mariana Durao, Bloomberg News RIO EnergiesNet.com 05 06 2024 Brazil’s oil giant Petrobras should increase its efforts to boost natural gas supplies and lower prices to help revive the nation’s industry, said mines and energy minister Alexandre Silveira. Petroleo Brasileiro SA, as the state-run company is formally known, must speed up studies that will help
- [Panama Elects Jose Mulino As New President Pledging to Shut Down Migrant Trail](https://energiesnet.com/panama-elects-jose-mulino-as-new-president-pledging-to-shut-down-migrant-trail/) - Michael McDonald, Bloomberg News PANAMA CITY EnergiesNet.com 05 06 2024 Panama elected investor favorite Jose Raul Mulino as its new president drawing voters with his pledge to revive the once-stellar economy, crack down on drug cartels and shut down migration routes to the US. Mulino ran as the substitute for fugitive former leader Ricardo Martinelli,
- [Oil prices blog worst week Friday since February as concerns over Middle East supply risks fade](https://energiesnet.com/oil-prices-friday-blog-worst-week-since-february-as-concerns-over-middle-east-supply-risks-fade/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 05 03 2024 Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February. Traders tied an early
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- [Venezuelan oil exports down on US sanctions, lower sales to Asia](https://energiesnet.com/venezuelan-oil-exports-down-on-us-sanctions-lower-sales-to-asia/) - Marianna Parraga and Mircely Guanipa, Reuters HOUSTON EnergiesNet.com 05 03 2024 Venezuelan oil exports declined 38% in April after tanker owners and customers pulled several vessels waiting to load out of the country's waters as a reimposition of U.S. sanctions approached, according to shipping data and documents. The U.S. Treasury Department last month said it
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- [Venezuelan Public Employees Get an Increase of 30% on Income to Total $130 Per Month in Bonuses](https://energiesnet.com/venezuelan-public-employees-get-an-increase-of-30-on-wages-to-total-130-per-month-in-bonuses/) - Deisy Buitrago, Reuters CARACAS EnergiesNet.com 05 02 2024 Public employees in Venezuela will receive $130 per month in bonuses, President Nicolas Maduro said on Wednesday, amid demands by workers for salary increases and months ahead of presidential elections in which Maduro is seeking a third term. Maduro gave scant details in his announcement, but ruling
- [USGC expected to see steady High Sulfur Fuel Oil imports from Pemex amid rise in production](https://energiesnet.com/usgc-expected-to-see-steady-high-sulfur-fuel-oil-imports-from-mexico-amid-rise-in-production/) - Phillipe Craig, Gerardo Gutierrez y Catherine Kellogg, Platts S&P Global HOUSTON EnergiesNet.com 05 01 2024 As Mexico continues to see HSFO output surge and exports hit record highs, the US Gulf Coast is poised to remain the primary recipient of cargoes for the foreseeable future, sources said April 29. The most recent company data from
- [Guyana’s Gas-to-Energy project: Exxon to shut 2 platforms in Guyana for 2 weeks each to connect pipeline](https://energiesnet.com/guyanas-gas-to-energy-project-exxon-to-shut-2-platforms-in-guyana-for-2-weeks-each-to-connect-pipeline/) - Kemol King and Sabrina Valle, Reuters GEORGETOWN EnergiesNet.com 05 01 2024 GEORGETOWN, April 30 (Reuters) - Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday.
- [Underdog in Mexico’s Presidential Election Xochilt Galvez Promises to Restore Power Market](https://energiesnet.com/underdog-in-mexicos-presidential-election-xochilt-galvez-promises-to-restore-power-market/) - Sheky Espejo, Platts S&P Global MEXICO CITYEnergiesNet.com 04 30 2024 Xóchitl Gálvez Ruiz, who is running second in the polls ahead of Mexico’s upcoming presidential elections, is promising to revive the incipient electricity market in the country if she wins next June by resuming the long-term auctions, a request that has been high in the
- [As New Haiti Leadership Takes Power, Gangs Demand a Seat at The Table (video)](https://energiesnet.com/as-new-haiti-leadership-takes-power-gangs-demand-a-seat-at-the-table-video/) - Reporting by Harold Isaac and Kylie Madry, Reuters PORT AU PRINCEEnergiesNet.com 04 30 2024 Haiti’s new transition council is set to choose the country’s next president on Tuesday, but leaders of the gangs who have exerted increasing control are clamoring for political influence and amnesties and threatening violence if their demands are not met. Last
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- [Latam Brief: Haiti transitional council swears in.“Brace yourselves,” gang leader Jimmy “Barbeque” Cherizier warned.](https://energiesnet.com/latam-brief-haiti-transitional-council-swears-in-but-brace-yourselves-gang-leader-jimmy-barbeque-cherizier-warned/) - Latin America Daily Briefing Haiti’s long-delayed transitional presidential council swore in earlier today — in a secret ceremony in the country’s besieged National Palace. The “early morning ceremony was cloaked in secrecy and was not publicly announced because of the threat of violence. On the eve of the event, reports suggested it would take place
- [Caribbean Updates: Inter-American Court of Human Rights holds climate change hearing](https://energiesnet.com/caribbean-updates-inter-american-court-of-human-rights-holds-climate-change-hearing/) - Just Caribbean Updates The Inter-American Court of Human Rights convened a landmark public hearing in Barbados preparation for an advisory opinion on climate change and human rights. The inquiry was instigated by Colombia and Chile, which together asked the court to set out what legal responsibilities states have to tackle climate change and to stop
- [Oil prices Friday score weekly gain, breaking run of back-to-back weekly losses](https://energiesnet.com/oil-prices-friday-score-weekly-gain-breaking-run-of-back-to-back-weekly-losses/) - Myra P. Saefong and Isabel Wang MarketWatch SAN FRANCISCO EnergiesNet.com 04 20 2024 This feature is powered by text-to-speech technology. Want to see it on more articles?Give your feedback below or email audiofeedback@marketwatch.com. Oil futures finished below Friday’s session highs after the latest U.S. inflation data raised doubts that the Federal Reserve will lower interest
- [Petrobras Investors Come Out Ahead Over Dividends Dilema in Brazil](https://energiesnet.com/petrobras-investors-come-out-ahead-over-dividends-dilema-in-brazil/) - Mariana Durao, Bloomberg News RIO EnergiesNet.com 04 26 2024 A seven-week tug of war over Petrobras’s dividends wound up with the company delivering a 22-billion-reais ($4.3 billion) payout to investors. Brazil’s federal government, which controls the company, proposed to pay half of available extraordinary dividends at a Thursday shareholders meeting, backtracking from a previous decision
- [China Pays Less for Venezuelan Mery 16 Crude Oil After US Reimposes Sanctions](https://energiesnet.com/china-pays-less-for-venezuelan-mery-16-crude-oil-after-us-reimposes-sanctions/) - Bloomberg News SINGAPOREEnergiesNet.com 04 26 2023 Chinese refiners are paying a little less for Venezuelan oil after the US reimposed sanctions on the South American producer. Merey crude, often used to make bitumen to pave roads in China, traded at a discount of $14 a barrel to ICE Brent in recent days on a delivered
- [Valero Energy Sees Mexican Fuel Demand Growing Despite Dos Bocas Boost](https://energiesnet.com/valero-energy-sees-mexican-fuel-demand-growing-despite-dos-bocas-boost/) - Scott Squires, Bloomberg News MEXICO CITYEnergiesNet.com 04 25 2024 Valero Energy Corp. expects fuel demand to grow in Mexico, even with the flagship Dos Bocas refinery set to ramp up domestic production and the presidential frontrunner proposing a shift to more green energy. The Texas-based refiner’s Mexican subsidiary sees opportunity in exporting more fuel into
- [LNG Energy a colombian base Canadian listed oil company sign deal with Venezuela’s PDVSA despite U.S. sanctions](https://energiesnet.com/lng-energy-of-billionaire-texas-oilman-sign-deal-with-venezuelas-pdvsa-despite-u-s-sanctions/) - Joshua Goodman, AP MIAMI EnergiesNet.com 04 25 2024 A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. LNG Energy
- [Gulf States Learn the Power and Limits of Petrodollar Persuasion - Ziad Daoud/Bloomberg](https://energiesnet.com/gulf-states-learn-the-power-and-limits-of-petrodollar-persuasion-ziad-daoud-bloomberg/) - By Ziad Daoud To understand the scale of Gulf nations’ wealth, just consider this: If the United Arab Emirates sold its stash of foreign holdings, it could make every one of its roughly 1 million citizens a millionaire. Qataris would enjoy the same windfall. Saudi Arabia, with its larger population, wouldn’t hit a million dollars
- [Eni received Mexico OK for exploration well that could form country's first private oil, gas cluster](https://energiesnet.com/eni-received-mexico-ok-for-exploration-well-that-could-form-countrys-first-private-oil-gas-cluster/) - Sheky Espejo, S&PGlobal Platts MEXICO CITY N EnergiesNet.com 04 24 2024 Eni Mexico on April 23 received authorization from Mexico's upstream regulator to drill an exploration well called Yopaat 1 in its Area 9 blocks the Italian company operates in the deepwater Gulf of Mexico. Yopaat is one of the three wells Eni Mexico is
- [Polish oil refiner Orlen scraps Venezuela oil deals after heavy losses](https://energiesnet.com/polish-oil-refiner-orlen-scraps-venezuela-oil-deals-after-heavy-losses/) - Reporting by Marek Strzelecki, Reuters WARSAW ENergiesNet.com 04 24 2024 Polish oil refiner Orlen (PKN.WA), has cancelled contracts to buy Venezuelan oil and refined products after losing more than $400 million on prepayments for deliveries it never received, a company manager said on Tuesday. Oil and tanker charter contracts put in place by the Swiss
- [Caribbean Updates: DR immigration officer accused of rape](https://energiesnet.com/caribbean-updates-dr-immigration-officer-accused-of-rape/) - Just Caribbean Updates A rape accusation by a Haitian girl has ignited a furor in the Dominican Republic — it is second time in less than a year a Haitian migrant is accusing a Dominican immigration agent of sexual assault, reports the Miami Herald. Dominican Republic authorities said they are investigating the case of an
- [6th Colombia Oil and Gas Congress 2024](https://energiesnet.com/6th-colombia-oil-and-gas-congress-2024/) - 6th Colombia Oil and Gas Congress 2024 Date and Place: July 24th and 25th, 2024.Bogota, ColombiaOrganizer: Vostock Capital Official Web site For the sixth consecutive year, Colombia Oil and Gas 2024 will attractc- level attendees, flagship oil and gas companies from Latin America, world suppliers for the industry, mines & energy ministries members and journalists
- [Electric car boom sees displacing up to 12 million b/d of oil by 2035 - IEA](https://energiesnet.com/electric-car-boom-sees-displacing-up-to-12-million-b-d-of-oil-by-2035-iea/) - Robert Perkins, S&P Global Platts LONDON EnergiesNet.com 04 23 2024 The International Energy Agency raised April 23 its estimates for global oil demand displacement from booming sales of electric vehicles citing growing policy impetus in key markets. New emissions standards adopted in the US, EU, and Canada over the past year mean oil demand displacement
- [PDVSA to accelerate cryptocurrency shift as oil sanctions return](https://energiesnet.com/pdvsa-to-accelerate-cryptocurrency-shift-as-oil-sanctions-return/) - Marianna Parraga y Deisy Buitrago, Reuters HOUSTON/CARACAS EnergiesNet.com 04 23 2024 Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people familiar with the plan said. The U.S. Treasury Department last week gave PDVSA's customers and providers
- [China to Draw More Venezuelan Oil As India Looks to Avoid Sanctions-Hit Barrels](https://energiesnet.com/china-to-draw-more-venezuelan-oil-as-india-looks-to-avoid-aanctions-hit-barrels/) - Daisy Xu, Sambit Mohanty, S&P Global Platts BEIJING/SINGAPORE EnergiesNet.com, 04 22 2024 China will likely face less competition for Venezuelan crude as India takes a step back from purchasing South American barrels, in the wake of renewed US sanctions on Venezuela's oil and gas sector, trade and refinery sources told S&P Global Commodity Insights. But
- [Venezuela's Opposition Picks Edmundo González to Challenge Maduro](https://energiesnet.com/venezuelas-opposition-picks-edmundo-gonzalez-to-challenge-maduro/) - Mayela Armas, Reuters CARCAS EnergiesNet.com 04 22 2024 As time was running out, Venezuela's opposition chose low-profile former diplomat Edmundo Gonzalez to run against President Nicolas Maduro in a July election that political analysts said will require Gonzalez to build name recognition among voters. The stakes are high for the July 28 vote as the
- [Ecuador Voters Back of Noboa’s Anti-Criminal Measures, But Reject His Economic Reforms](https://energiesnet.com/ecuador-voters-back-of-noboas-anti-criminal-measures-but-reject-his-economic-reforms/) - Stephan Kueffner, Bloomberg News QUITO EnergiesNet.com 04 22 2024 Ecuador’s voters approved a raft of security measures including extradition for drug traffickers, while rejecting investor-friendly economic reforms, handing a partial victory to President Daniel Noboa in Sunday’s referendum. All nine of Noboa’s proposals to step up his war on cocaine cartels passed easily, according to
- [OPEC daily basket price stood at $87.52 a barrel Friday, April 19](https://energiesnet.com/opec-daily-basket-price-stood-at-87-52-a-barrel-friday-april-19/) - EnergiesNet NewsCARACASEnergiesNet.com 04 22 2024 The price of OPEC basket of thirteen crudes stood at 87.52 a barrel Friday, compared with $87.35 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [Venezuela Oil Industry Braces for Loss of US license, Maduro Hits Back](https://energiesnet.com/venezuela-oil-industry-braces-for-loss-of-us-license-maduro-hits-back/) - Marianna Parraga and Deisy Buitrago, Reuters HOUSTON/CARACAS EnergiesNet.com 04 19 2024 The day after the United States announced it would reimpose costly limits on Venezuela's oil sector, the South American nation braced for the consequences and its president warned that the "grave error" would also hit U.S. interests. Announced by U.S. officials on Wednesday, Venezuela's
- [Petrobras’ Prates Teams Himself With Lula to Boost Shipbuilding](https://energiesnet.com/petrobras-prates-teams-himself-with-lula-to-boost-shipbuilding/) - Mariana Durao, Bloomberg News RIO EnergiesNet.com 04 19 2024 Brazil’s state-controlled oil producer Petrobras is getting behind President Luiz Inacio Lula da Silva’s plans to revive shipyards as part of a wider effort to expand industrial activity in Latin America’s largest economy. Petrobras Chief Executive Officer Jean Paul Prates on Thursday said Brazil should have
- [Venezuela oil sector hit by loss of its widest US license 44 (video)](https://energiesnet.com/venezuela-oil-sector-hit-by-loss-of-its-widest-us-license-44/) - Marianna Parraga and Deisy Buitrago, Reuters HOUSTON/CARACAS EnergiesNet.com 04 18 2024 Venezuela's loss of a key U.S. license that allowed it to export oil to markets around the world and secure investment is expected to hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S
- [Venezuela to Hand Seized Conoco Oil Assets to A&B Investments a Little-Known Firm](https://energiesnet.com/venezuela-to-hand-seized-conoco-oil-assets-to-ab-investments-a-little-known-firm/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 04 18 2024 Venezuela plans to tap a little-known firm to take on key fields and facilities that were once operated by ConocoPhillips as it moves quickly to ink deals ahead of a deadline for the US to decide whether to reinstate sanctions. Venezuelan firm A&B Investments will partner
- [Hydrogen Americas 2024 :](https://energiesnet.com/hydrogen-americas-2024/) - Summit & Exhibition 11-12 June 2024
- [US indicate Venezuela oil sanctions relief at risk as deadline looms](https://energiesnet.com/us-indicate-venezuela-oil-sanctions-relief-at-risk-as-deadline-looms/) - Matt Spetalnick, Daphne Psaledakis and Marianna Parraga, Reuters WASHINGTON/HOUSTON EnergiesNet.com 04 17 2024 The Biden administration has signaled that it could reimpose oil sanctions on Venezuela on Thursday in response to what U.S. officials see as President Nicolas Maduro's failure to meet his commitments for free and fair elections this year. Barring any last-minute concessions
- [Mexico’s Claudia Sheinbaum Plans to Spend Billions on Gas, Solar Plants](https://energiesnet.com/mexicos-sheinbaum-plans-to-spend-billions-on-gas-solar-plants/) - Maya Averbuch and Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 04 17 2024 Mexico’s leading presidential candidate would spend around $13.6 billion to boost her country’s use of renewable energy while still adding gas-burning power plants, according to a plan she presented to business leaders. The plan from frontrunner Claudia Sheinbaum would increase wind and
- [US Says It Will Not Renew Venezuela Temporary Oil License](https://energiesnet.com/us-says-it-will-not-renew-venezuela-temporary-oil-license/) - Daphne Psaledakis, Marianna Parraga and Matt Spetalnick, Reuters WASHINGTON/HOUSTON EnergiesNet.com 04 16 2024 The U.S. will not renew a temporary license that widely eased sanctions on Venezuela's oil and gas sector unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year, a State Department spokesperson said on Monday,
- [U.S. extends license protecting Citgo from creditors through mid-August](https://energiesnet.com/u-s-extends-license-protecting-citgo-from-creditors-through-mid-august/) - Reporting by Rami Ayyub, Caitlin Webber and Marianna Parraga, Reuters WASHINGTON Energiesnet.com 04 16 2024 The U.S. Treasury Department extended through mid-August a license protecting Venezuela-owned oil refiner Citgo Petroleum (PDVSAC.UL) from creditors seeking to enforce judgments from past expropriations and debt defaults, according to a Monday post on the department's website. The Treasury's general
- [What’s Next for Oil? Analysts Weigh In After Iran’s Attack](https://energiesnet.com/whats-next-for-oil-analysts-weigh-in-after-irans-attack/) - Yongchang Chin and Ben Bartenstein, Bloomberg News SINGAPORE/DUBAI energiesNet.com 04 15 2024 Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action to the notion that the strike was well-flagged beforehand, and expectations that the conflict will remain contained in the aftermath. As Israel weighs its response
- [Iran's Missile Attack on Israel Upsets OPEC+ Seach for Goldilocks Price](https://energiesnet.com/irans-missile-attack-on-israel-upsets-opec-seach-for-goldilocks-price/) - Javier Blas, Bloomberg News LONDON EnergiesNet.com 04 14 2024 Recently, I asked the head of a state-owned oil company in the Middle East what price OPEC+ is aiming for. Laughing, he replied: $99.99 a barrel, and not a single cent higher. Even following Iran’s missile attack on Israel, there’s a good chance the cartel can
- [Petrobras Chairman Jean Paul Prates Suspended, Complicating Leadership Debate](https://energiesnet.com/petrobras-chairman-jean-paul-prates-suspended-complicating-leadership-debate/) - Mariana Durao and Peter Millard, Bloomberg News RIO EnergiesNet.com 04 12 2024 A court suspended Petroleo Brasileiro SA’s government-appointed chairman for alleged conflicts of interest, a new twist in a leadership struggle that has consumed the company for weeks. Pietro Mendes was removed from his position by a court in São Paulo, according to a
- [US and Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears](https://energiesnet.com/us-and-venezuela-secretly-meet-in-mexico-as-oil-sanctions-deadline-nears/) - Andreina Itriago Acosta and Eric Martin, Bloomberg News CARACAS/WASHINGTON EnergiesNet.com 04 12 2024 US officials met secretly this week with members of Venezuelan President Nicolás Maduro’s administration to keep him engaged in negotiations over democratic reforms as a deadline nears to reinstate sanctions against the nation’s oil industry. Representatives from Joe Biden’s administration and the
- [Petrobras CEO Jean Paul Prates to Remain in Charge of Brazil Oil Giant as Lula Dispute Cools](https://energiesnet.com/petrobras-ceo-jean-paul-prates-to-remain-in-charge-of-brazil-oil-giant-as-lula-dispute-cools/) - Martha Beck and Simone Iglesias, Bloomberg News BRASILIA EnergiesNet.com 04 22 2024 Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter. A dispute over the
- [Gustavo Petro Seeks Deal to Let Ecopetrol Produce Venezuelan Oil and Gas](https://energiesnet.com/gustavo-petro-seeks-deal-to-let-ecopetrol-produce-venezuelan-oil-and-gas/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 04 11 2024 Colombia is working on a deal to produce oil and natural gas in Venezuela, President Gustavo Petro said following a trip to Caracas. State-controlled Ecopetrol SA could develop “high quality” oil and gas in western Venezuela under the agreement, while Colombia could export clean energy to
- [US Defense Secretary Slams Strikes on Russia Oil Refineries as Risk to Oil Markets](https://energiesnet.com/us-defense-secretary-slams-strikes-on-russia-oil-refineries-as-risk-to-oil-markets/) - Peter Martin and Roxana Tiron, Bloomberg News WASHINGTON EnergiesNet.com 04 10 2024 Defense Secretary Lloyd Austin warned that Ukraine’s recent attacks on Russian oil refineries risk impacting global energy markets and urged the country to focus on military targets instead. As Ukraine’s battlefield situation has steadily deteriorated in recent weeks, the country has increasingly
- [Former Venezuelan oil, finance ministers and a pro-government businessman arrested in PDVSA corruption case](https://energiesnet.com/former-venezuelan-oil-finance-ministers-and-a-pro-government-businessman-arrested-in-pdvsa-corruption-case/) - Reporting by Mayela Armas and Deisy Buitrago, Reuters CARACAS EnergiesNet.com 04 10 2024 Venezuela's former oil minister, Tareck El Aissami, once one of the most influential officials in President Nicolas Maduro's government, has been arrested in a corruption probe into state oil company PDVSA, the attorney general said on Tuesday. Former finance minister Simon Zerpa
- [Petrobras finds hydrocarbons in ultra-deep waters of Potiguar basin](https://energiesnet.com/petrobras-finds-hydrocarbons-in-ultra-deep-waters-of-potiguar-basin/) - Reporting by Steven Grattan and Fabio Teixeira, Reuters SAO PAULO EnergiesNet.com 04 09 2024 Brazil's state-run oil company Petrobras said on Tuesday it has discovered oil deposits in the ultra-deep waters of the Potiguar basin, in the Equatorial Margin. This is the second well in Potiguar where the firm has found hydrocarbons. Both finds are
- [Oil prices finish lower Tuesday as traders weigh prospects for Gaza ceasefire](https://energiesnet.com/oil-prices-finish-lower-tuesday-as-traders-weigh-prospects-for-gaza-ceasefire/) - Myra P. Saefong and William Watts, MarketWatch SAN FRANCISCO/NEW YORK Energiesnet.com 04 09 2024 Crude-oil futures tallied a back-to-back session decline on Tuesday as traders weighed prospects for a ceasefire in Gaza and related risks to oil supplies in the Middle East. Price moves West Texas Intermediate crude CL00, 0.32% for May delivery CL.1, 0.32%
- [Exxon’s $60 Billion Fight With Chevron Will Reshape Big Oil - Javier Blas/Bloomberg](https://energiesnet.com/exxons-60-billion-fight-with-chevron-will-reshape-big-oil-javier-blas-bloomberg/) - By Javier Blas The prize is called Stabroek — a series of oil fields off the coast of Guyana, the Latin American nation bordering Venezuela and Brazil. The potential riches are incredible — about 11 billion barrels of oil, worth nearly $1 trillion at current prices. And Stabroek is now at the center of a
