Venezuela Archives - Page 20 of 47 - Editores LatinPetroleum

Wood Mackenzie Foresees Slow Production Recovery in Venezuela

(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, according details revealed by Wood Mackenzie analyst Marcelo De Assis and Elen Simonyan in a recent report. Highlights from the report published on 21 April […]

NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela

HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario Martínez participating in an official ceremony in Loma Campana to inaugurate the Néstor Kirchner Gas Pipeline […]

US Oil Services Firms Join Push for Revamped Venezuela License

(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]

NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years

(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]

NRGBriefs: Mexico Approves Mining Reform; Argentine Inflation Around 6.7%

(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Mexico’s Chamber of Deputies approving the Mining Law reform, which reserves exploration, exploitation and use of lithium to the state; Argentina’s inflation reaching 6.7% in March 2022, according to economists; power outages impacting citizens in Valencia, Venezuela in Carabobo state; and more. […]

Open Letter to Joe Biden Regarding Venezuela

(Energy Analytics Institute, 14.Apr.2022) — Representatives of the Venezuelan private sector and civil society as well as US government representatives sent an open letter to President Joe Biden regarding the Venezuelan crisis, US policy toward Venezuela, and Venezuela’s humanitarian emergency, amongst other issues. What follows is the complete open letter […]

NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022

(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway on US sanctions on the Venezuelan gov’t and PDVSA only worsening living conditions for the majority of Venezuelan citizens. LATIN AMERICA AND THE CARIBBEAN Argentina […]

NRGBriefs: Trinidad’s fuel subsidy; Citgo Giusti departure; “almost out of the Faja”

(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans to release its 1Q:22 financial results; Citgo Petroleum confirming the departure of Luis Giusti Lugo from its Board of Directors; […]

Biden’s Team is Divided Over New Talks About Oil with Maduro in Venezuela

(Miami Herald, 12.Apr.2022) — Divisions within the Biden administration over whether to continue talks with President Nicolás Maduro in Venezuela have deepened since a senior U.S. delegation met with him in Caracas last month, U.S. and Venezuelan opposition sources familiar with the discussions told McClatchy and the Miami Herald this […]

Russia Emerges as World’s Most Sanctioned Country

(Energy Analytics Institute, 12.Apr.2022) — Russia is now the most sanctioned country in the world, after recently surpassing Iran, according to details released by Caracas-based consultancy Ecoanalitica. “Russia is the most sanctioned nation in the world, with much of its banking system frozen or kicked out of the global financial […]

Citgo Chairman Luis Giusti (Jr.) Ousted After Less Than a Year in Job

(Bloomberg, 11.Apr.2022) — Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after appointing him. Giusti, a 24-year veteran of the oil industry, was dismissed Friday by the board of parent company Citgo Holding Inc., according to people familiar […]

NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022

(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister Martín Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]

NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]

(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]

Cuba Struggles to Buy Fuel as Imports from Venezuela Dwindle -Data

(Reuters, 5.Apr.2022) — Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s invasion of Ukraine make purchases almost unaffordable, according to analysts and data. The Caribbean country, which is dependent on fuel imports mostly […]

NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/ gross production capacity of 250,000 b/d starting in 2025; and the King Abdullah Petroleum Studies and […]

NRGBriefs: US-Venezuela Political Relationship; Repsol’s Sararenda-X3D Well

(Energy Analytics Institute, 1.Apr.2022) — Energy briefs including Sempra naming Glen Donovan as the co.’s new Investor Relations VP; and NPR speaking with author and journalist William Neuman about the tangled relationship between the US and Venezuela, and America’s re-assessment based on the new global oil dynamic. NORTH AMERICA US […]

NRGBriefs: Venezuela’s Oil Minister on Oil Market Stability and Supply

(Energy Analytics Institute, 31.Mar.2022) — Energy briefs including the US Energy Department saying it is ready to execute the president of the United States’ authorization of an immediate release of 1 million barrels per day for 6 months from the Strategic Petroleum Reserve; and Trinidad and Tobago NGL Limited (TTNGL) […]

