Venezuela Archives - Page 14 of 43 - Energy Analytics Institute (EAI)

Power Cuts Hit Venezuela’s West

(Reuters, 7.Jun.2023) — Daily power cuts have returned to west-central Venezuela, shutting air conditioners during a heat wave and hitting factories, households and utilities as poorly […]

Trinidad to Restart Idled LNG Unit by Early 2027

(Reuters, 7.Jun.2023) — Trinidad and Tobago aims to restart an idled liquefied natural gas (LNG) unit by the first quarter of 2027 after agreeing to restructure the facility’s […]

PDVSA Bondholders Dismiss Claims Citgo-backed Notes are Invalid

(Reuters, 6.Jun.2023) — Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New […]

EAI’s NRGBriefs: May 2023

(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a […]

Citgo Reports First Quarter 2023 Results

(Citgo, 10.May.2023) — Citgo Petroleum Corporation reported its 2023 first quarter financial and operational results. Favorable refining margins and product yields combined with strong asset […]

EAI’s NRGBriefs: Apr. 2023

(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the […]

Venezuela Seeks a Deal with Biden as Colombia Summit Begins

(NewsWeek, 25.Apr.2023) — As a multinational conference commences in Colombia, Venezuela is looking to make progress in talks not only with the country’s political opposition, […]

NatGas in Transition to Low-Carbon Economies [PDF Download]

(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for […]

Biden to Discuss Venezuela Sanctions with Colombia’s Petro

(Reuters, 19.Apr.2023) — President Joe Biden will discuss Venezuela in wide-ranging talks with Colombian President Gustavo Petro on Thursday, including U.S. willingness to further ease […]

KPMG’s Investment in Venezuela Guide 2022 [PDF Download]

(KPMG, 17.Apr.2023) — The guide is intended as guidance for prospective foreign investors in Venezuela by covering a broad range of matters relating to company […]

ICJ Delivers Judgement in Guyana v. Venezuela Case

(ICJ, 6.Apr.2023) — On 6 April 2023, the International Court of Justice, the principal judicial organ of the United Nations, will deliver its Judgment on […]

Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]

(Energy Analytics Institute, 6.Apr.2023) — The court finds that the preliminary objection raised by the Bolivarian Republic of Venezuela is admissible. By fourteen votes to […]

Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions

(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s […]

Global Gas Flaring Tracker Report [PDF Download]

(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome […]

Ecopetrol Not Advancing Plans to Buy Monómeros Colombo Venezolanos S.A.

(Ecopetrol, 24.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, with regards to statements in the public media about a possible acquisition by Ecopetrol of the […]

Citgo Offers to Purchase $407mn in Senior Notes

(Citgo, 13.Mar.2023) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase (the “Offer”) for cash an aggregate principal amount of up to $406.645mn (the “Excess […]

Citgo Reports 4Q:22 and YE:22 Results

(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter […]

The Dragon Dance

(Trinidad and Tobago Newsday, 25.Feb.2023) — Energy Minister Stuart Young has again expressed confidence that Trinidad and Tobago (TT) would successfully conclude and execute a […]

Trinidad to Begin Negotiations for Gas Deal with Venezuela in March

(Reuters, 24.Feb.2023) — Trinidad and Tobago expects to formally begin negotiations next month with Venezuela on a promising offshore natural gas project, the Caribbean nation’s […]

EAI’s NRGBriefs: Feb. 2023

(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of […]

Iran to Start Revamp at Venezuela’s Largest Refining Complex

(Reuters, 6.Feb.2023) — State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation’s largest refining […]

Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions

(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its […]

Venezuela Tightens Oil Prepayment Rules, Documents Show

(Reuters, 30.Jan.2023) — Venezuela’s state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding […]

Chevron 4Q:22 Earnings Call Transcript, Buybacks and Rising Venezuela Production

(Motley Fool Transcribing, 27.Jan.2023) — Chevron Corporation’s earnings call for the period ending 31 December 2022 with Chairman and Chief Executive Officer Mike Wirth and […]

Paul Questions Dragon’s Gas Revenues for T&T

(Trinidad Express, 25.Jan.2023) — Energy expert Anthony Paul is not convinced that T&T has its ducks lined up to deliver the various sub-projects required to […]