- [Rystad Energy: 2024 Energy Transition Marathon](https://energiesnet.com/rystad-energy-2024-energy-transition-marathon/) - Is 2030 still uncertain? Opportunities and risks in achieving net zero by 2050 What does the latest data tell us about the pace of the Energy Transition? Is the 1.5-degree target still within reach? Or is the headwind around green energy share prices evidence of a slower transition? What will the energy landscape likely look
- [Evading Mitigation Responsibility is "Naive", Says Dan Romito from Pickering Energy Partners (video)](https://energiesnet.com/evading-mitigation-responsibility-is-naive-says-dan-romito-from-pickering-energy-partners-video/) - Jordan Blum, Hart Energy SHREVEPORT, LouisianaEnergyesNet.com 04 09 2024 Dan Romito, the consulting partner at Pickering Energy Partners, says evading mitigation responsibility is "naive" as methane detection technology and regulation are focusing on oil and gas companies, in this Hart Energy Exclusive interview. Jordan Blum, editorial director, Hart Energy: We are here at Hart Energy's
- [The Case Trump is Desperate to Delay - Dan Rather](https://energiesnet.com/the-case-trump-is-desperate-to-delay-dan-rather/) - By Dan Rather But why is Donald Trump so obsessed with delaying this trial? For someone who constantly professes his innocence, wouldn’t a quick trial clear his name? For Donald Trump, there is more at stake than name-clearing. What is about to happen in a New York courtroom amounts to Trump coming face to face
- [Climate harms ignored in Gulf of Mexico oil and gas leasing analysis, an environmental group lawsuit claims](https://energiesnet.com/climate-harms-ignored-in-gulf-of-mexico-oil-and-gas-leasing-analysis-an-environmental-group-lawsuit-claims/) - Clark Mindock, Reuters NEW YORK EnergiesNet.com 04 09 2024 April 8 (Reuters) - An environmental group sued the U.S. Fish and Wildlife Service on Monday, arguing it failed to assess how oil and gas development in the Gulf of Mexico could aggravate climate change and how that might harm endangered wildlife. The Center for Biological
- [2024 Atlantic hurricane season well above-average predicts Colorado State University](https://energiesnet.com/2024-atlantic-hurricane-season-well-above-average-predicts-colorado-state-university/) - CSU MarComm. Staff FORT COLLINS, Colorado EnergiesNet.com 04 09 2024 CSU anticipate that the 2024 Atlantic basin hurricane season will be extremely active.Colorado State University hurricane researchers are predicting an extremely active Atlantic hurricane season in their initial 2024 forecast. The team cites record warm tropical and easte subtropical Atlantic sea surface temperatures as a
- [Caribbean updates: Guyana rejects Venezuela Essequibo claim](https://energiesnet.com/caribbean-updates-guyana-rejects-venezuela-essequibo-claim/) - Just Caribbean Updates Venezuelan President Nicolás Maduro signed into law the results of a controversial referendum that laid claim to a significant chunk of Guyana’s territory, the oil-rich Essequibo region, last week. Maduro alleged that the U.S. has installed secret military bases in the territory, and are using them as a launch point for aggression
- [Latam Brief: Glas hospitalized](https://energiesnet.com/latam-brief-glas-hospitalized/) - Latin America Daily Briefing Former Ecuadorean vice-president Jorge Glas was taken to a hospital yesterday from the maximum security jail where he has been held since being captured in last week’s embassy raid, reports the Guardian. He had apparently refused to eat since being transferred to “La Roca” in Guayaquil on Friday night. (See yesterday’s
- [Caribbean Updates: Decolonization and Reparations - CPAN (video)](https://energiesnet.com/caribbean-updates-decolonization-and-reparations-cpan-video/) - Just Caribbean Updates Panelists at a conference to examine the decolonization movement in the Caribbean discussed human rights, decolonization, independence, and reparations relative to remaining European and American colonies in the region. Last week’s Caribbean Pan African Network Symposium on Non-Independent Caribbean Territories/Protectorates, moderated by David Comissiong of Barbados: “Our Symposium has been designed to
- [BP in talks to sell some Trinidad & Tobago upstream gas assets to Perenco](https://energiesnet.com/bp-in-talks-to-sell-some-trinidad-tobago-upstream-gas-assets-to-perenco/) - Curtis Willams, Reuters HOUSTON EnergiesNet.com 04 09 2024 BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1.3
- [Rivalries in Lula’s Cabinet disrupt Petrobras and Brazilian Markets](https://energiesnet.com/rivalries-in-lulas-cabinet-disrupt-petrobras-and-brazilian-markets/) - Martha Beck, Bloomberg News BRASILIA EnergiesNet.com 04 09 2024 A spiraling dispute over the leadership of Petroleo Brasileiro SA is exposing fault lines in President Luiz Inacio Lula da Silva’s administration, repeatedly roiling markets. The battle over Petrobras’s top job erupted last week, when Mines and Energy Minister Alexandre Silveira lobbed his latest round of
- [Guyana gas-to-power project and pipeline to shave weeks off oil output, hit revenue](https://energiesnet.com/guyana-gas-to-power-project-and-pipeline-to-shave-weeks-off-oil-output-hit-revenue/) - Sabrina Valle, Reuters GEORGETOWN EnergiesNet.com 04 08 2024 Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion. The $1.9 billion gas-to-power project,
- [One dead, two seriously injured after fire hit Pemex Akal-B oil platform in Mexico](https://energiesnet.com/one-dead-two-seriously-injured-after-fire-hit-pemex-akal-b-oil-platform-in-mexico/) - Reporting by David Alire Garcia, Reuters MEXICO CITY EnergiesNet.com 04 08 2024 At least one contractor was killed after a fire struck an offshore platform operated by Mexico's national oil company Pemex, the firm said in a statement on Sunday, adding that two others were in "grave" condition. A total of nine workers suffered injuries
- [Latam Brief: Haiti's crisis a month into gang insurrection](https://energiesnet.com/haiti-crisis-a-month-into-gang-insurrection/) - Latin America Daily Briefing It has been a month since Haitian gangs besieged capital Port-au-Prince with a series of violent coordinated attacks that successfully destabilized the remnants of the Henry administration. Scenes of destruction continue to play out as “thousands continue to be forced out of their homes and into soiled encampments amid spreading disease
- [Biden’s oil boom: How fossil fuels thrived despite the White House's climate policies - Reuters](https://energiesnet.com/bidens-oil-boom-how-fossil-fuels-thrived-despite-the-white-houses-climate-policies/) - Prinz Magtulis, Nichola Groom, Jarrett Renshaw and Moira Warburton, Reuters NEW YORK/LOS ANGELES/WASHINGTON Energiesnews.com 03 29 2024 Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his administration has pushed hard to transition the U.S. economy toward a carbon-free future to fight climate change. The
- [Argentina’s Biggest Challenge - Brian Winter/Americas Quarterly](https://energiesnet.com/argentinas-biggest-challenge-brian-winter-americas-quarterly/) - By Brian Winter In the course of my life I have probably spent, without exaggeration, at least 1,000 hours in Buenos Aires drinking coffee and listening to people offer their pet theories on how Argentina lost its way. Throughout those conversations, I’ve heard friends and politicians variously blame: Juan Perón, Eva Perón, Isabel Perón, Old
- [Former DOS Officials Urge US The Renewal of Venezuela Sanctions, Open Letter to Secretary State Blinken on Venezuela](https://energiesnet.com/former-doe-officials-urge-us-the-renewal-of-venezuela-sanctions-open-letter-to-secretary-state-blinken-on-venezuela/) - Eamonn Brennan, S&P Global Platts NEW YORK EnergiesNet.com 04 05 2024 Twenty former United States officials urged the Biden administration to reimpose sanctions on Venezuela if the current regime fails to live up to its democratic promises ahead of a looming expiration deadline. In a letter dated April 3, a list of former US officials,
- [Brazil eyes swap for embattled Petrobras CEO, sources say](https://energiesnet.com/brazil-eyes-swap-for-embattled-petrobras-ceo-sources-say/) - Lisandra Paraguassu and Rodrigo Viga Gaier, Reuters BRASILIA EnergiesNet.com 04 05 2024 Brazil's government is weighing names to replace Petrobras CEO Jean Paul Prates in coming days, two government sources told Reuters on Thursday, but two sources close to the CEO of the state-run oil firm said his exit is not a done deal. Prates
- [OPEC+ to Maintein Supply Cuts While Oil Nears $90 a Barrel (video)](https://energiesnet.com/opec-maintein-supply-cuts-while-oil-nears-90-a-barrel-video/) - Grant Smith, Salma El Wardany, Fiona MacDonald and Nayla Razzouk, Bloomberg News LONDON/CAIRO/KUWAIT/PARISEnergiesNet.com 04 04 2024 OPEC+ chose to stick with oil supply cuts for the first half of the year, keeping global markets tight and potentially sending prices higher. A panel of key members led by Saudi Arabia recommended no policy changes at an
- [Shell seeks longer US license before sanctioning Venezuela Dragon gas project](https://energiesnet.com/shell-seeks-longer-us-license-before-sanctioning-venezuela-dragon-gas-project/) - Marianna Parraga and Curtis Williams, Reuters HOUSTON EnergiesNet.com 04 04 2024 iOil major Shell is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said. The Dragon field lies in Venezuelan waters near the maritime border with
- [The world is transitioning to American oil from Saudi crude - Javier Blas](https://energiesnet.com/the-world-is-transitioning-to-american-oil-from-saudi-crude-javier-blass/) - By Javier Blas Picture the scene: Weeks after the world came together at the COP28 summit with a deal for "transitioning away from fossil fuels," Saudi Arabia, the oil industry's flagship producer, cancels a planned increase in its crude output capabilities. On paper, it's the stuff climate activists dream about. No so fast. First, the
- [U.S. oil benchmark tops $85 a barrel Tuesday, hits highest level since October as Middle East tensions escalate](https://energiesnet.com/u-s-oil-benchmark-tops-85-a-barrel-tuesday-hits-highest-level-since-october-as-middle-east-tensions-escalate/) - Williams Watts and Isabel Wang, marketWatch NEW YORK EnergiesNet.com 04 02 2024 The benchmark U.S. oil futures contract ended above $85 a barrel for the first time since October on Tuesday — getting a lift after a strike a day earlier by Israel on Iran’s embassy in Syria stoked fears of a widening conflict in
- [OPEC Oil Output Stays Steady as Group’s Latest Cutbacks Stall](https://energiesnet.com/opec-oil-output-stays-steady-as-groups-latest-cutbacks-stall/) - Grant Smith, Julian Lee and Bill Lehane, Bloomberg News LONDON EnergiesNet.com 04 03 2024 OPEC’s crude oil production remained steady last month while some members stalled on delivering agreed cutbacks. The Organization of Petroleum Exporting Countries pumped 26.86 million barrels of crude a day in March, according to a Bloomberg survey, barely changed from the
- [Pemex to cancel up to 436,000 bpd of crude exports in April. Oil output down to its lowest level in 45 years](https://energiesnet.com/pemex-to-cancel-up-to-436000-bpd-of-crude-exports-in-april-oil-output-down-to-its-lowest-level-in-45-years/) - Stefanie Eschenbacher and Arathy Somasekhar, Reuters MEXICO CITY EnergiesNet.com 04 03 2024 Mexico's state energy company Pemex requested its trading unit to cancel up to 436,000 barrels per day of crude exports this month as it gets ready to process domestic oil at the new Dos Bocas refinery, an internal document seen by Reuters shows.
- [Mexico's Pemex to Halt Some Oil Exports, Squeezing Global Market](https://energiesnet.com/mexico-to-halt-some-oil-exports-squeezing-global-market/) - Lucia Kassai, Bloomberg News HOUSTON EnergiesNet.com 04 02 2024 Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply from a tightening global market. Petroleos Mexicanos, also called Pemex, canceled contracts to supply its flagship Maya crude oil to refiners in the US, Europe
- [Petroindependencia a Joint Venture of PDVSA, Chevron Launches New Drilling Plan](https://energiesnet.com/petroindependencia-a-joint-venture-of-pdvsa-chevron-launches-new-drilling-plan/) - Reporting by Deisy Buitrago, Reuters CARACAS EnergiesNet.com 04 02 2024 Petroindependencia, a joint venture between Venezuelan state-owned oil company PDVSA and U.S.-based major Chevron has started a new drilling campaign, PDVSA said in a statement on Monday. The United States loosened oil sanctions on Venezuela in October following an election guarantee agreement between the South
- [Top 10 issues for global oil markets and mobility in 2024](https://energiesnet.com/top-10-issues-for-global-oil-markets-and-mobility-in-2024/) - Jim Burkhard, S&P Global Platts WASHINGTON EnergiesNet.com 04 01 2024 The global oil and mobility sectors stand at a critical juncture in 2024, grappling with a complex interplay of geopolitical, technological and economic forces that promise to reshape the industry's landscape. We delve into the top 10 issues that are poised to define the trajectory
- [OPEC daily basket price stood at $84.98 a barrel Wednesday, March 27 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-84-98-a-barrel-thursday-march-27-en/) - EnergiesNet NewsCARACASEnergiesNet.com 04 01 2024 The price of OPEC basket of thirteen crudes stood at 84.98 a barrel Wednesday, compared with $85.92 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [Russia Sends Cuba First Oil in a Year to Ease Blackouts and Unrest](https://energiesnet.com/russia-sends-cuba-first-oil-in-a-year-to-ease-blackouts-and-unrest/) - Jim Wyss and Scott Squires, Bloomberg News HAVANA/MEXICO CITY EnergiesNet.com 03 29 2024 When a Russian fuel tanker docks east of Havana this week, it will be welcome relief for Cuban officials trying to stymie growing unrest. Some 715,000 barrels of crude are due to arrive Friday at the port of Matanzas in Russia’s
- [US Oil Suppliers Muscling Into OPEC+ Markets All Over the World](https://energiesnet.com/us-oil-suppliers-muscling-into-opec-markets-all-over-the-world/) - Devika Krishna Kumar, Bloomberg News NEW YORK EnergiesNet.com 04 01 2024 One major beneficiary of sanctions on Russian and Venezuelan oil? US suppliers who’ve muscled their way into markets once dominated by OPEC and its allies. US oil exports have set five new monthly records since Western nations began imposing sanctions on Russia in 2022.
- [ConocoPhillips ask court to defer ruling on awards overlap until auction held](https://energiesnet.com/conocophillips-ask-court-to-defer-ruling-on-awards-overlap-until-auction-held/) - Gary McWilliams, Reuters HOUSTON Energiesnet.com 03 30 2024 ConocoPhillips on Friday asked a U.S. court to put off a decision on overlaps among its awards against Venezuela for past expropriations until proceeds from an auction of shares in a Citgo Petroleum parent are known. U.S. District Court in Delaware is conducting an auction of shares
- [Crude output at  Pemex slumps to more than four-decade low](https://energiesnet.com/crude-output-at-pemex-slumps-to-more-than-four-decade-low/) - Ana Isabel Martinez, Reuters MEXICO CITY EnergiesNet.com 03 29 2024 Mexican state energy company Pemex said its crude oil production in February hit its lowest monthly level in 45 years, as output of the key commodity remained far from the goals laid out by outgoing President Andres Manuel Lopez Obrador. The company's latest numbers, published
- [How Temporary Protected Status has expanded under the Biden administration](https://energiesnet.com/how-temporary-protected-status-has-expanded-under-the-biden-administration/) - Mohamad Moslimani, Pew Research Center WASHINGTON EnergiesNet.com 03 29 2024 Since President Joe Biden took office in January 2021, his administration has greatly expanded the number of immigrants who are eligible for Temporary Protected Status (TPS) – a designation that gives them time-limited permission to live and work in the United States and avoid potential
- [Russia orders companies to cut oil output to meet OPEC+ target](https://energiesnet.com/russia-orders-companies-to-cut-oil-output-to-meet-opec-target/) - Reporting by Reuters MOSCOW EnergiesNet.com 03 29 2024 Russia's government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target of 9 million barrels per day (bpd) by the end of June in line with its pledges to OPEC+, three industry sources said on Monday. Earlier this
- [Oil ends higher Thursday, with U.S. prices up 16% for the quarter](https://energiesnet.com/oil-ends-higher-thursday-with-u-s-prices-up-16-for-the-quarter/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 03 28 2024 This feature is powered by text-to-speech technology. Want to see it on more articles?Give your feedback below or email audiofeedback@marketwatch.com. Oil futures settled higher Thursday for the first time in three sessions to tally a solid gain for the quarter and
- [Guyana: Is Oil a Blessing or a Curse?](https://energiesnet.com/guyana-is-oil-a-blessing-or-a-curse/) - Gaiutra Bahadur, NYTimesPhotographs by Keisha Scarville GEORGETOWN EnergiesNet.com 03 30 2024 Basjit Mahabir won’t let me in. I’m trying to persuade Mr. Mahabir to open the padlocked gate of the Wales Estate, where he guards the ramshackle remains of a factory surrounded by miles of fallow sugar cane fields. The growing and grinding of sugar
- [How electricity generation around the world is changing](https://energiesnet.com/how-electricity-generation-around-the-world-is-changing/) - EnergyNet CARACAS EnergiesNet.com 03 29 2024 This story from tn the NYTimes shows the above graph previously published in The New York Times. The data, which excludes both imports and exports, is a 2022 estimate made by Ember, an energy think tank. The hydroelectric category includes other renewable sources of power besides wind and solar.
- [U.S. Approves $1.5 Billion Loan to Restart Michigan Nuclear Plant](https://energiesnet.com/u-s-approves-1-5-billion-loan-to-restart-michigan-nuclear-plant/) - Ivan Penn, NYTimes LOS ANGELES EnergiesNet.com 03 n 29 2024 The Biden administration announced on Wednesday that it had agreed to provide a $1.52 billion loan guarantee to help a company restart a nuclear power plant in Michigan — the latest step in the government’s effort to revive the nation’s reactors. The loan guarantee from
- [Interview: TikTok, with James Andrew Lewis](https://energiesnet.com/interview-tiktok-with-james-andrew-lewis/) - James Andrew Lewis, the Center for Strategic and International Studies (CSIS) WASHINGTONEnergiesNet.com 03 29 2024 How many Americans use TikTok? Roughly 100 million American use TikTok regularly. More importantly, survey data shows that 30% of these Americans use TikTok as their source of news. The US House of Representatives just passed a bill on TikTok. What
- [Latam Brief: Lula and Macron, sitting in a tree](https://energiesnet.com/latam-brief-lula-and-macron-sitting-in-a-tree/) - Latin America Daily Briefing French President Emmanuel Macron’s three-day trip to Brazil this week was fruitful. Macron and his host, Brazilian President Luiz Inácio Lula da Silva, announced a $1.1 billion public-private investment program to protect the Brazilian and Guyanese Amazon rainforest. They signed a series of cooperation agreements that aim to underscore warm relations
- [Exxon, Cnooc Merge Guyana Arbitration Claims Against Chevron](https://energiesnet.com/exxon-cnooc-merge-guyana-arbitration-claims-against-chevron/) - Kevin Crowley, Bloomberg News HOUSTON EnergiesNet.com 03 29 2024 Exxon Mobil Corp. and Cnooc Ltd. merged arbitration claims against Chevron Corp.’s proposed takeover of Hess Corp. that would allow the US oil supermajor to enter Guyana’s Stabroek Block. The unified arbitration was approved after a March 26 application, according to a Hess letter to stockholders
- [Macron says EU-Mercosur proposal is 'very bad deal' on visit to Brazil](https://energiesnet.com/macron-says-eu-mercosur-proposal-is-very-bad-deal-on-visit-to-brazil/) - Sarah Morland, Reuters MEXICO CITY/SAO PAULO EnergiesNet.com 03 28 2024 French President Emmanuel Macron said on Wednesday during his visit to Brazil that a potential agreement between the European Union and the South American Mercosur trade bloc as it stands is a "very bad deal" and more climate commitments are needed. "As it is negotiated
- [Refiner Citgo set to open data room for bidders tied to court auction](https://energiesnet.com/refiner-citgo-set-to-open-data-room-for-bidders-tied-to-court-auction/) - Gary Mcwilliams and Marianna Parraga, Reuters HOUSTON EnergiesNet.com 03 28 2024 Citgo Petroleum (PDVSAC.UL), the Venezuela-owned oil refiner, is set to open a data room in coming days to provide operational and financial information to bidders under a court-ordered auction that could lead to new ownership, people familiar with the matter said on Wednesday. A
- [Latam Brief: Venezuelan opposition names placeholder candidate](https://energiesnet.com/latam-brief-venezuelan-opposition-names-placeholder-candidate/) - Latin America Daily Briefing Venezuela’s Democratic Unitary Platform, a coalition of opposition parties, obtained a last minute window of negotiation for a ballot space in July presidential elections, after electoral authorities prevented its candidate from registering by Monday’s deadline. Yesterday the PUD secretary general Omar Barboza revealed that an unnamed candidate (known as number 13)
- [What's Been of the Emblematic Dispute Between Venezuela and Guyana Over the Esequibo? - Frank Bracho/RCL](https://energiesnet.com/whats-been-of-the-emblematic-dispute-between-venezuela-and-guyana-over-the-esequibo-frank-bracho-rcl/) - By Frank Bracho "Coherence is not a weakness, but a Strength" -Pope Francis 1.THE PRESENT SITUATION: ¿Is the current mono-railed INERTIA still going on? The formal position of confrontation "between the two official disputing parties" is maintained? But, in the background, beyond the accruing or not of mere "territorial sovereign titles", there remains the suspicion that some
- [Bolivia opens first biodiesel plant to curb imports](https://energiesnet.com/bolivia-opens-first-biodiesel-plant-to-curb-imports/) - Lucien Chauvin, Argus Media BUENOS AIRES EnergiesNet.com 03 27 2024 Bolivia inaugurated operations of a 1,500 b/d biodiesel plant this week, the first in the country and part of a strategy to lower crude imports. The plant, in the eastern Santa Cruz department, will use oil seeds, palm oil and recycled cooking oil as feedstock,
- [Filling Nuclear Power's $5 Trillion Hole Is Beyond the Banks](https://energiesnet.com/filling-nuclear-powers-5-trillion-hole-is-beyond-the-banks/) - Jonathan Tirone, Bloomberg News BRUSSELS EnergiesNet.com 03 27 2024 Nuclear-energy officials arrived in Brussels this week amid a growing wave of public support for atomic power. They left humbled by the tepid reaction of bankers assessing the price tag of their ambitions. The International Atomic Energy Agency convened a summit to build momentum for a
- [Todd Petersen on CERAWeek, Final                     ](https://energiesnet.com/todd-petersen-on-ceraweek-final/) - Todd Petersen, Special to EnergiesNet HOUSTON EnergiesNet.com 03 27 2024 The CERAWeek Executive Conference continues with additional presentations covering geopolitics, post – COVID demand, OGCI, mining, CCUS and nuclear to name a few. The same is true with new technology in the innovation agora section. Geopolitics covered many areas, but the main topics were related
- [New Venezuelan opposition candidate may give US sanction relief options: analysts](https://energiesnet.com/new-venezuelan-opposition-candidate-may-give-us-sanction-relief-options-analysts/) - Kate Winston, Eamonn Brennan, Mery Mogollon, Platts S&P Global WASHINGTON/NEW YORK/CARACAS EnergiesNet.com 03 27 2024 Several Venezuelan opposition parties have put their support behind a new candidate, Corina Yoris, to run against President Nicolás Maduro, a move that some analysts say could prompt the US to consider extending at least some oil sanctions relief in
