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(Reuters) - Mexican President Andres Manuel Lopez Obrador said Wednesday the country expected crude processing in six state-run Petroleos Mexicanos (Pemex) refineries to increase to 1.2 million barrels per day, up from the current level of 840,000 barrels per day. Lopez Obrador said in a regular news conference that the Olmeca refinery along the coast... Continue Reading →
(PN) Petrobras launched this week a tender for contracting inspection services in its industrial assets located on land and sea. The tender covers both refining units as well as platform ships currently in operation in the Brazilian pre-salt. The expectation is that the opening of the envelopes with the proposals will take place on the... Continue Reading →
(Reuters) - Ecuador's state-run oil company Petroecuador on Thursday launched an auction for private companies to bid for a flagship offshore natural gas field, aiming at increasing the Andean country's production. Petrocuador is looking for a partner for exploring and developing the Amistad natural gas field, at the nation's Guayaquil Gulf, currently producing 24 million... Continue Reading →
Amid successive changes of command, Petrobras will need to ask CADE (Administrative Council for Economic Defense) for more time to sell the refineries it needs to make available to the market because of an agreement signed with the antitrust body in 2019. More than two years after the agreement for the sale of the eight... Continue Reading →
(OE) Forecasters on Thursday amped up their outlook for the U.S. Atlantic hurricane season, saying warm sea temperatures and the absence of a moderating wind shear portend a "well-above average" number of storms. Colorado State University researchers raised their estimate for tropical storms, hurricanes and major hurricanes by one apiece to 20, 10 and five, respectively. There is a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, aiming to facilitate access to information on fuel prices, launched, today, a new website where it presents, in a didactic way and more user-friendly look, the parts involved in the formation of gasoline, diesel and cooking gas (LPG) prices. The new site (precos.petrobras.com.br), in addition to providing information on price... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A., a contract for the sale of the Lubrificantes e... Continue Reading →
(Reuters) - Iranian state firms have started preparations to revamp Venezuela's largest oil refinery, the 955,000-barrel-per-day Paraguana Refining Center, four people close to the talks said, following a contract to repair its smallest facility. A deal would deepen an energy relationship that has become a lifeline for Venezuela's dilapidated oil industry amid a crisis caused... Continue Reading →
(Reuters) - The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday. The move comes as the airline industry seeks to achieve a goal of zero net carbon emissions by 2050 and as governments worldwide are pressing... Continue Reading →
(PN) Petrobras broke the record for processing pre-salt oil at its refineries. In the 1st quarter of 2022, on average, 65% of the oil load processed in the company's refineries originated in the Brazilian pre-salt, a quarterly record. In February 2022, the monthly pre-salt processed volume record was reached with 66%. In 2016, for example,... Continue Reading →
Brazil Energy Insight 