HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Oct.2024, Words: 520) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 […]
Category: Venezuela
Venezuela energy
Citgo Auction in Jeopardy as Bondholders Pursue Claims
(Reuters, 9.Oct.2024) â Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to […]
Ecopetrol Says Importation of Venezuela Gas Viable
(Energy Analytics Institute, 4.Oct.2024) â Ecopetrol SA president Ricardo Roa has analyzed the natural gas deficit in Colombia and stressed that the reactivation of Venezuelan […]
LatAmNRG matters, highlights, heard: Argentina LNG, $7.3bn Amber-Citgo deal
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 4.Oct.2024, Words: 423) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended […]
Idea of Colombia Importing Gas from Venezuela ‘Big Distraction,’ Ex-minister Says
(Reuters, 2.Oct.2024) â Debate in Colombia over the possibility of importing gas from Venezuela “has been a big distraction” amid concerns about Colombia’s future energy […]
Citgo Share Auction Creditors Oppose Terms of Amber Energy Bid
(Reuters, 1.Oct.2024) â Creditors seeking proceeds from an auction of shares in a parent of Citgo Petroleum to repay them for Venezuela’s expropriations and debt defaults on […]
Exxon Director Joins Elliott Seeking to Acquire Citgo Petroleum
(Reuters, 28.Sep.2024) â Exxon Mobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil […]
ConocoPhillips Gets Judge to Approve Seizing of Payments to PDVSA
(Reuters, 27.Sep.2024) â ConocoPhillips on Friday got a Trinidad court to approve the seizing of payments from the Caribbean country to Venezuela’s state oil company […]
Amber Energy Selected to Acquire Citgo
(Amber Energy, 27.Sep.2024) â Amber Energy Inc. has been selected as the acquirer of PDV Holding, Inc., the parent of Citgo Petroleum Corporation, by Robert Pincus, […]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 27.Sep.2024) â LatAm NRG highlights, headlines and “heard on the street,” for the week ended 27 Sep. 2024. âArgentina: Petronas is rumored […]
FTC set to greenlight Chevron’s $53bn buy of Hess
HOUSTON, TEXAS (By Reuters, 24.Sep.2024, Words: 429) â The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron‘s purchase of Hess as […]
US Court Officer Moves to Block Creditors from Derailing Citgo Auction
(Reuters, 9.Sep.2024) â U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in the […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) â The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab […]
A Month After Venezuelaâs Contested Election, the Opposition Fights On
(The Washington Post, 27.Aug.2024) â A month ago, Venezuelaâs opposition nurtured a cautious hope. A national election seemed to present a genuine chance to oust the […]
Chevron Reports 2Q:24 Earnings, to Move HQ to Houston
(Chevron, 2.Aug.2024) â Chevron Corporation reported earnings of $4.4bn ($2.43 per share – diluted) for second quarter 2024, compared with $6bn ($3.20 per share – diluted) […]
Election Results in Venezuela, Possible Routes Forward
(Rystad, 29.Jul.2024) âWhile the election in Venezuela may be over, the future is still not certain. There was a forgone conclusion that the incumbent government […]
Polls Open in Venezuelan Election That Could Lead to Seismic Shift
(AP, 27.Jul.2024) â Venezuelans are voting Sunday in a presidential election whose outcome will either lead to a seismic shift in politics or extend by six more […]
Repsol Reveals New Share Buyback, Updates on Venezuela
(Repsol, 26.Jul.2024) â Repsol posted net income of âŹ1.626bn in the first half of 2024, up 14.5%, a period marked by the presentation and implementation of […]
Scientists: Epoch Marked by human impact â the Anthropocene â Began in 1950s
(AP, 11.Jul.2024) â From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since […]
Energy Chamber Welcomes Manatee FID
(Energy Chamber, 9.Jul.2024) â The Energy Chamber of Trinidad & Tobago warmly welcomes the news that the final investment decision (FID) has been taken by Shell […]
Shell takes FID at Manatee in Trinidad and Tobago
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Jul.2024, Words: 538) â Shell Trinidad and Tobago Ltd., a subsidiary of Shell plc, has taken […]
Black & Veatch Delivers Feasibility Study for Andes Energy LNG Terminal
(Black & Veatch, 7.Jun.2024) â Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy […]
Oil tycoon gets license to continue buying asphalt from Venezuela
CARACAS, VENEZUELA (Nicolle Yapur, Bloomberg, 27.May.2024) â US energy magnate Harry Sargeant III secured a license to continue importing asphalt from Venezuela without breaching US […]
Up to 50 Firms Seek U.S. Oil Licenses in Venezuela, Official Says
(Reuters, 23.May.2024) â The U.S. has received up to 50 requests for individual licenses from companies aiming to do business in Venezuela’s oil industry, following the expiration of a […]
Poland Hunts for $330mn of Orlen Payments for Venezuela Oil
(Reuters, 14.May.2024) â A Swiss unit of Polish refiner Orlen paid two Dubai-based intermediary companies $330 million for Venezuelan oil, but Venezuela’s state oil company […]
Citgo Petroleum Reports 1Q:24 Results
