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

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

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

Colombia's Transandino Pipeline Halted After Bomb Attack

Colombia’s southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on April 22.

Apr 23 2018 - 8:14am

Infrastructure Overhaul Will Key Success Of Mexico Energy Reforms

Despite political uncertainty, the opportunity still remains for big gains for the early investors.

Apr 18 2018 - 6:00am

US Bans Transactions With Venezuela's Digital Currency

President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in the OPEC country.

Mar 20 2018 - 8:39am

Mexico Front-Runner Must Respect Oil, Airport Contracts: Business Lobby

Mexico's powerful CCE business lobby on March 12 urged the leftist front-runner for a July 1 presidential election to stop questioning major planks of the government's economic agenda lest it damage investment.

Mar 12 2018 - 4:23pm

Brazil's Petrobras To Consider LPG Unit Sale, IPO

State-controlled oil firm Petroleo Brasileiro SA will discuss alternatives for its liquefied petroleum gas distribution unit in a board meeting this week, one person with direct knowledge of the matter said.

Mar 12 2018 - 4:11pm

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