(Jamaica Gleaner, Avia Collinder, 16.Jan.2019) — A &A Lime Hall Development Limited, a company incorporated in 2004 as a rental service in Montego Bay, St James, has offered PDV Caribe...
(Jamaica Gleaner, Livern Barrett, 16.Jan.2019) — Amid calls by the parliamentary Opposition for the Government to reconsider its decision, the special legislation being crafted to sanction the decision by the...
(S&P Global Platts, 16.Jan.2019) — The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition within...
(Energy Analytics Institute, Piero Stewart, 15.Jan.2019) — Oil production in the OPEC country has decreased 58% during the tenure of Venezuela’s President Nicolás Maduro to 1.137 million barrels per day...
[caption id="attachment_6216" align="alignnone" width="900"] Venezuela's President Nicolas Maduro. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 14.Jan.2019) — Venezuela’s President Nicolás Maduro announced plans to focus on efforts to raise crude...
(Bloomberg, Patricia Laya and Fabiola Zerpa, 14.Jan.2019) — Venezuela’s President Nicolas Maduro ordered a 300 percent increase in the monthly minimum wage and pledged to boost oil production to 5...
(The Wall Street Journal, Kejal Vyas, 14.Jan.2019) — The U.S. is evaluating whether to impose tougher sanctions against Venezuela’s military and vital oil industry, a senior Trump administration official said...
(CMC, 11.Jan.2019) — Venezuela has disputed Guyana’s account of what Georgetown said was the dangerous incursion into local waters after a Norwegian ship hired by ExxonMobil was “intercepted” by a...
(ClaimsFiler, 11.Jan.2019) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against...
(Reuters, Neil Marks, 10.Jan.2019) — Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana’s coast have not yet returned to the site of a December incident...
(Jamaica Observer, Kamina Johnson Smith, 9.Jan.2019) — Below are the notes from Minister of Foreign Affairs Kamina Johnson Smith in her press breifing yesterday: Ladies and gentlemen of the media,...
(Jamaica Observer, 9.Jan.2019) — The Government of Jamaica has announced that it will take legislative action for ownership of the 49 per cent share in the local oil refinery, PetroJam,...
(Jamaica Observer, 9.Jan.2019) — The Opposition has come out against Government's decsion to use legislative action to take back Venezuela's 49 per cent share of Petrojam. Shadow minister of energy,...
(Reuters, 8.Jan.2019) — Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had...
(Reuters, 8.Jan.2019) — Curacao’s 335,000-barrel-per-day (bpd) Isla refinery has resumed work, management of the government-owned facility said on Tuesday, after eight months of paralysis caused by a dispute between its...
(AFP, 7.Jan.2019) — French oil company Maurel & Prom will invest $400 million in an oil field in Venezuela, whose production is in free fall, President Nicolas Maduro said on...
(Energy Analytics Institute, Piero Stewart, 7.Jan.2019) — Venezuela’s Oil Minister and PDVSA President Manuel Quevedo announced that the state oil company had signed an investment agreement with the French company...
(Reuters, Luc Cohen and Brian Ellsworth, 7.Jan.2019) — Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent...
(T&T Energy Chamber CEO Thackwray ‘Dax’ Driver, 6.Jan.2019) — Trinidad & Tobago’s energy sector is predicted to make a modest recovery in 2019, on the back of increased natural gas...
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 4.Jan.2019) — Heard on the street and LatAmNRG briefs on Bolivia seeking natural gas deal with Peru, YPFB and Camacari inking deal...
(Bloomberg, Noah Smith, 3.Jan.2018) — It’s hard to overstate how disastrous the reign of Hugo Chavez and his successor Nicolas Maduro has been for Venezuela. A recent series of Bloomberg...
(Bloomberg, Lucia Kassai, 2.Jan.2019) — Venezuela, once Latin America’s largest oil exporter, ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades. Home to...
(Energy Analytics Institute, Piero Stewart and Ian Silverman, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on Colombia’s first long-term power auction; the reach of Bolivia’s natural gas reserves;...
(Oilprice.com, Nick Cunningham, 27.Dec.2018) — Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A...
(Reuters, Alexandra Ulmer and Marianna Parraga, 26.Dec.2018) — Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in...
(ExxonMobil, 26.Dec.2018) — ExxonMobil said today that drilling and development operations offshore Guyana are unaffected by an incident involving seismic acquisition vessels on Saturday. Two vessels operated by Petroleum Geo-Services...
