(Reuters, 7.Mar.2020) — At least 38 workers from Venezuela’s state oil company Petroleos de Venezuela’s, including the president of maritime subsidiary PDV Marina, were detained […]
Category: Venezuela
Venezuela energy
Is 2020 The Year For Regime Change In Venezuela?
(FT, 7.Mar.2020) — There have been enough false dawns in Venezuela to deter any confident predictions but a series of developments — all energy related […]
US Eying Not Renewing Chevron’s Venezuela Waiver
(Reuters, 6.Mar.2020) — The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move […]
OPEC Statutes Roots Point To Caracas
(Energy Analytics Institute, Piero Stewart, 2.Mar.2020) — In Caracas, and by unanimous decision of the founding member of the Organization of Petroleum Exporting Countries (OPEC) […]
Venezuela Arrests Officials For Giving US Oil Data
(AFP, 2.Mar.2020) — Venezuela said Monday it had arrested two officials from state oil company PDVSA for providing the US with “strategic and sensitive” details […]
Venezuela’s Oil Exports Rose Ahead Of Wind-down Date
(Reuters, 2.Mar.2020) — Venezuela’s oil exports rose 9% in February from the previous month, as some buyers rushed to take cargoes ahead of the expiration […]
Venezuela’s Maduro Announces PDVSA Shake Up
(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) — Venezuela’s President Nicolas Maduro revealed key executive changes within state oil company Petroleos de Venezuela (PDVSA) in an […]
Petroboscán Advancing With Materials Warehouse
(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) — The Petroboscán joint venture, which partners Venezuelan Petroleum Corporation (CVP) and Chevron Corp., is advancing with a management […]
Opinion: Can Venezuela’s Oil Sector Ever Recover?
(IAD, 28.Feb.2020) — At the dawn of the 1920s, Venezuela had drilled its first oil wells and was just two years away from the eruption […]
Citgo Says Gerd Knutsen Released From Seizure
(Citgo, 28.Feb.2020) — Citgo Petroleum Corporation confirms that the Gerd Knutsen and its crew have safely reached international waters, and that the Company intends to […]
Venezuela Committee Asks VPs To Offer Resignations
(Reuters, 22.Feb.2020) — Members of a committee tasked with overhauling Venezuelan state oil firm Petróleos de Venezuela, S.A., or PDVSA, asked the company’s vice presidents […]
Boquerón JV Advances With Gas Lift Pilot
(Energy Analytics Institute, Piero Stewart, 22.Feb.2020) — The Boquerón joint venture, comprised of state oil company Petróleos de Venezuela, SA (PDVSA) and Russian oil company […]
Trump Wants Pressure Raised On Maduro
(Bloomberg, 21.Feb.2020) — President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options […]
PetroMonagas Incorporates Turbo Generator
(Energy Analytics Institute, Piero Stewart, 20.Feb.2020) — In order to generate its own electricity, the PetroMonagas joint venture incorporated use of an electric turbo generator […]
Venezuela Promises Another Oil Revival
(Argus, 20.Feb.2020) — Venezuela’s embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company […]
Maduro Taps VP To ‘Restructure’ Oil Sector
(Reuters, 19.Feb.2020) — Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country’s beleaguered oil industry, which will […]
Maduro Shakes Up PDVSA Amid Oil Sector Emergency
(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]
Rosneft Sanctions Raise Threats For Cos In Venezuela
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated […]
Latest Rosneft Sanctions Raise Risks For Others
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated […]
Maduro’s PDVSA Shake Up Amid Oil Emergency
(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]
Maduro Accused Of “Disappearing” US Oilmen
(AP, 19.Feb.2020) — Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduro’s government of “forced disappearance” after the men were […]
Could Rosneft Sanctions Signal End To Chevron’s Venezuela Waiver?