- [Canacol Investors Fear Worst as Colombia Gas Producer’s Cash Woes Spark Major Selloff](https://energiesnet.com/canacol-investors-fear-worst-as-colombia-gas-producers-cash-woes-spark-major-selloff/) - Vinícius Andrade and Maria Elena Vizcaino, Bloomberg News BOGOTA EnergiesNet.com 03 27 2024 Bonds of Canacol Energy Ltd. are getting hammered after the largest private natural gas producer in Colombia said its liquidity had slumped as it struggles with weak production volumes. Notes maturing in 2028 tumbled as much as 20 cents on the dollar
- [Europe’s Nuclear Revival Plans Risk Being Too Little, Too Late](https://energiesnet.com/europes-nuclear-revival-plans-risk-being-too-little-too-late/) - John Ainger and Jonathan Tirone, Bloomberg News BRUSSELS/VIENNA EnergiesNet.com 03 22 2024 European leaders are trying to move past decades of neglect to spur a renaissance in nuclear energy. The fear is that it may already be too late. The region has set stiff targets for lowering emissions and ensuring energy security by the middle
- [LatAm clean energy sector calls for global taxonomy](https://energiesnet.com/latam-clean-energy-sector-calls-for-global-taxonomy/) - Jacqueline Echevarria, Argus Media NEW YORK EnergiesNet.com 03 26 2024 The Latin America energy sector is calling for the creation of a global taxonomy that sets standards for clean energy technologies and financial instruments to attract investment in clean energy technologies. Around $1.8 trillion was invested in clean energy technologies globally in 2023, according to
- [Indian Buyers of Venezuelan Oil Halt PDVSA Imports on Sanction Fears](https://energiesnet.com/indian-buyers-of-venezuelan-oil-halt-pdvsa-imports-on-sanction-fears/) - Rakesh Sharma and Lucia Kassai, Bloomberg News DELHI/HOUSTON EnergiesNet.com 03 26 2024 Indian buyers of Venezuelan oil — including billionaire Mukesh Ambani’s Reliance Industries Ltd. — have halted purchases from the OPEC producer ahead of the expiry of a sanctions waiver in the middle of next month. Reliance Industries, the country’s biggest buyer of grades
- [CERAWeek: From AI to Oil, Demand Dominates the Talk in Houston](https://energiesnet.com/ceraweek-from-ai-to-oil-demand-dominates-the-talk-in-houston/) - Will Kennedy and Simon Casey, Bloomberg News HOUSTON EnergiesNet.com 03 22 2024 The outlook was robust at CERAWeek, and that may have profound implications for the energy transition. If you’re looking for a word to sum up this year’s CERAWeek by S&P Global, try this one: demand. Whether they were discussing oil, gas, power or
- [PetroChina's Jieyang refinery to receive first Venezuelan oil cargo](https://energiesnet.com/petrochinas-jieyang-refinery-to-receive-first-venezuelan-oil-cargo/) - Reporting by Florence Tan, Reuters SINGAPORE Energiesnet.com 03 25 2024 PetroChina's Jieyang refinery will receive its first direct crude oil cargo from Venezuela this weekend, according to trade sources and shiptracking data on Kpler, after Washington temporarily lifted sanctions on the OPEC producer. The 2 million barrels of Venezuelan Merey crude onboard supertanker Elysia is
- [Report: Positive Cash Flow + (March 22, 2024) – Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-march-22-2024-raul-torrealba-video/) - Market Report Building Income: Week #12 of 2024, Week ‘s report on ideas for positive cash flow Update on relevant financial information.March 18-22, 2024 1 Macroeconomic Environment: Week ending: Interest rates were maintained, and the forecast for three rate cuts in 2024 remains unchanged.Stocks hit a new record high price following the Federal Reserve's new
- [Oil scores a small gain for the week Friday as UN Gaza ceasefire resolution falls through](https://energiesnet.com/oil-scores-a-small-gain-for-the-week-friday-as-un-gaza-ceasefire-resolution-falls-through/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 03 22 2024 Oil futures finished lower on Friday but tallied a slight gain for the week as a United Nations Gaza ceasefire resolution failed to pass and attacks between Russia and Ukraine intensified. Price moves West Texas Intermediate crude CL00, -0.32% for May
- [Mexico’s Presidential Candidate Claudia Sheinbaum Vows to Cap Pemex Output, Boost Green Energy](https://energiesnet.com/mexicos-presidential-candidate-claudia-sheinbaum-vows-to-cap-pemex-output-boost-green-energy/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 03 22 2024 Mexico’s leading presidential candidate Claudia Sheinbaum vowed to keep up support for state-owned Petroleos Mexicanos, even while pushing toward renewable energy. Sheinbaum on Monday laid out a plan to increase Mexico’s renewable energy capacity, striking a contrast with President Andres Manuel Lopez Obrador, who said
- [India’s Jindal Takes On Operations at CVG Ferrominera Orinoco Venezuela’s Largest Iron-Ore Mill](https://energiesnet.com/indias-jindal-takes-on-operations-at-cvg-ferrominera-orinoco-venezuelas-largest-iron-ore-mill/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 03 22 2024 India’s Jindal Steel & Power Ltd. has taken over operations at Venezuela’s largest iron-ore complex, the first for a private-run firm in the South American country’s heavy industry in over a decade, just months after striking a deal with the Nicolás Maduro government. Jindal officials are
- [CERAWeek:Mexico needs to combine gas, renewables for energy transition -Valia CEO](https://energiesnet.com/ceraweekmexico-needs-to-combine-gas-renewables-for-energy-transition-valia-ceo/) - MArianna Parraga, Reuters HOUSTON Energiesnet.com 03 22 2024 Mexico needs to rely on natural gas while beginning its energy transition path to a larger use of renewable energy, the CEO of Valia Energia, one of the largest private power companies in Mexico, said on Thursday. The Latin American country has a presidential election in June
- [CERAWeek:Trinidad Seeks US License for BP Gas Project Shared with Venezuela and Extension of Shell-NGC Dragon Gas](https://energiesnet.com/trinidad-seeks-us-license-for-bp-gas-project-shared-with-venezuela-and-extension-of-shell-ngc-dragon-gas/) - Marianna Parraga, Reuters HOUSTON Energiesnet.com 03 22 2024 The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of a natural gas project shared with Venezuela that also involves BP (BP.L), Energy Minister Stuart Young said on Thursday. The Manakin-Cocuina areas are part of
- [CERAWeek: Global governance needed for energy transition: Brazil](https://energiesnet.com/ceraweek-global-governance-needed-for-energy-transition-brazil/) - Jacqueline Echevarria, Platss S&PGlobal HOUSTON EnergiesNet.com 21 03 2024 The creation of a global governance that includes rules for financing and is inclusive with developing economies will help achieve a just and equitable energy transition, Brazil energy and mines minister Alexandre Silveira said. "The energy transition is only going to go faster if we have
- [CERAWeek: Exxon CEO Says Hydrogen Project at Risk Without IRA Tax Credits](https://energiesnet.com/ceraweek-exxon-ceo-says-hydrogen-project-at-risk-without-ira-tax-credits/) - Kevin Crowley, Bloomberg News HOUSTON EnergiesNet.com 03 21 2024 Exxon Mobil Corp. won’t move forward with one of the world’s largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities, Chief Executive Officer Darren Woods said during an interview. Under the current guidelines, incentives are earmarked for projects that produce
- [Exxon Says It Discovered New Guyana Oil Reserves](https://energiesnet.com/exxon-says-it-discovered-new-guyana-oil-reserves/) - Mitchell Ferman, Bloomberg News HOUSTON EnergiesNet.com 03 21 2024 ExxonMobil Corp. says it found new oil in the waters off Guyana, the South American nation neighboring Venezuela where major oil discoveries have been made recently. The discovery, called Bluefin, in the Stabroek block offshore Guyana is the company’s first new find of 2024. Stabroek is
- [Gunvor Oil Trader With ‘History of Misconduct’ Took Years to End Bribes](https://energiesnet.com/oil-trader-with-history-of-misconduct-took-years-to-end-bribes/) - Jack Farchy and Archie Hunter, Bloomberg News LONDON EnergiesNet.com 03 21 2024 Around the time Gunvor Group Ltd. was convicted on bribery charges in 2019, Chief Executive Officer Torbjörn Törnqvist touted its relatively new compliance department as evidence that the company had changed. Gunvor, by then one of the world’s largest oil traders, had operated
- [CERAWeek: Argentina Vaca Muerta has potential to quintuple oil output,‘Lot of Hope’ for Milei: Techint CEO](https://energiesnet.com/ceraweek-argentina-vaca-muerta-has-potential-to-quintuple-oil-outputlot-of-hope-for-milei-techint-ceo/) - Starr Spencer, Platts S&P Global HOUSTON EnergiesNet.com 03 21 2024 Argentina has the potential to quintuple its current oil output and raise its natural gas reserves and output in its Vaca Muerta shale play once the government's revises its proposed regulatory scheme to streamline investment rules, the CEO of Argentinian energy engineering and construction provider
- [CERAWeek: Petrobras exec says offshore Colombia project could find enough gas for exports](https://energiesnet.com/ceraweek-petrobras-exec-says-offshore-colombia-project-could-find-enough-gas-for-exports/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 03 21 2024 A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region
- [Kamala Harris’ Puerto Rico Visit Is Insulting - Susanne Ramírez de Arellano /Bloomberg](https://energiesnet.com/kamala-harris-puerto-rico-visit-is-insulting-susanne-ramirez-de-arellano-bloomberg/) - By Susanne Ramírez de Arellano Vice President Kamala Harris will visit Puerto Rico Friday to monitor the use of recovery funds and assure Puerto Ricans that although natural disasters devastated the world’s oldest colony more than six years ago and the dispersal of federal funds has been painfully slow, she and President Joe Biden are
- [CERAWeek: Next Mexican president could encourage oil and gas development: Harbour Energy](https://energiesnet.com/ceraweek-next-mexican-president-could-encourage-oil-and-gas-development-harbour-energy/) - Jeff Mower, Platts S&P Global HOUSTON EnergiesNet.com 03 20 2024 Mexico could revise its energy policies to encourage an increase in oil and gas production following the June 2 presidential election, Harbour Energy executive vice president Gustavo Baquero said March 19. "Every country has a different risk, and that picture is moving," Baquero said at
- [Chevron surprised when Exxon filed for arbitration over Guyana - CEO](https://energiesnet.com/chevron-surprised-when-exxon-filed-for-arbitration-over-guyana-ceo/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 03 20 2024 HOUSTON, March 19 (Reuters) - Chevron (CVX.N),was surprised when Exxon Mobil (XOM.N), filed for arbitration over Chevron's plans to buy Hess's (HES.N), Guyana oilfield stake, Chevron CEO Michael Wirth said on Tuesday. The dispute threatens to derail Chevron's $53 billion takeover of Hess. The 30% stake in
- [Latam Brief: Haiti gang attacks continue](https://energiesnet.com/latam-brief-haiti-gang-attacks-continue/) - Latin America Daily Briefing Haiti CARICOM has received nominations for six of the nine spots on a transitional presidential council that aims to organize democratic elections in Haiti. The international plan is to have a council with representatives from key political movements and sectors of civil society but ongoing negotiations “have bogged down by infighting
- [CERAWeek: Aramco CEO Nasser Says Energy Transition Is ‘Visibly Failing’](https://energiesnet.com/aramco-ceo-nasser-says-energy-transition-is-visibly-failing/) - Devika Krishna Kumar and David Wethe, Bloomberg News HOUSTON EnergiesNet.com 03 19 2024 Saudi Aramco Chief Executive Officer Amin Nasser said the global energy transition is “visibly failing” on most fronts as proponents overlook the impacts on consumers dependent on cheap, reliable fuels. In remarks at the opening day of the CERAWeek by S&P Global
- [CERAWeek: Global LNG Market Will 'Be Tight' Until 2026 - CEO of TotalEnergies P. Pouyanne](https://energiesnet.com/global-lng-market-will-be-tight-until-2026-ceo-of-totalenergies-p-pouyanne/) - Reporting by Liz Hampton, Reuters HOUSTON EnergiesNet.com 03 19 2024 The global liquefied natural gas (LNG) market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said on Monday at a conference in Houston. France-based TotalEnergies is a top exporter of U.S. LNG. The company will continue to grow its presence in the U.S.,
- [CERAWeek: Global LNG demand is picking up due to low prices - Wael Sawan CEO of Shell](https://energiesnet.com/global-lng-demand-is-picking-up-due-to-low-prices-wael-sawan-ceo-of-shell/) - Reporting by Ron Bousso HOUSTON EnergiesNet.com 03 19 2024 Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell (SHEL.L) CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added.
- [CERAWeek: US Aims to Return Emergency Oil Reserve to Prior Levels by Year-End Says Jennifer Granholm](https://energiesnet.com/ceraweek-us-aims-to-return-emergency-oil-reserve-to-prior-levels-by-year-end-says-jennifer-granholm/) - Arathy Somasekhar, Reuters HOUSTON EnergiesNet.com 03 19 2024 U.S. crude oil stockpiles in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level prior to a massive 180 million barrel sale two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday. The U.S. is replenishing the SPR, after President Joe
- [Big Oil Sets the Agenda on CERAWeek’s Opening Day](https://energiesnet.com/big-oil-sets-the-agenda-on-ceraweeks-opening-day/) - Simon Casey, Bloomberg News HOUSTON EnergiesNet.com 03 19 2024 . If you’re a mover and shaker in the energy world, there’s a high chance you’re either heading to — or are already in — the industry’s US capital. It’s CERAWeek by S&P Global and Bloomberg News will be covering the event in depth. We’ll have
- [EnergiesNet on CERAWeek, Day 1](https://energiesnet.com/todd-petersen-on-ceraweek-day-1/) - By Todd Petersen, Special to EnergiesNet HOUSTON EnergiesNet.com 03 19 2024 Energy executives, government officials and other dignitaries are gathered in Houston for CERAWeek. This year the theme is “Multidimensional Energy Transition: Markets, climate, technology and geopolitics.” It is a who’s who of professionals. The turnout is larger than in the last several years which
- [CERAWeek: Exxon CEO Says No Interest in Buying Hess, but eyes its Guyana stake](https://energiesnet.com/ceraweek-exxon-ceo-says-no-interest-in-buying-hess-but-eyes-its-guyana-stake/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 03 19 2024 CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself. In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's
- [AMLO Celebrates Oil Takeover Anniversary With Vow to Back Pemex - Bloomberg](https://energiesnet.com/amlo-celebrates-oil-takeover-anniversary-with-vow-to-back-pemex-bloomberg/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 03 19 2024 Mexico President Andres Manuel Lopez Obrador said the nation will continue to support state oil producer Petroleos Mexicanos as the company works to ramp up production at its local refineries and reduce its massive debt load. Speaking from Pemex’s headquarters in Mexico City to mark
- [Report: Positive Cash Flow + (March 15, 2024) – Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-march-15-2024-raul-torrealba-video/) - Market Report Building Income: Week #11 of 2024, Week ‘s report on ideas for positive cash flow Update on relevant financial information.March 11-15, 2024 1 Macroeconomic Environment: Week ending: The CPI inflation report showed an increase of 0.4% over the previous month and 3.2% for the year completed in February. The market was expecting 0.3%
- [Oil mergers, clean fuels vie for attention at Houston CERAWeek energy conference - Reuters](https://energiesnet.com/oil-mergers-clean-fuels-vie-for-attention-at-houston-ceraweek-energy-conference-reuters/) - Arathy Somasekhar, Reuters HOUSTON EnergiesNet.com 03 18 2024 Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85
- [Protesters Take to Streets in Cuba as Lights Go Out Across Island - Bloomberg](https://energiesnet.com/protesters-take-to-streets-in-cuba-as-lights-go-out-across-island-bloomberg/) - Jim Wyss, Bloomberg HAVANA EnergiesNet.com 03 18 2024 Protesters took to the streets of Cuba on Sunday in a rare outburst of social unrest as a fresh wave of blackouts exacerbated tensions on the cash-strapped island. Social media posts showed crowds of people in Santiago de Cuba, the second-largest city on the eastern part of
- [Weak bids in Citgo auction spurs Venezuela to pitch alternative pay plan - Reuters](https://energiesnet.com/weak-bids-in-citgo-auction-spurs-venezuela-to-pitch-alternative-pay-plan-reuters/) - Marianna Parraga, Reuters HOUSTON/MIAMI EnergiesNet.com 03 15 2024 The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved claims, two people familiar with the matter said. A federal court in Delaware is auctioning
- [BPtt in talks with Venezuela and Trinidad governments to develop gas field - Reuters](https://energiesnet.com/bptt-in-talks-with-venezuela-and-trinidad-governments-to-develop-gas-field-reuters/) - Reporting by Curtis Williams HOUSTON EnergiesNet.com 03 15 2024 BP PLC and Venezuela confirmed on Thursday they are in talks with Trinidad and Tobago government to develop a shared offshore gas field in the Caribbean. BP has been seeking to increase its natural gas production in Trinidad to feed into the local Atlantic LNG's liquefied
- [Brazil’s Clashing Goals: Protect the Amazon and Pump Lots More Oil - NYTimes](https://energiesnet.com/brazils-clashing-goals-protect-the-amazon-and-pump-lots-more-oil-nytmes/) - Max Bearak, NYTimes SAO PAULO EnergiesNet.com 03 14 2024 Through his office window, the head of Brazil’s state-run oil company looked out at the cluttered landscape of Rio de Janeiro. Looking back at him, across the city’s run-down high-rises, was the looming statue of Christ the Redeemer. Hawks circled an overflowing trash heap. Plumes of
- [Pemex ESG Plan Promises to Reach Net Zero Emissions By 2050 - Bloomberg](https://energiesnet.com/pemex-esg-plan-promises-to-reach-net-zero-emissions-by-2050-bloomberg/) - Scott Squires and Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNet.com 03 14 2024 Mexico’s state oil company is promising to slash greenhouse gas emissions to reach net zero by 2050, an ambitious goal for the indebted oil producer as it struggles to turn around flagging production and reduce its massive debt burden. Petroleos Mexicanos said
- [OPEC daily basket price stood at $82.61 a barrel Tuesday, March 12 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-82-61-a-barrel-tuesday-march-12-en/) - EnergiesNet NewsCARACASEnergiesNet.com 03 13 2024 The price of OPEC basket of thirteen crudes stood at 82.61 a barrel Tuesday, compared with $82.20 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [Haiti's fuel supplies crippled by political unrest - Argus](https://energiesnet.com/haitis-fuel-supplies-crippled-by-political-unrest-argus/) - Canute James, Argus Media KINGSTON, JamaicaEnergiesNet.com 03 12 2024 Fuel supplies in Haiti have reached "a dangerously low level" because of continuing political unrest and violence in the Caribbean country, petrol station owners' federation Anapross told Argus. Many retail stations have run out of supplies and others have been looted of what is available, and
- [Oil settles lower Tuesday after rise in U.S. CPI and OPEC’s unchanged demand forecast - MarketWatch](https://energiesnet.com/oil-settles-lower-after-rise-in-u-s-cpi-and-opecs-unchanged-demand-forecast-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 03 12 2024 This feature is powered by text-to-speech technology. Want to see it on more articles?Give your feedback below or email audiofeedback@marketwatch.com. Crude futures ended lower on Tuesday, pressured by hotter-than-expected U.S. inflation data that reduced the chances for a Federal Reserve rate
- [Petrobras CEO Prates in Hot Seat as Lula Pushes Growth Over Payouts - Bloomberg](https://energiesnet.com/petrobras-ceo-prates-in-hot-seat-as-lula-pushes-growth-over-payouts-bloomberg/) - Peter Millard and Simone Iglesias, Bloomberg News RIO/BRASILIA EnergiesNet.com 03 13 2024 Brazilian President Luiz Inacio Lula da Silva’s return to power in 2023 sparked concern among investors that he would use state-owned oil company Petroleo Brasileiro SA to spur economic growth at the expense of shareholder returns. After an initial honeymoon period, some of
- [Lula Dashes Petrobras Payout Hopes, Saying Investment Needed - Bloomberg](https://energiesnet.com/lula-dashes-petrobras-payout-hopes-saying-investment-needed-bloomberg/) - Peter Millard, Bloomberg News RIO Energiesnet.com 03 12 2024 Brazilian President Luiz Inacio Lula da Silva said state-owned Petroleo Brasileiro SA needs to be mindful that the nation’s people are its shareholders, appearing to double down on dividend cuts that have roiled the market. The oil producer’s shares fell. “What is not correct is that
- [Venezuela rushes to mend Iran relationship as US sanctions loom - Reuters](https://energiesnet.com/venezuela-rushes-to-mend-iran-relationship-as-us-sanctions-loom-reuters/) - Mircely Guanipa, Deisy Buitrago and Marianna Parraga, Reuters PUNTO FIJO/CARACAS/HOUSTON EnergiesNet.com 03 13 2024 Iran and Venezuela are trying to patch together an oil alliance that began to fray last year, according to six people familiar with the matter, after the South American country fell behind on oil swaps that had boosted crude exports and
- [No, Russia Is Not Winning -A. Fedyk and Y. Gorodnichenko/PS](https://energiesnet.com/no-russia-is-not-winning-a-fedyk-and-y-gorodnichenko-ps/) - By Anastassia Fedyk and Yuriy Gorodnichenko Two years after Russia launched its full-scale war of aggression, Ukraine is still holding the line militarily, and even beginning to recover economically. As much as Vladimir Putin wants the world to think he has shielded the Russian economy from blowback, recent financial and economic developments suggest otherwise. BERKELEY
- [‘Oppenheimer’ Is the Origin Story. These Three Movies Reveal Our Nuclear Present - W.J. Hennigan / NYTimes](https://energiesnet.com/oppenheimer-is-the-origin-story-these-three-movies-reveal-our-nuclear-present-w-j-hennigan-nytimes/) - By W.J. Hennigan Produced by Phoebe Lett The national security writer W. J. Hennigan has spent many years ringing the alarm about the world’s new nuclear era — the subject of At The Brink, a new series from New York Times Opinion — and the crisis on the horizon. For anyone whose interest was piqued
- [Energy transitions - the decline of whale oil and the rise of petroleum - John Kemp/Reuters](https://energiesnet.com/energy-transitions-the-decline-of-whale-oil-and-the-rise-of-petroleum-john-kemp-reuters/) - By John Kemp Prior to the advent of the modern petroleum industry and the rapid growth of kerosene lamps for illumination, the most prized source of artificial light came from bright and sweet-smelling spermaceti candles, made from the head matter of sperm whales. Spermaceti candles were expensive, which put them out of reach of lower-income
- [Latam Brief: Henry to resign, CARICOM presents transition plan](https://energiesnet.com/latam-brief-henry-to-resign-caricom-presents-transition-plan/) - Latin America Daily Briefing Haitian Prime Minister Ariel Henry said he would resign once a transitional government is established. He made the announcement late last night, hours after Caribbean leaders and U.S. Secretary of State Antony Blinken met in Jamaica to discuss Haiti’s crisis and agreed to a joint proposal to establish a transitional council,
- [Mexican opposition candidate promises to close two of six refineries to reduce pollution - Platts](https://energiesnet.com/mexican-opposition-candidate-promises-to-close-two-of-six-refineries-to-reduce-pollution-platts/) - Sheky Espejo, Platts S&P Global MEXICO CITY EnergiesNet.com 03 12 2024 The main opposition candidate for Mexico's upcoming presidential elections, Xóchitl Gálvez, is promising if she wins the election to close two of the six existing refineries in the country to reduce the level of pollution in cities. Gálvez, who is backed by the PRI
