EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a...
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
(Reuters, 10.Aug.2023) — Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to...
Cuban Officials Return from Russia with Promises of Oil
(Reuters, 20.Jun.2023) — A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade...
Argentina to Send Humanitarian Aid to Cuba after Oil Fire
(Xinhua, 14.Aug.2022) — The Argentinean Foreign Ministry announced on Sunday that three batches of humanitarian aid will be sent to Cuba to alleviate the severe consequences of an oil fire...
NRGBriefs: Caribbean Monthly Economic Report June 2022
(Energy Analytics Institute, 24.Jun.2022) — Energy briefs including economic details not limited to inflation reaching 11.2% y/y in 1Q:22 in the Cayman Islands, Hurricane Agatha causing severe flooding in Cuba...
Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays
(Reuters, 6.May.2022) — Venezuela's oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil upgrading capacity available, according to...
NRGBriefs: Exxon Exits Sakhalin-1; LyondellBasell On Seasonal Demand
(Energy Analytics Institute, 29.Apr.2022) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength...
Cuba Exceeds Fuel Import Budget: April 2022 Caribbean Monthly Economic Report
(Energy Analytics Institute, 25.Apr.2022) — Cuba exceeded its fuel import budget in the first quarter due to higher fuel prices while Trinidad & Tobago is expected to experience a “balance...
Cuba Struggles to Buy Fuel as Imports from Venezuela Dwindle -Data
(Reuters, 5.Apr.2022) — Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia's invasion of...
Melbana Provides Positive Update from Alameda-1 Well Onshore Cuba
(Melbana Energy, 7.Feb.2022) — Melbana Energy Limited (ASX: MAY) (Melbana) provided this update on its drilling operations at its Alameda-1 exploration well in its Block 9 contract area onshore Cuba....
Uncertainties In Venezuela Around Arrival Of More Iranian Gasoline
(Energy Analytics Institute, 22.Jun.2021) — Venezuelan economist José Toro Hardy said it was unclear when additional Iranian tankers carrying gasoline would reach the South American country’s coasts. Venezuela could encounter...
Cuban Tanker En Route To Venezuela Reports Missing Sailor At Sea
(Reuters, 12.May.2021) — A crew member aboard a Cuba-flagged oil tanker on its way from a Mexican shipyard to Venezuela was reported missing this week, according to a shipping report...
Entities Look To Press Biden On Venezuela Fuel Swaps
(Reuters, 18.Jan.2021) — Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe...
New Electricity Tariff In Cuba To Protect Vulnerable
(Prensa Latina, 14.Dec2020) — The new electricity tariff to be implemented in Cuba next January 1 as part of the monetary regulation process, will protect vulnerable families, a government practice...
Cash-short Cuba Orders More Power Cuts
(Argus, 26.Aug.2020) — Cuba is deepening power cuts as US sanctions on its main fuel supplier Venezuela make it harder for the island to keep its lights on. Venezuela's state-owned...
Maduro Sends Iranian Oil To Cuba
(Panam Post, 27.May.2020) — A Cuban vessel arrived in Venezuela to allegedly provide the island gasoline that has just arrived from Iran. According to the Marine Traffic portal, this is...
PdV Restarts Coker For Export Via Cuba
(Argus, 20.May.2020) — State-owned PdV has partially restarted a 70,000 b/d delayed coker which had been off line for over a year at its 305,000 b/d Cardon refinery, three PdV...
PDVSA Steps Up Shipments To Cuba
(Reuters, 14.Feb.2020) — Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean...
US Cuts Venezuelan Flows Plans For China, Rosneft
(S&P Global Platts, 24.Dec.2019) — US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a matter of weeks after being...
Venezuela And Cuba ‘Circumvent Sanctions’
(Miami Herald, Jim Wyss and Nora Gamez Torres, 3.Dec.2019) — Washington continued to tighten its grip on Venezuela and Cuba on Tuesday, naming six oil tankers that deliver fuel from...
US Acts Against Movement Of Venezuelan Oil To Cuba
(US Department of State, 3.Dec.2019) — On December 3, the United States identified six PDVSA-owned vessels, pursuant to E.O. 13884 or 13850, being used by the former Maduro regime to...
OFAC Adds Six Vessels To List
(Piero Stewart, Energy Analytics Institute, 3.Dec.2019) — The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) add six vessels to its SDN list as of 3 Dec....
Cuba Working To Boost Renewable Energy
(Xinhua, 29.Nov.2019) — Cuba hopes to generate a quarter of its energy needs from renewable sources over the next decade, an industry official said on Thursday. The government's Renewable Energy...
Apache To Explore Offshore Cuba
(Dominican Today, 27.Nov.2019) — The Ministry of Energy and Mines (MEM) awarded Apache Dominican Republic Corporation, a subsidiary of the US Apache Corporation, an offshore block in the San Pedro...
Venezuela Ships Petcoke Cargo To Cuba
(Energy Analytics Institute, Piero Stewart, 25.Nov.2019) — OPEC member country Venezuela reportedly shipped a cargo of petroleum coke to Cuba valued at an estimated $1.7 million, according to sources in...
