(Reuters, Timothy Gardner, 26.Jul.2019) — The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s operations in […]
Category: Venezuela
Venezuela energy
Chevron To Keep Drilling In Venezuela Despite Sanctions
(Reuters, 26.Jul.2019) — The administration of United States President Donald Trump said on Friday that it has renewed Chevron Corp’s licence to drill for oil […]
Chevron In Crosshairs As Trump Exerts Maximum Pressure On Maduro
(Bloomberg, Kevin Crowley, Lucia Kassai and Kevin Cirilli, 25.Jul.2019) — Pressure is mounting on U.S. President Donald Trump to end Chevron Corp.’s 100-year presence in Venezuela […]
CITGO Foundation Holds Symposium On Venezuelan Health Crisis
(Citgo, 25.Jul.2019) — The Simón Bolívar Foundation, the 501(c)(3) non-profit, private foundation of CITGO Petroleum Corporation, held an educational and networking event last night for […]
Chevron Call To Chart Venezuela Sanctions
(Argus, 25.Jul.2019) — A US government decision over Chevron’s expiring license to work in Venezuela is the first test of its willingness to ease sanctions […]
Guaido Says To Protect Chevron Assets In Venezuela
(Reuters, Luc Cohen) — Venezuelan opposition leader Juan Guaido said on Tuesday he would seek to protect Chevron Corp’s assets in the country if the […]
Venezuela’s Oil Output Collapse: IHS Markit
(Ford Tanner, 23.Jul.2019) — Venezuela’s political crisis remains in stalemate. Escalating oil-sector sanctions imposed by the United States have contributed to massive declines in crude […]
Venezuela Govt Says Blackouts Caused By ‘Electromagnetic Attack’
(Reuters, 22.Jul.2019) — More than half of Venezuela’s 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout […]
Fallout From Sweet Oil Deal For Venezuela’s Neighbors
(NPR, 20.Jul.2019) — It sounded like such a good idea at the time. The year was 2005. Global oil prices were climbing dramatically. Countries in […]
PDVSA Partly Restarts Amuay After Blackout
(Reuters, 18.Jul.2019) — Venezuelan state oil company PDVSA partly restarted activity at its 645,000 barrel-per-day (bpd) Amuay refinery where a blackout halted operations in early […]
Sanctions Squeeze Venezuela’s EHCO Output
(Petroleum Economist, 18.Jul.2019) — Latin America’s economically troubled oil giant faces the difficult task of significantly raising Asian crude grades. Venezuela’s upgraders have been forced […]
PdV To Tap Fractionator To Replace Imported Naphtha
(Argus, 9.Jul.2019) — Venezuela’s national oil company PdV is seeking to adapt its infrastructure to cope with a shortage of imported naphtha that is hindering […]
Venezuela’s CRP Shuts Down After Blackout
(Oilprice.com, Irina Slav, 8.Jul.2019) — Venezuela’s refining complex CRP has been shut down after a blackout that occurred on Sunday, Argus Media reports, citing union […]
PDVSA to Restart CRP Refining by 10 Jul. 2019
(Argus, 8.Jul.2019) — Venezuela´s state-owned PdV plans to restart crude processing at the 940,000 b/d CRP refining complex by 10 July after electricity supply was […]
Venezuela To Blend Oil To Keep Exports Afloat: OilMin
(Reuters, 2.Jul.2019) — Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in […]
Chevron Seeks Relief From Trump’s Venezuela Oil Sanctions
(Bloomberg, Fabiola Zerpa, Peter Millard and Kevin Crowley, 2.Jul.2019) — Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business […]
Venezuela Reshifts Oil Output
(Reuters, Marianna Parraga and Luc Cohen, 28.Jun.2019) — Venezuelan state oil firm PDVSA is revamping one of its major processing operations geared to supplying U.S. […]
Colombia’s Iván Duque On Climate Change, Venezuela
(NBC, Claire Atkinson, 27.Jun.2019) — Advertising can help combat climate change, says Colombia’s president, Iván Duque, who recently spoke at the Cannes Lions International Festival […]
Court To Decide Fight For Control Of US Refiner Citgo
(Reuters, 26.Jun.2019) — A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, […]
LatAmNRG Heard On The Street: Gas Markets, Argentina Tender
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and […]
Opinion: Two Decades Of 21st Century Socialism In Venezuela
(Energy Analytics Institute, Pietro D. Pitts, 22.Jun.2019) — New data from BP’s Statistical Review of World Energy (2019) provides two 10-year periods of study, which […]
US Seeks Info From Guaido’s Ad-hoc Citgo Board
(Reuters, 19.Jun.2019) — An ad-hoc board of directors for U.S. oil refiner Citgo, named by Venezuelan opposition leader Juan Guaido, said on Wednesday it has […]
Fuel Crisis Denting PdV Upstream Operations
(Argus, 18.Jun.2019) — Venezuela’s severe motor fuel deficit is starting to weigh on the Opec country’s crude production, as oil workers struggle to reach their […]
Canada’s Gulf Coast Exports Up As Venezuela Gap Filled
(Reuters, Collin Eaton, 18.Jun.2019) — Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, […]
Ad Hoc PDVSA Board Suggest Jamaica Suspending Petrojam Takeover
(Energy Analytics Institute, Piero Stewart, 16.Jun.2019) — The ad hoc administrative board of Petróleos de Venezuela (PDVSA) appointed by interim Venezuelan president Juan Guaidó requested […]
Trinidad Moves Past Venezuela To Tap Border Gas
