Energy Latam Blog | 2016 Jan | W1

Weekly Highlights (plus a bonus) Feliz Año Nuevo | Happy New Year | Feliz Ano 2016!! Venezuela Earlier this week, newly elected opposition lawmakers were sworn in (English) to the Venezuelan Congress. The opposition won a super majority in Congress that is being challenged by the ruling Socialist party (PSUV). The country’s state-owned oil company, […]

Energy Latam Blog | 2015 Dec | W3-4

Weekly Highlights Mexico Pemex‘s oil price hit a low (Spanish) last week when the Mexican mix fell to $27 per barrel, and it continued flirting with record prices (Spanish) as it closed yesterday at $26.54 USD. Prices at this level hover close to the cost of production (estimated to be between $23 and $29 USD […]

Energy Latam Blog | 2015 Dec | W2

Weekly Highlights Mexico Pemex is looking at entering external markets and is scheduled to open five total franchise (English) gas stations in Houston in December 2015 to test the U.S. market. Pemex brand recognition is high among the large percentage of Hispanics residing in Houston. The new stations are part of a larger strategy (Spanish) to increase […]

Petrobras Q3 Preview: Company Plagued By Internal And Macroeconomic Problems, Will Remain So In Near Term

Petrobras will release its third quarter earnings report on November 12. The company has had a rough ride in the last few months, facing roadblocks in the form of various internal and macroeconomic headwinds. Petrobras is currently experiencing the crippling effects of… http://www.trefis.com/stock/pbr/articles/322279/petrobras-q3-preview-company-plagued-by-internal-and-macroeconomic-problems-will-remain-so-in-near-term/2015-11-11

Petrobras Has Another Problem to Deal With: Oil

Petrobras hasn’t traded with oil prices for years, primarily because of the Brazilian government. In better times, it was because the government wasn’t allowing the oil giant to raise gasoline prices. In the worst of times, as in today, it is because of the bribery scandal known as “Car Wash”. Politics aside, Petrobras has another […]

Petrobras Argentina SA Sees Unusually-High Trading Volume (PZE)

Petrobras Argentina SA (NYSE:PZE) shares saw unusually-strong trading volume on Monday , Market Beat.com reports. Approximately 114,760 shares changed hands during mid-day trading, an increase of 68% from… Full Story: http://dcprogressive.org/2015/10/20/petrobras-argentina-sa-sees-unusually-high-trading-volume-pze/

Brazilian President Dilma Rousseff Cleared in Petrobras Corruption Scandal

Brazilian President Dilma Rousseff has been cleared of wrongdoing in the Petrobras scandal by a parliamentary commission report released Monday, Telesur English reported. Commission spokesman Deputy Luiz Sérgio Nóbrega de Oliveira said the report found there was no proof in any of the examined documents that Rousseff or her predecessor Luiz Inácio Lula da Silva were involved in the energy giant’s […]

Brazil: Petrobras Crisis Makes 2016 Energy Reform Likely

“Brazil’s recent auction for contract work in its oilfields drew lackluster attention. and while that can be explained by low oil prices and poor asset quality, Eurasia Group analysts…” Full Story: http://blogs.barrons.com/emergingmarketsdaily/2015/10/14/brazil-petrobras-crisis-makes-2016-energy-reform-likely/#

Petrobras Pulls $790 Million Bond Sale in Blow to Producer

“Petroleo Brasileiro SA, the world’s biggest junk-rated borrower, canceled a plan to sell 3 billion reais ($790 million) of local bonds after the state-controlled oil producer’scredit rating was cut to junk by Standard & Poor’s last month.” Full Story: http://www.bloomberg.com/news/articles/2015-10-15/petrobras-said-to-cancel-local-bond-sale-amid-lackluster-demand

Petrobras Confirms Libra Block’s Hydrocarbon Potential in Latest Drilling

“Petroleo Brasileiro S.A. (Petrobras) reported Wednesday that the consortium responsible for the Libra area, in the pre-salt of Santos Basin, has concluded the drilling of well 3-BRSA-1310-RJS, located in the central portion of the block offshore Brazil.” Full Story: http://www.rigzone.com/news/oil_gas/a/141106/Petrobras_Confirms_Libra_Blocks_Hydrocarbon_Potential_in_Latest_Drilling#sthash.TcjT3HFl.dpuf