- [Chevron's CEO faces challenges of a lifetime with Hess bid - Reuters](https://energiesnet.com/chevrons-ceo-faces-challenges-of-a-lifetime-with-hess-bid-reuters/) - Sabrina Valle, Reuters HOUSTON EnergiesNet.com 03 12 2024 Chevron (CVX.N), CEO Michael Wirth is facing a head-to-head match with Exxon Mobil (XOM.N), with his $53 billion bid for Hess (HES.N), and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals. On Wednesday,
- [Report: +Cash Flow(March 9, 2024) –Raul Torrealba (video)](https://energiesnet.com/report-cash-flowmarch-9-2024-raul-torrealba-video/) - Market Report Building Income: Week #10 of 2024, infome on ideas for cash flow positive Week. Relevant Financial Information Update: March 4-8, 2024 1 Macroeconomic Environment: Week ending: Markets after rallies to record levels entered a phase of price coupling to new realities."We've seen, within the U.S. market, a broadening of prosperity," David Donabedian, chief
- [Petrobras Team Goes to Venezuela Despite Oil Sanctions Threat - Bloomberg](https://energiesnet.com/petrobras-team-goes-to-venezuela-despite-oil-sanctions-threat-bloomberg/) - Fabiola Zerpa and Mariana Durao, Bloomberg News CARACAS/RIO EnergiesNet.com 03 11 2024 Brazilian state-controlled oil giant Petrobras sent a team of production specialists to Venezuela at the request of Nicolás Maduro, whose administration is welcoming oil majors despite US sanctions threats on its oil industry. The Petrobras delegation visited oil fields in Lake Maracaibo this
- [Brazil Markets Are World’s Worst After Petrobras Dividend Sends Shockwaves - Bloomberg](https://energiesnet.com/brazil-markets-are-worlds-worst-after-petrobras-dividend-sends-shockwaves-bloomberg/) - Vinícius Andrade and Davison Santana, Bloomberg News SAO PAULO EnmergiesNet.com 03 08 2024 Brazilian markets slumped after a smaller-than-expected dividend payout from state oil giant Petroleo Brasileiro SA rekindled fears of increased government intervention in the nation’s largest companies. The Brazilian real weakened as much as 1.1% on Friday, leading losses among major currencies around
- [Ecopetrol Reviewing Options to Import Gas as Supply Drops - Bloomberg](https://energiesnet.com/ecopetrol-reviewing-options-to-import-gas-as-supply-drops-bloomberg/) - Andrea Jaramillo, Bloomberg News BOGOTA Energiesnet.com 03 11 2024 Ecopetrol SA is analyzing different options to import natural gas while wells in Colombia’s Caribbean waters begin producing the fuel, a company official said. The state-owned oil producer is forecasting that supply will fall short of daily demand by an average of 17% by the start
- [Damaged Pipeline Threatens to Stall Colombia Plan to Import Gas - Bloomberg](https://energiesnet.com/damaged-pipeline-threatens-to-stall-colombia-plan-to-import-gas-bloomberg/) - Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 03 18 2024 Colombia is unlikely to meet its goal to start importing natural gas from Venezuela this year because the pipeline connecting the two nations is in desperate need of repair, according to an industry executive. Colombian state oil producer Ecopetrol SA announced in November it was looking
- [Oil prices end lower Friday after U.S. jobs report, posting a loss for the week - MarketWatch](https://energiesnet.com/oil-prices-end-lower-friday-after-u-s-jobs-report-posting-a-loss-for-the-week-marketwatch/) - Mayra P. Saefond, MarketWatch SAN FRANCISCO EnergiesNet.com 03 08 2024 Oil futures declined on Friday, contributing to an overall loss for the week, as downward revisions to previous U.S. monthly jobs data raised concerns over the strength of the economy and demand for oil. Price moves West Texas Intermediate crude CL00, -1.38% for April delivery
- [Oil prices end higher Tuesday on outlook for Chinese demand, tighter global supplies - MarketWatch](https://energiesnet.com/oil-prices-end-higher-tuesday-on-outlook-for-chinese-demand-tighter-global-supplies-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 02 28 2024 This feature is powered by text-to-speech technology. Want to see it on more articles?Give your feedback below or email audiofeedback@marketwatch.com. Oil futures climbed Tuesday, with U.S. prices settling at their highest level in more than a week. Prices got a boost
- [Citgo quarterly net falls 81% on plant outages, lower margins - Reuters](https://energiesnet.com/citgo-quarterly-net-falls-81-on-plant-outages-lower-margins-reuters/) - Reporting by Gary McWilliams, Reuters HOUSTON Energiesnet.com 03 08 2024 Venezuela-owned oil refiner Citgo Petroleum on Thursday reported fourth quarter net profit fell 81% to $154 million, from $806 million a year ago, on plant outages and weaker margins. The company, which operates three U.S. refineries, reported full year 2023 profit was $2 billion, down
- [Return of US oil sanctions would clip Venezuela's output gains, analysts say - Reuters](https://energiesnet.com/return-of-us-oil-sanctions-would-clip-venezuelas-output-gains-analysts-say-reuters/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 03 06 2024 A possible reimposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country's crude output, wiping out the small gains it has achieved in recent years, analysts said on Tuesday. Washington said in January it will allow the expiry of a temporary license it
- [Exxon Deals Blow to Chevron-Hess Deal With Arbitration Case – Bloomberg](https://energiesnet.com/exxon-deals-blow-to-chevron-hess-deal-with-arbitration-case-bloomberg/) - Kevin Crowley, Bloomberg News HOUSTONEnergieNet.com 03 07 2024 Exxon Mobil Corp. filed for arbitration to retain pre-emption rights in a giant Guyanese oil field, threatening Chevron Corp.’s attempt to acquire a stake via its pending US$53 billion takeover of Hess Corp. Exxon filed for arbitration in the International Chamber of Commerce in Paris on Wednesday,
- [Chevron Restarts Drilling in Key Venezuela Oil Field - Bloomberg](https://energiesnet.com/chevron-restarts-drilling-in-key-venezuela-oil-field-bloomberg/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 03 07 2024 Chevron Corp. restarted drilling in a pristine field in Venezuela in a bid to increase production just as Washington threatens to tighten its grip on the sanctioned country. Work has been under way at the heavy crude area of the Orinoco Belt since mid-February, people with
- [Pemex Approves Emissions Plan, Opening Door to ESG Investors - Bloomberg](https://energiesnet.com/pemex-approves-emissions-plan-opening-door-to-esg-investors-bloomberg/) - Michael O'Boyle and Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 03 06 2024 Petroleos Mexicanos approved a sustainability plan through 2030 that includes reducing methane emissions by 30%, in a move that may pave the way for ESG investors to return to the world’s most indebted oil producer. Pemex’s board of directors approved an environmental,
- [Fury after Exxon chief says public to blame for climate failures - The Guardian](https://energiesnet.com/fury-after-exxon-chief-says-public-to-blame-for-climate-failures-the-guardian/) - Dharna Noor and Oliver Milman, The Guardian LONDON EnergiesNet.com 03 05 2024 The world is off track to meet its climate goals and the public is to blame, Darren Woods, chief executive of oil giant ExxonMobil, has claimed – prompting a backlash from climate experts. As the world’s largest investor-owned oil company, Exxon is among
- [OPEC+ members extend oil output cuts to second quarter - Reuters](https://energiesnet.com/opec-members-extend-oil-output-cuts-to-second-quarter-reuters/) - Maha El Dahan and Alex Lawler, Reuters DUBAI EnergiesNet.com 03 05 2024 OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output outside the
- [ExxonMobil and Chevron clash over Guyana's oil riches - Argus](https://energiesnet.com/exxonmobil-and-chevron-clash-over-guyanas-oil-riches-argus/) - Stephen Cunningham, Argus NEW YORK Energiesnet.com 03 05 2024 The race to develop Guyana's coveted oil riches has put the top two US majors at loggerheads in a sign of the huge long-term value the asset appears set to yield. ExxonMobil is considering its right of first refusal over the 30pc stake in the giant
- [Pemex refining system to rebound in 2024 - Argus](https://energiesnet.com/pemex-refining-system-to-rebound-in-2024-argus/) - Antonio Gozain, Argus Media MEXICO CITY EnergiesNet.com 03 05 2024 Mexican state-owned oil company Pemex's refining system could surpass the 1 million b/d volume of crude processed in 2024 for the first time in nine years, as billions of dollars in refinery investments materialize in the last year of Andrés Manuel López Obrador's presidency. In
- [Automotive industry would boost nearshoring in Mexico - Argus](https://energiesnet.com/industria-automotriz-impulsaria-nearshoring-en-mexico-argus/) - James Young, Argus Media MEXICO CITY EnergiesNet.com 03 05 2024 Mexico has seen nearly $60 billion in nearshoring-related investment plans in just 10 projects announced in the last 12 months. While the extent of nearshoring development in Mexico will largely depend on overall policies this year, attention is already focused on large projects by automakers
- [PDVSA restarts Superoctanos MTBE plant for domestic supply - Argus](https://energiesnet.com/pdvsa-restarts-superoctanos-mtbe-plant-for-domestic-supply-argus/) - Carlos Camacho, Argus Media CARACAS EnergiesNet.com 03 05 2024 Venezuelan state-owned oil firm PDVSA has restarted a unit that produces MTBE at its Jose complex in Anzoategui state for the first time in five years, the company said. The oxygenate will be used "to optimize the octane rating of the gasoline distributed in Venezuela," PDVSA
- [BP Prepares to Drill in Brazil Where Other Majors Have Failed to Find Oil - Bloomberg](https://energiesnet.com/bp-prepares-to-drill-in-brazil-where-other-majors-have-failed-to-find-oil-bloomberg/) - Peter Millard, Bloomberg News RIO EnergiesNet.com 03 05 2024 BP Plc is preparing a deepwater well in Brazil in the latest attempt to break a streak of bad luck by oil majors who have paid billions for exploration rights and have little to show for it. The London-based major is getting ready to drill at
- [U.S. Seeks to Boost Nuclear Power After Decades of Inertia - NYTimes](https://energiesnet.com/u-s-seeks-to-boost-nuclear-power-after-decades-of-inertia-nytimes/) - Brad Plumer, NYTimes WASHINGTON EnergiesNet.com 03 04 2024 The House this week overwhelmingly passed legislation meant to speed up the development of a new generation of nuclear power plants, the latest sign that a once-contentious source of energy is now attracting broad political support in Washington. The 365-to-36 vote on Wednesday reflected the bipartisan nature
- [Venezuela's February oil exports rise, but shipping delays persist - Reuters](https://energiesnet.com/venezuelas-february-oil-exports-rise-but-shipping-delays-persist-reuters/) - Marianna Parraga and Mircely Guanipa, Reuters HOUSTON/CARACAS EnergiesNet.com 03 04 2024 Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data. State-run oil firm PDVSA's customers have rushed to send tankers to
- [Tobago oil spill reaches Bonaire, threatening mangrove and coral ecosystems - AP (video)](https://energiesnet.com/tobago-oil-spill-reaches-bonaire-threatening-mangrove-and-coral-ecosystems-ap-video/) - Dánica Coto, AP SAN JUAN, Puerto Rico Energiesnet.com 02 29 2024 An offshore oil spill that prompted Trinidad and Tobago to declare a national emergency earlier this month involves hundreds of thousands of gallons of fuel, some of which has reached the shores of the Dutch Caribbean island of Bonaire hundreds of miles away, authorities
- [Venezuela Vows Response to Guyana Border Claim in New Threat - Bloomberg](https://energiesnet.com/venezuela-vows-response-to-guyana-border-claim-in-new-threat-bloomberg/) - Andreina Itriago Acosta, Bloomberg News CARACAS EnergiesNet.com 02 29 2024 Venezuela vowed to respond “proportionally” to Guyana’s “gross violations” after President Irfaan Ali insisted that the country’s legal borders were settled in 1899 and include the territory known as the Essequibo. Venezuela Vice President Delcy Rodriguez reiterated Tuesday that her country doesn’t recognize and will
- [Exxon Plays Hardball With Chevron Over Guyana’s Oil Riches - Bloomberg (video)](https://energiesnet.com/exxon-plays-hardball-with-chevron-over-guyanas-oil-riches-bloomberg-video/) - Kevin Crowley and Rachel Graf, Bloomberg News HOUSTON EnergiesNet.com 03 01 2024 It’s rare for disputes between any of the world’s supermajor oil companies to spill out in public. It’s even rarer that one could end up costing $53 billion. But the oil riches beneath Guyana’s coastal waters are so valuable that Exxon Mobil Corp.
- [Pemex CEO Lashes Out at Moody’s, Echoing Diehard Bond Bulls - Bloomberg (video)](https://energiesnet.com/pemex-ceo-lashes-out-at-moodys-echoing-diehard-bond-bulls-bloomberg-video/) - Michael O'Boyle, Maria Elena Vizcaino and Scott Squires, Bloomberg News MEXICO CITY EnergieNet.com 03 01 2024 It didn’t take Octavio Romero, the chief executive of Petroleos Mexicanos SA, long to start ripping into Moody’s Investors Service. The call with investors may have been about fourth-quarter results — and the profit the state-run oil giant reported
- [Hess says Exxon Guyana's play pre-emption provision does not apply to buyout deal with Chevron - Reuters](https://energiesnet.com/hess-says-exxon-guyanas-play-pre-emption-provision-does-not-apply-to-buyout-deal-with-chevron-reuters/) - Reporting by Seher Dareen, Sourasis Bose and Sabrina Valle BENGALURU/HOUSTON EnergiesNet.com 02 29 2024 Hess (HES.N) said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron (CVX.N) and it remains "fully committed" to the deal. On Monday, Exxon Mobil (XOM.N)ns new tab said it may preempt Chevron's acquisition
- [US court gets 12 preliminary bids in Citgo share auction - Reuters](https://energiesnet.com/us-court-gets-12-preliminary-bids-in-citgo-share-auction-reuters/) - Marianna Parraga and Tom Hals, Reuters HOUSTON /WILLMINTON, Del. Energiesnet.com 02 29 2024 A U.S. court is weighing 12 initial bids from private investment funds and companies participating in an auction of shares of refiner Citgo Petroleum's parent, a court officer said on Tuesday, a level of interest Citgo called "disappointing." Creditors claiming billions of
- [Lula to discuss Esequibo, election with Venezuela's Maduro - Reuters](https://energiesnet.com/lula-to-discuss-esequibo-election-with-venezuelas-maduro-reuters/) - Lisandra Paraguassu, Reuters BRASILIA EnergiesNet.com 02 29 2024 Brazilian President Luiz Inacio Lula da Silva plans a bilateral meeting this week with Venezuelan counterpart Nicolas Maduro to discuss Venezuela's upcoming general election and its border dispute with Guyana. Brazil has been trying to broker dialogue between its two neighbors since Venezuela revived its claim to
- [Trinidad government hires two firms to recover sunken oil barge - Reuters](https://energiesnet.com/trinidad-government-hires-two-firms-to-recover-sunken-oil-barge-reuters/) - Reporting by Curtis Williams HOUSTON EnergiesNet.com 02 29 2024 Trinidad and Tobago has hired two remediation and salvage firms to help clean up an ongoing oil spill off Tobago and salvage the leaking barge, the country's Ministry of Energy said on Tuesday. It has been almost two weeks since the oil spill was first discovered
- [Exxon Raises Questions About Chevron’s $53 Billion Deal for Hess - NYTimes](https://energiesnet.com/exxon-raises-questions-about-chevrons-53-billion-deal-for-hess-nytimes/) - Stanley Reed, NYTimes LONDON EnergiesNet.com 02 29 2024 America’s two largest energy companies, Exxon Mobil and Chevron, are jousting over a prized new source of oil in the waters off Guyana, in Latin America. The conflict is creating doubts over Chevron’s bid to acquire Hess for $53 billion, announced in October. Chevron this week warned
- [Pemex commits $680 mil to explore deepwater Perdido in Gulf of Mexico in 2025 - Platts](https://energiesnet.com/pemex-commits-680-mil-to-explore-deepwater-perdido-in-gulf-of-mexico-in-2025-platts/) - Sheky Espejo, Platts S&P Global MEXICO CITY EnergiesNet.com 02 29 2024 Pemex has committed to a $680 million exploration program in the deepwater Gulf of Mexico in the area known as Perdido, which had been neglected following a presidential mandate to focus on shallow-water and onshore deposits. The exploration, planned for late 2025 and 2026
- [OPEC daily basket price stood at $82.22 a barrel Tuesday, February 27 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-82-22-a-barrel-tuesday-february-27-en/) - EnergiesNet NewsCARACASEnergiesNet.com 02 28 2024 The price of OPEC basket of thirteen crudes stood at 82.22 a barrel Tuesday, compared with $80.83 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [Argentina's Milei calls oil-rich province's threat to cut energy supply 'extortion' - Reuters](https://energiesnet.com/argentinas-milei-calls-oil-rich-provinces-threat-to-cut-energy-supply-extortion-reuters/) - Eliana Raszewski, Reuters BUENOS AIRES EnergiesNet.com 02 28 2024 The government of Argentina's libertarian President Javier Milei said on Monday a threat by oil-rich province Chubut to cut off gas and oil supplies amounted to "extortion" amid a brewing fight over tax disbursements to the Patagonian region. The conflict started late last week when the
- [Brazil boosts foreign spending in energy transition - Argus](https://energiesnet.com/brazil-boosts-foreign-spending-in-energy-transition-argus/) - Argus Media BRASILIA EnergiesNet.com 02 28 2024 Brazil estimates that only 6pc of funding for its energy transition projects comes from the private sector, compared with an average of 14pc in other emerging markets and 81pc in developed countries. The high cost of long-term currency hedge contracts has contributed to the limited participation of foreign
- [Shell-Backed Brazil Firm Raizen Is Said to Mull Green Bond Sale - Bloomberg](https://energiesnet.com/shell-backed-brazil-firm-raizen-is-said-to-mull-green-bond-sale-bloomberg/) - Caleb Mutua, Bloomberg News NEW YORK EnergieNet.com 02 27 2024 Raizen SA, the world’s biggest supplier of ethanol made from sugar cane, is considering selling bonds meant to benefit the environment, according to a person with knowledge of the matter. The company, through its subsidiary Raízen Fuels Finance SA, asked a group of banks to
- [World’s Biggest Climate Finance Club to Aid Brazil’s Transition - Bloomberg](https://energiesnet.com/worlds-biggest-climate-finance-club-to-aid-brazils-transition-bloomberg/) - Alastair Marsh, Bloomberg News LONDON Energiesnet.com 02 27 2024 The world’s biggest climate finance coalition has pledged to support Brazil’s ambitions to green its economy and cut carbon emissions. The Glasgow Financial Alliance for Net Zero said in a statement on Tuesday it’s backing a new climate transition platform for Brazil that will be led
- [China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball - Robinson Meyer/NYTimes](https://energiesnet.com/chinas-electric-vehicles-are-going-to-hit-detroit-like-a-wrecking-ball-robinson-meyer-nytimes/) - By Robinson Meyer It happened very quickly, so fast that you might not have noticed it. Over the past few months, America’s Big Three automakers — Ford, General Motors and Stellantis, the oddly named company that owns Dodge, Chrysler and Jeep — landed in big trouble. I realize this may sound silly. Ford, General Motors
- [Chicago sues fossil fuel companies for role in climate crisis - The Guardian](https://energiesnet.com/chicago-sues-fossil-fuel-companies-for-role-in-climate-crisis-the-guardian/) - Dharna Noor, The Guardian CHICAGO EnergiesNet.com 27 2024 Chicago on Tuesday joined the growinglist of US cities and states suing fossil fuel companies for allegedly deceiving the public about the climate crisis. “There is no justice without accountability,” said the city’s mayor, Brandon Johnson, in an emailed statement. The lawsuit targets major oil companies BP,
- [Ukraine’s secret weapon: Art - Anna Husarska and Mikhail Reva/WP](https://energiesnet.com/ukraines-secret-weapon-art-anna-husarska-and-mikhail-reva-wp/) - By Anna Husarska and Mikhail Reva Two years ago, when Russia launched its war against Ukraine, Mikhail Reva, a sculptor, was working on a fountain in Dnipro, a city in the center of the country that is now close to the front lines. Before the full-scale invasion, on Feb. 24, 2022, Reva was known for
- [Chile Turns to Equinor-Backed Firm to Boost Natural Gas Output - Bloomberg](https://energiesnet.com/chile-turns-to-equinor-backed-firm-to-boost-natural-gas-output-bloomberg/) - James Attwood, Bloomberg News SANTIAGO EnergiesNet.com 02 27 2024 Chile’s state oil and gas company is partnering with a California-based firm to try to squeeze more out of its natural gas fields in a country that relies mainly on imported hydrocarbons. Enap signed a deal with Upwing Energy to install compressors deep in wells at
- [Looming Venezuelan Sanctions Give a Bump to Colombian Oil Prices - Bloomberg](https://energiesnet.com/looming-venezuelan-sanctions-give-a-bump-to-colombian-oil-prices-bloomberg/) - Lucia Kassai, Bloomberg News HOUSTON EnergiesNet.com 02 27 2023 The potential resumption of US sanctions against Venezuela is giving a boost to Colombian oil of the same quality. Heavy sour Castilla crude oil for delivery in April is being offered at a discount of around $9 per barrel to benchmark ICE Brent prices, stronger levels
- [Latam Brief: Bolsonaro holds super big rally in Sao Paulo](https://energiesnet.com/latan-brief-bolsonaro-holds-super-big-rally-in-sao-paulo/) - Latin America Daily Briefing Thousands of supporters of former Brazilian President Jair Bolsonaro rallied in São Paulo yesterday, a show of political strength for the far-right leader who could face jail time in a series of criminal investigations. (Guardian, Reuters, Associated Press) One of the investigations involves his alleged role in the 2023 January attacks
- [Fallout from Mexican president's Pemex 'rescue' set to greet successor - Reuters](https://energiesnet.com/fallout-from-mexican-presidents-pemex-rescue-set-to-greet-successor-reuters/) - Ana Isabel Martinez, Reuters MEXICO CITY EnergiesNet.com 02 26 2024 Mexico's outgoing president has taken steps to promote a smooth hand-off for national oil company Pemex, three sources told Reuters, but the latest moves will likely postpone a day of reckoning for the world's most heavily-indebted oil company. Last week, President Andres Manuel Lopez Obrador
- [Haiti paid Venezuela $500 million to settle arrears from Petrocaribe - Bloomberg](https://energiesnet.com/haiti-paid-venezuela-500-million-to-settle-arrears-from-petrocaribe-bloomberg/) - Nicolle Yapur and Jim Wyss, Bloomberg News CARACAS/SAN JUAN, Puerto Rico EnergiesNet.com 02 26 2024 At the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constellation of small, mostly poor, islands. The fact that those countries racked up huge debts and paid part
- [Report: Positive Cash Flow + (February 23, 2024) – Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-february-23-2024-raul-torrealba-video/) - Market Report Building Income: Week #8 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.February 19-23, 2024 1 Macroeconomic Environment: Week ending: This week's Fed meeting minutes revealed no more than what some officials have been stating, that there is no rush to lower interest rates, that they do not
- [Report: Positive Cash Flow + (February 16, 2024) – Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-february-16-2024-raul-torrealba-video/) - Market Report Building Income: Week #7 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.February 12-16, 2024 1 Macroeconomic Environment: Week ending: The consumer price index, or inflation, was the star performer, posting a 3.1% increase when analysts were expecting 2.9%. On Tuesday's release, the markets fell more than 2%.