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border […]
Haitians Decry Squandered Venezuelan Oil Funds
(Argus, 11.Jun.2019) — Deadly street protests have erupted in Haiti following the publication of a court report alleging that recent governments mishandled about $2bn in […]
Trinidad Moves Past Venezuela To Tap Border Gas
(Argus, 11.Jun.2019) — Trinidad and Tobago has cleared Shell to develop the country’s side of a shallow-water natural gas field that straddles the maritime border […]
Fire Near PdV’s PLC Refinery Kills Three
(Argus, 9.Jun.2019) — A fire yesterday near state-owned PdV’s 190,000 b/d Puerto La Cruz refinery killed at least three people. Civil emergency and Anzoategui state […]
U.S. Tightens Venezuela Oil Sanctions, Indicates More Actions To Come
(Reuters, Roberta Rampton, 6.Jun.2019) — The U.S. Treasury Department on Thursday tightened its pressure on Venezuela’s state-owned oil company by making clear that exports of […]
Citgo’s Search For CEO Moves Forward, Includes Former PDVSA Executives
(Reuters, Marianna Parraga, 6.Jun.2019) — Citgo Petroleum Corp, the U.S. arm of Venezuela’s state-run oil firm PDVSA, is moving toward appointing a new chief executive, […]
Tempers Flare As Cash Starved Venezuela Starts To Ration Petrol At The Pumps
(AFP, 5.Jun.2019 ) — Maria Lopez complains about gasoline rationing that Venezuela — home to the world’s largest oil reserves — has started introducing in […]
Venezuela Crude Oil Exports Sink In May
(Oilprice.com, Julianne Geiger, 5.Jun.2019) — Venezuela’s oil exports slumped in May as the sanctions levied by the United States staunched the flow of oil from […]
Tanker Sabotage: Venezuela’s Crisis Worsens
(Oilprice.com, Tsvetana Paraskova, 28.May.2019) — Tankers carrying gasoline and ships transporting food for Venezuela were sabotaged last week to prevent them from reaching Venezuela, Nicolas […]
Why Venezuela, The Country With The World’s Largest Oil Reserves Its Short Of Petrol
(CNN, Stefano Pozzebon, 26.May.2019) — For many Venezuelans, oil is a birthright in the country blessed with the largest crude reserves in the world. Despite […]
LatAmNRG Q&A With ANH Colombia: Exploratory Drilling To Start In 2H:20
(Energy Analytics Institute, Piero Stewart, 24.May.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, […]
Venezuelan Petroleum Exports To Cuba Surge In Response To US Sanctions
(Platts, 23.May.2019) — Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents […]
Colombia’s Ecopetrol Says Exports To U.S. Up On Venezuela, Higher Output
(Reuters, 22.May.2019) — Colombia’s state-run oil company Ecopetrol said on Wednesday its crude exports to the United States rose nearly 25% in the first quarter […]
Repsol Winds Down Operations In Venezuela
(VOA, Martin Arostegui, 21.May.2019) — Spain’s Repsol, the last western oil giant with major operations in Venezuela, is leaving the embattled country, as pressure mounts […]
OPEC Founder Venezuela Pumps Less Oil Than Three Of Its Neighbors
(Bloomberg, Lucia Kassai, 20.May.2019) —Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement […]
Russian Oil Sales To U.S. ‘On Steroids’ Amid Venezuela Sanctions
(Bloomberg, Sheela Tobben, 20.May.2019) — Petroleum exports from Russia to the U.S. are growing rapidly as the supplier takes advantage of lost deliveries from sanctions-hit […]
Venezuela’s Opposition Hires Debt Adviser
(Argus, 20.May.2019) — Venezuela’s political opposition contracted with an international adviser to prepare for restructuring the country’s external debt that is expected to exceed $150bn. […]
US Sanctions Mining Company Backing Maduro
(Reuters, 19.May.2019) — The United States imposed sanctions on Tuesday against Venezuela’s state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of […]
Without Venezuela’s Oil, Haiti Struggles To Keep Lights On
(AP, Ralph Thomassaint Joseph, 17.May.2019) — When her daughter was 4 years old, Jennifer Jean started a small catering business in Bourdon, a lower middle-class […]
US Targets Shippers For Bringing Venezuela Oil To Cuba
(AFP, 17.May.2019) — The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba in what it called […]
Gas Station Lines Reappear In Venezuela As Refinery Halts, Fuel Imports Plunge
(Reuters, Mircely Guanipa and Marianna Parraga, 16.May.2019) — Gas station lines reappeared across oil-rich but crisis-stricken Venezuela this week as gasoline imports plunged and the […]
Who Gets Venezuela’s Oil?
(CNN, Allan Dodds Frank, 16.May.2019) — Venezuela’s future is in limbo, as its embattled president continues to fend off a national movement for regime change. […]
Venezuela’s Ad-Hoc PDVSA Board Begins Payment On Citgo-Backed 2020 Bond
(Reuters, Corina Pons and Mayela Armas, 16.May.2019) — Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said […]
Rising U.S. Oil Output Helps Fill Gap Left By Iran, Venezuela: IEA
(Reuters, Noah Browning, 15.May.2019) — The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports […]
LatAmNRG Briefs: OPEC MOMR, EP PetroEcuador Import Awards
(Energy Analytics Institute, Piero Stewart, 14.May.2019) — Heard on the street and LatAmNRG briefs related to OPEC’s Monthly Oil Market Report, EP PetroEcuador awards Trafigura […]