(S&P Global Platts, 18.Feb.2020) — The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to […]
US Blacklists Rosneft Unit
(Reuters, 18.Feb.2020) — The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald […]
Rosneft Says US Sanctions On RTSA Illegal
(Rosneft, 18.Feb.2020) — The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of […]
Ending Putin’s Support Of Venezuela Not Easy For US
(AP, 18.Feb.2020) — In October 2016, the head of Russia’s largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains […]
Venezuela, Rosneft and US Sanctions Complications
(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the […]
PDVSA Seeks Buyers For 677 Mb/d Of February Crude
(S&P Global Platts, 14.Feb.2020) — Venezuela’s state owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US […]
PDVSA Steps Up Shipments To Cuba
(Reuters, 14.Feb.2020) — Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened […]
Chavez’s Legacy Oil Hasn’t Been Broken?
(The Globe and Mail, 13.Feb.2020) — In terms of its trademark nationalist approach to its economy – the crown jewel of which has long been […]
Ask No Questions, Tell No Lies
(Argus, 11.Feb.2020) — Juan Guaido is finally returning to Caracas today, with a vow to dislodge the “usurper” so he and his team of exiles […]
Citgo Names Jack Lynch As Chief Compliance Officer
(Citgo, 11.Feb.2020) — Citgo Petroleum Corporation announced the appointment of Jack Lynch as the company’s new Chief Compliance & Ethics Officer. Lynch will continue to […]
US Imports Of Russian Residue Complicate Venezuela Sanctions
(Argus, 10.Feb.2020) — US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on […]
Storage Constraints Prompt PdV To Consider Oil Pits
(Argus, 28.Feb.2020) — Venezuela’s PdV has exhausted its storage capacity and is now considering digging open-air pits to hold swelling stocks that US sanctions are […]
Rowley Comments On Loran-Manatee Deal
(Office of the PM of Trinidad and Tobago, 7.Feb.2020) — Trinidad and Tobago’s Prime Minister the Honourable Keith Rowley provided details related to the agreement […]
Beyond The Dragon Deal
(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela […]
Russia Sends Lavrov To Venezuela
(Reuters, 4.Feb.2020) — Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who […]
Trinidad To Develop Natural Gas From Manatee Field
(Office of the PM of Trinidad and Tobago, 4.Feb.2020) — The Government will independently develop the natural gas from the Loran-Manatee field on Trinidad and […]
Trinidad Cancels Gas Deal Over US Sanctions
(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their […]
Ecopetrol Reports Changes To Accounting Classification
(Ecopetrol, 3.Feb.2020) — Ecopetrol S.A. reports that having completed all legal and accounting analyses regarding the ruling issued by the Supreme Court of Justice dated […]
Venezuela Lawmakers Eye Private Sector Oil Role
(Reuters, 28.Jan.2020) — A group of Venezuelan lawmakers backed by the ruling Socialist Party are exploring ways to increase the participation of private companies in […]
Venezuela Weighs Privatizing Oil
(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of […]
PDVSA Total Debt Remained Unchanged In 2019
(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 […]
PDVSA Amuay and Cardon Shuttered
(S&P Global Platts, 27.Jan.2020) — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana […]
PDVSA PetroPiar President Eyes Higher Output
(Energy Analytics Institute, Aaron Simonsky, 24.Jan.2020) — PDVSA PetroPiar President Gabriel Carmona and executives from the mixed company’s management team help meetings to discuss ways […]
Guaido Rubbing Elbows In Surprise Foreign Trip
(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign […]
Oil Is The Only Way Back Up For Venezuela
(Oilprice.com, 19.Jan.2020) — There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key […]
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) — Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a […]
Venezuela Oil Exports Accelerate
(Argus, 16.Jan.2020) — Venezuela kicked off the new year with at least 730,000 b/d of crude exports, led by several India-bound cargoes, according to local […]
Payment Demands In Crypto Pauses Some Oil Purchases
(Bloomberg, 16.Jan.2020) — Some buyers of Venezuelan crude oil have halted purchases after the country started demanding payment of port fees in its failed cryptocurrency. […]
China Scaling Back Economic Support For Maduro: Envoy
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]