- [Pemex prioritizes paying debts to big service providers over private producers - Reuters](https://energiesnet.com/pemex-prioritizes-paying-debts-to-big-service-providers-over-private-producers-reuters/) - Adriana Barrera, Reuters MEXICO CITY EnergiesNet.com 02 23 2024 Mexican national oil company Pemex partially resumed paying down what it owes to suppliers at the end of last year, prioritizing large oilfield service companies over upstart private producers, according to company data and four industry sources. The world's most heavily-indebted oil company has not, however,
- [Venezuela’s State Oil Company Bonds Collapse After Court Ruling - Bloomberg](https://energiesnet.com/venezuelas-state-oil-company-bonds-collapse-after-court-ruling-bloomberg/) - Maria Elena Vizcaino and Nicolle Yapur NEW YORK/CARACAS EnergiesNet.com 02 22 2024 Bonds from state-owned Petroleos de Venezuela SA collapsed after New York State’s top court ruled Venezuelan law will determine whether the debt is valid. The 2020 notes extended losses Wednesday, adding to a 17-cent drop over the past two days, according to traders
- [Guyana Won’t Approve Drilling Near Venezuela Until Court Rules - Bloomberg](https://energiesnet.com/guyana-wont-approve-drilling-near-venezuela-until-court-rules/) - Kevin Crowley, Bloomberg News GEORGETOWN EnergiesNet.com 02 22 2024 Guyana won’t approve oil exploration in waters near Venezuela at least until the United Nations’ highest court rules on the countries’ borders, a government official said. Venezuela’s maritime claim rests north of a projected 70-degree line out to sea from Punta Playa on the border with
- [Oil prices settle lower Tuesday after hitting 3-month high last week, as traders monitor Middle East tensions - MarketWatch](https://energiesnet.com/oil-prices-settle-lower-tuesday-after-hitting-3-month-high-last-week-as-traders-monitor-middle-east-tensions-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 02 20 2024 Oil futures settled lower on Tuesday afternoon, hovering near a three-month high after U.S. traders returned from the Presidents Day holiday weekend, while downside was seen limited by continued worries over the Middle East as Iran-backed Houthi rebels continued to attack
- [Guyana Explores Options for Gas Exports, Possibly With Suriname - Bloomberg](https://energiesnet.com/guyana-explores-options-for-gas-exports-possibly-with-suriname-bloomberg/) - Kevin Crowley, Bloomberg News HOUSTON Energiesnet.com 02 21 2024 Guyana is exploring options to monetize the enormous natural gas resources held within its oil fields where Exxon Mobil Corp. is drilling, Vice President Bharatt Jagdeo said in an interview. Exxon has identified more than 16 trillion cubic feet of gas in its multitude of oil
- [Exxon Is ‘Not Going Anywhere’ as Venezuela Threatens Guyana, Liam Mallon (post cast) - Bloomberg](https://energiesnet.com/exxon-is-not-going-anywhere-as-venezuela-threatens-guyana-bloomberg/) - Kevin Crowley and Jonathan Ferro, Bloomberg News HOUSTON EnergiesNet.com 02 21 2024 Exxon Mobil Corp. pledged not to curtail exploration or production plans in Guyana as Venezuelan President Nicolas Maduro continues to ramp up his territorial claims in the region. Exxon is “very focused on executing our operations within our defined contract area,” upstream president
- [Guyana to disclose winners of offshore oil-block auction by end of March - Reuters](https://energiesnet.com/guyana-to-disclose-winners-of-offshore-oil-block-auction-by-end-of-march-reuters/) - Sabrina Valle, Reuters GEORGETOWN EnergiesNet.com 02 20 2024 Guyana plans to disclose winners of the country's first competitive auction of offshore oil blocks by the end of March, an official with the country's Ministry of Natural Resources said on Monday. The government continues to review proposals and analyze documents provided by six of eight groups
- [Citgo denies it has entered settlement talks with PDVSA ex-employees - Reuters](https://energiesnet.com/citgo-denies-it-has-entered-settlement-talks-with-pdvsa-ex-employees-reuters/) - Reporting by Swati Verma, Reuters BENGALURU EnergiesNet.com 02 20 2024 Citgo Petroleum (PDVSAC.UL) on Monday denied it had entered into settlement conversations with plaintiffs in legal proceedings brought by former employees of its parent firm Petroleos de Venezuela (PDVSA) (PDVSA.UL). Citgo, a subsidiary of the Venezuelan state-owned oil company, in a statement said it has
- [Going green at 50? IEA climate pivot debated at anniversary meeting - Reuters](https://energiesnet.com/going-green-at-50-iea-climate-pivot-debated-at-anniversary-meeting-reuters/) - America Hernandez and Noah Browning, Reuters PARIS EnergiesNet.com 02 20 2024 Energy ministers, oil executives and green investors gathered this week to mark a half-century since the formation of the International Energy Agency and to assess its new role as the world's shepherd toward a green future from a fossil fuel past. The industrialised world's
- [India seeks $26 billion of private nuclear power investments - Reuters](https://energiesnet.com/india-seeks-26-billion-of-private-nuclear-power-investments-reuters/) - Sarita Chaganti Singh, Reuters NEW DELHI EnergiesNet.com 02 20 2024 India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, two government sources told Reuters. This is the first time New Delhi is pursuing private investment
- [Guyana’s Ali Urges ‘Immediate’ Development of Gas Resources - Bloomberg](https://energiesnet.com/guyanas-ali-urges-immediate-development-of-gas-resources-bloomberg/) - Kevin Crowley, Bloomberg News GEORGETOWN EnergiesNet.com 02 20 2024 Guyana President Irfaan Ali called for the “immediate” development of its gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports. The government is requesting that companies propose plans to finance and construct pipelines and other infrastructure
- [Chevron Dollars Cool Venezuela’s January Inflation to Decade Low - Bloomberg](https://energiesnet.com/chevron-dollars-cool-venezuelas-january-inflation-to-decade-low-bloomberg/) - Nicolle Yapur, Bloomberg News CARACAS EnergiesNet.com 02 20 2024 After a stretch of hyperinflation that neared an estimated 2 million percent a year, Venezuela posted the smallest consumer price increase for January in more than a decade. The monthly inflation print stood at 1.7%, the lowest rise recorded for the start of the year since
- [Letters from an America: U.S. - Ukranie - Russia](https://energiesnet.com/letters-from-an-america-u-s-ukranie-russia/) - By Heather Cox Richarson Although few Americans paid much attention at the time, the events of February 18, 2014, in Ukraine would turn out to be a linchpin in how the United States ended up where it is a decade later. On that day ten years ago, after months of what started as peaceful protests,
- [Identifying the Mystery Vessel at the Site of Trinidad & Tobago’s National Emergency Oil Spill - Bellingcat](https://energiesnet.com/identifying-the-mystery-vessel-at-the-site-of-trinidad-tobagos-national-emergency-oil-spill-bellingcat/) - By Logan Williams On February 7th, 2024, a mystery vessel began leaking oil and ran aground on a reef off the coast of Tobago, one of the two main islands of the Caribbean nation of Trinidad and Tobago. The resulting spill has coated beaches, wildlife, and over 80 kilometres of the Caribbean Sea, leading the
- [Basic major points about the Essequibo region with Guyana - Frank Bracho](https://energiesnet.com/basic-major-points-about-the-essequibo-region-with-guyana-frank-bracho/) - By Frank Bracho What else to say that we haven't already said?1) The problem is not, then, in continuing to say "more, or less" (...since enough "rivers of ink and microphone or internet shouting" have already been poured out ! - and "for all tastes"!) ! But that the political-economic leaderships and the people Internalize,
- [Latam Brief: Lula compares Israel's actions to Hitler's](https://energiesnet.com/latam-brief-lula-compares-israels-actions-to-hitlers/) - Latin America Daily Briefing Brazilian President Luiz Inácio Lula da Silva accused Israel of committing "genocide" against Palestinian civilians in the Gaza Strip, yesterday. He compared Israel’s actions in Gaza to Adolf Hitler’s efforts to exterminate Jews. Lula said Israel's military campaign was between a "highly prepared army and women and children". Israeli Prime Minister
- [OPEC daily basket price stood at $82.63 a barrel Friday, February 16 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-82-63-a-barrel-friday-february-16-en/) - EnergiesNet NewsCARACASEnergiesNet.com 02 19 2024 The price of OPEC basket of thirteen crudes stood at 82.63 a barrel Friday, compared with $81.36 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [AMLO Tightens Grip on Mexico Energy as Iberdrola Deal Gets Nod - Bloomberg](https://energiesnet.com/amlo-tightens-grip-on-mexico-energy-as-iberdrola-deal-gets-nod-bloomberg/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 02 19 2024 President Andrés Manuel López Obrador tightened his grip on Mexico’s power industry Thursday after getting a green light to buy a majority stake in Iberdrola SA’s energy assets. The deal achieves a key goal for the 70-year-old president who has sought to strengthen Mexico’s state
- [Tobago's oil slick spreads across Caribbean - Reuters](https://energiesnet.com/tobagos-oil-slick-spreads-across-caribbean-reuters/) - Curtis Williams, Reuters SCARBOROUGH, Tobago EnergiesNet.com 02 19 2024 Nine days after a slick was first spotted by Trinidad and Tobago's Coast Guard, an oil leak from a capsized barge remains unplugged, according to first responders and authorities, prompting nations across the Caribbean to coordinate a response. The spill has spread miles from Tobago's shore,
- [U.S. oil prices settle Friday at highest since November, post back-to-back weekly gains - MarketWatch](https://energiesnet.com/u-s-oil-prices-settle-friday-at-highest-since-november-post-back-to-back-weekly-gains-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORKEnergiesNet.com 02 17 2024 Oil futures climbed for the week, with the U.S. benchmark settling at its highest since early November as investors weighed the outlook for interest-rate cuts by the Federal Reserve, tensions in the Middle East and uncertainty about the outlook for crude demand.
- [The Post’s View: Venezuela’s Maduro broke a promise on elections. The U.S. must respond.- WP Editorial Board](https://energiesnet.com/the-posts-view-venezuelas-maduro-broke-a-promise-on-elections-the-u-s-must-respond-wp-editorial-board/) - By The Washington Post (WP) Editorial Board Venezuela’s autocratic leader Nicolás Maduro, who last year signed on to a road map for free and fair elections this year, has decisively broken with the agreement, using coercion and duplicity to silence critics and the opposition. The Biden administration vowed to reimpose sanctions if this happened. It
- [Latam Brief: Maduro expels UN human rights office](https://energiesnet.com/latam-brief-maduro-expels-un-human-rights-office/) - Latin America Daily Briefing Venezuela’s Maduro government ordered the local UN human rights office to suspend operations and gave its staff 72 hours to leave the country. “The government said the UN human rights office must rectify its “colonialist, abusive and violating attitude”, accusing it of playing an “inappropriate role” in the country and supporting
- [Guyana Is Trying to Keep Its Oil Blessing From Becoming a Curse - Bloomberg (video)](https://energiesnet.com/guyana-is-trying-to-keep-its-oil-blessing-from-becoming-a-curse-bloomberg-video/) - Patricia Laya, Bloomberg News GEORGETOWN EnergiesNet.com 02 16 2024 Guyana has undergone a huge transformation in the near decade since a massive oil discovery off its shores. That’s on full display at the Georgetown Marriott hotel. By sundown, oil executives in branded shirts step out of vans and mingle with tables of development bank officials, already
- [Colombia's offshore wind projects could offer export opportunities - Platts](https://energiesnet.com/colombias-offshore-wind-projects-could-offer-export-opportunities-platts/) - Sheky Espejo, Platts BOGOTA EnergiesNet.com 02 16 2024 As Colombia prepares to announce the first offshore wind projects in the country in April, observers note that the country poses attractive opportunities to become an exporter of green fuels, but challenges remain. Colombia and Brazil are the two countries in Latin America that have huge potential
- [Pemex Gets Billions in Relief After Double Downgrade - Bloomberg](https://energiesnet.com/pemex-gets-billions-in-relief-after-double-downgrade-bloomberg/) - Michael O'Boyle, Bloomberg News MEXICO CITY Energiesnet.com 02 15 2024 Mexico’s government granted state-owned Petroleos Mexicanos billions of dollars in taxes relief, days after the debt-ridden company received a double-credit downgrade at Moody’s Investors Service. President Andres Manuel Lopez Obrador on Tuesday published a decree that removed so-called DUC levies on Pemex for the four
- [Mexico’s Next Leader Will Inherit Oil Giant’s $106 Billion Debt - Bloomberg](https://energiesnet.com/mexicos-next-leader-will-inherit-oil-giants-106-billion-debt-bloomberg/) - Scott Squires, Bloomberg News MEXICO CITYEnergiesNet.com 02 14 2024 Of all the challenges Mexico's next president will inherit — historic migration, a rising deficit, rampant crime — stands an issue no other head of state has to confront: the world's most indebted oil company. Petroleos Mexicanos has $11 billion coming due this year, the largest chunk of
- [Cuba Import Data Casts Doubt on Official 'Fuel Crisis' Explanation - Reuters (video)](https://energiesnet.com/cuba-import-data-casts-doubt-on-official-fuel-crisis-explanation-reuters-video/) - Dave Sherwood and Marianna Parraga, Reuters HAVANA/HOUSTON EnergiesNet.com 02 14 2024 At a small cafe in the town of Bejucal outside of Havana, owner Germán Martín tries to organize his life and business around increasingly frequent blackouts. It is not easy. Although occasional outages are a fact of life in Cuba, it has gotten worse
- [Cash for Vitol Bribes Was Handed Over in Houston Parking Lot - Bloomberg](https://energiesnet.com/cash-for-vitol-bribes-was-handed-over-in-houston-parking-lot-bloomberg/) - Maria Clara Cobo, Bloomberg News NEW YORK EnergiesNet.com 02 14 2024 Thousands of dollars in bribe payments from oil trader Vitol Group were handed over to a Mexican oil official in a Houston parking lot, a federal jury in Brooklyn, New York, heard on Monday. The revelation is the latest from the trial of former
- [Oil spill help for T&T.…A national emergency, says PM, after touring stricken areas in Tobago - TT Express](https://energiesnet.com/oil-spill-help-for-tt-a-national-emergency-says-pm-after-touring-stricken-areas-in-tobago-tt-express/) - Kim Boodram, Trinidad Express PORT SPAIN EnergiesNet.com 02 13 2024 PRIME Minister Dr Keith Rowley has called the oil spill in Tobago a “national emergency” and yesterday expressed concern that the disaster was caused by an abandoned vessel that appeared to have drifted into local waters. The PM was among Government officials to tour the
- [Tankers Tied to the Russian Oil Trade Grind to a Halt Following US Sanctions - Bloomberg](https://energiesnet.com/tankers-tied-to-the-russian-oil-trade-grind-to-a-halt-following-us-sanctions-bloomberg/) - Julian Lee and Alex Longley, Bloomberg News LONDON Energiesnet.com 02 12 2024 A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions, a sign that tougher measures by western regulators might be starting to have tangible effects on
- [U.S. oil prices stretch gains Monday into a sixth straight session - MarketWatch](https://energiesnet.com/u-s-oil-prices-stretch-gains-monday-into-a-sixth-straight-session-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 02 12 2024 U.S. oil futures stretched their gains into a sixth consecutive session on Monday, with prices settling at their highest for the month so far, while global benchmark Brent crude finished with a modest loss. The mixed trading for oil prices came
- [Latam Brief: Bolsonaro targeted by federal investigation, forced to surrender passport](https://energiesnet.com/latam-brief-bolsonaro-targeted-by-federal-investigation-forced-to-surrender-passport/) - Latin America Daily Briefing Former Brazilian president Jair Bolsonaro is under federal investigation—overseen by the country’s Supreme Court—for a series of alleged transgressions. The most prominent is the alleged January 8, 2023 coup attempt in which his supporters stormed the National Congress in Brasilia. In addition to the more than 1,400 individuals already charged for
- [Pemex platform in Mexico leaked clouds of methane even after UN alert - Reuters](https://energiesnet.com/pemex-platform-in-mexico-leaked-clouds-of-methane-even-after-un-alert-reuters/) - Stefanie Eschenbacher and Allison Martell, Reuters MEXICO CITY EnergiesNet.com 02 13 2024 State energy company Pemex released large volumes of methane from an oil platform in the Gulf of Mexico last year, with leaks recurring even after a United Nations agency flagged problems there to the Mexican government, according to a Reuters analysis of previously
- [Conoco emerges as surprise bidder in historic Citgo share auction - Reuters](https://energiesnet.com/conoco-emerges-as-surprise-bidder-in-historic-citgo-share-auction-reuters/) - Marianna Parraga and Gary Mcwilliams, Reuters HOUSTON EnergiesNet.com 02 13 2024 A U.S. court auction weighing the fate of Venezuela-owned oil refiner Citgo Petroleum has received bids using claims in lieu of cash, according to people familiar with the process and documents, part of a historic case to settle Venezuelan debts. Oil producer ConocoPhillips (COP.N),
- [Caribbean updates: Guyana teachers strike](https://energiesnet.com/caribbean-updates-guyana-teachers-strike/) - Just Caribbean UpdatesFeb. 8, 2024 The Guyana Teachers Union has maintained its strike for better salaries and working conditions. The stoppage, which started Monday, included teachers nationwide — and was galvanized by opposition from the government, which said the strike was politicized and harmful to student’s welfare. The strike has led to school closures and
- [Report: Positive Cash Flow + (February 9, 2024) – Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-february-9-2024-raul-torrealba-video/) - Market Report Week #6 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.February 5 - 9, 2024. 1 Macroeconomic Environment: Week ending: Federal Reserve officials made statements throughout this week printing volatility .Prices paid by service organizations rose to the highest level in a year causing some alarm.Markets broke records
- [Oil prices post weekly gains Friday amid rising Middle East tensions - MarketWatch](https://energiesnet.com/oil-prices-post-weekly-gains-friday-amid-rising-middle-east-tensions-marketwatch/) - Isabel Wang, MarketWatch NEW YORK Energiesnet.com 02 09 2024 Oil futures settled higher for the fifth straight session on Friday, with Brent and WTI prices booking strong weekly gains after escalating Middle East tensions contributed to a significant rise in crude-oil benchmark prices over the past week. Price moves West Texas Intermediate crude for March delivery
- [How Libyan Smuggling Helps Russian Fuel Leak Into Europe: The Odyssey of the Queen Majeda -Bloomberg](https://energiesnet.com/how-libyan-smuggling-helps-russian-fuel-leak-into-europe-the-odyssey-of-the-queen-majeda-bloomberg/) - David Fox and Sarah Holder, Bloomberg News NEW YORK Energiesnet.com 02 09 2024 In September 2022, a tanker called the Queen Majeda was stopped by authorities in Albanian waters, stuffed to the gills with $2 million worth of marine gas oil. The ship was coming from Libya’s port of Benghazi. And according to the Albanian
- [The Oil Was From Iran. The Insurance Was From New York - Bloomberg](https://energiesnet.com/the-oil-was-from-iran-the-insurance-was-from-new-york-bloomberg/) - Zachary Mider and Zeke Faux, Bloomberg News NEW YORK EnergiesNet.com 02 09 2024 Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to the United Arab Emirates. US sanctions forbid Western companies from knowingly doing business with Iran. But for
- [OPEC daily basket price stood at $80.15 a barrel Thursday, February 8 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-80-15-a-barrel-thursday-february-8-en/) - EnergiesNet NewsCARACASEnergiesNet.com 02 09 2024 The price of OPEC basket of thirteen crudes stood at 80.15 a barrel Thursday, compared with $78.86 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [Venezuela Pledges Forceful Response to Exxon in Disputed Zone - Bloomberg](https://energiesnet.com/venezuela-pledges-forceful-response-to-exxon-in-disputed-zone-bloomberg/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 02 09 2024 Venezuela said it would respond in a “forceful” way to Exxon Mobil Corp.’s plans to drill in the disputed Essequibo region off the coast of Guyana. Venezuelan Defense Minister Vladimir Padrino said that Exxon’s plan to drill exploration wells in the region will be met with
- [US LNG pause could hurt long-term Mexican plans - Argus](https://energiesnet.com/us-lng-pause-could-hurt-long-term-mexican-plans-argus/) - Rebecca Conan, Argus MEXICO CITY Energiesnet.com 02 08 2024 US President Joe Biden's decision to pause LNG export permits is unlikely to affect existing export projects in Mexico, but a longer pause or later ban on new ones could cloud expansion plans and stymy project launches. "Biden's decision could pose a challenge to the long-term
- [OPEC+ Oil Cut Decision Is Really No Choice at All - Grant Smith/Bloomberg](https://energiesnet.com/opec-oil-cut-decision-is-really-no-choice-at-all-grant-smith-bloomberg/) - Grant Smith, Bloomberg News LONDON EnergiesNet.com 02 08 2024 OPEC+ plans to decide in the coming weeks on extending oil supply cutbacks into the second quarter. But its choice looks like an open-and-shut case. Saudi Arabia and its allies are withholding roughly 2 million barrels of daily output to avert a glut and defend prices.
- [EU Aims to Cut 90% of Emissions by 2040. What Does That Mean? - Bloomberg](https://energiesnet.com/eu-aims-to-cut-90-of-emissions-by-2040-what-does-that-mean-bloomberg/) - John Ainger, Bloomberg News BRUSSELS Energiesnet.com 02 08 2024 The European Union’s aim to cut 90% of emissions by 2040 is its most ambitious move yet to try to keep global warming below 1.5C. The plan recommended by the European Commission would put the world’s largest trading bloc at the forefront of global climate efforts
- [BloombergNEF's San Francisco Summit: Three Key Climate Takeaways - Bloomberg](https://energiesnet.com/bloombergnefs-san-francisco-summit-three-key-climate-takeaways-bloomberg/) - Brian Kahn, Bloomberg News SAN FRANCISCO EnergiesNet.com 02 08 2024 Today, transportation largely runs on dirty molecules, but the future is going to be a lot more diverse. Hydrogen, electricity, methanol and fuels made of everything from cooking oil to captured carbon dioxide are all going to play a role in bending the emissions curve
- [Colombia's Canacol Bonds Hit Record Low as Gas Producer Fails to Reassure Investors After Series of Setbacks - Bloomberg](https://energiesnet.com/colombias-canacol-bonds-hit-record-low-as-gas-producer-fails-to-reassure-investors-after-series-of-setbacks-bloomberg/) - Nicolle Yapur and Andrea Jaramillo, Bloomberg News CARACAS/BOGOTA Energiesnet.com 02 08 2024 Bonds of Canacol Energy Ltd. hit a record low last week after Colombia’s largest private natural gas producer repeatedly failed to reassure investors over the outlook for earnings after it pulled out of a large sales contract. Canacol’s $500 million in notes due
- [Saudi Oil Needs Go Up as Fitch Says Budget Balances at Over $90 - Bloomberg](https://energiesnet.com/saudi-oil-needs-go-up-as-fitch-says-budget-balances-at-over-90-bloomberg/) - Alex Longley and Yongchang Chin, Bloomberg News LONDON/SINGAPORE Energiesnet.com 02 08 2024 Oil held an advance as the market weighed risks in the Middle East against hawkish comments from the Federal Reserve. Brent crude traded above US$78 a barrel after rebounding from a three-week low on Monday. The U.S. has vowed more strikes against Iranian
- [Petrobras in talks for projects with Gulf, Indian, Chinese Venezuelan firms, Prates says - Reuters](https://energiesnet.com/petrobras-in-talks-for-projects-with-gulf-indian-chinese-venezuelan-firms-prates-says-reuters/) - Nidhi Verma, Reuters QUITOL, India EnergiesNet.com 02 08 2024 Brazil's state-run Petrobras is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday. The company is also keen to work with neighbouring Venezuela, Jean
- [Former Pemex Executive Says He Took ‘Candies’ From Vitol Trader - Bloomberg](https://energiesnet.com/former-pemex-executive-says-he-took-candies-from-vitol-trader-bloomberg/) - Patricia Hurtado and Maria Clara Cobo, Bloomberg News NEW YORK EnergiesNet.com 02 08 2024 A former Pemex executive testified that he agreed to accept $300,000 from Vitol Group in exchange for helping the trading house win a deal with the Mexican state-owned oil company. The testimony is the latest development in the trial of former
- [Venezuela Oil Industry Fears Losing Ground if US Revives Sanctions - Bloomberg](https://energiesnet.com/venezuela-oil-industry-fears-losing-ground-if-us-revives-sanctions-bloomberg/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 01 07 2024 Venezuelan President Nicolás Maduro is betting the US won’t revive all its sanctions as he backslides on a promise of free elections. Inside the nation’s oil industry, local operators are worried he’s wrong. Oil and gas firms and contractors fear their nascent deals for everything from
- [Guyana's Exxon daily output now over 650,000 barrels of oil per day from 3 FPSO ships - Kaieteur](https://energiesnet.com/guyanas-exxon-daily-output-now-over-650000-barrels-of-oil-per-day-from-3-fpso-ships-kaieteur/) - Kaieteur News GEORGETOWN EnergiesNet.com 01 07 2024 ExxonMobil Guyana Limited is now producing over 650,000 barrels of oil per day (bpd) from three ships in the Stabroek Block—Liza Destiny, Liza Unity and Prosperity. This was revealed on Tuesday by Exxon Guyana’s Head, Alistair Routledge and his newly appointed Production Manager, Huzefa Ali.During a press engagement
- [Report: Positive Cash Flow + (February 2, 2024) - Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-february-2-2024-raul-torrealba-video/) - Market Report Week #5 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.January 22 to February 2, 2024. 1 Macroeconomic Environment: Week ending: Loaded with news.The Fed left rates unchanged.Tech earnings flew , especially Meta and Amazon. It has been a while since a stock in Meta's category has seen
- [Enel Mulls Scrapping Argentina Exit in Big Bet on Milei - Bloomberg](https://energiesnet.com/enel-mulls-scrapping-argentina-exit-in-big-bet-on-milei-bloomberg/) - Alberto Brambilla and Manuela Tobias, Bloomberg News MILAN/BUENOS AIRES EnergiesNet.com 02 06 2024 Enel SpA is poised to scrap plans to sell off its remaining operations in Argentina, which would make it the first international company to shift strategy since Javier Milei took office promising to improve the South American nation’s business climate. While it
- [Q&A: Petrobras’ Prates sees drawn-out transition -  Argus](https://energiesnet.com/qa-petrobras-prates-sees-drawn-out-transition-argus/) - Stephen Cunningham, Argus Media NEW YORK Energiesnet.com 02 06 2024 Brazilian oil giant Petrobras' chief executive, Jean Paul Prates, met with investors in New York last week. He spoke to Argus' Stephen Cunningham about output plans, the energy transition and Opec+. Edited highlights follow: What is your message for Wall Street? Petrobras is a super
- [Vitol’s Geneva Staff Bypassed Internal Controls in Bribe Scheme - Bloomberg](https://energiesnet.com/vitols-geneva-staff-bypassed-internal-controls-in-bribe-scheme-bloomberg/) - Maria Clara Cobo, Patricia Hurtado and Jack Farchy, Bloomberg News NEW YORK/HONG KONGEnergiesNet.com 02 05 2024 Bribe payments by oil trading giant Vitol Group were facilitated by an accounting system that allowed employees to bypass internal controls, according to a company official. Traders could circumvent Vitol’s accounting systems by requesting manual payments to be authorized
- [More LNG imports to Brazil due to terminal's commissioning, further Petrobras purchases - Platts](https://energiesnet.com/more-lng-imports-to-brazil-due-to-terminals-commissioning-further-petrobras-purchases-platts/) - Ángeles Rodríguez, Platts S&P Global RIO EnergiesNet.com 02 05 2024 The upcoming commissioning of one of New Fortress' LNG import terminals, as well as some expected purchases from Petrobras, could stimulate LNG demand in the next few weeks, according to market sources. The Gas Sul LNG import terminal, which New Fortress Energy is developing in
- [Rising US oil production frustrates OPEC⁺ cuts - Reuters](https://energiesnet.com/rising-us-oil-production-frustrates-opec⁺-cuts-reuters/) - John Kemp, Reuters LONDON EnergiesNet.com 02 02 2024 U.S. oil and gas drilling has slowed in response to the fall in prices over the last 18 months, but that has not yet translated into slower production, keeping prices under pressure. Exploration and production firms have continued to increase output despite drilling fewer wells, by concentrating
- [Indebted Pemex Sets Long-Awaited Carbon Dioxide Reduction Goals - Bloomberg](https://energiesnet.com/indebted-pemex-sets-long-awaited-carbon-dioxide-reduction-goals-bloomberg/) - Alex Vasquez, Bloomberg News MEXICO CITY EnergiesNet.com 02 02 2024 Mexican state-owned oil company Pemex said it increased its carbon dioxide reduction targets through 2027, in an effort to meet the government’s emissions goals through the end of the decade. Greenhouse gas emissions from the oil and energy sector must decrease 14% by 2030 in
- [Hess: Guyana's Payara oil production reaches peak capacity of 220,000 b/d in January - Platts](https://energiesnet.com/hess-guyanas-payara-oil-production-reaches-peak-capacity-of-220000-b-d-in-january-platts/) - Starr Spencer, Platts HOUSTON EnergiesNet.com 02 01 2024 Production from Payara, the third oil development on the ExxonMobil-operated Stabroek Block in Guyana, has already reached maximum gross capacity of 220,000 b/d in January – just two months after startup, 30% project partner Hess said Jan. 31. That would place total gross production at Stabroek near
- [Mexico’s Top Court Voids Government’s Statist Power Reform - Bloomberg](https://energiesnet.com/mexicos-top-court-voids-governments-statist-power-reform-bloomberg/) - Maya Averbuch, Bloomberg News MEXICO CITY EnergiesNet.com 02 01 2024 Mexico’s Supreme Court decided against the government’s nationalistic electricity legislation in a case brought by private energy companies, a major blow to President Andres Manuel Lopez Obrador’s statist agenda as he nears the end of his term. The ruling prevents the controversial law, which gave
- [Petrobras CEO Prates Says Yemen Crisis Could Send Oil Above $90 - Bloomberg (video)](https://energiesnet.com/petrobras-ceo-prates-says-yemen-crisis-could-send-oil-above-90-bloomberg-video/) - Peter Millard and Scarlet Fu, Bloomberg News RIO EnergiesNet.com 01 31 2024 Oil prices could top $90 per barrel this year if attacks escalate on ships in the Red Sea, according to the top executive at Brazilian state-controlled oil giant Petroleo Brasileiro SA. “We have a very fragile neck there for the oil and gas
- [Venezuelan Oil Output to Fall 30% Under Renewed US Sanctions - Bloomberg](https://energiesnet.com/venezuelan-oil-output-to-fall-30-under-renewed-us-sanctions-bloomberg/) - Lucia Kassai, Bloomberg HOUSTON EnergiesNet.com 01 31 2024 Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation. The Biden administration on Tuesday said sanctions relief to Venezuela’s oil and gas sector will be allowed to expire on April 18,
- [US to resume oil, gas sanctions in April if Venezuela does not OK all presidential candidates - Platts](https://energiesnet.com/us-to-resume-oil-gas-sanctions-in-april-if-venezuela-does-not-ok-all-presidential-candidates-platts/) - Kate Wiston and Jeff Mower, S&P Global Platts WASHINGTON/NEW YORK EnergiesNet.com 01 30 2026 The US will not be able to renew sanctions relief for Venezuela's oil and gas sector when the license expires in April unless President Nicolás Maduro changes course and allows all presidential candidates to compete in this year's election, a National
- [The week in charts: Seafarer abandonment cases up | Ultra-large box tonnage sailing round Cape | The mysterious new Chinese carrier - Lloydslist](https://energiesnet.com/the-week-in-charts-seafarer-abandonment-cases-up-ultra-large-box-tonnage-sailing-round-cape-the-mysterious-new-chinese-carrier-lloydslist/) - Lloyd's list LONDON Energiesnet.com01 30 2024 Nearly 1,700 seafarers abandoned in 132 cases reported to the International Labour Organization last year, while a China-controlled carrier looks to grab a slice of the high-risk, high-reward Red Sea route as ultra-large box tonnage migrates south prompting a rerouting of Asia-Europe trade. THE International Transport Workers’ Federation reported a
- [Latam Brief: Kenyan court blocks Haiti deployment (video)](https://energiesnet.com/latam-brief-kenyan-court-blocks-haiti-deployment/) - Latin America Daily Briefing Kenya’s high court ruled against a government plan to deploy 1,000 police officers to Haiti to lead a UN-backed multinational mission to fight escalating gang violence there. “The decision raises serious questions about the international push to help Haiti, and what comes next,” reports the Miami Herald. The multinational mission, which
- [Four Factors to Watch in Mexico’s Sweeping 2024 Elections - Juan Pablo Spinetto/Bloomberg](https://energiesnet.com/four-factors-to-watch-in-mexicos-sweeping-2024-elections-juan-pablo-spinetto-bloomberg/) - By Juan Pablo Spinetto With Donald Trump seemingly cruising to the Republican nomination in the US, attention is shifting to the November rematch with Joe Biden. But there’s another big election in North America this year that deserves your attention. On June 2, voters in Mexico will pick a new president, all 500 members of
- [Milei’s Plan to Free Argentina’s Oil Market Slows in Congress - Bloomberg](https://energiesnet.com/mileis-plan-to-free-argentinas-oil-market-slows-in-congress-bloomberg/) - Jonathan Gilbert and Lucia Kassai, Bloomberg News BUENOS AIRES/HOUSTON EnergiesNet.com 01 29 2024 Javier Milei’s plans to free Argentina’s oil markets are getting pared back as the new president negotiates sweeping reforms to deregulate the country’s economy with an opposition-controlled congress. At issue is the Argentine government’s ability to stop drillers from exporting cargoes of
- [Venezuela, Guyana Pledge to Keep Peace Amid Territorial Dispute - Bloomberg](https://energiesnet.com/venezuela-guyana-pledge-to-keep-peace-amid-territorial-dispute-bloomberg/) - Simone Iglesias and Andreina Itriago Acosta, Bloomberg News BRASILIA/CARACAS EnergiesNet.com 01 29 2024 The foreign ministers of Venezuela and Guyana pledged to maintain peace and continue working toward a diplomatic solution to their simmering dispute over the oil-rich Essequibo region after a Thursday meeting in Brazil. Venezuela’s Yvan Gil and Guyana’s Hugh Hilton Todd met
- [US Seen Unlikely to Return All Venezuela Sanctions After Ruling - Bloomberg](https://energiesnet.com/us-seen-unlikely-to-return-all-venezuela-sanctions-after-ruling-bloomberg/) - Fabiola Zerpa, Eric Martin and Patricia Laya, Bloomberg News CARACAS EnergiesNet.com 01 29 2024 Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts.
