(PDV Holding, 1.May.2020) — PDV Holding, Inc., and the Government of Aruba/Refineria di Aruba (RDA) today executed an amicable termination agreement in relation to the […]
Category: Venezuela
Venezuela energy
US Seeks To Investigate Mexico Oil-For-Food Pact
(Reuters, 29.Apr.2020) — The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in […]
Is PDVSA Abandoning Its Socialist Agenda?
(Oilprice.com, 29.Apr.2020) — Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that […]
Fire Reduces Venezuelan Heavy Crude Flow
(Reuters, 28.Apr.2020) — The latest fire to erupt at one of Venezuelan state-owned PdV’s oil installations has temporarily knocked out up to 130,000 b/d of […]
PDVSA Proposes Selling Oil Assets To Private Sector
(Forbes, 28.Apr.2020) — In a total about-face on the “socialism” and “communism” and the Yankee-Go-Home attitude of the ruling Socialists United of Venezuela (PSUV), the […]
Venezuela Floats Lean PdV With Russia Unit
(Argus, 27.Apr.2020) — The two Maduro loyalists who have been effectively running Venezuela’s national oil industry for two months were officially appointed today as acting […]
Iran Ships Material To Help Repair PDVSA Refinery
(Reuters, 23.Apr.2020) — Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day […]
Venezuela’s Oil Output Could Fall Again Soon
(Oilprice.com, 23.Apr.2020) — On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down […]
Chevron Barred From Drilling In Venezuela
(Reuters, 22.Apr.2020) — Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration […]
Chevron In Effect Barred From Venezuela
(Bloomberg, 21.Apr.2020) — Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regime’s crumbling oil industry another blow […]
Trump Tells Chevron To “Wind Down” In Venezuela
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) — The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their […]
El Palito Restart Sputters, Imports On Horizon
(Argus, 15.Apr.2020) — Venezuelan state-owned PdV’s failed effort to restart its 140,000 b/d El Palito refinery is aggravating a fuel deficit that is sparking sporadic […]
Venezuela Supports OPEC+ Market Plan
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) — Venezuela, not invited to participate in the OPEC+ discussions, continues to support the measures that intend to contribute […]
Venezuela’s Private Sector Wants Eased Import Rules
(Reuters, 10.Apr.2020) — Representatives of Venezuela’s private oil service companies have proposed the government loosen restrictions on gasoline imports and sales, as the country faces […]
Venezuela Gasoline Shortages Worsen
(Reuters, 8.Apr.2020) — Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned […]
PDVSA And Eni Restart Work On Diluent Pipeline
(Energy Analytics Institute, Piero Stewart, 8.Apr.2020) — Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) and the Italian oil company ENI, which comprise the […]
Crisis Stricken Venezuela Faces Mounting Pressure
(Oilprice.com, 6.Apr.2020) — Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduro’s regime, increasing pressure on the country sitting on […]
Venezuela Launches Special Fuel Supply Plan
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — Venezuela’s state-owned oil company Petróleos de Venezuela S.A. (PDVSA) activated a Special Fuel Supply Plan to counter a […]
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) — Venezuela’s crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot […]
Venezuela’s 1Q Oil Exports Fall 17% Over Year Ago
(Reuters, 2.Apr.2020) — Latin American nation’s average exports of crude and refined oil in March were the second lowest since United States imposed sanctions in […]
Maduro Highlights Need To Stabilize Oil Market
(Energy Analytics Institute, Piero Stewart, 31.Mar.2020) — Venezuela’s President Nicolás Maduro highlighted the importance of the agreements between the Organization of Petroleum Exporting Countries (OPEC) […]
Kremlin Fights US Sanctions, Backs Maduro
(Bloomberg, 30.Mar.2020) — The Kremlin’s sudden shift of ownership of multi-billion-dollar oil projects in Venezuela shields oil giant Rosneft PJSC from further U.S. sanctions but […]
Venezuela’s Oil Output Falls To Five-month Low
(Reuters, 30.Mar.2020) — Venezuela’s crude production ended last week at around 670,000 barrels per day (bpd), according to documents seen by Reuters and two people […]
Rosneft’s Venezuelan Oil Loads Cancelled – Data
(Reuters, 28.Mar.2020) — Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on […]
Rosneft To Sell Venezuela Operations To Russian Gov’t
(S&P Global Platts, 28.Mar.2020) — Russia’s largest crude producer Rosneft said Saturday it is ceasing operations in Venezuela and selling all assets related to activities […]
Rosneft Sells Its Venezuelan Assets
