Venezuela Archives - Page 15 of 43 - Energy Analytics Institute (EAI)

Trinidad asks US to Allow Venezuelan Gas Imports for LNG Plant

(Reuters, 4.Nov.2022) — The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train […]

MEEI Head Young Meets with Venezuelan Vice Minister

(MEEI, 24.Oct.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met […]

U.N. Could Administer Over $3bn in Funds to Aid Venezuela

(Reuters, 25.Oct.2022) — Top officials from the U.S. State and Treasury departments are discussing proposals for a fund that could release over $3 billion to […]

Washington Eyes Oil Deal with Maduro Regime: Rystad Energy

(Rystad, 24.Oct.2022) — As the supply side of the oil business continues to tighten globally, calls within the US to ease sanctions on what was […]

Iran Starts Refining its Oil in Venezuela: Minister

(Xinhua, 17.Oct.2022) — Iranian Petroleum Minister Javad Owji said on Sunday that Iran has started refining its crude oil in Venezuela, SHANA news agency affiliated […]

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]

(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) […]

Energy Analytics Institute’s NRGBriefs: September 2022

(Energy Analytics Institute, 30.Sep.2022) — Energy briefs as well as others related to finance and politics during September 2022 including EXMAR closing the sale of […]

Lightning Strike and Fire Didn’t Impact RPLC: El Aissami

(Energy Analytics Institute, 19.Sep.2022) — A lightning strike at the oxidation and water treatment lagoon of PDVSA’s Puerto La Cruz Refinery on 19 September 2022 […]

Chevron Applies for Venezuela License Renewal

(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to […]

EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 […]

Chinese Firm Takes Over Lifting Venezuelan Oil for Debt Offset

(Reuters, 26.Aug.2022) — China has entrusted a defense-focused state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to […]

AGE’s Ali Moshiri eyes revitalization of Venezuela hydrocarbon industry

HOUSTON, TEXAS (By editors at Energy Analytics Institute, 26.Aug.2022, Words: 89) — Amos Global Energy Management LLC or AGE, a Houston-based independent oil & gas […]

ConocoPhillips Gets $8.5B Venezuela Award OK’d In DC

(Law360, 19.Aug.2022) — ConocoPhillips won approval on Friday to enforce an $8.5 billion arbitral award against Venezuela despite the country ignoring the litigation for more than […]

Are Talks Over Detained Americans Slowing the Fight for Democracy in Venezuela?

(CNN, 16.Aug.2022) — A growing number of US citizens are being detained in Venezuela — and though exactly how many is unknown, the detentions could give authoritarian […]

Colombia Forecasts 2022 Trade with Venezuela Could Hit $1.2 Billion

(Reuters, 12.Aug.2022) — Colombia’s trade with Venezuela could hit $1.2 billion this year, its commerce minister German Umana said on Friday, after the country’s new […]

Citgo Reports 2Q:22 Net Income of $1.3bn, EBITDA of $1.9bn

(Citgo, 11.Aug.2022) — Citgo Petroleum reported a second quarter net income of $1.29bn and EBITDA of $1.86bn compared to net income of $245mn and EBITDA of $518mn in the first quarter of 2022. […]

Citgo Reveals Offer to Acquire up to $286mn of its 2024 Notes

(Citgo, 11.Aug.2022) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase for cash an aggregate principal amount of up to $286.231mn (the “Excess Cash Flow […]

Ministry Young Visits Maduro to Discuss Energy, Other Matters

(MEEI, 6.Aug.2022) — The Honourable Stuart R Young, M.P., minister of Ministry of Energy and Energy Industries (MEEI) in the Office of the Prime Minister […]

Repsol Confirms Venezuela Crude Deal Restart

(Argus, 28.Jul.2022) — Spain’s integrated Repsol has resumed its crude-for-debt deal with Venezuela, and said the arrival of around 3mn bl of Venezuelan crude at […]

NRG briefs: UEG Araucária fact sheet; BW Energy stock trades

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 11.Jul.2022, Words: 250) — Energy briefs including details related to UEG Araucária S.A. (UEGA), a partnership between […]

NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG

(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of […]

NRGBriefs: PDVSA Vassa Closure; IGU’s 2022 World LNG Report

(Energy Analytics Institute, 6.Jul.2022) — Energy briefs including the closure of PDVSA Vassa, formerly Venoco, leaving nearly a thousand workers in uncertainty; and the release […]

