(Energy Analytics Institute, 28.Feb.2024) — Venezuela’s President Nicolás Maduro said he expects the economy of the Opec country to grow 8% in 2024. The president […]
Category: Venezuela
Venezuela energy
Repsol CEO Josu Jon Imaz comments on Venezuela situation, Cardon IV production
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 22.Feb.2024) — Repsol CEO Josu Jon Imaz commented on the Spanish company’s operations in Venezuela under Washington’s most recent […]
![Repsol Reveals Strategic 2024-2027 Update [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2022/05/53431_repsol-sede-cerca.jpg)
Repsol Reveals Strategic 2024-2027 Update [PDF Downloads]
(Repsol, 22.Feb.2024) — “Over the next four years we will stay the course on the strategy we presented in our previous plan to address the […]
MEEI Engages with Oil Spill Removal Experts
(MEEI, 20.Feb.2024) — In accordance with the National Oil Spill Contingency Plan (NOSCP), the Ministry of Energy and Energy Industries (MEEI) continues to collaborate with […]
PDVSA’s domestic refineries producing only around 230,000 b/d
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Feb.2024, Words: 130) — Venezuela’s state-owned oil giant Petróleos de Venezuela (PDVSA), which has a total processing capacity […]
ExxonMobil to explore in area disputed by Guyana and Venezuela
GEORGETOWN, GUYANA (AP, 7.Feb.2024, Words: 370) — ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast […]
FAQs: Suspension of Certain U.S. Sanctions with Respect to Venezuela
(OFAC, 2.Feb.2024) — Actions by Maduro and his representatives in Venezuela, including the arrest of members of the democratic opposition and the barring of candidates […]
EAI’s NRGBriefs: January 2024
(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy […]
![Petroleum sanctions in Venezuela: origins, scope and failures [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2025/05/female-worker-source-pdvsa.jpeg)
Petroleum sanctions in Venezuela: origins, scope and failures [PDF download]
CARACAS, VENEZUELA (Carlos Rossi, Energy Analytics Institute, 31.Jan.2024) — Although US sanctions imposed on Venezuelan individuals for corruption charges date as far back as the […]
US Warns Maduro of Sanctions Snap Back
(Energy Analytics Institute, 30.Jan.2024) — US State Department spokesperson Matthew Miller said there’s still time for the Nicolás Maduro regime in Venezuela to change course […]
OFAC on Wind Down of Transaction of CVG [PDF Download]
(Energy Analytics Institute, 29.Jan.2024) — The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 43A on 29 Jan. […]
![Petroleum sanctions in Venezuela [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/pdvsa-960x640-venezuela-latamnrg.jpg)
Petroleum sanctions in Venezuela [PDF download]
CARACAS, VENEZUELA (Energy Analytics Institute, 28.Jan.2024) — If the US experiences the return of Donald Trump as president, or if in Venezuela Maria Corina Machado’s […]
Venezuela Court Disqualifies Leading Opposition Candidate
(Al Jazeera, 27.Jan.2024) — Venezuela’s Supreme Justice Tribunal has upheld a ban which prevents presidential candidate Maria Corina Machado from holding office, upending the opposition’s […]
Venezuela: Arrests and Detentions of Opposition, Civil Society
(US State Department, 23.Jan.2024) — The United States is deeply concerned by the issuance of arrest orders and detentions against at least 33 Venezuelans, including […]
Trinidad in Talks with Europe to Supply Venezuelan Gas
(Reuters, 22.Jan.2024) — Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, […]
US Court Accepts $20.8bn in Claims Against Venezuela in Citgo Auction
(Reuters, 19.Jan.2024) — A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from […]
OFAC Updates on PDVSA Bond, Transactions [PDF Download]
(Energy Analytics Institute, 16.Jan.2024) — The US Office of Foreign Assets Control (OFAC) authorized certain transactions related to state-owned Petróleos de Venezuela, S.A.‘s 2020 8.5% […]
More Venezuela Creditors to Join Citgo Auction
(Reuters, 8.Jan.2023) — A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction […]
ONGC Videsh to Get Some Oil from Venezuela
(Reuters, 3.Jan.2023) — Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a […]
Venezuela’s 2023 Oil Exports Rose, Aided by US Sanctions Easing
(Reuters, 3.Jan.2023) — Venezuela’s oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since […]
EAI’s NRGBriefs: Dec. 2023
(Energy Analytics Institute, 31.Dec.2023) — Energy briefs as well as others related to finance and projects during Dec. 2023 including why Venezuela wants to annex […]
The Energy Chamber: Dragon Deal a Historic Achievement
(Trinidad and Tobago Energy Chamber, 22.Dec.2023) — The Ministry of Energy and Energy Industries has announced that the Bolivarian Republic of Venezuela has granted the […]
Trinidad Inks Gas Deal with Venezuela
(Trinidad and Tobago Ministry of Energy and Energy Industries, 22.Dec.2023) — Historic and unprecedented energy deals for Trinidad and Tobago that provide us with positive […]
Tice Family on Release of US Prisoners from Venezuela
(National Press Club, 21.Dec.2023) — Following is a statement via the National Press Club from the family of long-detained journalist Austin Tice, on the release of […]
Venezuela grants Dragon gas field license
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 20.Dec.2023) — The National Gas Company of Trinidad and Tobago (NGC) and Shell were granted a license for […]
Joint Declaration between Guyana and Venezuela
