Venezuela Archives - Page 13 of 43 - Energy Analytics Institute (EAI)

Local Trinidad Operator Expresses Interest in Citgo Assets

(Trinidad Express, 2.Nov.2023) — Decker Petroleum and Marketing Company Ltd (DPMCL), based in Trinidad and Tobago, has written the US District Court of Delaware officially […]

Marathon’s SVP Heppner Says Company Not Interested in Citgo Assets

(Energy Analytics Institute, 31.Oct.2023) — Marathon Petroleum Corporation’s senior vice president of strategy and business development, Dave Heppner, responded to questions from analysts during the […]

EAI’s NRGBriefs: Oct. 2023

(Energy Analytics Institute, 31.Oct.2023) — Energy briefs as well as others related to finance and projects during October 2023 including Vista‘s third quarter 2023 earnings […]

Venezuelan Oil Sanctions Relief at Risk as Court Suspends Opposition Primary Results

(S&P Global, 30.Oct.2023) — The Supreme Court of Justice (TSJ) in Venezuela ordered the suspension of the results of the opposition’s primary elections which was […]

Asia May Have Little to Cheer from Lifting of Venezuelan Oil Sanctions

(S&P Global, 30.Oct.2023) — Asia may have little to cheer following the lifting of the sanctions on Venezuelan oil as increased competition for those Latin […]

Eni CFO Gattei Says Venezuela ‘Clearly Is Now An Opportunity’

(Energy Analytics Institute, 27.Oct.2023) — The CFO of Eni S.p.A., Francesco Gattei, commented on the situation in Venezuela during the Italian company’s third quarter 2023 […]

Rowley: LNG Restructuring Saving T&T

(Trinidad Guardian, 27.Oct.2023) — Prime Minister Dr Keith Rowley yesterday described the signing in early December of the agreements to restructure the shareholding in Atlantic […]

Chevron Reveals 3Q:23 Results, Comments on Hess Deal [PDF Downloads]

(Chevron, 27.Oct.2023) — Chevron Corporation (NYSE: CVX) reported earnings of $6.5bn ($3.48 per share – diluted) for third quarter 2023, compared with $11.2bn ($5.78 per […]

Repsol CEO Josu Jon Imaz Comments on Venezuelan Opportunities

(Energy Analytics Institute, 26.Oct.2023) — Repsol SA CEO Josu Jon Imaz updated the analyst community on the Spanish company’s situation in Venezuela during a recent […]

CARICOM Comments on Guyana-Venezuela Board Dispute

(CARICOM, 25.Oct.2023) — The Caribbean Community (CARICOM) notes the decision of the Venezuelan National Assembly to conduct a popular referendum on defending Venezuela’s claim of […]

Venezuelan Oil-Sanctions Relief Was Just Announced. It Could Be Tested Soon

(Barron’s, 23.Oct.2023) — The U.S. administration’s new oil sanctions relief toward Venezuela is broad-ranging and impactful. It’s unlikely to have any immediate effect on international oil prices, […]

Welligence says Hess Corporation gives Chevron Atlantic margin exposure

PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant […]

Venezuela’s Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA

(EIA, 23.Oct.2023) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on October 18 […]

Fast Output Recovery Still Challenging in Venezuela

(WoodMac, 20.Oct.2023) — Addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector, Adrian Lara, principal research analyst, Latin America Upstream Oil […]

Trinidad Approved to Pay PDVSA

(Welligence, 19.Oct.2023) — Trinidad & Tobago (T&T) has received approval from the US government to pay PDVSA, the Venezuelan NOC, in cash for gas from Venezuela. […]

FACTBOX: Top Candidates in Venezuela’s Opposition Primary

(Reuters, 19.Oct.2023) — Voters in Venezuela will on Sunday choose a unity candidate from among 10 hopefuls to represent the country’s opposition in 2024 presidential elections, when […]

Biden Eases Sanctions on Venezuelan Oil, Republicans Howl

(Politico, 18.Oct.2023) — The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the […]

Venezuela’s Oil Sanctions Relief May Lift Profits, No Fast Output Rebound

(Reuters, 18.Oct.2023) — A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies […]

FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]

(US Department of State, 18.Oct.2023) — On October 18, 2023, the United States welcomed the announcement of a political agreement between representatives of Maduro and […]

Venezuela to Divert Barrels from China if US Continues Easing Sanctions

(Reuters, 18.Oct.2023) — Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the […]

Senior Administration Officials on Venezuela

(US Department of State, 18.Oct.2023) — Senior US Departement of States administration officials held a teleconference to discuss political advancements in Venezuela. MODERATOR: Good evening, […]