- [Report: Positive Cash Flow + (January 26, 2024) - Raul Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-january-26-2024-raul-torrealba-video/) - Market Report Week #4 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.January 22-26, 2024 1 Macroeconomic Environment Week ending: The market is sustained at higher levels than the previous week.Earnings from companies like NETFLIX very good and TESLA very bad continue.U.S. stocks ended mixed, another day of consolidation after
- [Oil futures climb Friday more than 6% for the week - MarketWatch](https://energiesnet.com/oil-futures-climb-friday-more-than-6-for-the-week-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 01 26 2024 Oil prices gave up early losses to finish higher on Friday — with production outages in the U.S., strong economic data and concerns about shipping in the Middle East contributing to a more than 6% weekly gain. Price moves West Texas
- [Oil prices settle Thursday at nearly 2-month high after drop in U.S. output and supplies - MarketWatch](https://energiesnet.com/oil-prices-settle-at-nearly-2-month-high-after-drop-in-u-s-output-and-supplies-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 01 25 2024 Oil futures rose Thursday to settle at their highest prices since late November after government data showed larger-than-anticipated drops in U.S. crude inventories and production. Price moves West Texas Intermediate crude for March delivery CL00, -0.56% CL.1, -0.56% CLH24, -0.56% rose
- [Venezuela court upholds ban on leading opposition presidential candidate Machado - Reuters](https://energiesnet.com/venezuela-court-upholds-ban-on-leading-opposition-presidential-candidate-machado-reuters/) - Vivian Sequera, Mayela Armas and Deisy Buitrago, Reuters, CARACASEnergiesNet.com 01 26 2024 Venezuela's Supreme Justice Tribunal on Friday upheld a ban which prevents presidential candidate Maria Corina Machado from holding office, upending the opposition's plans for elections planned later this year. With its ruling, Venezuela's top court has barred Machado, a 56-year-old industrial engineer, from
- [Crew extinguish fire on tanker hit by Houthi missile off Yemen after U.S. targets rebels in airstrike - AP](https://energiesnet.com/crew-extinguish-fire-on-tanker-hit-by-houthi-missile-off-yemen-after-u-s-targets-rebels-in-airstrike-ap/) - AP NEW YORK EnergiesNet.com 01 27 2024 The crew aboard a Marshall Islands-flagged tanker hit by a missile launched by Yemen’s Houthi rebels extinguished an hours long fire onboard the stricken vessel Saturday sparked by the strike, authorities said. The attack on the Marlin Luanda further complicated the Red Sea crisis caused by the Iranian-backed
- [Oil Has Had a Wild Ride. Exxon Can Thrive Even With Low Oil Prices - Barron's](https://energiesnet.com/oil-has-had-a-wild-ride-exxon-can-thrive-even-with-low-oil-prices-barrons/) - Jack Hough, Barron's NEW YORK Energiesnet.com 01 26 2024 My proprietary oil model predicts less price volatility ahead. OK, there’s no model, but a chart of spot Texas crude still makes me shake my J.R. Ewing Stetson in disbelief at how nuts energy trading got over the past five years. OK, there’s no Stetson, either.
- [Biden delays consideration of new natural gas export terminals, citing risk to the climate -  AP](https://energiesnet.com/biden-delays-consideration-of-new-natural-gas-export-terminals-citing-risk-to-the-climate-ap/) - AP WASJHINGTON EneeriesNet.co 01 26 2024 The Biden administration is delaying consideration of new natural gas export terminals in the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. The election year decision by President Joe Biden aligns with environmentalists who fear the huge increase in exports,
- [Woodside says Santos merger talks still at early stage as it forecasts higher production - Reuters](https://energiesnet.com/woodside-says-santos-merger-talks-still-at-early-stage-as-it-forecasts-higher-production-reuters/) - Lewis Jackson and Himanshi Akhand, Reuters BENGALURU/SYDNEY EnergiesNet.com 01 26 2024 Woodside Energy (WDS.AX), opens new tab CEO Meg O'Neill said on Wednesday there was no recent precedent for sizable premiums in oil and gas deals as the producer reported it was still in the early stages of talks over a potential $52 billion merger
- [SLB recovers $560 million from Mexico's heavily indebted Pemex - Reuters](https://energiesnet.com/slb-recovers-560-million-from-mexicos-heavily-indebted-pemex-reuters/) - Reporting by Gary McWilliams and Ana Isabel Martinez HOUSTON EnergiesNet.com 01 26 2024 The world's largest oil services company, SLB, said on Wednesday that it was recovering $560 million of the $1.015 billion it is owed by Pemex via a financial institution that had loaned the Mexican state company money. SLB, formerly known as Schlumberger,
- [Colombia renewable energy points to a  $2.2 billion in investment this year - Reuters](https://energiesnet.com/colombia-renewable-energy-points-to-a-2-2-billion-in-investment-this-year-reuters/) - Oliver Griffing, Reuters BOGOTA EnergiesNet.com 01 26 2024 Colombia's renewable energy sector could get investment of up to $2.2 billion in 2024 across 66 projects that are soon to enter production or waiting to complete paperwork, renewable energy association SER Colombia said on Thursday. Colombia has set its sights on developing renewable energy sources, such
- [Environmental, Indigenous groups in Ecuador threaten action over Amazon oilfield - Reuters](https://energiesnet.com/environmental-indigenous-groups-in-ecuador-threaten-action-over-amazon-oilfield-reuters/) - Alexandra Valencia, Reuters QUITO EnergiesNet.com 01 26 2024 Environmentalists and Indigenous groups in Ecuador on Thursday said that President Daniel Noboa risks being removed from office if he does not comply with a referendum that called for the closure of an oil block in the country's Amazon. Last year, a majority of Ecuadoreans voted to
- [Court clears path for Brazil to renew energy distribution concessions - Reuters](https://energiesnet.com/court-clears-path-for-brazil-to-renew-energy-distribution-concessions-reuters/) - Reporting by Leticia Fucuchima SAO PAULO EnergiesNet.com 01 26 2024 A Brazilian court on Wednesday cleared a hurdle for the government's renewal of concessions contracts representing 60% of the energy distribution market in South America's largest country. Brazil's government has been working since 2022 on new guidelines over the extension of energy distribution contracts, but
- [Petronas seeks fiscal incentives to develop Suriname gas project - Reuters](https://energiesnet.com/petronas-seeks-fiscal-incentives-to-develop-suriname-gas-project-reuters/) - Curtis Williams, Reuters PORT SPAIN EnergiesNet.com 01 26 2024 Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas (PETRA.UL) in the South American country. Baseri did not specify the incentives his company is looking for, but lower royalties and taxes, or commercial incentives
- [GM to Invest $1.4 Billion in Brazil With Focus on Electric Cars - Bloomberg](https://energiesnet.com/gm-to-invest-1-4-billion-in-brazil-with-focus-on-electric-cars-bloomberg/) - Beatriz Reis and Leonardo Lara, Bloomberg News SAO PAULO EnergiesNet.com 01 25 2024 General Motors Co. said it plans to invest 7 billion reais ($1.4 billion) into operations in Brazil over the next five years, as it seeks to accelerate production of electric vehicles in the South American nation that has so far been slow
- [Gas exporting group sees tight global LNG markets until 2026 - Reuters](https://energiesnet.com/gas-exporting-group-sees-tight-global-lng-markets-until-2026-reuters/) - Reporting by Curtis Williams, Reuters PORT SPAIN EnergiesNet.com 01 25 2024 The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and by up to 22% through 2050, the group's secretary general, Mohamed Hamel, said on Monday at a conference in Trinidad and
- [Venezuela creditors with top priority in Citgo share auction - Reuters](https://energiesnet.com/venezuela-creditors-with-top-priority-in-citgo-share-auction-reuters/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 01 25 2024 A federal judge in Delaware on Wednesday allowed an additional creditor to seek proceeds from an auction of shares in a parent of Citgo Petroleum, which could lead to an ownership change of the seventh U.S. largest oil refiner to pay for Venezuela's pending debts. Judge Leonard
- [BP sees Trinidad deepwater gas project getting greenlight as soon as 2025 - Reuters](https://energiesnet.com/bp-sees-trinidad-deepwater-gas-project-getting-greenlight-as-soon-as-2025-reuters/) - Curtis Williams, Reuters PORT SPAIN EnergiesNet.com 01 24 2024 BP (BP.L) expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy (WDS.AX) , to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said. BP,
- [Trinidad and Tobago Eyes More Natural Gas from Venezuela Fields - Bloomberg](https://energiesnet.com/trinidad-and-tobago-eyes-more-natural-gas-from-venezuela-fields-bloomberg/) - Fabiola Zerpa, Bloomberg News PORT SPAIN EnergiesNet.com 01 24 2024 Trinidad and Tobago sees more deals with Venezuela to import natural gas to feed its declining supply following a recent license to tap a former oil giant field. There is an “open door” for the countries to develop more offshore gas fields that sit
- [Red Sea Dangers Delay Saudi and Iraqi Oil Export as Ships Divert - Bloomberg (video)](https://energiesnet.com/red-sea-dangers-delay-saudi-and-iraqi-oil-export-as-ships-divert-bloomberg-video/) - Anthony Di Paola, Bloomberg News DUBAI Energiesnet.com 01 22 2024 Oil deliveries from Saudi Arabia and Iraq totaling almost 9 million barrels are delayed as tankers switch routes to travel the longer way around Africa, rather than transiting the Red Sea. Ships that loaded crude oil and refined products this month from Saudi Arabia’s Ras
- [Trinidad moving forward in Europe selling Venezuelan Dragon gas - Reuters](https://energiesnet.com/trinidad-moving-forward-in-europe-selling-venezuelan-dragon-gas-reuters/) - Curtis Williams, Reuters PORT OF SPAIN Energiesnet.com 01 23 2024 Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday. Venezuela's government in December granted a 30-year license to Shell (SHEL.L) and Trinidad's National Gas Company
- [Yes, Trump can win the 2024 election. Here are four reasons why - Reuters (video)](https://energiesnet.com/yes-trump-can-win-the-2024-election-here-are-four-reasons-why-reuters-video/) - James Oliphant, Reuiters WASHINGTON EnergiesNet.com 01 23 2024 He has been impeached twice, tried to thwart the peaceful transfer of power after losing the 2020 presidential election, faces scores of charges in multiple criminal cases, and his critics warn he is plotting to rule as an autocrat. Yet, Donald Trump could still return to the
- [OPEC daily basket price stood at $79.70 a barrel Monday, January 22 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-79-70-a-barrel-monday-january-22-en/) - EnergiesNet News CARACAS EnergiesNet.com 01 22 2024 The price of OPEC basket of thirteen crudes stood at 79.70 a barrel Monday, compared with $80.18 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea),
- [Another Big Energy Merger, Sunoco Buys NuStar in $7.3 Billion Deal  - Barron's](https://energiesnet.com/another-big-energy-merger-sunoco-buys-nustar-in-7-3-billion-deal-barrons/) - Seher Dareen, Reuters BENGALURU EnergiesNet.com 01 22 2024 Sunoco (SUN.N), said on Monday it would acquire fuels storage and pipeline operator NuStar Energy (NS.N), in a deal valued at about $7.3 billion including debt, as it tries to diversify its core business beyond distribution of motor fuels. The equity portion of the deal comes up
- [Why is Exxon suing to stop two yogis from pushing their climate proposals? - MarketWatch](https://energiesnet.com/why-is-exxon-suing-to-stop-two-yogis-from-pushing-their-climate-proposals-marketwatch/) - Lucas L Alpert, MarketWatch NEW YORK EnergiesNet.com 01 22 2024 These yogis are stretching the patience of America’s biggest oil company. Natasha Lamb and Farnum Brown founded and run Arjuna Capital. The decade-old sustainable-investment firm, whose mission is to push major corporations into adopting more socially conscious policies, has found itself at the center of
- [Oil prices end Monday at highest level in a month on supply risks, ‘positive risk sentiment’ - MarketWatch](https://energiesnet.com/oil-prices-end-monday-at-highest-level-in-a-month-on-supply-risks-positive-risk-sentiment-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 01 22 2024 Oil prices settled Monday at their highest level in about a month, finding support from ongoing risks to global supplies as a rally in U.S. equities lifted prospects for the economy and energy demand. Price moves West Texas Intermediate crude for
- [BP went for continuity. But it needs a revolution - Javier Blas/Bloomberg](https://energiesnet.com/bp-went-for-continuity-but-it-needs-a-revolution-javier-blas-bloomberg/) - By Javier Blas By appointing its former finance boss as its new chief executive officer, British oil giant BP went for continuity — but it needs revolution. The board is turning to capable hands to run the company today. But what about the next five years, let alone the following decade? Murray Auchincloss, a 53-year
- [Should We Be Seeing Red Over the Red Sea? - Paul Krugman/NYTimes](https://energiesnet.com/should-we-be-seeing-red-over-the-red-sea-paul-krugman-nytimes/) - By Paul Krugman There are many reasons to be horrified about recent events in the Middle East, and the prospect that attacks on shipping might undermine progress against inflation is way, way down the list. Nonetheless, if you are trying to forecast inflation, disruption of a major choke point for global commerce — the Red
- [Who’s Right on Oil Demand Growth Forecasts for 2024? - Julian Lee/Bloomberg](https://energiesnet.com/whos-right-on-oil-demand-growth-forecasts-for-2024-julian-lee-bloomberg/) - By Julian Lee Analysts from groups representing oil producers and consumers have radically different views of this year’s market. But OPEC doesn’t seem to believe its own experts. Oil demand will increase almost as fast this year as it did in 2023 and OPEC producers will need to boost output by about 1.8 million barrels a day
- [Norway Court Rules Against State on Oil, Gas Developments - Bloomberg](https://energiesnet.com/norway-court-rules-against-state-on-oil-gas-developments-bloomberg/) - Stephen Treloar, Bloomberg News LONDON EnergiesNet.com 01 22 2024 Climate activists won a court case in Norway against the state over development plans at a handful of oil and gas fields under the sea off the Nordic country’s coast.Greenpeace Norway and Young Friends of the Earth argued that development plans at the Breidablikk, Tyrving and
- [Peru PM rules out financial support for struggling state oil firm - Reuters](https://energiesnet.com/peru-pm-rules-out-financial-support-for-struggling-state-oil-firm-reuters/) - Reporting by Marco Aquino, Reuters LIMA EnergiesNet.com 0122 2024 Peru will not grant new financial support for indebted state oil firm Petroperu, Prime Minister Alberto Otarola said on Sunday, just days after the firm said it needed funds of more than $2.5 billion. The firm is grappling with a liquidity crisis after expenditure to modernize
- [Latam Brief: Boluarte faced backlash in Ayacucho](https://energiesnet.com/latam-brief-boluarte-faced-backlash-in-ayacucho/) - Latin America Daily Briefing Peruvian President Dina Boluarte faced significant anger at an event this weekend in Ayachucho, where ten people were killed in anti-government protests that occurred under her watch in late 2022. Boluarte travelled to Ayacucho, despite resistance from families of the victims. The wife of a man fatally shot during protests evaded
- [YPF to Stay in Public Hands, Emergency Powers Limited - Buenos Aires Herald](https://energiesnet.com/ypf-to-stay-in-public-hands-emergency-powers-limited-buenos-aires-herald/) - Facundo Iglesia, Buenos Aires Herald BUENOS AIRES EnergiesNet.com 01 22 2024 Senior members of Javier Milei’s government have agreed to over 100 changes to his omnibus bill as his La Libertad Avanza coalition negotiates for the support it needs to get the bill approved in Congress. Among the most important changes, state oil and gas
- [US Court Accepts $20.8 Billion in Claims Against Venezuela in Citgo Auction - Reuters](https://energiesnet.com/us-court-accepts-20-8-billion-in-claims-against-venezuela-in-citgo-auction-reuters/) - Marianna Parraga and Gary Mcwilliams, Reuters HOUSTON EnergiesNet.com 01 22 2024 A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of shares in the parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy claims for expropriations and debt defaults.