(CELAC, 14.Dec.2023) — On Thursday, 14 Dec. 2023, in Argyle, Saint Vincent and the Grenadines, His Excellency Irfaan Ali, President of the Co-operative Republic of […]
Guyana, Venezuela agree to not use force in Essequibo spat
(Reuters, 14.Dec.2023) — Guyana and Venezuela on Thursday agreed to avoid any use of force and to not escalate tensions in their long-running dispute over […]
Tensions Soar Between Guyana and Venezuela over Essequibo
(AP, 9.Dec.2023) — A century-old territorial dispute deepened by the discovery of oil is boiling over between neighbors Guyana and Venezuela. Steeped in patriotism, the Venezuelan government […]
Venezuela Issues Arrest Warrants for Opposition Staffers for Treason
(Reuters, 6.Dec.2023) — Venezuela’s attorney general on Wednesday said there are arrest warrants for three people involved in the campaign of opposition presidential nominee Maria […]
Chevron Reveals $16bn Capex Budget for 2024
(Chevron, 6.Dec.2023) — Chevron Corporation (NYSE: CVX) announced an expected organic capital expenditure range of $15.5bn to $16.5bn for consolidated subsidiaries (capex) and an affiliate […]
Secretary Blinken’s Call with Guyana’s President Irfaan Ali
(US Treasury, 6.Dec.2023) — Secretary of State Antony J. Blinken spoke with Guyanese President Dr. Mohamed Irfaan Ali to reaffirm the United States’ unwavering support […]
Maduro Orders Immediate Oil and Gas Exploration in Disputed Territory
(Voice of America, 6.Dec.2023) — Venezuelan President Nicolas Maduro has ordered state-owned oil, gas and mining companies to “immediately” begin operations in a wide territory […]
Venezuela Moves to Claim Guyana-Controlled Region
(BBC, 6.Dec.2023) — Venezuelan President Nicolás Maduro is plunging ahead with its plans to take over Essequibo, the oil-rich region controlled by neighbouring Guyana. He […]
Maduro to Permit Development in Disputed Territory
(Reuters, 5.Dec.2023) — Venezuelan President Nicolas Maduro said on Tuesday he would authorize oil exploration in an area subject to a dispute with Guyana, which […]
Venezuela votes on disputed Essequibo region
PANAMA CITY, PANAMA (Energy Analytics Institute, 4.Dec.2023) — Venezuelans voted in fair referendum claiming sovereignty over the Essequibo region, a disputed area on Venezuela’s eastern […]
Venezuela Wins Vote Claiming Part of Guyana
(AP, 4.Dec.2023) — Venezuelan President Nicolás Maduro got the victory he sought in a weekend referendum on whether to claim sovereignty over an oil-rich area […]
Venezuelans Vote on Sovereignty Over Part of Guyana
(CNBC, 4.Dec.2023) — Venezuelans on Sunday voted to claim sovereignty over a large swathe of their oil-rich neighbor Guyana, marking the latest escalation in a […]
Court Bars Venezuela from Altering Guyana’s Control over Essequibo
(AP, 1.Dec.2023) — The United Nations’ top court on Friday ordered Venezuela not to take any action that would alter Guyana’s control over a disputed territory, but […]
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. […]
On the Uses and Misuses of Venezuela Sanctions
(CSIS, 29.Nov.2023) — Over the last month, the Biden administration has presided over a sea change in U.S. policy toward Venezuela. The recent lifting of sanctions on […]
LatAm Upstream Opportunities and Challenges: WoodMac
(WoodMac, 24.Nov.2023) — With nearly 15 billion barrels worth of varied resources discovered in the region since the turn of the decade, the future looks […]
Corina Machado says Venezuela to end socialism: El Nacional
HOUSTON, TEXAS (Aaron Simonsky, Energy Analytics Institute, 24.Nov.2023, Words: 156) — Vente Venezuela national coordinator and opposition leader María Corina Machado said the next president […]
China Slows Venezuela Crude Buys
(Reuters, 23.Nov.2023) — The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China’s independent refiners, who are now holding off on […]
Venezuela Producing 850,000 bpd, Hopes to Recover US Market
(Reuters, 22.Nov.2023) — Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million bpd, the country’s […]
![The lifting of sanctions and the oil collapse of Venezuela [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The lifting of sanctions and the oil collapse of Venezuela [PDF download]
(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector […]
Citgo Exits 3Q:23 with Liquidity of $3.86bn
(Citgo, 9.Nov.2023) — Citgo Petroleum Corporation reported its 2023 third quarter financial and operational results. Highlights: Net income of $567mn and EBITDA 1 of $895mn, compared to net income of $380 mn and […]
![Maurel & Prom Inks Deal in Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/mp-pdvsa.png)
Maurel & Prom Inks Deal in Venezuela [PDF Download]
(Sempra, 8.Nov.2023) — Maurel & Prom signed a set of agreements with Venezuela’s state owned PDVSA for the immediate restart of the activity of M&P’s […]
ConocoPhillips Comments on Venezuelan-Related Progress
(Energy Analytics Institute, 2.Nov.2023) — ConocoPhillips chairman and CEO Ryan Lance updated the analyst community on the company’s situation regarding Venezuela and recently started auction […]
Venezuela’s October Oil Exports Fall 19% Despite U.S. Easing Sanctions
(Reuters, 2.Nov.2023) — Venezuela’s oil exports declined in October to less than 700,000 barrels per day (bpd) amid operational hiccups at the country’s main production […]
PetroChina Aims to Resume Venezuelan Oil Imports after 4-year Pause
(Reuters, 2.Nov.2023) — China’s PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA, according […]