(Citgo, 9.May.2024) â Citgo Petroleum Corporation reported its 2024 first quarter financial and operational results. Historically favorable refining margins and strong asset reliability led to […]
LNG Energy Group on Results, Venezuela
(LNG Group, 30.Apr.2024) â LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) announced its financial and operating results for the year ended […]
EAIâs NRGBriefs: April 2024
(Energy Analytics Institute, 30.Apr.2024) â Energy briefs as well as others related to finance and projects during April 2024 including ExxonMobil, Hess and CNOOC announcing […]
Broken Promises: US Oil Sanctions and Venezuela
(Rystad Energy, 29.Apr.2024) â For President Joe Biden, the situation in Venezuela remains a fly in the ointment, weighing on the administrationâs energy and foreign […]
Chevron Reveals 1Q:24 Results
(Chevron, 26.Apr.2024) â Chevron Corporation (NYSE: CVX) reported earnings of $5.5bn ($2.97/share – diluted) for first quarter 2024, compared with $6.6bn ($3.46/share – diluted) in first […]
LNG Energy Inks Productive Participation Contracts in Venezuela
(LNG Energy Group, 24.Apr.2024) â LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) announced that its wholly-owned subsidiary, LNGEG Growth I […]
Billionaire Texas Oilman Inks Deal with PDVSA as US Sanctions Loom
(AP, 24.Apr.2024) â A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuelaâs state-owned oil company to rehabilitate five aging oil […]
Potential Sour Crude Deficit Looming in the Gulf
(BTU Analytics, 23.Apr.2024) â Historically, more than half of Mexicoâs heavy sour crude oil exports, mostly Maya blend, end up in the U.S., which is […]
US Reimposes Venezuela Oil Sanctions
(Argus, 17.Apr.2024) â The US administration today reimposed sanctions targeting Venezuela’s oil exports and energy sector investments and set a deadline of 31 May for […]
Expiration of US Oil License to Venezuela to Impose a Ceiling on Output Growth
(Reuters, 17.Apr.2024) â The expiration of the widest U.S. license so far granted to Venezuela’s oil and gas industry will put a ceiling on the South […]
June Deadline set for Citgo Auction Bids
(Argus, 17.Apr.2024)Â â Bidders for Citgo‘s US refining assets have until 11 June to submit offers for the company’s 805,000 b/d of refining capacity and […]
OFAC Issues GL44A to Replace GL44 in Venezuela
(Energy Analytics Institute, 17.Apr.2024) â The U.S. Office of Foreign Assets Control (OFAC) issued General License 44A, which supersedes and replaces General License 44, and […]
Negotiations Fail to Renew Venezuela Sanctions Relief License
(S&P Global, 17.Apr.2024) â A few hours before the expiration of a temporary oil and gas sanctions relief license, the governments of Venezuela and the […]
US Not to Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
(Reuters, 15.Apr.2024) â The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas […]
BP in Talks to Sell Some Trinidad Upstream Gas Assets to Perenco
(Reuters, 8.Apr.2024)Â â BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, […]
Venezuelan Production with US Sanctions Not Reimposed, Reimposed: Rystad
(Rystad Energy, 4.Apr.2024) â As the deadline for US sanctions relief on Venezuela ends on 18 Apr. 2024, the outlook for the South American nationâs […]
Venezuela’s Parliament Approves Creation of State in Disputed Oil-Rich Essequibo
(AFP, 23.Mar.2024) â Caracas has long laid claim to Essequibo, which makes up about two-thirds of Guyana’s territory, but started taking active steps to retrieve the […]
Chevron Venezuela Manager Jailed Amid Crackdown on Govât Critics
(AP, 23.Mar.2024) â A former fighter pilot jailed in Venezuela in February for his ties to a prominent human rights attorney is an employee of […]
Trinidad Seeks US License for BP Gas Project Shared with Venezuela
(Reuters, 21.Mar.2024) â The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of […]
Maria Corina Machado faces deadline in race against Maduro
(AP, 16.Mar.2024, Words: 1,120) â Itâs her choice â but one on which the hopes of millions of Venezuelans fighting to restore their democracy depends. […]
Venezuela, MEEI, NGC, and bpTT discuss Manakin/Cocuina field
HOUSTON, TEXAS (Energy Analytics Institute, 14.Mar.2024) â Parties from Trinidad and Tobago and Venezuela met in Caracas, Venezuela on 13 Mar. 2024 to commence engagement, […]
Hess Updates Employees on Chevron Merger
(Hess, 7.Mar.2024)Â â Today, ExxonMobil announced that it is filing for arbitration regarding the applicability of a right of first refusal (ROFR) / pre-emption provision in […]
Exxon Signals Potential Counter Offer for Hess’s Guyana Assets
(Reuters, 6.Mar.2024)Â â Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim related to Hess Corp‘s proposed sale of its Guyana oil properties, […]
Petrowarao Reactivates A-162 Gas Condensate Well in Zulia
(Energy Analytics Institute, 29.Feb.2024)Â â The mixed company Petrowarao, S.A. reactivated the A-162 gas condensate well in Zuila state in western Venezuela. The achievement was possible […]
PDVSA and Chevron oversee Petropiar safety operations
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Feb.2024, Words: 140)Â â Executives with state-owned PetrĂłleos de Venezuela, S.A. (PDVSA) and Chevron Venezuela supervised safety operations […]