Citgo Enters 2022 With Strong Momentum

(Citgo, 31.Mar.2022) — Citgo Petroleum Corporation reported its 2021 fourth quarter and year-end financial results. For the fourth quarter of 2021, Citgo generated net income of $21mn, EBITDA (1) of $236mn and adjusted EBITDA of $139mn, representing the strongest quarterly net income and EBITDA performance since the third quarter of 2019, prior to the start […]

PDVSA Seeks Tankers in Anticipation of US Sanctions Easing

(Reuters, 31.Mar.2022) — Venezuela’s state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according to three sources and a document seen by Reuters, a sign the country expects U.S. sanctions on its petroleum sector to be eased. Russia’s invasion […]

NRGBriefs: Chevron Corp.’s $2bn debt in Venezuela [PDF downloads]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Mar.2022, Words: 583) — Energy briefs including ExxonMobil Angola celebrating an important milestone for the Kizomba A FPSO in its achieving its 1000th crude offload; Petrobras filing its Form 20-F for the year ended 31 Dec. 2021; Ecopetrol reporting that the ordinary General […]

NRGBriefs: Lula Participates in Discussion about Fuel Prices in Brazil

(Energy Analytics Institute, 29.Mar.2022) — Energy briefs including former Brazilian President Luiz Inácio Lula da Silva participating in a chat w/ specialists with the Federation of Oil Workers (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil; Shell Colombia and state owned Ecopetrol spudding their Gorgon-2 […]

NRGBriefs: Atlantic LNG Could Save Venezuela Cos. Money Needed for Export

(Energy Analytics Institute, 28.Mar.2022) — Energy briefs including Touchstone Exploration Inc. (TSX, LSE: TXP) reported its 4Q:21 and YE:21 operating and financial results; and Caracas-based Venezuelan Private Capital Association or Venecápital saying that Venezuelan companies in the eastern region of the OPEC country could look to Trinidad and Tobago’s Atlantic […]

EAI brief takeaway: Venezuela and US sanctions

PANAMA CITY, PANAMA (By Editors at Energy Analytics Institute, 26.Mar.2022, Words: 364) — Venezuela’s petroleum sector is again front center on Washington’s radar due to the OPEC country’s massive oil reserves, production potential and proximity after the US imposed sanctions on Russian barrels due to its Ukraine invasion. Energy Analytics […]

NRGBriefs: Venezuela Petroleum Flows to Asia-Pacific Trending Downward

(Energy Analytics Institute, 25.Mar.2022) — Energy briefs including Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young meeting with Touchstone Exploration executives about the company boosting production; Venezuelan petroleum (crude and product) flows to Asia-Pacific continuing a downward trend in March 2022; and Sempra (NYSE: SRE) (BMV: SRE) issuing a […]

NRGBriefs: Venezuela Oil Production Tendencies in Early 2022

(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; and a Venezuelan oil expert in Caracas saying that the OPEC country in the early months of 2022 is importing around 60,000 b/d of condensate […]

NRGBriefs: Zacatecas Silver Provides Update on Panuco Project

(Energy Analytics Institute, 23.Mar.2022) — Energy briefs including Zacatecas Silver Corp. (ZAC:TSX Venture; ZCTSF: OTC Markets; 7TV: Frankfurt) providing an update on its diamond drilling program at the Panuco deposit located within the Zacatecas Property in Mexico; and 2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) updating and significantly […]

If Biden Wants to Lower Gas Prices, he Should Talk to Guyana | Opinion

(Miami Herald, 23.Mar.2022) — President Biden recently sent a team of senior U.S. officials to Caracas for talks with Venezuelan dictator Nicolás Maduro about a possible oil deal to help bring down gas prices in America. But Biden should instead be sending his envoys to a Venezuelan neighbor that could […]