(Energy Analytics Institute, Aaron Simonsky, Ian Silverman, and Piero Stewart, 26.Dec.2018) — Heard on the street and LatAmNRG briefs on Shell Argentina’s Vaca Muerta plans; YPFB to double purchases of...
(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) — Shares of Goldman Sachs shares have fallen 30% due to the investment firm’s decision to finance the Venezuelan government, reported online media El...
(Reuters, 25.Dec.2018) — Venezuela’s foreign ministry on Tuesday described as “interventionist and disrespectful” U.S. comments on a weekend incident in which the country’s navy stopped two ships exploring for oil...
(Oilprice.com, Irina Slav, 24.Dec.2018) — Exxon has suspended exploration activities in the western part of the Stabroek block offshore Guyana after the Venezuelan Navy intercepted this weekend two exploratory vessels...
(Reuters, 24.Dec.2018) — Exxon Mobil and a seismic research company it hired to search for oil off the coast of Guyana declined on Monday to say when they might resume...
(Energy Analytics Institute, Piero Stewart, 21.Dec.2018) — Heard on the street and LatAmNRG briefs on Argentina’s renewable energy sector, Maurel & Prom’s acquisition of Shell’s interest in the Urdaneta West...
(Energy Analytics Institute, Piero Stewart, 20.Dec.2018) — PDVSA Intevep and Hartung Hermanos Sucesores, C.A. signed a Letter Of Intent (LOI) with the aim to implement technology that will assist in...
(Maurel & Prom, 20.Dec.2018) — Etablissements Maurel & Prom announced in the press release published on 12 October 2018 the signature of a Share Sale and Purchase Agreement (the “SSPA”)...
(Oilprice.com, Tsvetana Paraskova, 20.Dec.2018) — U.S. oil production will continue to grow at a rapid pace until 2025, while Venezuela’s crude output is set for further declines, Fatih Birol, the...
(S&P Global Platts, 19.Dec.2018) — OPEC enters a pivotal third year of production cuts in a volatile oil market with its least experienced minister at the helm. Venezuela’s Manuel Quevedo,...
(Energy Analytics Institute, Piero Stewart, 15.Dec.2018) — The mixed company Petrolera Sinovensa is currently producing 130,000 barrels per day of crude oil in Venezuela. “I am pleased that we have...
(Energy Analytics Institute, Piero Stewart, 14.Dec.2018) — Heard on the street and LatAmNRG briefs from Venezuela related to Nicolás Maduro and the Petro, and PDVSA Ethanol. [caption id="attachment_5542" align="alignright" width="300"]...
(Energy Analytics Institute, Ian Silverman and Piero Stewart, 13.Dec.2018) — Heard on the street and other LatAmNRG briefs from South America’s Guyana, which expects first oil to start flowing in...
(OilPrice.com, Irina Slav, 12.Dec.2018) — Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex...
(CITGO, 11.Dec.2018) — CITGO Petroleum Corporation presented twenty scholarships to the recipients of its inaugural CITGO Innovation Scholarship Program, an initiative within the CITGO STEM Talent Pipeline. Each student will...
(Energy Analytics Institute, Piero Stewart, 10.Dec.2018) — Venezuela’s state oil company PDVSA signed an inter-institutional agreement with the National Polytechnic Experimental University of the Armed Forces (UNEFA by its Spanish...
(Reuters, Marianna Parraga, 6.Dec.2018) — Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and...
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie...
(Reuters, 5.Dec.2018) — India’s Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend...
(ABCNews, Anastasia Bagaeva, 5.Dec.2018) — Venezuelan President Nicolas Maduro visited Moscow Wednesday for talks with Russian President Vladimir Putin. The Kremlin said assistance for Maduro’s regime was on the agenda....
(Reuters, Mayela Armas and Mariela Nava, 5.Dec.2018) — Angelica Vera of Venezuela’s western state of Zulia planned to cremate her father's remains after he died of cancer in November because...
(Reuters, Nidhi Verma, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding...
(Reuters, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments...
(Bloomberg, Nacha Cattan and Eric Martin, 1.Dec.2018) — After decades of waiting, Andres Manuel Lopez Obrador punctuated his arrival as Mexico’s president with a bang, delivering a blistering attack on...
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and Venezuela, and Peru. Heard On...
(Houston Business Journal, Olivia Pulsinelli, 28.Nov.2018) — Houston-based refiner Citgo Holding Inc. will remain owned by Venezuela’s state-run oil company, Petróleos de Venezuela SA, if PDVSA follows through with the...