- [U.S. Wildcat Entrepreneurs To Invest In Venezuelan Oil - Elias Ferrer B./Forbes](https://energiesnet.com/u-s-wildcat-entrepreneurs-to-invest-in-venezuelan-oil-elias-ferrer-b-forbes/) - By Elias Ferrer Breda A group of wildcat entrepreneurs visited Venezuela this week, aiming to revamp the country’s run-down oil sector, according to a source present in the meetings. The U.S. investors met with representatives of Petroleos de Venezuela SA (PDVSA), the state-owned oil firm, as well as local private companies. The delegation included Harry
- [Report: Positive Cash Flow + (January 21, 2024) - Raul Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-january-21-2024-raul-torrealba-video/) - Market Report Week #3 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.January 15 - 19, 2024 1 Macroeconomic Environment: Week ending: Positive economic data continued to add up.Retail sales and consumption in line with expectations.In addition, earnings from flagship companies such as Goldman Sachs improved forecasts and released a
- [Report: Positive Cash Flow + (January 12, 2024) - Raul Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-january-12-2024-raul-torrealba-video/) - Market Report Week #2 of 2024, Report on ideas for positive cash flow. Update on relevant financial information.January 8-12, 2024 1 Macroeconomic Environment: Week ending: Positive data , unsettled markets.The annual CPI declined to 3.9, indicating a continued price deceleration. Although it rose 0.3 in December, the trend line remains downward. PPI was also in
- [The U.S. is breaking oil-production records with fewer drilling rigs - MarketWatch](https://energiesnet.com/the-u-s-is-breaking-oil-production-records-with-fewer-drilling-rigs-marketwatch/) - Matra Saefong, MarketWatch SAN FRANCISCO EnergiesNet.com 01 19 2024 U.S. oil production has been holding at or near record highs since October, topping the previous peak from 2020, even though the number of active domestic oil drilling rigs is down by nearly 30% from four years ago. Strength in oil prices and gains in investment
- [BP names interim boss Murray Auchincloss as permanent chief executive - The Guardian](https://energiesnet.com/bp-names-interim-boss-murray-auchincloss-as-permanent-chief-executive-the-guardian/) - Jillian Ambrose, The Guardian LONDON EnergiesNet.com 01 19 2024 The oil company BP has appointed its former chief financial officer, Murray Auchincloss, as its new chief executive after the shock departure of Bernard Looney last year. BP said Auchincloss, who has acted as interim chief executive since September, would take up the permanent role with
- [U.S. - Mexico - Canada Energy Dispute on Hold in Election Year - Argus](https://energiesnet.com/u-s-vs-mexico-energy-dispute-on-hold-in-election-year-argus/) - Rebecca Conan, Argus Media MEXICO CITY EnergiesNet.com 01 19 2024 The US and Mexico are likely to keep their energy dispute on hold this year as domestic attention turns to presidential elections and the appetite for escalating disagreements remains low, the Baker Institute said. "Numerous trade disputes have arisen over Mexico's reluctance to open its
- [Oil Traders Used State Firms as Fronts in Corrupt Ecuador Deals - Bloomberg](https://energiesnet.com/oil-traders-used-state-firms-as-fronts-in-corrupt-ecuador-deals-bloomberg/) - Jack Farchy, Maria Clara Cobo and Patricia Hurtado, Bloomberg News HONG KONG/NEW YORK EnergiesNet.com 01 19 2024 Three of the world’s top commodity trading houses used state oil companies from China, Thailand, Oman and Uruguay as fronts in their corrupt deals with Ecuador, a federal jury in Brooklyn, New York has heard. Gunvor Group, Vitol
- [Mexican Regulator Will Have Final Word on Iberdrola, AMLO’s Billion-Dollar Deal - Bloomberg Linea](https://energiesnet.com/mexican-regulator-will-have-final-word-on-iberdrola-amlos-billion-dollar-deal-bloomberg-linea/) - Arturo Solis, Bloomberg Linea MEXICO CITY EnergiesNet.com 18 01 2024 A billion-dollar deal between Spanish company Iberdrola and the Mexican government, valued at US$6 billion for the sate’s acquisition of 13 power plants, is now in the hands of Mexico’s antimonopoly regulator, the Federal Economic Competition Commission (Cofece). A source familiar with the deal, who
- [Exxon to buy another 1.2 MT per year of LNG from Mexico Pacific's Saguaro Energia LNG plant -Reuters](https://energiesnet.com/exxon-to-buy-another-1-2-mt-per-year-of-lng-from-mexico-pacifics-saguaro-energia-lng-plant-reuters/) - Reporting by Kylie Madry, Reuters MEXICO CITY EnergiesNet.com 01 17 2024 Mexico Pacific said on Tuesday it had reached a deal to supply Exxon Mobil (XOM.N), opens new tab with an additional 1.2 million tonnes per annum of liquefied natural gas, clearing the way for a final investment decision to expand its Saguaro Energia LNG
- [US extends Citgo protection from creditors through April as auction looms - Reuters](https://energiesnet.com/us-extends-citgo-protection-from-creditors-through-april-as-auction-looms-reuters/) - Reporting by Daphne Psaledakis and Marianna Parraga, Reuters WASHINGTON/HOUSTON EnergiesNet.com 01 17 2024 The U.S. Treasury Department on Tuesday extended Venezuela-owned Citgo Petroleum's temporary protection from creditors through mid-April as a court-ordered auction of shares in the refiner's parent heads toward a bidding deadline this month. The three-month extension provides time for a board supervising
- [Latam Brief: Arévalo is Guatemala's president](https://energiesnet.com/latam-brief-arevalo-is-guatemalas-president/) - Latin America Daily Briefing Anti-corruption crusader Bernardo Arévalo swore in as Guatemala’s president early this morning, after a nine-hour delay caused by Congressional wrangling. "Our democracy has the strength to resist and through unity and trust we can transform the political landscape in Guatemala," Arévalo said moments after taking office. "Never again will there be
- [Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill - Bloomberg](https://energiesnet.com/repsol-sued-in-class-action-for-1-billion-over-perus-worst-oil-spill-bloomberg/) - Marcelo Rochabrun, Bloomberg News LIMA EnergiesNet.com 01 16 2024 Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022. Tom Goodhead, chief executive officer of Pogust Goodhead, said the lawsuit was filed last week in The Hague,
- [Venezuela Boosts Minimum Wage by 43% to Quell Growing Protests - Bloomberg](https://energiesnet.com/venezuela-boosts-minimum-wage-by-43-to-quell-growing-protests-bloomberg/) - Andreina Itriago Acosta and Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 01 16 2024 Venezuela raised its monthly minimum wage by the equivalent of more than 40% as protests by disgruntled public workers grow ahead of presidential elections this year. President Nicolás Maduro said Monday that workers will get a monthly supplement of $60 as well
- [Latam Brief: Arévalo to take office in Guatemala](https://energiesnet.com/latam-brief-arevalo-to-take-office-sunday/) - Latin America Daily Briefing Guatemalan president-elect Bernardo Arévalo is set to take office on Sunday, despite months of legal maneuvers against the anti-corruption crusader and his Movimiento Semilla party. Arévalo has repeatedly denounced a “slow-motion coup d'etat” by the country’s corrupt political elite, under way ever since he unexpectedly came in second in the June
- [US imports first cargo of Guyana's Payara Gold crude, US Customs data shows - Platts](https://energiesnet.com/us-imports-first-cargo-of-guyanas-payara-gold-crude-us-customs-data-shows-platts/) - Alexander Saucer , Platts S&P Global HOUSTON EnergiesNet.com 01 15 2023 The US has imported a cargo of Payara Gold crude for the first time, US Customs and S&P Global Commodity Insights data show. China's CNOOC is listed as the shipper for the 1 million barrel cargo, and ExxonMobil is listed as the consignee. The
- [Oil prices end at a 1-week high Friday after U.S. leads strikes against Yemen over Red Sea attacks - MarketWatch](https://energiesnet.com/oil-prices-end-at-a-1-week-high-friday-after-u-s-leads-strikes-against-yemen-over-red-sea-attacks-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 01 12 2024 Oil prices settled Friday at their highest in a week after the U.S. and U.K. carried out airstrikes against Houthi rebel targets in Yemen in retaliation for persistent attacks on ships in the Red Sea drove fresh jitters over potential supply
- [Houthi-Fired Missile Narrowly Misses Hitting Russian Oil Carrier - Bloomberg](https://energiesnet.com/houthi-fired-missile-narrowly-misses-hitting-russian-oil-carrier-bloomberg/) - Alex Longley, Bloomberg News LONDON EnergiesNet.com 01 12 2024 A ship hauling Russian oil had a narrow miss with a missile fired from Yemen, as vessels increasingly dodge the Red Sea following airstrikes on Houthi rebels. A missile landed between 400 and 500 meters away from a ship in the Gulf of Aden, and was
- [U.S. tightens sanctions net around Yemen’s Houthi rebels behind Red Sea shipping attacks - MarketWatch](https://energiesnet.com/u-s-tightens-sanctions-net-around-yemens-houthi-rebels-behind-red-sea-shipping-attacks-marketwatch/) - Lukas I. Alpert, MarketWatch NEW YORK EnergiesNet.co m 01 12 2024 The U.S. Treasury Department said Friday that it has expanded sanctions against a key-financier of Yemen’s Houthi rebel group to include a network of ships used to raise money. The move was the latest in an effort by the U.S. and its allies to
- [International Energy, Oil & Gas Events 2024](https://energiesnet.com/international-energy-oil-gas-events-calendar/) - SulGas Mumbai 2024 Jan. 31, 2024 – Feb. 2, 2024 , Novotel Juhu | Mumbai, India 2024 TCEPC (SGA) Feb. 6, 2024 – Feb. 8, 2024, The Florida Hotel & Conference Center | Orlando, Fla. SPE Hydraulic Fracturing Technology Conference and Exhibition Feb. 6, 2024 – Feb. 8, 2024 The Woodlands Waterway Marriott Hotel &
- [Argentina’s $16.1 Billion Judgment Is Now Open to Collection - Bloomberg](https://energiesnet.com/argentinas-16-1-billion-judgment-is-now-open-to-collection-bloomberg/) - Bob Van Voris and Jonathan Gilbert, Bloomberg News NEW YORK/BUENOS AIRES EnergiesNet.com 01 12 2024 Investors seeking to collect a $16.1 billion court judgment from Argentina over its 2012 takeover of oil company YPF SA can start going after its assets, as a US judge ruled against the nation’s bid to push back those collection
- [Trafigura Paid Me Bribes, Former Top Ecuador Oil Official Says - Bloomberg](https://energiesnet.com/trafigura-paid-me-bribes-former-top-ecuador-oil-official-says-bloomberg/) - Jack Farchy and Patricia Hurtado, Bloomberg News LONDON/NEW YORK EnergiesNet.com 01 12 2024 The former head of international trade at Ecuador’s state oil company testified that he had been bribed by three of the world’s largest commodity trading companies, as a sprawling investigation into corruption in the global oil trade plays out in a New
- [Argentina’s YPF Sells $800 Million Bond to Fund Debt Buyback - Bloomberg](https://energiesnet.com/argentinas-ypf-sells-800-million-bond-to-fund-debt-buyback-bloomberg/) - Kevin Simauchi and Maria Elena Vizcaino, Bloomberg News NEW YORK EnergiesNet.com 01 11 2023 Argentina’s state-owned oil driller YPF SA tapped international investors with a new dollar bond to help finance a buyback of existing debt, according to people familiar with the matter. The firm sold $800 million in fixed-rate debt due 2031, according to
- [Pemex’s New Dos Bocas Refinery to Cut Into US Gasoline, Diesel Exports - Bloomberg](https://energiesnet.com/pemexs-new-dos-bocas-refinery-to-cut-into-us-gasoline-diesel-exports-bloomberg/) - Chunzi Xu and Lucia Kassai, Bloomberg News HOUSTON EnergiesNet.com 01 11 2024 A new refinery in Mexico is set to cut the country’s gasoline and diesel imports by about a third later this year, hurting the lucrative export business of US companies such as Valero Energy Corp, Exxon Mobil Corp and Marathon Petroleum Corp. After
- [Caribbean struggles to regain oil refining glory - Argus](https://energiesnet.com/caribbean-struggles-to-regain-oil-refining-glory-argus/) - Canute James, Argus Media GEORGETOWN EnergiesNet.com 01 `0 2024 Growing oil producer Guyana is talking with five potential investors interested in building and operating the country's first refinery, vice-president Bharrat Jagdeo said last week. The government issued a tender in October for the 30,000 b/d facility, but has not said when it will decide which
- [Venezuela Opposition Open to Creditor Talks Before Citgo Auction - Bloomberg](https://energiesnet.com/venezuela-opposition-open-to-creditor-talks-before-citgo-auction-bloomberg/) - Fabiola Zerpa and Patricia Laya, Bloomberg News CARACAS EnergiesNet.com 01 10 2024 Venezuela’s opposition-led board for PDVSA said it’s open to talk with US-based refiner Citgo creditors ahead of an auction to settle claims against the government and its oil company. The “risk of losing Citgo is real,” the board said in a statement Tuesday
- [Latam Brief: Ecuador declares state of emergency](https://energiesnet.com/latam-brief-ecuador-declares-state-of-emergency/) - Latin America Daily Briefing Ecuadorean President Daniel Noboa declared a 60-day state of emergency yesterday, after one of the country’s most notorious criminals escaped from prison. The measure suspends citizen’s rights, imposes a nightly curfew, and permits authorities to mobilize the military internally. Thousands of soldiers and police participated in a manhunt for Adolfo Macías,
- [US judge clears way for more Venezuela creditors to join Citgo auction - Reuters](https://energiesnet.com/us-judge-clears-way-for-more-venezuela-creditors-to-join-citgo-auction-platts/) - Marianna Parraga and Gary Mcwilliams, Reuters HOUSTON EnergieNet.com 01 09 2024 A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo
- [Argentina Requests Relief From Burford’s Intent to Seize Assets - Bloomberg](https://energiesnet.com/argentina-requests-relief-from-burfords-intent-to-seize-assets-bloomberg/) - Jonathan Gilbert, Bloomberg News BUENOS AIRES EnergiesNet.com 01 09 2024 Argentina has asked a Manhattan court to stop Burford Capital from immediately trying to seize its foreign assets as the hedge fund seeks to collect on billions of dollars that a judge ruled it is owed by the South American country. In a filing on
- [Report: +Positive Cash Flow (January 7, 2024) - Raul Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-january-7-2024-raul-torrealba-video/) - Week #1 of 2024, Report on ideas for positive cash flow. Market Report Update of material financial information.January 2 - 5, 2023 1 Macroeconomic Environment: Week ending: Apple downgraded by Barclays Bank AAPL: AAPL shares were pressured: 1) downgraded to underweight from equal weight because Barclay's said channel checks show weakness in iPhone volumes, as
- [Latam Brief: Brazil -- a year after Jan. 8](https://energiesnet.com/latam-brief-brazil-a-year-after-jan-8/) - Latin America Daily Briefing Brazil is still reeling from riots in Brasilia exactly a year ago, in which supporters of former President Jair Bolsonaro wrought extensive destruction on government buildings in the capital city. “The Brasilia riots, which drew instant comparisons to the Capitol invasion in Washington two years earlier by supporters of Donald Trump,
- [Apple Stock Downgraded as Barclays Warns on Cooling iPhone Demand - Bloomberg (video)](https://energiesnet.com/apple-stock-downgraded-as-barclays-warns-on-cooling-iphone-demand-bloomberg-video/) - Kit Rees, Bloomberg News LONDON EnergiesNet.com 01 08 2024 Apple Inc. got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock. Shares fell 3.6% on Tuesday, their biggest one-day percentage drop since September, and the decline erased more than $107 billion in
- [Brazil's oil, gas output to head higher amid ongoing energy transition - Platts](https://energiesnet.com/brazils-oil-gas-output-to-head-higher-amid-ongoing-energy-transition-platts/) - Jeff Flick, Platts S&P Global RIO EnergiesNet.com 01 08 2024 Brazil is expected to continue to boost oil and natural gas production in 2024 amid the ongoing development of offshore fields, but a shift in energy policy strategy back toward a state-led model under President Luiz Inacio Lula da Silva and his Workers' Party (PT)
- [Monaldi: Dragon Gas Likely to Survive - TT Guardian](https://energiesnet.com/monaldi-dragon-gas-likely-to-survive-tt-guardian/) - Raphael John-Lall, TT Guardian PORT SPAIN EnergiesNet.com 01 08 2024 Despite the threat of the US Government reimposing sanctions on Venezuela, Francisco Monaldi, Director of the Latin America Energy Program at the Center for Energy Studies at Rice University, is optimistic that the gas agreement signed between T&T and Venezuela last December will most likely
- [Lessons From Kissinger’s Triumphs and Catastrophes - Nicholas Kristof, NYTimes](https://energiesnet.com/lessons-from-kissingers-triumphs-and-catastrophes-nicholas-kristof-nytimes/) - By Nicholas Kristof Henry Kissinger was the wisest of American foreign policy leaders and the most oblivious, the most farsighted and the most myopic, the one with the greatest legacy — and the one we should most study to learn what not to do. I knew Kissinger only slightly (he worked to charm journalists, just
- [Argentina eyes emissions trading system - Argus](https://energiesnet.com/argentina-eyes-emissions-trading-system/) - Lucien Chauvin, Argus Media BUENOS AIRES EnergiesNet.com 01 05 2024 Argentina's government is targeting the creation of an emissions trading system (ETS) and the elimination of incentives for distributed power generation, as it directs the country's approach to energy and climate to more closely mirror president Javier Milei's market-driven economic policies. Milei, a right-wing economist
- [Elections hint greener outlook for Mexico - Argus](https://energiesnet.com/elections-hint-greener-outlook-for-mexico-argus/) - Rebecca Conan, Argus Media MEXICO CITY EnergiesNet.com 01 05 2024 Mexico's energy sector could reach a turning point this year as presidential elections in June promise a candidate that could green the country's energy policy after almost six years of President Andres Manuel Lopez Obrador's tepid climate change strategy. Governing party candidate Claudia Sheinbaum and
- [Heavy crude supply could tighten on US Gulf coast - Argus](https://energiesnet.com/heavy-crude-supply-could-tighten-on-us-gulf-coast-argus/) - Argus Media HOUSTON EnergiesNet.com 01 05 2024 Heavy sour crude supply is expected to tighten on the US Gulf coast as major infrastructure projects in Canada and Mexico pull supplies away from the region. The start-up of the 590,000 b/d Trans Mountain Expansion (TMX) pipeline in Canada could divert Canadian crude to the international markets
- [Oil futures score a weekly gain Friday, buoyed by Middle East tensions - MarketWatch](https://energiesnet.com/oil-futures-score-a-weekly-gain-buoyed-by-middle-east-tensions-marketwatch/) - Mayra P. Saefond and William Watts, MarketWatch SAN FRANCISCO/NEW YORK EnergiesNet.com 01 05 2024 Oil futures rose Friday, notching a weekly gain, as rising tensions in the Middle East stoke fears of a wider war that could crimp crude supplies. Market drivers West Texas Intermediate crude for February delivery CL00, +0.19% CL.1, +0.19% CLG24, +0.19%
- [Argentina YPF Offers to Buy Back Bonds Due in April - Bloomberg](https://energiesnet.com/argentina-ypf-offers-to-buy-back-bonds-due-in-april-bloomberg/) - Kevin Simauchi and Maria Elena Vizcaino, Bloomberg News BUENOS AIRES EnergiesNet.com 01 05 2024 YPF SA, Argentina’s largest oil producer, is considering a return to global bond markets as it carries out a debt buyback, according to people familiar with the transaction. The oil driller was set to start meeting with investors on Friday to
- [Azerbaijan Names Ecology Minister and Ex-Oil Exec as COP29 Chief - Bloomberg](https://energiesnet.com/azerbaijan-names-ecology-minister-and-ex-oil-exec-as-cop29-chief-bloomberg/) - Nayla Razzouk, Bloomberg News ABU DHABI EnergiesNet.com 01 05 2024 Azerbaijan chose Ecology Minister Mukhtar Babayev, who worked for over two decades at the state oil and and gas company before entering government, to head the next round of global climate talks: COP29 to be held later this year in Baku. Babayev was appointed COP29
- [Russian Fuel Exports Hit Eight-Month High - Bloomberg](https://energiesnet.com/russian-fuel-exports-hit-eight-month-high-bloomberg/) - Prejula Prem, Bloomberg News LONDON EnergiesNet.com 01 05 2024 Russia’s oil-product exports climbed to the highest since April on a four-week average basis, buoyed by a sharp rebound in fuel oil shipments. Refined fuel flows averaged almost 2.7 million barrels a day in the four weeks to Dec. 31, according to data compiled by Bloomberg
- [Vitol Employee on Trial for Bribery in Ecuador and Mexico Oil Deals - Bloomberg](https://energiesnet.com/vitol-employee-on-trial-for-bribery-in-ecuador-and-mexico-oil-deals-bloomberg/) - Patricia Hurtado, Bloomberg News NEW YORK EnergiesNet.com 01 05 2023 The first defendant to face trial in a sweeping crackdown on bribery in the commodities-trading industry “orchestrated a money-laundering scheme right here in the US,” prosecutors told a jury in their opening argument against a former Vitol Group manager. Javier Aguilar is accused of bribing
- [Colombia imported its highest annual LNG volume ever in 2023 - Platts](https://energiesnet.com/colombia-imported-its-highest-annual-lng-volume-ever-in-2023-platts/) - Angeles Rodriguez, Platts S&P Global EnergiesNet.com 01 05 2023 LNG annual imports to Colombia reached an all-time high in 2023, driven by drought conditions that increased demand for gas-fired electricity in the country during the second half of the year. Imports to the Andean country totaled 36.3 Bcf last year, a large increase from the
- [Pemex Projects Fuel Output to Grow 60% in 2024 on Refinery Boost - Bloomberg](https://energiesnet.com/pemex-projects-fuel-output-to-grow-60-in-2024-on-refinery-boost-bloomberg/) - Scott Squires, Bloomberg News MEXICO CITY EnergiesNet.com 01 05 2024 Petroleos Mexicanos is expecting fuel output to increase about 60% in 2024 from the previous year, driven by ramped up production at its Dos Bocas refinery, Pemex’s chief executive officer Octavio Romero Oropeza said in a press briefing Thursday. Pemex expects to produce 1.05 million
- [Venezuela's 2023 oil exports rose, aided by US sanctions easing - Reuters](https://energiesnet.com/venezuelas-2023-oil-exports-rose-aided-by-us-sanctions-easing-reuters/) - Marianna Parraga and Mircely Guanipa, Reuters HOUSTON EnergiesNet.com 01 04 2023 Venezuela's oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since 2019 on the OPEC country's energy sector, according to data and documents viewed by Reuters. The increase shows the impact of sanctions
- [Mexico's oil and gas upstream activity likely to slow as country votes for new president - Platts](https://energiesnet.com/mexicos-oil-and-gas-upstream-activity-likely-to-slow-as-country-votes-for-new-president-platts/) - Sheky Espejo, Platts S&P Global MEXICO CITY EnergiesNet.com 01 04 2023 Upstream oil and gas activity in Mexico is likely to slow down in 2024 as private companies do not expect new opportunities to arise after a new president is elected in June. Out of the over 50 exploration blocks that were awarded during the
- [Saving the Panama Canal Will Take Years and Cost Billions, If It’s Even Possible - Bloomberg (video)](https://energiesnet.com/saving-the-panama-canal-will-take-years-and-cost-billions-if-its-even-possible-bloomberg-video/) - Peter Millard and Michael D McDonald, Bloomberg News PANAMA CITY EnergiesNet.com 01 03 2024 The vestiges of an ancient forest tell the story of just how bad things are at the drought-stricken Panama Canal. A few hundred feet from the massive tankers hauling goods across the globe, gaunt tree stumps rise above the waterline. They’re
- [Mexico Orders Pemex to Seize Air Liquide Hydrogen Plant at Tula Refinery - OPIS](https://energiesnet.com/mexico-orders-pemex-to-seize-air-liquide-hydrogen-plant-at-tula-refinery-opis/) - Reporting by Karla Omaña, Oil Price Information Service (OPIS) MEXICO CITY EnergiesNet.com 01 03 2024 The Mexican government on Friday ordered Pemex to take over Air Liquide's hydrogen plant at the state-owned oil company's Tula refinery in Hidalgo state as part of its push to become self-sufficient in fuel production. President Andres Manuel Lopez Obrador
- [OPEC daily basket price stood at $78.44 a barrel Friday, December 29 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-78-44-a-barrel-friday-december-29-en/) - EnergiesNet NewsCARACASEnergiesNet.com 01 02 2024 The price of OPEC basket of thirteen crudes stood at 78.44 a barrel Friday, compared with $80.31 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light
- [Pope at Angelus: Love opens paths for peace, never suffocating others - Vatican News (video)](https://energiesnet.com/pope-at-angelus-love-opens-paths-for-peace-never-suffocating-others-vatican-news-video/) - Devin Watkins, Vatican News VATICAN CITY EnergiesNet.com 01 01 2024 Pope Francis prayed the traditional noon-day prayer of the Angelus on Monday, as the Church celebrated the Solemnity of Mary, Mother of God, and the 57th World Day of Peace. In his reflection ahead of the Marian prayer, the Pope encouraged Christians to place the
- [World welcomes 2024 with New Year's fireworks, reflection and a royal farewell - Reuters (video)](https://energiesnet.com/world-welcomes-2024-with-new-years-fireworks-reflection-and-a-royal-farewell-reuters-video/) - The Global News Desk, Reuters LONDONEnergiesNet.com 01 01 2024 The world welcomed 2024 with a mix of celebration and sombre reflection. Sydney sparkled under a shower of silver and gold fireworks commemorating the 50th anniversary of its iconic Opera House, while the mood in Gaza remained bleak, with residents more concerned with survival. In Europe,