US Investors Form JV to Pursue Oil and Gas Projects in Venezuela

(Reuters, 5.Jul.2022) — Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration […]

Amos Global Energy and Gramercy Announce a JV with Inepetrol in Venezuela

(Gramercy Funds Management, 5.Jul.2022) — Gage Venezuela Holdings LLC, a recently created partnership between Amos Global Energy Management LLC (“Age”) and Gramercy Funds Management LLC […]

US Officials Return to Venezuela Amid Gas Price Hike

(AP, 27.Jun.2022) — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with […]

The Simón Bolívar Foundation Releases 2021 Annual Report [PDF Download]

(Citgo, 27.Jun.2022) — The Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, released its 2021 Annual Report. The Foundation is dedicated […]

NRGBriefs: OFAC Takes Former PDVSA VP off SDN List; Bristow to Ring Opening Bell

(Energy Analytics Institute, 17.Jun.2022) — Energy briefs including the US Department of Treasury announcing the removal of former PDVSA Vice President Carlos Erik Malpica Flores […]

US to Allow Venezuelan oil to be Shipped to Europe: Report

(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on […]

US to Let Eni, Repsol Ship Venezuela Oil to Europe, Reuters Says

(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up […]

PDVSA Extends Diesel Sales in Dollars, Cutting Subsidy

(Reuters, 30.May.2022) — Venezuela’s state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers […]

NRGBriefs: Petro and Hernández Lead Colombian Presidential Elections

(Energy Analytics Institute, 29.May.2022) — Energy and political briefs including initial results in Colombia showing Gustavo Petro and his running mate Francia Márquez Mina, representing […]

NRGBriefs: Colombian Presidential Elections; OFAC Extends Chevron License

(Energy Analytics Institute, 27.May.2022) — Energy and political briefs including Colombians going to the polls to elect their next president; OFAC extending Chevron Corporation‘s license […]

US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms

(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely […]

NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to […]

NRGBriefs: Chevron Comments on Venezuelan License; SQM Results

(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference […]

Citgo Reports 1Q:22 Net Income of $245mn

(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and […]

US Moves to Ease a Few Economic Sanctions on Venezuela

(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations […]

US to Ease Some Energy Sanctions on Venezuela

(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, […]

Venezuela Petroleum Chamber President Quintero on the Oil Sector

(Energy Analytics Institute, 16.May.2022) — Venezuela Petroleum Chamber President Reinaldo Quintero spoke with Venezuelan media outlet Globovision on 16 May 2022 about US sanctions imposed […]

NRGBriefs: Venezuela Share Offerings; Sempra Dividend

(Energy Analytics Institute, 12.May.2022) — Energy briefs including Venezuela’s President Nicolás Maduro looking to offer between 5%-10% of the shares of public companies and “empresas […]

NRGBriefs: YPF Reports Strong 1Q:22 Results; Ecopetrol Growth

(Energy Analytics Institute, 11.May.2022) — Energy briefs including Argentina’s state-owned YPF delivering strong results during the 1Q:22 and again achieving higher hydrocarbon production; Ecopetrol CEO […]

Stephen McNabb Appointed Citgo Treasurer

(Citgo, 11.May.2022) — Citgo Petroleum Corporation named Stephen McNabb the company’s new Treasurer, where he will oversee liquidity management and the company’s capital structure, manage financial risk and […]

OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader

(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General […]

OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex

(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical […]

NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down

(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and […]

OPEC’s Mohammad Barkindo Visits Venezuela

(Energy Analytics Institute, 7.May.2022) — OPEC (Organization of Petroleum Exporting Countries) Secretary General Mohammad Barkindo arrived in Caracas, Venezuela, on 6 May 2022 for a […]

NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58

(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant Petróleo Brasileiro S.A. (Petrobras) reporting earnings before interest, taxes, depreciation and amortization of […]

Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays

(Reuters, 6.May.2022) — Venezuela’s oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil […]

NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico

(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing […]

Iranian Oil Minister Meets Venezuela’s President Maduro in Caracas

(AFP, 3.May.2022) — Iran’s oil minister has paid an official visit to ally Venezuela to meet President Nicolas Maduro and discuss ways to “overcome” the […]