(Reuters, 10.May.2021) — Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to...
(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s rising crude oil production and tactical hedges in place by Colombia’s Ecopetrol. Venezuela’s Oil...
(AP, 5.May.2021) — A former Venezuelan oil executive was sentenced to more than two years in prison for taking at least $12 million in bribes from businessmen who allegedly raided...
(Argus, 4.May.2021) — Venezuela's government has incorporated the political opposition into its electoral board, another olive branch that puts pressure on the US administration to ease sanctions. But President Joe...
(Reuters, 1.May.2021) — Venezuela's April oil exports were flat at about 700,000 barrels per day (bpd) for the third month in a row, with three-quarters of its shipments headed to...
(Reuters, 30.Apr.2021) — Three Cuban-flagged tankers that are under U.S. sanctions for transporting Venezuelan oil to the Communist-run island have been serviced in the port of Veracruz on Mexico’s Gulf...
(Fitch Ratings, 8.Apr.2021) — Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at 'B' and CITGO Holding (Holdco) at 'CCC+', Opco's senior secured term loans,...
(Argus, 8.Apr.2021) — Venezuelan crude production fell back in early April after state-owned PdV diverted limited diluent and light crude from Orinoco heavy oil operations to its recovering refining sector....
(Reuters, 8.Apr.2021) — A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for...
(Energy Analytics Institute, 5.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s President Nicolas Maduro announces the start of another 7+7 quarantine rotation and Peru eyes...
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Russia and Venezuela strengthening their cooperation and Argentina’s state oil producer YPF eyeing shareholders’ meeting...
(Reuters, 28.Mar.2021) — Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about how such a scheme would...
(Reuters, 22.Mar.2021) — A unit of Venezuelan state oil company PDVSA on the Dutch Caribbean island of Bonaire has declared bankruptcy, citing the impact of U.S. sanctions on Venezuela, a...
(Energy Analytics Institute, 21.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela state oil giant denouncing an attack on a pipeline in Monagas state and EP...
(Bloomberg, 19.Mar.2021) — Inside a chic lounge, oil lobbyists and executives rub shoulders as Spanish, French and Italian can be heard in the halls. This isn’t the ZaZa boutique hotel in Houston,...
(Petrobras, 18.Mar.2021) — Petrobras, pursuant to CIRCULAR LETTER/CVM/SEP/No.01/2021, reports that it has received the nomination of candidate Pedro Rodrigues Galvão de Medeiros for the Board of Directors, in case multiple...
(Reuters, 17.Mar.2021) — Six executives of U.S. refiner Citgo have been jailed in Caracas on graft charges since 2017, but court documents seen by Reuters show that top Venezuelan officials...
(Energy Analytics Institute, 16.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Bolivia and Venezuela including Ambar executives seeking a deal for piped gas from Bolivia’s YPFB, PDVSA...
(Energy Analytics Institute, 15.Mar.2021) — Energy briefs from the Latin America and Caribbean regions Argentina, Colombia and Venezuela including: Tenaris snatches up Baker Hughes Argentina, YPF raises fuel prices again,...
(Argus, 12.Mar.2021) — Venezuelan state-owned PdV suspended gasoline production at its 305,000 b/d Cardon refinery this week as a result of more equipment breakdowns. Cardon was producing about 45,000 b/d...
(Bloomberg, 11.Mar.2021) — Welcome to Venezuela’s new gasoline stations: They boast digital fuel pumps and high-end, imported liquor. They’re plastered in fresh coats of bright yellow and red paint. And...
(Reuters, 1.Mar.2021) — Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes...
(By Francisco Dallmeier and Cristina V. Burelli, 22.Feb.2021) — The political and economic ruin of Venezuela, once one of Latin America’s wealthiest countries, is by now a well-known story. Far...
(Council on Foreign Relations, Elliott Abrams, 18.Feb.2021) — As part of the broad economic sanctions against the Maduro regime in Venezuela and especially the petroleum sector, the Trump administration barred...
(Forbes, 18.Feb.2021) — In Houston, TX, the Energy Capital of the World, I have been without power and running water for three days. I and millions of other Texas residents...
(Energy Analytics Institute, 13.Feb.2021) — China and Russia continue to push around their might in Venezuela. Thomas O’Donnell with the Hertie School of Governance & Freie Universität-Berlin weighs in briefly...