Venezuelan Oil Output Could Jolt if Reported Sanctions Deal Transpires: Rystad

(Rystad, 17.Oct.2023) — A reported deal between the US and Venezuela to ease sanctions on the South American country’s oil industry could pave the way […]

Energy Chamber Welcomes Progress on Dragon Field Development

(The Energy Chamber, 17.Oct.2023) — The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Trinidad & Tobago Minister of Energy and […]

US State Department: Joint Statement on Venezuela Negotiations

(US Department of State, 17.Oct.2023) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs […]

US Grants License Amendment to Trinidad for Joint Natgas Project with Venezuela

(Reuters, 17.Oct.2023) — The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development […]

T&T Can Pay Cash for Dragon Field Gas

(Trinidad Express, 17.Oct.2023) — Trinidad and Tobago can now make cash payments to Venezuela for the natural gas extracted from the Dragon field, Energy Minister […]

Trinidad on Amendment to OFAC License [Video]

(TT MEEI, 17.Oct.2023) — The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister […]

Venezuelans Return to Negotiations

(US Treasury, 16.Oct.2023) — The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along […]

Venezuela, Opposition Will Restart Talks, US Could Ease Sanctions

(Reuters, 16.Oct.2023) — Venezuela’s government and the country’s opposition will return to political negotiations, the two sides said on Monday, while sources said the United […]

Oil Dips Below $90 a Barrel as US Agrees Venezuela Deal

(Reuters, 16.Oct.2023) — Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while investors continued […]

US to Ease Sanctions on Venezuelan Oil for Freer Presidential Election

(The Washington Post, 16.Oct.2023) — The Biden administration and the government of Venezuelan President Nicolás Maduro have agreed to a deal in which the U.S. […]

Chevron Readies New Oil Drilling Push in Venezuela to Boost Output

(Reuters, 25.Sep.2023) — Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major […]

Energy Chamber Welcomes Deal to Work on Dragon Field

(Energy Chamber, 21.Sep.2023) — The Energy Chamber is extremely pleased to hear the news that Trinidad & Tobago and Venezuela have signed an agreement to […]

Trinidad and Venezuela Ink Gas-Related Deal

(Energy Analytics Institute, 20.Sep.2023) — The governments of Trinidad and Tobago and Venezuela signed a deal related to energy and bilateral trade. “As good neighbors […]

Maduro Says Venezuela, Trinidad Sign Deal to Share Gas Profits

(Bloomberg, 20.Sep.2023) — President Nicolás Maduro said Venezuela and Trinidad and Tobago have signed a profit-sharing agreement to export gas from the PDVSA-owned Dragon offshore […]

Venezuela: On the Exercise of Hydrocarbon Extraction Activities

(Contributor, Adaelizabeth Omaira Guerrero Rodríguez, 18.Sep.2023) — The hydrocarbons industry constitutes the main resource of Venezuela, therefore, the study of this area should be the […]

Citgo Petroleum Prices $1.10bn Senior Secured Notes

(Citgo, 14.Sep.2023) — Citgo Petroleum Corporation has priced $1.10bn aggregate principal amount of 8.375% senior secured notes due 2029 in a private offering exempt from the registration […]

Citgo Valued at $32bn-$40bn Ahead of Auction of Shares

(Reuters, 12.Sep.2023) — Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a […]

Which Creditors Will Have Priority for Citgo Share Auction?

(Reuters, 12.Sep.2023) — A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned […]

Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans

(Reuters, 5.Sep.2023) — Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion […]

EAI’s NRGBriefs: Aug. 2023

(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process […]

Exxon Mobil Wants its Piece of Citgo

(USA Today, 17.Aug.2023) — The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, […]

Venezuela Rejects Auction That Could Lead to Citgo Breakup

(Reuters, 15.Aug.2023) — Negotiators and officials representing Venezuela are opposing a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum to pay […]

Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports

(Reuters, 10.Aug.2023) — Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as […]

EAI’s NRGBriefs: Jul. 2023

(Energy Analytics Institute, 31.Jul.2023) — Energy briefs as well as others related to finance and projects during July 2023 including Dominion Energy (NYSE: D) concluding […]

Who are Venezuela Creditors Seeking to Seize Citgo?

(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes […]

Machado would restructure debt into single bond

CARACAS, VENEZUELA (Bloomberg, 18.Jul.2023, Words: 218) — Opposition frontrunner María Corina Machado said she would seek to roll Venezuela’s massive debt pile into a single bond as […]

Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors

(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to […]

PDV Holding Recovers Citgo Stock Certificate

(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding […]

Venezuela’s Dictator Maduro is Shameless

(Miami Herald, 16.Jun.2023) — It’s official: The Venezuelan regime will pick a new electoral tribunal to oversee the 2024 presidential elections, and — guess what! — […]