Latin America & Caribbean

Mexico's Next President Aims To End Foreign Fuel Imports In Three Years

Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country's massive fuel imports, nearly all from the U.S., during the first three years of his term while also boosting refining at home.

Jul 8 2018 - 1:10pm

Argentine Appeals Court Rejects Fraudulent Ecuadorian Judgment Against Chevron

An appeals court in Argentina has rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corp., making Argentina the latest country where courts have dismissed the judgment found by U.S. courts to have been obtained through racketeering and corruption.

Jul 5 2018 - 2:36pm

Mexico's New Government To Honor Oil, Gas Contracts If No Problems Emerge

Oil and gas contracts awarded under the Mexican government's energy reform will be respected by the incoming administration provided no problems emerge in a revision of the process, the man designated to run the finance ministry said on July 4.

Jul 4 2018 - 10:11am

Expert: Mexico’s Energy Reform Will Continue, But With Changes

Attorney sees more partnerships with Pemex and fewer outright upstream contracts with the incoming administration, as well as a tightening of the permit process for the midstream.

Jul 3 2018 - 5:00am

Maya Oil Discount Continues To Widen

The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.

Jun 8 2018 - 11:07am

Qatar Petroleum Buys Stake In ExxonMobil's Argentina Shale Assets

Qatar Petroleum (QP) signed an agreement on June 3 with Exxon Mobil Corp. (NYSE: XOM) to acquire a 30% stake in two of ExxonMobil's affiliates in Argentina.

Jun 3 2018 - 6:23pm

Conoco Seizes Venezuela PDVSA Products From Isla Refinery

U.S. oil major ConocoPhillips (NYSE: COP) has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on May 13.

May 14 2018 - 8:35am

ConocoPhillips Aims To Seize PDVSA Oil Inventories In Curacao

ConocoPhillips is trying to seize PDVSA’s oil assets at the 335,000 barrel-per-day (bbl/d) Isla refinery in Curacao, which would expand its control over the Venezuelan state-run company’s barrels for export, according to sources close to the matter.

May 8 2018 - 8:43am

PDVSA Ordered To Pay ConocoPhillips $2 Billion For Breaking Venezuela Contracts

An international arbitration court has ordered Venezuela's state-run oil company PDVSA to pay ConocoPhillips $2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said on April 25.

Apr 25 2018 - 2:04pm

Chevron Evacuates Venezuela Executives Following Staff Arrests

U.S. oil major Chevron Corp. has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.

Apr 25 2018 - 1:32pm