Trinidad/Venezuela Dragon Gas Development Update

(Welligence Energy Analytics, 25.Jan.2023) — The U.S. Department of the Treasury has granted a license to the government of T&T to receive gas from the multi-Tcf offshore […]

Rowley Says OFAC Approves Trinidad’s Development of the Dragon Field

(Office of the Prime Minister of Trinidad and Tobago, 24.Jan.2023) — As you all are aware, the United States is our major trading partner and […]

US Grants License to Trinidad to Develop Dragon Gas Field

(Reuters, 24.Jan.2023) — The U.S. Treasury Department has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial […]

Exiled Venezuela Lawmakers Chosen to Lead Anti-Maduro Fight

(AP, 5.Jan.2023) — Venezuela’s opposition has selected an all-female team of mostly unknown exiled former lawmakers to replace the beleaguered Juan Guaidó as the face […]

Energy Analytics Institute’s NRGBriefs: December 2022

(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on […]

Chevron Sending Two Oil Tankers to Venezuela Under US Approval

(Reuters, 30.Dec.2022) — U.S. oil company Chevron Corp (CVX.N) is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined […]

Diesel Prices in 2023? Don’t Expect Much Relief

(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation […]

Exchange Offers for Venezuelan Government and PDVSA Bonds

(Canaima Fund Lux, 28.Dec.2022) — Canaima Fund Lux (“Issuer“), a securitization fund governed by the Luxembourg Law of 22 March 2004 on securitization undertakings, registered under number O27, […]

LatAm Politics Today from Argentina to Peru

(Reuters, 23.Dec.2022) — The latest in Latin American politics today: ex-ministers in Peru recount Castillo’s dramatic final day, U.S. court rejects Maduro ally’s bid to […]

Rubio, Risch Introduce Legislation to Strengthen US-Venezuela Policy

(Marco Rubio, 20.Dec.2022) — In response to the Biden Administration’s policy of concessions to the criminal Maduro narco-regime, U.S. Senators Marco Rubio (R-FL) and Jim […]

Shunned Over War, Russians Holiday on Venezuelan Resort Island

(Agence France-Presse, 6.Dec.2022) — Venezuela: Shuttled between tourist spots, posing for pictures on beautiful beaches, and dancing awkwardly to merengue: Russian tourists have found a […]

Could A Controversial Chevron Deal Be A Prelude To Venezuela’s Oil Renaissance?

(Forbes, 2.Dec.2022) — A video that state-owned oil giant Petróleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil […]

Chevron unlikely to invest more in Venezuela in short term

(Reuters, 1.Dec.2022, Words: 380) — Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to […]

Welligence: Venezuela Sanctions Update

(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, […]

Maduro Says Granting US Licenses to Chevron ‘Not Enough’

(Anadolu Agency, 1.Dec.2022) — Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed […]

Eased US Sanctions on Venezuelan Oil Provide Weak Supply Boost

(FT.com, 30.Nov.2022) — The ports of the US Gulf of Mexico coast will soon resume shipments that have been absent for more than three years: […]

Energy Analytics Institute’s NRGBriefs: November 2022

(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching […]

Maduro Calls for ‘Complete Lifting’ of Oil Sanctions

(AFP, 30.Nov.2022) — Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and […]

US State Department: Joint Statement on Venezuela Negotiations

(US Department of State, 26.Nov.2022) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs […]

US Eases Venezuela Oil Sanctions After Gov’t, Opposition Ink Deal

(Al Jazeera, 26.Nov.2022) — The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed […]

Chevron Can Resume Key Role in Venezuela’s Oil Output

(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring […]

US Prepared to Authorize Chevron to Boost Venezuela’s Oil Output

(Reuters, 23.Nov.2022) — Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and […]

Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants

(Simón Bolívar Foundation Inc., 17.Nov.2022) — Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding […]

Citgo Announces 3Q:22 Financial Results

(Citgo, 10.Nov.2022) — Citgo Petroleum Corporation reported 2022 third quarter net income of $477mn and EBITDA of $804mn, compared to net income of $1.29bn and EBITDA of $1.86bn in the second quarter of […]

Citgo Holdings Offers to Acquire up to $237.4mn of its Senior Notes Due 2024

(Citgo, 10.Nov.2022) — Citgo Holding, Inc., a Delaware corporation, announced its offer to purchasefor cash an aggregate principal amount of up to $237.391mn (the “Excess Cash Flow Offer […]