By Matt Kohlman | March 5, 2013 09:43 AM Comments (0)
Think the jets to Europe and Latin America are packed? Try the ships carrying jet fuel.
The idling of a major Caribbean refinery last year helped speed along a net export trend for US jet fuel, with a record amount shipped out of the US in 2012. The reversal of historic net imports happened despite events that would normally make one think the US would be a heavy importer: major refinery issues on the West Coast and Hurricane Sandy on the East Coast.
By Carla Bass | July 11, 2012 05:06 PM Comments (0)
Platts’ sparkling new office in downtown
About the same time as our office move, an article in a state-run Ecuadorean newspaper reminded me of how some governments develop their own virtual white-noise systems to cancel out distracting alternative opinions.
By News Desk | June 18, 2012 12:26 PM Comments (0)
Repsol has drilled what is known in the business as a “duster,” a dry hole. It was an extremely expensive duster, and it has brought into question whether Cuba will be the big oil producer that some have envisioned. In this week’s At the Wellhead column from Oilgram News, Leslie Moore Mira discusses the fallout from Repsol’s setback.
By Carla Bass | April 27, 2012 07:03 PM Comments (0)
Oil-rich Venezuela’s outspoken but now cancer-striken leader of the past 13 years, Hugo Chávez, is usually so noisy that when he recently went almost radio silent for 10 days, people thought he had died.
Social networking sites buzzed with the rumor over the weekend. His stay for this round of radiation therapy in Cuba to treat his unspecified cancer lasted longer than normal — some 12 days — although he returned quietly to Caracas shortly after midnight April 26.
By John Kingston | November 8, 2011 01:57 AM Comments (0)
As Tokyo prepares for Christmas, a very big holiday here, Jose Sergio Gabrielli de Azevedo showed up in Japan’s capital with what he wanted Santa to bring him. It was a lot more than 12 drummers drumming and five gold rings.
The Petrobras CEO has been making a grand tour of Asia the past two weeks, speaking and holding media briefings in Singapore (at Singapore International Energy Week), South Korea and Tokyo.
By John Kingston | October 1, 2011 01:33 PM Comments (0)
There have been reviews published recently of Daniel Yergin’s new book, The Quest: Energy, Security and the Remaking of the Modern World. Only a professional reviewer, given an advance copy, could have finished this massive tome by now; it was released less than two weeks ago.
The little meter on my Kindle tells me I’ve read 12% of the book. And already, I’ve encountered a terrific tale of one of the oil industry’s more significant developments in recent history: la apertura.
By Robert Sharp | September 26, 2011 09:10 AM Comments (0)
The dysunfctional operations of Pemex, Mexico’s state oil company have long been known, and long been the source of exasperation almost worldwide. Mexico analyst George Baker touched on some of those issues several months ago in this entry. Now, in this week’s Platts Oilgram News column, Platts correspondent Ron Buchanan discusses the latest attempt to change Pemex’ trajectory.
By News Desk | September 5, 2011 10:28 AM Comments (0)
Petrobras is getting ready to embrace floating production, storage and offloading (FPSO) technology in the coming months. But as Gary Taylor notes in this week’s PetroDollars column from Platts Oilgram News, other companies are not all following suit.
By Leslie Moore Mira | July 4, 2011 04:16 PM Comments (0)
Like Mark Twain, reports of Hugo Chavez’s death have been greatly exaggerated during his 12-year presidency. A quick search churns up speculative postings by Chavez supporters and foes of a dead Chavez in 2005. In April 2008, groundless rumors again hit the ether, then kicked up again two years later.
Death may yet be far off for the strongman, who has survived prison, a brief political coup in 2002, other efforts at sabotage, and now, possibly, cancer.
By Beth Evans | July 4, 2011 06:42 AM Comments (0)
In this week’s Platts Oilgram News “New Frontiers” column, Leslie Moore Mira discusses the distintegration of Venezuela’s once-proud state oil company, but how Colombia has been able to benefit from the exodus of its skilled employees.
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