- [Financial Report: Making Cash Flow Positive+ (December 31, 2023) - Raúl Torrealba (video)](https://energiesnet.com/reporte-financiero-flujo-de-caja-positivo-30-de-diciembre-2023-raul-torrealba-video/) - Week #52 of 2023, Report on ideas for positive cash flow. Market Report Update of material financial information.December 30, 2023 1 Macroeconomic Environment: Year 2023 ended. By way of summary we can comment that stocks closed at almost their highest price level ever.The SP500 ended 24% higher compared to the close of 2022. This growth
- [Oil prices end lower Friday as crude suffers first losing year since 2020 - MarketWatch](https://energiesnet.com/crude-oil-futures-friday-eke-out-modest-weekly-gains-after-russia-bans-gas-and-diesel-exports-marketwatch/) - Isabel Wang and Joseph Adinolfi, MarketWatch NEW YORKEnergiesNety.com 09 22 2023 This feature is powered by text-to-speech technology. Want to see it on more articles?Give your feedback below or email audiofeedback@marketwatch.com. Oil prices settled higher on Friday to post a modest gain for the week, following Russia’s decision a day earlier to temporarily ban the
- [Oil prices end lower Friday as crude suffers first losing year since 2020 - MarketWatch](https://energiesnet.com/oil-prices-end-lower-as-crude-suffers-first-losing-year-since-2020-marketwatch/) - William Watts, MarketWatch NEW YORK EnergiesNet.com 12 23 2021 Oil futures ended slightly lower Friday on the final trading day of 2023, capping crude’s first losing year since 2020 as concerns about the demand outlook outweighed potential supply disruptions and efforts by OPEC and its allies to limit production. Price action West Texas Intermediate crude
- [Venezuela Deploys over 5,000 Soldiers to East Caribbean Coast, Citing Guyana Threat - Bloomberg](https://energiesnet.com/venezuela-deploys-over-5000-soldiers-to-east-caribbean-coast-citing-guyana-threat-bloomberg/) - Andreina Itriago Acosta, Bloomberg News CARACAS EnergiesNet.com 12 29 2023 Venezuela has decided to deploy more than 5,000 soldiers on its eastern Caribbean coast after neighboring Guyana received a warship from the UK amid a dispute over the Essequibo territory, according to President Nicolas Maduro. “Venezuela has the right to defend itself, to tranquility, to
- [Javier Milei Seeks Free Oil Markets by Law in Shale-Rich Argentina -  Bloomberg](https://energiesnet.com/javier-milei-seeks-free-oil-markets-by-law-in-shale-rich-argentina-bloomberg/) - Jonathan Gilbert, Bloomberg News BUENOS AIRES EnergiesNet.com 12 29 2023 Argentine President Javier Milei is seeking to extinguish decades of government intervention in the nation’s oil industry by unshackling crude exports and leaving local fuel prices at the whim of market forces. Milei included such measures in sweeping legislation he sent to congress on Wednesday,
- [Financial Report: +Positive Cash Flow (December 24, 2023) - Raúl Torrealba (video)](https://energiesnet.com/report-positive-cash-flow-december-24-2023-raul-torrealba-ramos/) - Week #52 of 2023, Report on ideas for positive cash flow. Market Report Update on relevant financial information.December 24, 2023 1 Macroeconomic Environment: Week ending: Santa Claus rally almost concluding. After the rally gains are already being taken and the market is preparing for a 2024 expectations. 2023 Economic Calendar The housing market looks soft,
- [Argentina sends second economic overhaul bundle with 100 modifications to energy laws - Argus](https://energiesnet.com/argentina-sends-second-economic-overhaul-bundle-with-100-modifications-to-energy-laws-argus/) - Lucien Chauvin, Argus BUENOS AIRES EnergiesNet.com 12 28 2023 Argentina's government today unveiled its second massive package of legal and regulatory changes, including nearly 100 modifications to energy laws. The bill, which President Javier Milei submitted to congress, includes 664 articles that will change hundreds of laws if approved. It follows an urgent decree published
- [Milei sends massive bill calling for power to legislate, privatize public companies - Buenos Aires Herald (video)](https://energiesnet.com/milei-sends-massive-bill-calling-for-power-to-legislate-privatize-public-companies-buenos-aires-herald-video/) - Juan Décima and Facundo Iglesia, Buenos Aires Herald BUENOS AIRES EnergiesNet.com 12 27 2023 President Javier Milei sent his massive, 351-page-long, 664-article bill aimed at deeply reforming the Argentine state to Congress on Wednesday. In a post on X, his press team stated that it was the president’s decision to “free the productive forces of
- [NG Energy Sees Fourfold Increase in Colombian Gas Reserves - Bloomberg](https://energiesnet.com/ng-energy-sees-fourfold-increase-in-colombian-gas-reserves-bloomberg/) - Andrea Jaramillo, Bloomberg News BOGOTA EnergiesNet.com 12 28 2023 NG Energy International Corp. saw more than a fourfold increase in its natural gas reserves in Colombia this year following the drilling of a well and an agreement to develop pipeline infrastructure. Reserves, including proven and probable, jumped to 217.9 billion cubic feet, the Toronto company
- [Angola Quitting OPEC Is More Critical Than It Seems - Javier Blas/Bloomberg](https://energiesnet.com/angola-quitting-opec-is-more-critical-than-it-seems-javier-blas-bloomberg/) - By Javier Blas The three most dangerous words in the oil market are “OPEC is dead.” The oil cartel’s obituary has been written many, many times — and always prematurely. The almost non-stop departure of member countries during the past decade – Indonesia in 2016, Qatar in 2019, Ecuador in 2020 — have provided ample
- [Argentina May Issue Bond to Pay $16 Billion Award in YPF Lawsuit - Bloomberg](https://energiesnet.com/argentina-may-issue-bond-to-pay-16-billion-award-in-ypf-lawsuit-bloomberg/) - Patrick Gillespie, Bloomberg News BUENOS AIRES EnergieNet.com 12 27 2023 Argentina’s President Javier Milei is considering issuing a perpetual bond to pay a $16 billion lawsuit award to Burford Capital stemming from the nationalization of state-run energy company YPF. Swinging between political jabs and policy intentions, Milei suggested that the government would issue the bond
- [Petrobras Starts Drilling Well in Equatorial Margin Region - Bloomberg](https://energiesnet.com/petrobras-starts-drilling-well-in-equatorial-margin-region-bloomberg/) - Andrew Rosati, Bloomberg News RIO EnergiesNet.com 12 27 2023 Brazil’s Petroleo Brasileiro SA began drilling on Saturday in the so-called Equatorial Margin as the state oil company looks to expand production in the promising and ecologically sensitive offshore region. The drilling of the Pitu Oeste well, located 53 kilometers (33 miles) off the coast of
- [Petrobras Is in Talks With Mubadala for Stake in Bahia Refinery - Bloomberg](https://energiesnet.com/petrobras-is-in-talks-with-mubadala-for-stake-in-bahia-refinery-bloomberg/) - Mariana Durao, Bloomberg News RIO EnergiesNet.com 12 26 2023 Brazil’s state oil company Petrobras said it’s in talks with Mubadala Capital to buy back a stake in a refinery it sold two years ago to the investment arm of Abu Dhabi’s sovereign wealth fund. The deal is still subject to internal evaluation by Petrobras, and
- [Gas Prices at the Pump Post Biggest Jump Since August - Bloomberg](https://energiesnet.com/gas-prices-at-the-pump-post-biggest-jump-since-august-bloomberg/) - Chunzi Xu, Bloomberg News HOUSTON EnergiesNet.com 12 26 2023 US pump prices had their biggest jump in more than four months, tracking gains in oil, as many Americans get ready for holiday road trips.Regular gasoline now costs an average of $3.097 a gallon after notching the biggest one-day increase since August with a 0.6% gain,
- [Latam Brief: Milei's decree faces obstacles](https://energiesnet.com/latam-brief-mileis-decree-faces-obstacles/) - Latin America Daily Briefing Argentine President Javier Milei’s “mega” presidential decree, that seeks to carry out extensive reform in one fell swoop, faces political, judicial and popular challenges. For the second night in a row, protesters gathered banging pots and pans in different cities. Argentina’s largest union confederation will file a legal challenge and will
- [UK to send naval ship to Guyana amid Venezuela border dispute - Reuters](https://energiesnet.com/uk-to-send-naval-ship-to-guyana-amid-venezuela-border-dispute-reuters/) - Reporting by Sachin Ravikumar, Reuters LONDON EnergiesNet.com 12 26 2023 Britain will deploy a naval ship off Guyana later this month, its ministry of defence said on Sunday, as the South American nation faces a border dispute with neighbour Venezuela over the oil-rich Essequibo region. The deployment follows a visit by a British junior foreign
- [First output to Trinidad from Venezuela's Dragon gas field expected in 2 years - Reuters](https://energiesnet.com/first-output-from-venezuelas-dragon-gas-field-expected-in-2-years-reuters/) - By Deisy Buitrago, Curtis Williams and Marianna Parraga, Reuters CARACAS/HOUSTON EnergiesNet.com 12 26 2023 A natural gas project to be developed in Venezuelan waters by Shell (SHEL.L) and Trinidad and Tobago's state firm National Gas Company (NGCTT.UL) could achieve first output in the next two years if a positive investment decision is made, Trinidad officials
- [Shell, Trinidad's NGC get 30-year license to produce gas in Venezuela - Reuters](https://energiesnet.com/shell-trinidads-ngc-get-30-year-license-to-produce-gas-in-venezuela-reuters/) - Reporting by Deisy Buitrago, Reuters CARACAS EnergiesNet.com 12 22 2023 A license extended by Venezuela to Shell (SHEL.L) and Trinidad and Tobago's National Gas Company (NGC) will allow the companies to produce natural gas off the South American country's coast for 30 years, state oil company PDVSA said on Friday. Venezuela, Shell and NGC on
- [Pope Francis: May Christmas bring peace to our world and turn sorrow into joy - (video)](https://energiesnet.com/pope-francis-may-christmas-bring-peace-to-our-world-and-turn-sorrow-into-joy-video/) - Jason Horowitz, NYTimes ROMEEnergiesNet.com 12 25 2023 Pope Francis on Monday focused his Christmas address on the violence in Israel and war in Gaza that had caused an “appalling” loss of civilian life and brought “sorrow” to Bethlehem, traditionally seen as the birthplace of Jesus, as he called for the release of Israeli hostages and
- [Increasing Panama Canal transit restrictions prompt rising concerns in resin markets - Platts (video)](https://energiesnet.com/increasing-panama-canal-transit-restrictions-prompt-rising-concerns-in-resin-markets-platts/) - Kristen Hays and Guilherme Baida, S&P Global Platts HOUSTON/SAO PAULO EnergiesNet.com 12 24 2023 US resin exporters are increasingly monitoring fallout from reduced transits through the Panama Canal in an effort to conserve water amid a lack of rain, market sources said. Some traders have seen delays in shipments to West Coast South America markets
- [ING Plans to Phase Out of Oil and Gas Financing After COP28 - Bloomberg](https://energiesnet.com/ing-plans-to-phase-out-of-oil-and-gas-financing-after-cop28-bloomberg/) - April Roach, Bloomberg News AMSTERDAM EnergiesNet.com 12 24 2023 ING Groep NV plans to end all financing of upstream oil and gas activities by 2040 and aims to triple its funding of renewable energy following the COP28 summit. The Dutch bank expects to boost its financing of renewable power generation to €7.5 billion ($8.2 billion)
- [Infographic: European gas and power markets in 2024 - Platts](https://energiesnet.com/infographic-european-gas-and-power-markets-in-2024-platts/) - European gas and power markets in 2024 - Platts spglobal.com 12 21 2023
- [2023: A Typically Atypical Year -  M. Juan Szabo and Luis A. Pacheco/LGA](https://energiesnet.com/2023-a-typically-atypical-year-m-juan-szabo-and-luis-a-pacheco-lga/) - This 2023 review allows us to identify trends in some of the components of the oil market, and how these might evolve in 2024. We risk extrapolating a 2024 similar to 2023, with supply chasing demand. Meanwhile, in Venezuela, production during the year did not show significant changes, evidencing that licenses alone do not lead
- [Oil prices Friday score weekly gain as worries rise over Red Sea](https://energiesnet.com/oil-prices-friday-score-weekly-gain-as-worries-rise-over-red-sea/) - William Watts, MarketWatch NEW YORK EnergiesNet.com 12 22 2023 Oil futures ended slightly lower Friday but booked weekly gains as worries remained over disruptions to shipments in the Red Sea. But upside may have been limited by worries around the supply outlook, possibly amplified by Angola’s Thursday exit from the Organization of the Petroleum Exporting
- [Angola Quits OPEC Amid Production Quota Dispute - Bloomberg (video)](https://energiesnet.com/angola-quits-opec-amid-production-quota-dispute-bloomberg-video/) - Candido Mendes and Grant Smith, Bloomberg News LUANDA/LONDON EnergiesNet.com 12 22 2023 Angola announced it’s leaving OPEC following 16 years of membership amid a dispute over oil production quotas, while the cartel tries to buoy global prices. Luanda had rejected a reduced output limit imposed by the leaders of the cartel to reflect the country’s
- [Brazil Braces for Record Amount of Russian Diesel This Month - Bloomberg](https://energiesnet.com/brail-braces-for-record-amount-of-russian-diesel-this-month/) - Chunzi Xu, Bloomberg News HOUSTON EnergiesNet.com 12 22 2023 Brazil is bracing for a record amount of diesel and gasoil from Russia this month ahead of Moscow’s pledged supply cuts in the first quarter. At 10 million barrels, Russian diesel imports into the South American nation will more than double volumes from the previous month,
- [Milei Sets Up YPF, Enarsa and Aerolineas  for Privatization  - Bloomberg](https://energiesnet.com/milei-sets-up-ypf-enarsa-and-aerolineas-for-privatization-bloomberg/) - Jonathan Gilbert - Bloomberg News BUENOS AIRES EnergiesNet.com 12 21 2023 President Javier Milei took the first step to privatize state-run Argentine companies with a sweeping decree that opens the door for private business to take control of key sectors. Milei — a libertarian who wants to shrink government and deregulate to flip the switch
- [Oil Drillers Snap Up Gulf of Mexico Leases Ahead of Biden Pause - Bloomberg](https://energiesnet.com/oil-drillers-snap-up-gulf-of-mexico-leases-ahead-of-biden-pause-bloomberg/) - Ari Natter, Bloomberg News WASHINGTON EnergiesNet.com 12 20 2023 Hess Corp. was the top winner in a US auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales. The sale, held by the Interior Department
- [Americans freed by Venezuela in US prisoner swap land at Texas base - Reuters (video)](https://energiesnet.com/americans-freed-by-venezuela-in-us-prisoner-swap-land-at-texas-base-reuters-video/) - Marianna Parraga, Mayela Armas and Trevor Hunnicutt, Reuters CARACAS/WASHINGTON EnergiesNet.com 21 12 2023 Some of the Americans who were freed by Venezuelan President Nicolas Maduro's government in a U.S. prisoner swap have landed at a U.S. military base in San Antonio, Texas, a Reuters witness said. The individuals were freed on Wednesday in exchange for
- [PDVSA to settle debt to Curacao RdK refinery, seeks to supply oil - Reuters](https://energiesnet.com/pdvsa-to-settle-debt-to-curacao-rdk-refinery-seeks-to-supply-oil-reuters/) - Marianna Parraga, Reuters HOUSTON EnergiesNet.com 12 20 2023 Venezuela's state-run oil company Petróleos de Venezuela has signed an agreement to settle debts to Curacao's refinery after ceasing operations in 2019, and could resume crude supply to the Caribbean facility, the parties said on Tuesday. Following expiration of a contract that for years allowed PDVSA(PDVSA.UL) to
- [Citgo Wins $54 Million From Insurers Over Oil Seized by Venezuela’s Maduro - Bloomberg](https://energiesnet.com/citgo-wins-54-million-from-insurers-over-oil-seized-by-venezuelas-maduro-bloomberg/) - Chris Dolmetsch and Jef Feeley, Bloomberg News NEW YORK/DELAWARE EnergiesNet.com 12 20 2023 Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government. A jury in federal court in Manhattan decided late Monday that insurers must pay Citgo for its
- [Guyana on Lloyd’s Risky Shipping List Due to Venezuelan Threats - Bloomberg](https://energiesnet.com/guyana-on-lloyds-risky-shipping-list-due-to-venezuelan-threats-bloomberg/) - Kevin Crowley and Alex Longley, Bloomberg News HOUSTON/LONDON EnergiesNet.com 12 19 2023 One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s Market Association’s Joint War Committee on Monday applies only to vessels visiting offshore
- [PDVSA and Repsol Sign Deal to Renew Oil Terms - Bloomberg](https://energiesnet.com/pdvsa-and-repsol-sign-deal-to-renew-oil-terms-bloomberg/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 12 19 2023 Venezuela and Spain’s Repsol SA signed a new contract for a jointly-run oil venture as the Andean nation seeks to ramp up production after the US eased sanctions. Venezuela’s Oil Minister Pedro Tellechea and Repsol’s head for upstream, Francisco Gea, signed an agreement during an event
- [Repsol, Eni Set to Renew Oil Terms in Venezuela with Eye on Gas - Bloomberg](https://energiesnet.com/repsol-eni-set-to-renew-oil-terms-in-venezuela-with-eye-on-gas-bloomberg/) - Fabiola Zerpa, Bloomberg News CARACAS EnergiesNet.com 12 17 2023 Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the US eased sanctions. The Spanish and Italian companies are hammering out contract terms between
- [Report: +Positive Cash Flow (December 17, 2023) – Raúl Torrealba Ramos](https://energiesnet.com/report-positive-cash-flow-december-17-2023-raul-torrealba-ramos/) - Market Report Update of material financial information.December 17, 2023 1 Macroeconomic Environment: Week ending: Markets ended upbeat after the consumer price index remained contained in the month of November and the Fed meeting ended Wednesday did not adopt any tightening measures on money circulation . Instead, Fed policymakers encouraged expectations of interest rate cuts through
- [Latam Brief: Chileans reject Constitution 2.0 (video)](https://energiesnet.com/latam-brief-chileans-reject-constitution-2-0-video/) - Latin America Daily Briefing Chilean voters rejected a draft constitution in a plesbicite yesterday. It is the second time in just over a year that voters have rejected a proposal to replace the current, dictatorship-drafted magna carta. Nearly 56% of voters rejected the proposal drafted by a conservative-led Constitutional Council, and 44% supported it. About
- [Guyanese crude in the crosshairs - Argus](https://energiesnet.com/guyanese-crude-in-the-crosshairs-argus/) - John Cordner and Giovann Rosales, Argus Media LONDON/HOUSTON EnergiesNet.com 12 18 2023 Venezuela's threats to annex Guyanese territory have shone a brighter light on the fastest growing source of non-Opec oil supply outside the US and Brazil. Venezuela's claims on the Essequibo province that makes up two-thirds of Guyana's territory go back more than 100
- [OPEC daily basket price stood at $78.03 a barrel Monday, December 15 – EN](https://energiesnet.com/opec-daily-basket-price-stood-at-78-03-a-barrel-monday-december-15-en/) - EnergiesNet NewsCARACASEnergiesNet.com 12 18 2023 The price of OPEC basket of thirteen crudes stood at 77.03 a barrel Monday, compared with $76.77 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light

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- [february 24 2023](https://energiesnet.com/tag/february-24-2023/)
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- [China National Petroleum Corporation](https://energiesnet.com/tag/china-national-petroleum-corporation/)
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- [Mexicans protest INE reform](https://energiesnet.com/tag/mexicans-protest-ine-reform/)
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- [Hardeep Singh Puri](https://energiesnet.com/tag/hardeep-singh-puri/)
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- [pipeline vaca muerta](https://energiesnet.com/tag/pipeline-vaca-muerta/)
- [Nestor Kirchner pipeline](https://energiesnet.com/tag/nestor-kirchner-pipeline/)
- [vaca muerta](https://energiesnet.com/tag/vaca-muerta/)
- [closing Oil prices february 27 2023](https://energiesnet.com/tag/closing-oil-prices-february-27-2023/)
- [Argentina shale](https://energiesnet.com/tag/argentina-shale/)
- [vista oil](https://energiesnet.com/tag/vista-oil/)
- [miguel galuccio](https://energiesnet.com/tag/miguel-galuccio/)
- [vaca muerta fields](https://energiesnet.com/tag/vaca-muerta-fields/)
- [Alaska](https://energiesnet.com/tag/alaska/)
- [artic circle](https://energiesnet.com/tag/artic-circle/)
- [artic National Park](https://energiesnet.com/tag/artic-national-park/)
- [Ambler road](https://energiesnet.com/tag/ambler-road/)
- [opec daily price february 28 2023](https://energiesnet.com/tag/opec-daily-price-february-28-2023/)
- [opec+ oil price](https://energiesnet.com/tag/opec-oil-price-2/)
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- [tesla](https://energiesnet.com/tag/tesla/)
- [untapped reserves](https://energiesnet.com/tag/untapped-reserves/)
- [World Petroleum Council](https://energiesnet.com/tag/world-petroleum-council/)
- [WPC](https://energiesnet.com/tag/wpc/)
- [Boston Consulting Group](https://energiesnet.com/tag/boston-consulting-group/)
- [BCG](https://energiesnet.com/tag/bcg/)
- [DE&I](https://energiesnet.com/tag/dei/)
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- [presidential elections](https://energiesnet.com/tag/presidential-elections/)
- [fuel subsidies](https://energiesnet.com/tag/fuel-subsidies/)
- [dividends](https://energiesnet.com/tag/dividends/)
- [russia-ukraine war](https://energiesnet.com/tag/russia-ukraine-war/)
- [drones](https://energiesnet.com/tag/drones/)
- [Moscow](https://energiesnet.com/tag/moscow/)
- [closing oil prices february 28 2023](https://energiesnet.com/tag/closing-oil-prices-february-28-2023/)
- [natural ghas](https://energiesnet.com/tag/natural-ghas/)
- [OPEC daily basket price februeay 28 2023](https://energiesnet.com/tag/opec-daily-basket-price-februeay-28-2023/)
- [opec+ opec](https://energiesnet.com/tag/opec-opec/)
- [U.S. nuclear industry](https://energiesnet.com/tag/u-s-nuclear-industry/)
- [Michigan's Palisades Nuclear Plant](https://energiesnet.com/tag/michigans-palisades-nuclear-plant/)
- [Holtec International](https://energiesnet.com/tag/holtec-international/)
- [Constellation corporation](https://energiesnet.com/tag/constellation-corporation/)
- [Comsumers Energy](https://energiesnet.com/tag/comsumers-energy/)
- [U.S. Energy Department's Civil Nuclear Credit Program](https://energiesnet.com/tag/u-s-energy-departments-civil-nuclear-credit-program/)
- [wind parks](https://energiesnet.com/tag/wind-parks/)
- [illegal wind parks](https://energiesnet.com/tag/illegal-wind-parks/)
- [lng plant](https://energiesnet.com/tag/lng-plant/)
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- [Greta Thunberg](https://energiesnet.com/tag/greta-thunberg/)
- [carbon](https://energiesnet.com/tag/carbon/)
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- [carbon dioxide](https://energiesnet.com/tag/carbon-dioxide/)
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- [CO2](https://energiesnet.com/tag/co2/)
- [Automotive industry](https://energiesnet.com/tag/automotive-industry/)
- [closing oil prices march 1 2023](https://energiesnet.com/tag/closing-oil-prices-march-1-2023/)
- [caribbean news](https://energiesnet.com/tag/caribbean-news/)
- [holness visit haiti](https://energiesnet.com/tag/holness-visit-haiti/)
- [OPEC daily basket price stood March 01 2023](https://energiesnet.com/tag/opec-daily-basket-price-stood-march-01-2023/)
- [power grid](https://energiesnet.com/tag/power-grid/)
- [blackout](https://energiesnet.com/tag/blackout/)
- [japan](https://energiesnet.com/tag/japan/)
- [prototype fusion nuclear reactor](https://energiesnet.com/tag/prototype-fusion-nuclear-reactor/)
- [fussion nuclear](https://energiesnet.com/tag/fussion-nuclear/)
- [europe gas supplies](https://energiesnet.com/tag/europe-gas-supplies/)
- [china gas demand](https://energiesnet.com/tag/china-gas-demand/)
- [nuclear reactors](https://energiesnet.com/tag/nuclear-reactors/)
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- [closing oil prices march 7 2023](https://energiesnet.com/tag/closing-oil-prices-march-7-2023/)
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- [Jennifer Granholm](https://energiesnet.com/tag/jennifer-granholm/)
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- [closing oil prices march 9 2023](https://energiesnet.com/tag/closing-oil-prices-march-9-2023/)
- [OPEC daily basket price march 09 2023](https://energiesnet.com/tag/opec-daily-basket-price-march-09-2023/)
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- [shale oil](https://energiesnet.com/tag/shale-oil/)
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- [nuclea power](https://energiesnet.com/tag/nuclea-power/)
- [The Zaporizhzhia Nuclear Power Plant](https://energiesnet.com/tag/the-zaporizhzhia-nuclear-power-plant/)
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- [alaska willow project](https://energiesnet.com/tag/alaska-willow-project/)
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- [US secretary of energy](https://energiesnet.com/tag/us-secretary-of-energy/)
- [big beneficiaries of the Inflation Reduction Act](https://energiesnet.com/tag/big-beneficiaries-of-the-inflation-reduction-act/)
- [US energy industry](https://energiesnet.com/tag/us-energy-industry/)
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- [ertification of responsibly sourced natural gas](https://energiesnet.com/tag/ertification-of-responsibly-sourced-natural-gas/)