(Rosneft, 28.Mar.2020) — Rosneft announces the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft […]
Falling LatAam Fuel Demand Leaves Hurt US Refiners
(Reuters, 27.Mar.2020) — Demand for refined products in Latin America is quickly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their primary […]
Citgo Foundation To Support Covid-19 Efforts In Venezuela
(Citgo, 26.Mar.2020) — The Simón Bolívar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small […]
Fuel Trickling Into Venezuela, Oil Loading
(Argus, 24.Mar.2020) — Some gasoline is trickling into Venezuela, while a few crude cargoes are still getting out, but the volumes and revenue are dwarfed […]
LatAm NRG Producers Sweat To Cover Costs
(Reuters, 24.Mar.2020) — A price war between the world’s oil powerhouses is leaving many producers in Latin American struggling to cover production costs, boosting chances […]
Libre Abordo To Take Up To 15mn Bbls Of Venezuelan Oil
(Reuters, 24.Mar.2020) — Mexico’s Libre Abordo and a related company plan to take some 15 million barrels of Venezuelan crude as part of a first […]
US Targets Maduro Regime With Fresh Charges
(WSJ, 22.Mar.2020) — The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American […]
Curacao Seizes PDVSA Oil Terminal In Dutch Caribbean
(Reuters, 20.Mar.2020) — Curacao state-owned oil refinery Refineria di Korsou (RdK) on Friday seized an oil storage terminal on the Dutch Caribbean island of Bonaire […]
Latin America’s Spot Oil Sales Hit By Low Prices
(Reuters, 20.Mar.2020) — Spot sales of Latin America’s heavy crudes mostly dried up this week amid a demand contraction and steep slump in oil prices […]
US Calls For Humanitarian Release Of Citgo 6
(Energy Analytics Institute, Piero Stewart, 19.Mar.2020) — The US calls for humanitarian release of wrongfully detained Americans in Venezuela. © Energy Analytics Institute (EAI). All […]
Economic Fallout From Virus Felt In Venezuela
(ABC News, 16.Mar.2020) — Nicolás Maduro’s government on Monday banned gasoline sales in two states as part of a broader lock-down to stem panic buying […]
Vitol Negotiates Venezuela Oil Purchase
(Oilprice.com, 13.Mar.2020) — The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm […]
Maduro Suggests OPEC, OPEC+ Discuss Oil Market
(Energy Analytics Institute, Piero Stewart, 12.Mar.2020) — Venezuela’s President Nicolas Maduro has suggested that members of OPEC and OPEC+ return to discussions about balancing the […]
Nynas Applies For Company Reorganization
(Nynas, 12.Mar.2019) — Nynas AB (publ) has today filed for company reorganisation at Södertörn’s District Court. Nynas loans have not been extended by the banks. […]
PDVSA Partners Fret Over Managerial Vacuum
(Argus, 12.Mar.2020) — A presidential commission tasked with reorganizing Venezuela’s state-owned PdV is sowing confusion among the oil company’s joint venture partners over who is […]
Venezuela Discussing Oil Prices With OPEC, Russia
(TASS, 12.Mar.2020) — Venezuelan authorities are discussing the situation with the oil price collapse with OPEC and Russia, President Nicolas Maduro said on Thursday at […]
Pipeline Blast Halts PetroPiar
(Argus, 10.Mar.2020) — Venezuelan state-owned PdV’s PetroPiar joint venture with Chevron suspended upgrading operations following a pipeline explosion early today, three oil workers at the […]
Venezuela Offers Discounts As Prices Collapse
(Reuters, 10.Mar.2020) — Venezuela’s oil company PDVSA is this week offering discounts of up to $23 per barrel on its flagship crude, traders said, as […]
Venezuela Cause Drifting Off International Agenda
(Argus, 10.Mar.2020) — Venezuela’s US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to […]
Latin America Oil Plays Rocked By Oil Price Rout
(Argus, 9.Mar.2020) — Latin America’s bold plans to tap deepwater, unconventional and heavy oil reserves — already under pressure by coronavirus in key demand markets […]
PdV Names New Shipping Head As Arrests Mount
(Argus, 9.Mar.2020) — Venezuelan state-owned PdV named a new head of its shipping unit following 38 arrests over alleged fuel theft. PdV Marina’s new president […]
Mariela Poleo To Head Simón Bolívar Foundation
(Citgo, 8.Mar.2020) — Citgo Petroleum Corporation announced the appointment of Mariela Poleo as President of the Simón Bolívar Foundation (SBF), the company’s non-profit, private foundation […]
Venezuela Moves To Arrest Numerous Oil Workers
(Energy Analytics Institute, Piero Stewart, 7.Mar.2020) — Venezuela’s government has arrested numerous oil sector workers for presumably providing confidential information to the US government as […]
New Commission To Safeguard PDVSA’s Interest
(Energy Analytics Institute, Piero Stewart, 7.Mar.2020) — Venezuela has established a new Presidential Commission which aims to defend and safeguard the interest of state oil […]