NRGBriefs: Venezuela’s VP Delcy Rodríguez on impact of US sanctions

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Mar.2022, Words: 191) — Energy briefs including Venezuela’s Vice President Delcy Rodríguez commenting on the impact of US sanctions on Venezuela during her 2022 presentation of the “Memoria y Cuenta” to the National Assembly; and a recent election poll from Genial/Quaest published on […]

Chevron, Waiting It Out in Venezuela, Tells US Now Is the Time to Pump Oil

(WSJ, 22.Mar.2022) — For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company could boost production in Venezuela, where the U.S. has banned such activities since 2019. Then Vladimir Putin launched his invasion of Ukraine. Now the Biden administration […]

UWI Economist Urges CARICOM to Look Within for Oil Supplies

(The Gleaner, 20.Mar.2022) — A day after Russia invaded Ukraine, sending oil prices skyrocketing to heights not seen since 2014, McCarthy Marie, a former University of the West Indies economist, wondered aloud whether the United States would consider invading Venezuela, which has some of the largest oil reserves in the […]

NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]

(Energy Analytics Institute, 18.Mar.2022) — Energy briefs including Colombia commencing operations at the first of two green hydrogen pilots in Cartagena; Ecopetrol announcing plans to be producing 1 million tons of hydrogen by 2040; former Brazilian President Luiz Inácio Lula da Silva saying that in the eight yrs of his […]

US sanctions on Venezuela and what they don’t tell you: Luis Vicente León

CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 341) — Datanalisis president Luis Vicente León commented on social media about the rumors around an easing of US sanctions on Venezuela as well as why Venezuela’s President Nicolás Maduro is benefitting the most from Washington’s current restrictions. Excerpts from […]

Washington-Caracas talks driven by 3 factors: Datanalisis’ Luis Vicente León says [video]

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 242) — Talks earlier this month between a delegation from Washington and Venezuela’s President Nicolás Maduro related to 3 issues, according to Datanalisis’ Luis Vicente León, who spoke in a video for HispanoPost via Twitter. Excerpts from his post (see video […]

Defaulted Venezuela Bonds Are Luring Buyers Betting on US Deal

(Bloomberg, 18.Mar.2022) — A bond that trades at 10 cents on the dollar is about as distressed as distressed gets. And yet in Venezuela, which has been mired in default for years, when prices ticked higher around that level this week, it marked a sudden sign of growing optimism. As […]

NRGBriefs: Juan Guaidó Reiterates Call For “Free and Fair” Elections in Venezuela

(Energy Analytics Institute, 17.Mar.2022) — Energy briefs including Venezuela’s opposition leader Juan Guaidó saying the solution to the Venezuelan tragedy is “free and fair” elections; Uranium Energy Corp (NYSE American: UEC) reporting in accordance with NYSE American requirements its Form 10-Q; and Trilogy Metals Inc. (TSX: TMQ) (NYSE: TMQ) announcing the 4th […]

Venezuelans Feel Pain at the Pump as More Gas Stations Charge in Dollars

(Reuters, 16.Mar.2022) — Venezuelan drivers are feeling the squeeze of nagging gasoline shortages as state oil company PDVSA gradually boosts the number of its gas stations that charge them in dollars, five sources in the South American country said. Three of the sources, who all have access to oil sector […]

NRGBriefs: Washington yet to Ease Sanctions on Venezuela

(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a definitive agreement with vendors; and Washington continuing to evaluate easing sanctions on Venezuela that could allow Chevron and other cos. to take control of their […]

Engaging Venezuela Is Worth the Gamble

(Bloomberg, 15.Mar.2022) — A more realistic policy toward the Maduro regime would free up oil supplies and weaken Russian influence. In a bid to ease pressure on global energy supplies, the U.S. has opened talks with the government of Venezuelan leader Nicolas Maduro, which could lead to the lifting of some […]

Brief History: Venezuela’s Heavy Oils and Extraction Strategies

(Energy Analytics Institute, 13.Mar.2022) — A brief history of Venezuela’s initial crude discovery in 1914 and the eventual move to focus on the Orinoco Heavy Oil Belt. Brief History In 1914, Venezuela’s first important heavy oil field, Mene Grade, was discovered. Initial production from the shallow sands located at 550 […]