Maduro Pledges 30 MMbbls To Back Cryptocurrency
(Oilprice.com, Irina Slav, 21.Nov.2019) — Venezuela will use some 30 million barrels of oil it has in storage as backing for its national cryptocurrency, the petro, Reuters reports, citing a...
CUPET To Host Licensing Round Workshop
(GEP, 18.Nov.2019) — As the official CUPET meeting and roadshow to mark Cuba's first offshore bid round, the Cuba Energy, Oil and Gas conference will be returning at the end...
Venezuela Using Invisible Oil Tankers To Skirt Sanctions
(Oilprice.com, Irina Slav, 16.Nov.2019) — U.S. sanctions on Venezuela have been squeezing the life out of its economy in an attempt to remove the government of Nicolas Maduro from power,...
Reliance To Resume Venezuela Oil Loadings
(Reuters, Marianna Parraga, 9.Oct.2019) — Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA...
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to...
PdV Floods Cuba With Stranded Oil
(Argus, 3.Oct.2019) — At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space while defying a US campaign...
US Press Secretary Statement On Venezuela
(White House Press Secretary, 25.Sep.2019) — Today, President Donald J. Trump and other United States officials hosted leaders from Western Hemisphere countries to discuss the need for a democratic transition...
Venezuela Oil Exports To Cuba Rising: Sources
(Reuters, Mircely Guanipa and Marianna Parraga, 25.Sep.2019) — Venezuelan state oil company PDVSA ordered an increase in exports to ally Cuba to ease fuel shortages on the island this month,...
US Targets Entities, Vessels Moving Venezuelan Oil To Cuba
(US Treasury, 24.Sep.2019) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities that operate in the oil sector of the Venezuelan economy...
US Actions Against Entities Assisting Venezuela
(US Treasury, 24.Sep.2019) — On September 24, the United States designated four companies that operate in Venezuela’s oil sector as sanctioned, and identified as blocked property four vessels associated with...
Cuba Won’t negotiate On Venezuela, But Russia Might
(Miami Herald, Nora Gámez Torres and Michael Wilner, 24.Sep.2019) — Moscow has maintained communication with members of the Venezuelan opposition even as the Cuban government plans on “going down with...
Fallout From Sweet Oil Deal For Venezuela’s Neighbors
(NPR, 20.Jul.2019) — It sounded like such a good idea at the time. The year was 2005. Global oil prices were climbing dramatically. Countries in the Caribbean were facing major...
Venezuelan Petroleum Exports To Cuba Surge In Response To US Sanctions
(Platts, 23.May.2019) — Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents show. According to the documents,...
Repsol Winds Down Operations In Venezuela
(VOA, Martin Arostegui, 21.May.2019) — Spain's Repsol, the last western oil giant with major operations in Venezuela, is leaving the embattled country, as pressure mounts from U.S. sanctions and continuing...
US Targets Shippers For Bringing Venezuela Oil To Cuba
(AFP, 17.May.2019) — The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba in what it called a response to actions against...
New U.S. Sanctions Seek To Block Venezuelan Oil Shipments To Cuba
(NYT, Annie Karni and Nicholas Casey, 5.Apr.2019) — The Trump administration announced on Friday its latest round of economic sanctions against the government of President Nicolás Maduro of Venezuela, this...
LatAmNRG Q&A Series With Refinitiv’s Carl Larry
(Energy Analytics Institute, Ian Silverman, 31.Mar.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, unconventionals to renewables, Houston-based Refinitiv...
Cuba Would Need To Spend $2 Bln /Year For Oil If Venezuela Stops Deliveries
(Miami Herald, Nora Gamez Torres, 22.Mar.2019) — Cuba would have to spend nearly $2 billion a year to meet its domestic oil needs if Venezuela’s National Assembly and interim president...
Cuba Faces Oil Crisis As Venezuela Crumbles
(Oilprice.com, Irina Slav, 17.Mar.2019) — When Venezuela’s opposition leader Juan Guaido earlier this week said he had decreed the suspension of all crude oil shipments to Cuba, he explained the...
OPEC Releases MOMR With Data Thru Feb. 2019
(Energy Analytics Institute, Piero Stewart, 14.Mar.2019) — OPEC announced publication of its Monthly Oil Market Report (MOMR) as of 14 March 2019 with details on producers in Latin America and...
Venezuela’s Crisis: This Is Not About Politics Or Oil
(Marla Dukharan, 4.Feb.2019) — The worst humanitarian crisis in Latin American history has for years been festering in our backyard, with spillovers both good and (mostly) bad for the Caribbean....
Melbana Energy Signs Farmout Deal For Block 9 Onshore Cuba
(Melbana, 2.Jan.2019) — Melbana Energy Limited announced on 31 December 2018 it signed a binding definitive farmout agreement with Anhui Modestinner Energy Co., Ltd. (AMEC), a wholly owned and guaranteed...
Course For Officials From Suriname, Trinidad, Mexico And Cuba
(ARPEL, 27.Dec.2018) — During October and November, various training courses on ARPEL Oil Spill Response Planning and Readiness Assessment Manual and the tool RETOS® (Readiness Evaluation/Excel Tool for Oil Spills)...
