Mon Dec 5, 2016 The logo of Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD 24 OCT' FOR ALL IMAGES - RTX2Q59C Mexico awarded a consortium of Chevron, Pemex and Inpex Corporation the third block tendered from... Continue Reading →
Murphy, Ophir-led consortium wins block in Mexico oil auction
Mon Dec 5, 2016 Mexico awarded a consortium of Murphy Sur, Ophir Mexico Holdings, PC Carigali Mexico and Sierra Offshore Exploration the fifth block tendered from the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 5 is a 993.5 square mile (2,573.2 square km) block which... Continue Reading →
China Offshore Oil wins two Mexico Perdido blocks in deep water auction
Mon Dec 5, 2016 A logo is seen on the wall at the entrance of China National Offshore Oil Corp (CNOOC) office tower in Beijing, March 20, 2013. REUTERS/Petar Kujundzic Mexico awarded China Offshore Oil Corporation the fourth block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a... Continue Reading →
Statoil, BP, Total win first block in Mexico Salina Basin auction
Dec 5, 2016 Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 1 is a 919 square mile (2381.1 square kilometer) area which the energy ministry says contains some 1.852 billion barrels... Continue Reading →
Brazil court blocks sale of Petrobras fuels distribution unit
Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA (Petrobras) after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program... Continue Reading →
Mexico picks BHP Billiton for first oil farmout with Pemex
Dec 5/Reuters Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of BHP Billiton won the rights to tie-up with Pemex on its light oil Trion field, less than... Continue Reading →
Crippled Latin Oil Giants Get No Miracle Cure in Post-OPEC Rally
For the three titans of Latin American oil -- Pemex, PDVSA and Petrobras -- last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights. Even as news of the cartel’s 1.2 million-barrel-a-day output cut spurred the steepest three-day oil gain in 15 months, the biggest... Continue Reading →
Demonstrators march in Brazil to support corruption crackdown
Demonstrators protested across Brazil on Sunday to denounce corruption and a congressional vote perceived as an effort to intimidate judges and prosecutors leading graft probes. Dressed mostly in the national colors of yellow and green, thousands marched to demand accountability at a time when Latin America's biggest country is reeling from corruption scandals, political gridlock... Continue Reading →
Marcelo Odebrecht Agrees to Plea Deal in Brazilian Corruption Probe
Agreement by former head of Odebrecht SA could lead to testimony implicating government officials Marcelo Odebrecht during a hearing into the Petrobras investigation in September 2015. PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES By LUCIANA MAGALHAES and REED JOHNSON Updated Dec. 1, 2016 4:54 p.m. ET SÃO PAULO—Marcelo Odebrecht, the jailed former head of Brazilian construction giant Odebrecht... Continue Reading →
Brazil Senate boss Calheiros indicted for embezzlement
Brazil's Supreme Court indicted the president of the Senate, Renan Calheiros, on Thursday for embezzlement, a ruling that is expected to fan growing tensions between the judiciary and Congress over corruption cases. The top court voted 8-3 to try the senator on charges of misusing public funds in a nine-year-old case involving the payment of... Continue Reading →