Popular thermal recovery methods used in Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2022, Words: 521) — Venezuela has historically utilized various thermal recovery methods to assist in the production of its heavy and extra-heavy crude oil (EHCO). A summary of the four most popular in-situ thermal recovery methods follows. ASSISTING IN THE INCORPORATION PROCESS […]

NRGBriefs: Venezuela’s Short-term Ability to Boost Production

(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Venezuela’s ability to boost production over the short-term by around 200,000 b/d; and an oil spill occurring offshore eastern Venezuela near Barcelona. LATIN AMERICA AND THE CARIBBEAN Venezuela — Venezuela has capacity over the short-term to possibly boost production around 200,000 b/d […]

Russian Oil Rigs in Venezuela Complicate US Talks With Maduro

(Bloomberg, 11.Mar.2022) — Much has been written about the hurdles to a U.S.-Venezuela detente that would allow oil from the South American nation to start flowing more freely into international markets. One of them, though, has been overlooked: The presence of a Kremlin-owned company in oil fields all across Venezuela. […]

NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26

(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]

NRGBriefs: Venezuela’s Maduro Back in the Driver’s Seat

(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Washington courting Venezuela amid the Ukraine invasion by Russia and Venezuela’s President Nicolás Maduro likely being the biggest benefactor amid high oil prices and US desperation. LATIN AMERICA AND THE CARIBBEAN Venezuela — Talking Points: Over the short-term Venezuela’s President Nicolás Maduro […]

Maduro Eyes Venezuela Producing 2 MMb/d in 2022

(Energy Analytics Institute, 9.Mar.2022) — “Rain, thunder or lightning, Venezuela will produce 2 million barrels per day in 2022,” the country’s President Nicolás Maduro proclaimed during a national television broadcast. “Now, we are at one million barrels [per day] with our own lungs, but we are ready to reach two million […]

US Turns to Old Foe Maduro to Help Shut Off Russia’s Oil Revenues

(France24, 9.Mar.2022) — Venezuela released two jailed US citizens on Tuesday in an apparent goodwill gesture toward the Biden administration, which has reached out to the regime of Nicolas Maduro as it looks for help in shutting off Russia’s oil revenues amid the war in Ukraine. The release of US nationals […]

Meeks Statement on US Delegation to Caracas

(House Foreign Affairs Committee, 9.Mar.2022) — Representative Gregory W. Meeks, Chair of the House Foreign Affairs Committee, issued the following statement in response to reports that a delegation of senior Biden administration officials traveled to Venezuela to meet with President Nicolás Maduro: “I congratulate the Biden Administration on a successful […]

US Sanctions Hurt Our National Interests — and the Venezuelan People | Opinion

(Miami Herald, 9.Mar.2022) — Now that President Biden has announced a ban on imports of Russian oil, the United States should reevaluate sanctions against Venezuela, double down on targeted sanctions against individuals and reverse broader sanctions that hurt our national interests and the interests of the Venezuelan people and aid […]

Guyana Submits its Memorial on the Merits of its Case Against Venezuela

(Guyana Ministry of Foreign Affairs and International Cooperation, 8.Mar.2022) — Guyana submitted to the International Court of Justice in The Hague, its Memorial on the Merits of its Case against Venezuela – as required by the Court following its decision of 18 December 2020 confirming its jurisdiction to decide the […]

NRGBriefs: Cameron LNG Names New President

(Energy Analytics Institute, 8.Mar.2022) — Energy briefs including Cameron LNG announcing that Whitney “Whit” Fairbanks has been named president of the co. effective 9 Mar. 2022; a webinar on 7 Apr. 2022 titled “la metamorfosis venezolana y sus oportunidades,” with Econanalitica partner Asdrúbal Oliveros, Datanalisis President Luis Vicente León and international […]