(OHCHR, 12.Feb.2021) — The UN Special Rapporteur on unilateral coercive measures and human rights, Alena Douhan, today urged the United States, European Union and other States to drop unilateral sanctions...
(OHCHR, 12.Feb.2021) — The United Nations Special Rapporteur on the negative impact of unilateral coercive measures on the enjoyment of human rights, Ms. Alena Douhan, visited the Bolivarian Republic of...
(Energy Analytics Institute, 11.Feb.2021) — The US, despite recent presidential elections and a drastic change of leadership from the top down, continues in pursuit of “free and fair” elections in...
(Energy Analytics Institute, 10.Feb.2021) — Venezuelan briefs related to the departure of oil tankers Era and Explorer from PDVSA's Amuay refinery in Punto Fijo and Venezuela’s participation in recent OPEC+...
(IOA, 10.Feb.2021) — China is broadening its presence in Latin America's energy and strategic minerals sectors, posing challenges to the regional countries themselves as well as to the United States,...
(Energy Analytics Institute, 30.Jan.2021) — Venezuelan sugarcane growers in the country’s central Portuguesa state are at risk of losing the opportunity to harvest an estimated 762 hectares of the cane...
(Energy Analytics Institute, 29.Jan.2021) — The president of the Ad Hoc Board of Petróleos de Venezuela (PDVSA) called US-based refiner Citgo Petroleum the “crown jewel” of the company’s international assets....
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than...
(Reuters, 26.Jan.2021) — Venezuelan state oil company PDVSA’s inventories of its main export crude grade dipped this week to their lowest levels since late November, internal company documents seen by...
(Energy Analytics Institute, 23.Jan.2021) — Workers with PDVSA Gas, a subsidiary of Petróleos de Venezuela (PDVSA) controlled a gas leak in the Barbacoas sector of the city of Barcelona located...
(Bloomberg, 22.Jan.2021) — It may be the oil market’s worst-kept secret: Millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse...
(Argus, 20.Jan.2021) — The new US administration is considering whether to reinstate Venezuelan crude-for-diesel swaps and ease a key sanctions waiver, but policy reversals alone would not be enough to...
(Energy Analytics Institute, 19.Jan.2021) — US Treasury Department's Office of Foreign Asset Control, or OFAC, slapped sanctions on three individuals, 16 companies and seven vessels for their alleged ties to...
(US Treasury, 19.Jan.2021) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals, fourteen entities, and six vessels for their ties to a...
(Reuters, 18.Jan.2021) — Venezuelan authorities issued an arrest warrant for a new member of the board of directors of U.S.-based refining firm Citgo Petroleum Corp named by the opposition this...
(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...
(Energy Analytics Institute, 15.Jan.2021) — Venezuela’s leader Nicolás Maduro reiterated earlier claims that US President Donald Trump ordered the sabotage of the OPEC country’s Amuay and Cardón refineries in Punto...
(Reuters, 14.Jan.2021) — Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA while pocketing part of the...
(Xinhua, 14.Jan.2021) — Venezuela's National Assembly on Thursday established a Special Commission for Dialogue, Peace and National Reconciliation, made up of ruling coalition and opposition legislators, to resolve the economic...
(Energy Analytics Institute, 12.Jan.2021) — Venezuela’s President Nicolas Maduro, during his annual speech to the nation on 12 January 2021, announced the OPEC country was eyeing oil production of 1.5...
(Energy Analytics Institute, 11.Jan.2021) — OPEC’s voluntary crude oil production levels for the months of January, February, and March. OPEC_Voluntary-Production-LevelsDownload __________ By Ian Silverman. © Energy Analytics Institute (EAI). All...
(MEHR, 10.Jan.2021) — Tankertrackers reported that the Iranian oil and gasoline tankers have reached near Syria and Venezuela. According to Tankertrackers, an Iranian tanker carrying two million barrels of crude...
(EU Council, 6.Jan.2021) — The Venezuelan elections of 6 December 2020 for the National Assembly regrettably went ahead without a national agreement on electoral conditions. The European Union considers that...
(Argus, 6.Jan.2021) — The EU and the Lima Group of Latin American countries and Canada have implicitly dropped support for Venezuelan opposition leader Juan Guaido as Venezuela's interim president, portending...
(Energy Analytics Institute, 5.Jan.2021) — Venezuela’s new National Assembly, elected in parliamentary elections on 6 December 2020, assumed power today in Caracas. Jorge Rodriguez will take over as the leader...
