(Bloomberg, 30.Mar.2020) — The Kremlin’s sudden shift of ownership of multi-billion-dollar oil projects in Venezuela shields oil giant Rosneft PJSC from further U.S. sanctions but keeps Moscow firmly behind embattled...
(Reuters, 28.Mar.2020) — Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on Saturday after the cargoes were...
(S&P Global Platts, 28.Mar.2020) — Russia's largest crude producer Rosneft said Saturday it is ceasing operations in Venezuela and selling all assets related to activities there. "Today [Saturday], Rosneft entered...
(Rosneft, 28.Mar.2020) — Rosneft announces the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft concluded an agreement with the...
(Reuters, 27.Mar.2020) — Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary export destination as the virus...
(Citgo, 26.Mar.2020) — The Simón Bolívar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small grants program to help alleviate...
(Argus, 24.Mar.2020) — Some gasoline is trickling into Venezuela, while a few crude cargoes are still getting out, but the volumes and revenue are dwarfed by the US-sanctioned country's dire...
(Reuters, 24.Mar.2020) — A price war between the world's oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances of output cuts and investment...
(Reuters, 24.Mar.2020) — Mexico's Libre Abordo and a related company plan to take some 15 million barrels of Venezuelan crude as part of a first oil-for-food contract with President Nicolas...
(WSJ, 22.Mar.2020) — The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American officials say is a new...
(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...
(Reuters, 20.Mar.2020) — Spot sales of Latin America's heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices that left some heavy grades...
(Energy Analytics Institute, Piero Stewart, 19.Mar.2020) — The US calls for humanitarian release of wrongfully detained Americans in Venezuela. https://twitter.com/statedeptspox/status/1240619170338922502 © Energy Analytics Institute (EAI). All Rights Reserved. ***
(ABC News, 16.Mar.2020) — Nicolás Maduro’s government on Monday banned gasoline sales in two states as part of a broader lock-down to stem panic buying by Venezuelans accustomed to hoarding...
(Oilprice.com, 13.Mar.2020) — The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude...
(Energy Analytics Institute, Piero Stewart, 12.Mar.2020) — Venezuela’s President Nicolas Maduro has suggested that members of OPEC and OPEC+ return to discussions about balancing the oil market. "Let us seek...
(Argus, 12.Mar.2020) — A presidential commission tasked with reorganizing Venezuela's state-owned PdV is sowing confusion among the oil company's joint venture partners over who is running the firm after chief...
(TASS, 12.Mar.2020) — Venezuelan authorities are discussing the situation with the oil price collapse with OPEC and Russia, President Nicolas Maduro said on Thursday at a press conference broadcasted in...
(Argus, 10.Mar.2020) — Venezuelan state-owned PdV's PetroPiar joint venture with Chevron suspended upgrading operations following a pipeline explosion early today, three oil workers at the facility tell Argus. The plant...
(Reuters, 10.Mar.2020) — Venezuela’s oil company PDVSA is this week offering discounts of up to $23 per barrel on its flagship crude, traders said, as a collapse in global oil...
(Argus, 10.Mar.2020) — Venezuela's US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to focus on slowing the spread...
(Argus, 9.Mar.2020) — Latin America's bold plans to tap deepwater, unconventional and heavy oil reserves — already under pressure by coronavirus in key demand markets — face an even greater...
(Argus, 9.Mar.2020) — Venezuelan state-owned PdV named a new head of its shipping unit following 38 arrests over alleged fuel theft. PdV Marina's new president is Cesar Vladimir Romero Salazar,...
(Energy Analytics Institute, Piero Stewart, 7.Mar.2020) — Venezuela's government has arrested numerous oil sector workers for presumably providing confidential information to the US government as well as participating in fuel...
(Energy Analytics Institute, Piero Stewart, 7.Mar.2020) — Venezuela has established a new Presidential Commission which aims to defend and safeguard the interest of state oil company Petróleos de Venezuela Sociedad...
(Reuters, 7.Mar.2020) — At least 38 workers from Venezuela’s state oil company Petroleos de Venezuela’s, including the president of maritime subsidiary PDV Marina, were detained on accusations of trafficking fuel,...
(FT, 7.Mar.2020) — There have been enough false dawns in Venezuela to deter any confident predictions but a series of developments — all energy related — suggest that 2020 could...
(Reuters, 6.Mar.2020) — The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s...
(AFP, 2.Mar.2020) — Venezuela said Monday it had arrested two officials from state oil company PDVSA for providing the US with “strategic and sensitive” details of its sanctions-hit oil operations....
(Reuters, 2.Mar.2020) — Venezuela’s oil exports rose 9% in February from the previous month, as some buyers rushed to take cargoes ahead of the expiration of a wind-down period as...
(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) — Venezuela’s President Nicolas Maduro revealed key executive changes within state oil company Petroleos de Venezuela (PDVSA) in an announcement published in the country’s...