(Houston Chronicle, Sergio Chapa, 26.Nov.2018) — A payment on a $1.4 billion arbitration award to a Canadian gold mining company is allowing Venezuela to keep ownership of Citgo Petroleum’s three...
(Fox Business, Mike Obel, 26.Nov.2018) — Venezuela managed to retain ownership of Citgo, the big U.S. refining and gasoline marketing company that is one of its few remaining sources of...
(Energy Analytics Institute, Pietro D. Pitts, 24.Nov. 2018) — Venezuela is suffering a complete meltdown across all sectors. The Venezuelan oil sector, which generates upwards to 95% of the country’s...
(Reuters, Alexandra Ulmer and Marianna Parraga, 24.Nov.2018) — The head of Russian oil company Rosneft, Igor Sechin, flew to Caracas this week to meet Venezuelan President Nicolas Maduro and complain...
(Reuters, Marianna Parraga, 22.Nov.2018) — Venezuela’s state-run oil firm PDVSA has begun talks with shipping firms to set up a second ship-to-ship (STS) operation off the country’s eastern coast in...
(Energy Analytics Institute, Piero Stewart and Aaron Simonsky, 22.Nov. 2018) — Heard on the street and other LatAmNRG briefs from OPEC producer Venezuela, and neighboring Colombia, emerging shale gas producer...
(Energy Analytics Institute, Piero Stewart, 21.Nov. 2018) — Venezuela’s President Nicolás Maduro said an $100 oil price is a “fair price” for a barrel of oil, and assured that low...
(Bloomberg, Fabiola Zerpa, 21.Nov.2018) — Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are...
(OilPrice.com, Tsvetana Paraskova, 15.Nov.2018) — OPEC’s member Venezuela—which is sitting on the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside...
(Trinidad Express, 15.Nov.2018) — Venezuela’s minister of energy, Manuel Quevedo, said yesterday that his country’s state-owned oil giant PDVSA expects to start sending natural gas to Trinidad from the Dragon...
(Reuters, Tibisay Romero, Deisy Buitrago, 13.Nov.2018) — With chronic shortages of basic goods afflicting her native Venezuela, Veronica Perez used to drive from supermarket to supermarket in her grey Chevrolet...
(Reuters, 11.Nov.2018) — Venezuela is hoping to steeply raise oil output next year but will respect any new deal if OPEC agrees to reduce output from December, Oil Minister Manuel...
(Energy Analytics Institute, Piero Stewart, 10.Nov.2018) — An explosion that occurred along a segment of the Northeast Gas Pipeline José Francisco Bermúdez, and which caused interruptions in electricity service in...
(Wall Street Journal, Kejal Vyas and Bradley Olson, 8.Nov.2018) — For nearly a century, Chevron Corp. has weathered dictatorships, coups and nationalization drives to keep pumping oil in Venezuela. But recently,...
(Reuters, 6.Nov.2018) — Rosneft was owed $3.1 billion by Venezuela as of September 30, down from $3.6 billion on June 30, Russia’s largest oil producer said on Tuesday. It also...
(AP, 2.Nov.2018) The former finance chief of Venezuela's state oil company pleaded guilty on Wednesday to participating in an alleged US$1.2-billion embezzlement scheme, a major breakthrough for US prosecutors targeting...
(Reuters, Alexandra Ulmer, 2.Nov.2018) — Russian bank Gazprombank on Friday said it had no role in a Venezuelan corruption case at state energy company PDVSA. Abraham Ortega, a former financial...
(Houston Chronicle, James Osborne, 2.Nov.2018) — Almost 4,000 feet beneath the surface of the Atlantic Ocean, off the northern coastline of South America, Exxon Mobil is drilling one of the...
(Reuters, Alexandra Ulmer, 1.Nov.2018) — Anglo-French oil company Perenco and Russian financial firm Gazprombank have been identified in testimony by a former Venezuelan state oil company official who said he...
(Citgo Petroleum, 1.Nov.2018) — CITGO Petroleum Corporation recently participated in Houston's largest free family festival, Energy Day. The event brought together families, students, energy professionals and other members of the...
(El Nuevo Herald, Jay Weaver And Antonio Maria Delgado, 31.Oct.2018) — A former top official of Venezuela’s state-owned oil company pleaded guilty Wednesday in Miami federal court to playing a...
(Bloomberg, Davide Scigliuzzo, 31.Oct.2018) — Venezuela just forked over almost $1 billion to stay current on a bond backed by shares of its U.S. refiner Citgo. The question is why....
(Reuters, Alexandra Ulmer, Nidhi Verma, 31.Oct.2018) — Venezuela’s state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for...