(Energy Analytics Institute, 5.Jan.2020) — Elías Matta will retain his post as the president of the energy and petroleum commission of the National Assembly, sources in Caracas tell Energy Analytics...
(Reuters, 4.Jan.2021) — Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run...
(Insider Monkey, 2.Jan.2021) — In this article we are going to list the 20 companies that are the biggest polluters in the world. Click to skip ahead and jump to...
(Energy Analytics Institute, 31.Dec.2020) — Briefs from Venezuela related to Halliburton layoffs and the year end message from Petróleos de Venezuela (PDVSA) President Asdrúbal Chávez. Halliburton Lays Off Workers Halliburton...
(Energy Analytics Institute, 29.Dec.2020) — Houston-based refiner Citgo Petroleum, owned by Venezuela's state oil and gas company Petróleos de Venezuela (PDVSA), continues to benefit from US legal actions to extend...
(Reuters, 29.Dec.2020) — In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to...
(AFP, 23.Dec.2020) — Venezuela's vital oil industry is failing and the socialist government is feeling the pressure, and now the regime of President Nicolas Maduro is being accused of lashing...
(Reuters, 22.Dec.2020) — Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data...
(Argus, 21.Dec.2020) — ExxonMobil reached targeted crude production of 120,000 b/d at the Liza 1 well on Guyana's deepwater Stabroek block, a milestone that had been delayed by an earlier...
(AP, 18.Dec.2020) — The United Nations’ highest court ruled Friday that it will intervene to settle a decades-old border dispute between South American neighbors Guyana and Venezuela. The decision by...
(Bloomberg, 18.Dec.2020) — President-elect Joe Biden’s advisers are preparing to negotiate with Nicolas Maduro’s regime in Venezuela in an effort to end the Western Hemisphere’s worst economic and humanitarian crisis,...
(Bloomberg, 15.Dec.2020) — Tropical rains have washed away most outward traces of the oil spill that ravaged Rio Seco this fall. But the fishing village in the shadow of Venezuela’s...
(Reuters, 14.Dec.2020) — A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the two countries'...
(Reuters, 11.Dec.2020) — Venezuela's Oil Minister Tareck El Aissami said on Friday that authorities had disrupted a plan to attack Venezuela's 146,000-barrel-per-day (bpd) El Palito refinery, and had arrested two...
(Argus, 10.Dec.2020) — PdV has restarted a crude distillation unit at its 190,000 b/d Puerto La Cruz refinery for the first time since 2017, but as with the Venezuelan state-owned...
(Citgo, 10.Dec.2020) — NGOs and other private philanthropic groups are increasingly critical in helping address the deteriorating humanitarian crisis in Venezuela, according to three diverse panels of leading experts recently...
(Energy Analytics Institute, 9.Dec.2020) — Crude oil production from OPEC member Venezuela is expected to average 600,000 barrels per day in 2021, according to new estimates revealed by Ecoanalitica. The...
(US State Department, 8.Dec.2020) — The United States continues to support Interim President Juan Guaidó, the National Assembly, and the Venezuelan people in their struggle to restore democracy in their...
(US Senate, 7.Dec.2020) — US Senator Jim Risch (R-Idaho), chairman of the Senate Foreign Relations Committee, released the following statement on yesterday’s fraudulent congressional elections in Venezuela: “The Maduro regime’s...
(Argus, 7.Dec.2020) — Venezuela's opposition-controlled National Assembly named another oil industry veteran to chair a shadow board of Venezuela's national oil company PdV. The key appointment comes on the eve...
(Argus, 7.Dec.2020) — Venezuela's National Assembly elections yesterday thrust the Opec country's last democratic institution under the thumb of President Nicolas Maduro, who has defied US oil sanctions for close...
(Al Jazeera, 6.Dec.2020) — Venezuelans voted on Sunday in legislative elections set to tighten President Nicolas Maduro’s grip on power and weaken his US-backed rival, Juan Guaido, who is leading...
(Energy Analytics Institute, 6.Dec.2020) — Venezuela’s National Assembly leader and Interim President Juan Guaido could be coming to the end of his short two-year reign this 6 December 2020 as...
(Energy Analytics Institute, 5.Dec.2020) — Rumors are that Iranian businesspersons and their companies are in the process of taking over operations at Venezuela’s six refineries while also looking to do...
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