(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) — The Petroboscán joint venture, which partners Venezuelan Petroleum Corporation (CVP) and Chevron Corp., is advancing with a management and optimization project related to...
(IAD, 28.Feb.2020) — At the dawn of the 1920s, Venezuela had drilled its first oil wells and was just two years away from the eruption of almost a million barrels...
(Citgo, 28.Feb.2020) — Citgo Petroleum Corporation confirms that the Gerd Knutsen and its crew have safely reached international waters, and that the Company intends to pursue the Maduro regime, and...
(Reuters, 22.Feb.2020) — Members of a committee tasked with overhauling Venezuelan state oil firm Petróleos de Venezuela, S.A., or PDVSA, asked the company's vice presidents on Friday to offer their...
(Energy Analytics Institute, Piero Stewart, 22.Feb.2020) — The Boquerón joint venture, comprised of state oil company Petróleos de Venezuela, SA (PDVSA) and Russian oil company Rosneft, is incorporating artificial gas...
(Bloomberg, 21.Feb.2020) — President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options in the country, including a...
(Energy Analytics Institute, Piero Stewart, 20.Feb.2020) — In order to generate its own electricity, the PetroMonagas joint venture incorporated use of an electric turbo generator (TG2) at its upgrader at...
(Argus, 20.Feb.2020) — Venezuela's embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company that channels most Venezuelan crude...
(Reuters, 19.Feb.2020) — Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country's beleaguered oil industry, which will be led by Vice President...
(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up...
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated threats facing non-U.S. firms and...
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated threats facing non-U.S. firms and...
(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up...
(AP, 19.Feb.2020) — Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduro’s government of “forced disappearance” after the men were inexplicably missing for the scheduled...
(S&P Global Platts, 18.Feb.2020) — The Trump administration's decision to sanction Rosneft's trading arm Tuesday may be a sign that Chevron's waiver allowing it to continue its work in Venezuela...
(Reuters, 18.Feb.2020) — The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration has said provides...
(Rosneft, 18.Feb.2020) — The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of legal abuse. Rosneft has been...
(AP, 18.Feb.2020) — In October 2016, the head of Russia’s largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains of Venezuela, to unveil a...
(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the US Gulf Coast, an outcome...
(S&P Global Platts, 14.Feb.2020) — Venezuela's state owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company...
(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...
(The Globe and Mail, 13.Feb.2020) — In terms of its trademark nationalist approach to its economy – the crown jewel of which has long been the country’s oil industry –...
(Argus, 11.Feb.2020) — Juan Guaido is finally returning to Caracas today, with a vow to dislodge the “usurper” so he and his team of exiles can Make Venezuela Great Again....
(Citgo, 11.Feb.2020) — Citgo Petroleum Corporation announced the appointment of Jack Lynch as the company’s new Chief Compliance & Ethics Officer. Lynch will continue to serve as the Vice President...
(Argus, 10.Feb.2020) — US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining...
(Argus, 28.Feb.2020) — Venezuela's PdV has exhausted its storage capacity and is now considering digging open-air pits to hold swelling stocks that US sanctions are keeping off the export market,...
(Office of the PM of Trinidad and Tobago, 7.Feb.2020) — Trinidad and Tobago’s Prime Minister the Honourable Keith Rowley provided details related to the agreement for the development of the...
(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela is how our interests are...
(Reuters, 4.Feb.2020) — Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power....
(Office of the PM of Trinidad and Tobago, 4.Feb.2020) — The Government will independently develop the natural gas from the Loran-Manatee field on Trinidad and Tobago’s side of the maritime...
(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of United...
(Ecopetrol, 3.Feb.2020) — Ecopetrol S.A. reports that having completed all legal and accounting analyses regarding the ruling issued by the Supreme Court of Justice dated October 30, 2019, reported by...
(Reuters, 28.Jan.2020) — A group of Venezuelan lawmakers backed by the ruling Socialist Party are exploring ways to increase the participation of private companies in the OPEC nation's oilfields, one...
(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of its oil industry to big...
(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in...
(S&P Global Platts, 27.Jan.2020) — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana Refining Center (CRP), the largest...
(Energy Analytics Institute, Aaron Simonsky, 24.Jan.2020) — PDVSA PetroPiar President Gabriel Carmona and executives from the mixed company’s management team help meetings to discuss ways to accelerate administrative and operational...
(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign to unseat President Nicolas Maduro....
(Oilprice.com, 19.Jan.2020) — There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key to controlling everything now lies...
(Argus, 17.Jan.2020) — Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a fourth waiver late yesterday from...
(Argus, 16.Jan.2020) — Venezuela kicked off the new year with at least 730,000 b/d of crude exports, led by several India-bound cargoes, according to local and international shipping data obtained...
(Bloomberg, 16.Jan.2020) — Some buyers of Venezuelan crude oil have halted purchases after the country started demanding payment of port fees in its failed cryptocurrency. Exports of at least 1...
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged a diminishing role largely due...
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged a diminishing role largely due...
