(Energy Analytics Institute, 6.Jul.2022) — Energy briefs including the closure of PDVSA Vassa, formerly Venoco, leaving nearly a thousand workers in uncertainty; and the release […]
Category: Venezuela
Venezuela energy
US Investors Form JV to Pursue Oil and Gas Projects in Venezuela
(Reuters, 5.Jul.2022) — Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration […]
Amos Global Energy and Gramercy Announce a JV with Inepetrol in Venezuela
(Gramercy Funds Management, 5.Jul.2022) — Gage Venezuela Holdings LLC, a recently created partnership between Amos Global Energy Management LLC (“Age”) and Gramercy Funds Management LLC […]
US Officials Return to Venezuela Amid Gas Price Hike
(AP, 27.Jun.2022) — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with […]
![The Simón Bolívar Foundation Releases 2021 Annual Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/08/ven-citgo-simon-bolivar-fundacion-annual-rpt-2021.jpg)
The Simón Bolívar Foundation Releases 2021 Annual Report [PDF Download]
(Citgo, 27.Jun.2022) — The Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, released its 2021 Annual Report. The Foundation is dedicated […]
NRGBriefs: OFAC Takes Former PDVSA VP off SDN List; Bristow to Ring Opening Bell
(Energy Analytics Institute, 17.Jun.2022) — Energy briefs including the US Department of Treasury announcing the removal of former PDVSA Vice President Carlos Erik Malpica Flores […]
US to Allow Venezuelan oil to be Shipped to Europe: Report
(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on […]
US to Let Eni, Repsol Ship Venezuela Oil to Europe, Reuters Says
(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up […]
PDVSA Extends Diesel Sales in Dollars, Cutting Subsidy
(Reuters, 30.May.2022) — Venezuela’s state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers […]
NRGBriefs: Petro and Hernández Lead Colombian Presidential Elections
(Energy Analytics Institute, 29.May.2022) — Energy and political briefs including initial results in Colombia showing Gustavo Petro and his running mate Francia Márquez Mina, representing […]
NRGBriefs: Colombian Presidential Elections; OFAC Extends Chevron License
(Energy Analytics Institute, 27.May.2022) — Energy and political briefs including Colombians going to the polls to elect their next president; OFAC extending Chevron Corporation‘s license […]
US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms
(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely […]
NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to […]
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference […]
Citgo Reports 1Q:22 Net Income of $245mn
(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and […]
US Moves to Ease a Few Economic Sanctions on Venezuela
(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations […]
US to Ease Some Energy Sanctions on Venezuela
(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, […]
Venezuela Petroleum Chamber President Quintero on the Oil Sector
(Energy Analytics Institute, 16.May.2022) — Venezuela Petroleum Chamber President Reinaldo Quintero spoke with Venezuelan media outlet Globovision on 16 May 2022 about US sanctions imposed […]
NRGBriefs: Venezuela Share Offerings; Sempra Dividend
(Energy Analytics Institute, 12.May.2022) — Energy briefs including Venezuela’s President Nicolás Maduro looking to offer between 5%-10% of the shares of public companies and “empresas […]
NRGBriefs: YPF Reports Strong 1Q:22 Results; Ecopetrol Growth
(Energy Analytics Institute, 11.May.2022) — Energy briefs including Argentina’s state-owned YPF delivering strong results during the 1Q:22 and again achieving higher hydrocarbon production; Ecopetrol CEO […]
Stephen McNabb Appointed Citgo Treasurer
(Citgo, 11.May.2022) — Citgo Petroleum Corporation named Stephen McNabb the company’s new Treasurer, where he will oversee liquidity management and the company’s capital structure, manage financial risk and […]
OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader
(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General […]
OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex
(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical […]
NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down
(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and […]
OPEC’s Mohammad Barkindo Visits Venezuela
(Energy Analytics Institute, 7.May.2022) — OPEC (Organization of Petroleum Exporting Countries) Secretary General Mohammad Barkindo arrived in Caracas, Venezuela, on 6 May 2022 for a […]
NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58
(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant Petróleo Brasileiro S.A. (Petrobras) reporting earnings before interest, taxes, depreciation and amortization of […]
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 […]
NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico
(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing […]
Iranian Oil Minister Meets Venezuela’s President Maduro in Caracas
(AFP, 3.May.2022) — Iran’s oil minister has paid an official visit to ally Venezuela to meet President Nicolas Maduro and discuss ways to “overcome” the […]
Venezuela and Iran to Deepen Oil and Defense Ties
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss […]
Venezuelan Workers Celebrate May Day with President Maduro
(Energy Analytics Institute, 1.May.2022) — Venezuelan workers from across various sectors together with workers from the still important petroleum sector marched to Miraflores Presidential Palace […]
NRGBriefs: May Day Celebrations, No Expropriations Expected
(Energy Analytics Institute, 1.May.2022) — Energy briefs including Trinidad and Tobago’s Prime Minister Keith Rowley and Minister of Energy and Energy Industries Stuart Young visiting […]
FACT SHEET: Why it’s necessary to upgrade Venezuela’s heavy oils
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Apr.2022, Words: 108) — The purpose for upgrading Venezuela’s heavy and extra-heavy crude oil (EHCO) is to […]
NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with […]
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister Martín Guzmán saying that the country could generate around $15bn per year from exporting […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference […]
NRGBriefs: Argentina’s Finance Minister Martín Guzmán Meets with IMF Executive
(Energy Analytics Institute, 23.Apr.2022) — Energy and financial briefs including Argentina’s Finance Minister Martín Guzmán holding a wide ranging discussion in the US with International […]
FACT BOX: Venezuela’s Faja Contains 1,360 Billion Barrels of OOIP
(Energy Analytics Institute, 22.Apr.2022) — Venezuela is home to the Hugo Chávez Orinoco Heavy Oil Belt, also known as the Faja, which contains original oil […]
Wood Mackenzie Foresees Slow Production Recovery in Venezuela
(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ […]
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil […]
NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years
(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted […]
NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium […]
Open Letter to Joe Biden Regarding Venezuela
(Energy Analytics Institute, 14.Apr.2022) — Representatives of the Venezuelan private sector and civil society as well as US government representatives sent an open letter to […]
NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022
(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway […]
NRGBriefs: Trinidad’s Fuel Subsidy; Citgo Giusti Departure; “Almost Out of the Faja”
(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s […]
Biden’s Team is Divided Over New Talks About Oil with Maduro in Venezuela
(Miami Herald, 12.Apr.2022) — Divisions within the Biden administration over whether to continue talks with President Nicolás Maduro in Venezuela have deepened since a senior […]
Russia Emerges as World’s Most Sanctioned Country
(Energy Analytics Institute, 12.Apr.2022) — Russia is now the most sanctioned country in the world, after recently surpassing Iran, according to details released by Caracas-based […]
Citgo Chairman Luis Giusti (Jr.) Ousted After Less Than a Year in Job
(Bloomberg, 11.Apr.2022) — Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under […]