Cuba Seeks Foreign Partners For Oil Exploration
(Xinhua, 9.Dec.2018) — Cuba’s government will open a number of potentially oil-rich blocks to international bidding, in a bid to boost oil output,according to state-owned oil firm Cuba Oil Union...
Cuba And Bolivia To Cooperate In Peaceful Use Of Nuclear Energy
(Prensa Latina, 28.Nov.2018) — Cuba and Bolivia on Wednesday signed an interagency agreement to strengthen, facilitate and expand the opportunities for technical, scientific and academic cooperation, and to develop the...
UNICEF Works on Developing Resilience in Caribbean Islands Affected by Hurricanes
[caption id="attachment_3669" align="alignnone" width="1536"] A year after two category 5 hurricanes caused destruction across parts of the Caribbean, most children in the affected countries are now back in school and...
Guyana to Become 5th Largest Oil Producer in LAC Region
(Energy Analytics Institute, Piero Stewart, 15.Aug.2018) – If all goes off as planned, by 2025, Guyana will be the 5th largest oil producer in the Latin American and Caribbean region....
Venezuela Dodges Oil Asset Seizures
(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) – Reuters) - Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers...
Petroleum Geology of Mexico and the Northern Caribbean
(The Geological Society, 25.Jul.2018) – The Gulf of Mexico is a world class prolific hydrocarbon system. As a result of recent energy reform the Mexican sector of this basin has...
Why Is Venezuela Still Sending Subsidized Oil To Cuba?
(OilPrice.com, Haley Zaremba, 17.Jul.2018) – In the past, oil has accounted for 96 percent of Venezuela's exports and over 40 percent of government revenues. Now, as the nation’s economy continues...
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for...
Melbana Says UK Investors Eyeing Cuba
(Melbana Energy Limited, 2.Jul.2018) – Melbana Energy Limited announced a potential dual listing on the UK’s Alternative Investment Market (AIM) is being actively considered, as it is clear there is...
Melbana to Spud Cuba Well in December
(Melbana Energy Limited, 2.Jul.2018) – Australia’s Melbana Energy Limited announced preparatory work is continuing in Cuba in readiness for the planned drilling program in Block 9. From a permitting perspective,...
India, Cuba Shake Over Renewable Energy
(PTI, 23.Jun.2018) – India and Cuba have agreed to enhance cooperation in biotechnology, renewable energy and traditional medicine as President Ram Nath Kovind held wide-ranging talks with his Cuban counterpart...
Data Confirms Cuban Oil Prospects
(UPI, Daniel J. Graeber, 12.Jun.2018) -- New data taken from an oil reservoir on the northern coast of Cuba confirm the assessment of a highly prospective site, Australia's Melbana Energy...
Cuba’s Fuel Supply and Exports Pressure Currency
(Energy Analytics Institute, Piero Stewart, 7.Jun.2018) – Cuba’s foreign currency will be under pressure this year. “Difficulties with fuel supply and a drop in exports have continued to put pressure...
Why Melbana Choose Cuba?
(Energy Analytics Institute, Piero Stewart, Jared Yamin) – Melbana Energy Limited Chief Geologist Errol Johnstone explains why the company choose Cuba. ***
Ramnarine Talks About Southern Caribbean Deepwater Industry
(Energy Analytics Institute, Ian Silverman, 31.May.2018) – Former Trinidad and Tobago Energy Minister Kevin Ramnarine will speak in Port of Spain about the regional deepwater industry in the Southern Caribbean....
Total, Siemens Hope to Sign Cuban LNG Deal Soon
(Reuters, Marc Frank, 30.Apr.2018) -- French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired...
Energy, Education, and Learning Through NRG ED
(Energy Analytics Institute, Aaron Simonsky, 24.May.2018) – Energy Analytics Institute, formerly LatinPetroleum Inc., continues to promote its “Energy Education Initiative” in the Americas, also known as “NRG ED.” NRG ED...
ECLAC Ssays Venezuela’s Economic Activity to Fall 8.5% in 2018
(Energy Analytics Institute, Aaron Simonsky, 1.May.2018) – The United Nations Economic Commission for Latin America and the Caribbean, also known as ECLAC or CEPAL by its Spanish acronym, projects economic...
PDVSA Strengthens Cuba-Venezuela Agreement
(PDVSA, 22.Feb.2017) – The vice president of trade and supply of PDVSA Ysmel Serrano, concluded a work trip to Cuba in order to strengthen energy cooperation ties as part of...
Mange Infested Dog Roams PDVSA’s Paraguana Refining Complex
[caption id="attachment_564" align="alignnone" width="1088"] Amuay refinery in Venezuela. Source: Pietro D. Pitts[/caption] (Energy Analytics Institute, Pietro D. Pitts, 14.Sep.2016) – On a brief taxi ride from Punto Fijo’s Josefa Camejo...
MEO Australia Signs Deal for Cuba Block 9
(MEO Australia Ltd., 3.Sep.2015) – MEO Australia Limited executed the Cuba Block 9 Production Sharing Contract (PSC) with the national oil company Cuba Petroleo Union (CUPET) in a ceremony in...