(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator […]
Category: Curacao
Curacao energy
The World Bank: LAC Returns to Pre-Pandemic “Unsatisfactory Growth Rates”
(Energy Analytics Institute, 11.Apr.2022) — This week The World Bank published its 62-page semiannual report for Latin America and the Caribbean (April 2022) dubbed “Consolidating the Recovery: Seizing Green Growth Opportunities.” Guyana’s nascent petroleum sector is expected to help the country’s gross domestic product (GDP) expand by 47.9% in 2022, […]
Mercuria Breathes Life Into Curacao Oil Storage
(Argus, 19.Apr.2021) — Trading company Mercuria started using oil storage at the Bullen Bay terminal in Curacao under a previously undisclosed short-term lease signed in December. The Liberia-flagged Largo Sun delivered a first cargo to the terminal last week, breathing life into the long-dormant terminal. The medium-range tanker departed from […]
Bonaire Eyes Curacao Model To Sell Venezuelan Oil
(Argus, 28.Aug.2020) — Another Dutch Caribbean island is racing to safeguard and possibly sell Venezuelan fuel oil before a US sanctions window closes in December. Bonaire hosts Venezuelan state-owned PdV’s 10mn bl Bopec oil terminal, one of the few offshore assets that remains in the Caracas-based company’s hands. Following years […]
Curacao Fuel Sale Touches Venezuela Sanctions Nerve
(Argus, 18.Aug.2020) — A fuel oil cargo stuck off of the Dutch Caribbean island of Curacao is about to be released to an unnamed buyer in a closely monitored transaction that highlights maritime sensitivity to US sanctions on Venezuela. The Liberia-flagged Panamax Promoter loaded the cargo early this month at […]
Curacao Seizes PDVSA Oil Terminal In Dutch Caribbean
(Reuters, 20.Mar.2020) — Curacao state-owned oil refinery Refineria di Korsou (RdK) on Friday seized an oil storage terminal on the Dutch Caribbean island of Bonaire over a payment dispute with Venezuela’s state-run PDVSA oil firm, a RdK official said. Curacao will seek Dutch court approvals to sell Bonaire Petroleum Corp […]
PdV Gets Curacao Reprieve
(Argus, Patricia Garip, 2.Dec.2019) — Venezuela’s state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal for a transition period of up to one year after its lease expires at the end of December. The preliminary lease extension is another notch […]
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 the Caribbean from Venezuela, Ecuador, Brazil, Colombia, and Mexico. *** © Energy Analytics Institute (EAI)
Venezuela’s Refinery Woes Send Fuel Imports Soaring -Internal Documents
(Reuters, Marianna Parraga, 6.Dec.2018) — Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters. The country with the world’s largest crude reserves this […]
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 at sea and loading vessels in neighboring Cuba to avoid asset seizures. But the OPEC member nation is still fulfilling […]
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 Latin America and the Caribbean or CEPAL by its Spanish acronym. The details were revealed in CEPAL’s annual report titled […]
PDVSA Says Curacao Refinery Fire Out
(Energy Analytics Institute, Ian Silverman, 21.May.2017) – PDVSA announced that it has completely controlled a fire that occurred at its Isla de Curacao refinery. The incident occurred at the distillation unit of the refinery, reported PDVSA in an official statement. PDVSA has assigned an investigation committee to determine the causes […]