Latin America & Caribbean Headlines
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What's Next for Mexico's Energy Sector?
(Friday, January 13, 2017) Rigzone examines the possible long-term outlook for Mexico's energy sector.

Petrobras to Invest $19 Bln, Has Cash for Over Two Years
(Wednesday, January 11, 2017) PetrĂ³leo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year.

Peru Aims to Close Deals on $3 Bln for State Energy Company
(Wednesday, January 11, 2017) Peru's finance minister said Wednesday that he will seek to close deals on $3 billion in financing for state energy company Petroperu, including a loan from Spanish state-backed insurer Cesce, during a trip to Europe next week.

Peru Would Retain Money from Odebrecht Deal Pending Graft Probe
(Tuesday, January 10, 2017) Peru would withhold any money Brazil's Odebrecht SA might make by selling its 55 percent stake in a natural gas pipeline project while prosecutors probe bribes the company has admitted to distributing in the Andean country, the government said.

Brazil's Petrobras Breaks Drought in LatAm Market
(Tuesday, January 10, 2017) Brazil's Petrobras opened the Latin American primary markets on Monday with a US$4bn two-part debt sale - the region's first cross-border bond of the year.

Cuba, United States Sign Oil Spill Deal Before Trump Inauguration
(Monday, January 09, 2017) Cuba and the United States agreed on Monday to jointly prevent, contain and clean up oil and other toxic spills in the Gulf of Mexico, as they rush to conclude deals before President-elect Donald Trump takes office.

Fluor Wins Chile Refinery Contract
(Wednesday, January 04, 2017) The project marks an oil and gas milestone for Fluor in the South American country.

U.S. Refiners Open Export Spigot to Meet Latin American Need
(Friday, December 30, 2016) US refiners exported record amounts of oil products last week, taking market share from struggling competitors in Mexico and the Caribbean.

Mexico Fuel Price Increase Seen Boosting Sales of More Efficient Cars
(Friday, December 30, 2016) An imminent jump in Mexican gasoline prices should not reduce auto sales in the near term but will ultimately boost the market for more fuel-efficient cars, a leading Mexican auto industry group says.

'Gasolinazo' Infuriates Nation and Taints Flagship Energy Reform
(Thursday, December 29, 2016) Mexico braces for as the opposition threatens a "peaceful revolution," after the government announces plans to raise gasoline prices by the most in two decades.

CNPC Said to Join Bidding for Odebrecht Stake in Peru Pipeline
(Thursday, December 29, 2016) China National Petroleum is competing with Canada's Brookfield Asset Management to buy Odebrecht's majority stake in a $7.3 billion Peruvian pipeline project.

Technip, Venezuelan Firms Tapped to Refurbish Aruba Refinery
(Thursday, December 29, 2016) A consortium formed by France's Technip and Venezuela's Tecnoconsult is picked to refurbish Aruba's 225,000 barrel per day refinery.

Mexican Inflation Seen Spiking Due To Fuel Price Hike
(Wednesday, December 28, 2016) The Mexican government's announcement that it will hike gasoline prices by up as much as one-fifth next month has prompted economists to begin raising 2017 inflation forecasts.

Peru Natgas Union Calls Off Strike After Deal With Pluspetrol
(Wednesday, December 28, 2016) Workers at Peru's Camisea natural gas fields have called off a strike scheduled for Thursday after reaching a deal on labor benefits.

Peru Says It Will Nix Key Odebrecht Contract If Won Through Bribes
(Tuesday, December 27, 2016) Peruvian President Pedro Pablo Kuczynski said he will terminate a $5B natural gas pipeline contract if it is found to have been won with bribes.

Mexico Gasoline Prices to Surge by the Most in Two Decades
(Tuesday, December 27, 2016) Mexico will raise gasoline prices by as much as 20 percent in January, stoking inflation that's already running at the fastest pace in almost two years.

Odebrecht to Sell Peru Pipeline to Brookfield -Finance Minister
(Wednesday, December 21, 2016) Brazilian construction conglomerate Odebrecht SA is in advanced talks on selling its majority stake in a $5 billion natural gas pipeline project in Peru to Canada's Brookfield Asset Management Inc, Peru's Finance Minister Alfredo Thorne said.

Ecuador to Receive $900 Mln in Oil-for-Loan Pacts with Thailand, Oman
(Tuesday, December 20, 2016) Ecuador expects to receive $900 million in loans agreed to this month with Thailand's PTT International and Oman Trading International, which will be repaid with crude and fuel oil shipments, the government said.

Earthquake Along Ecuador's Coast Kills 2, Halts Refinery
(Monday, December 19, 2016) The Esmeraldas refinery, which has a 110,000-barrel-per-day capacity, was halted as a precaution, Pedro Merizalde, head of state oil company Petroecuador, told Reuters.

Chile's Enel Sells Stake in Gas Company for $180 Million
(Monday, December 19, 2016) Enel Generacion Chile SA has agreed to sell its 42.5 percent stake in pipeline operator Electrogas for $180 million, the utility said in a letter to the local securities regulator.

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