(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 […]
Category: Venezuela
Venezuela energy
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 […]
Contrasting Cases Of Energy Dependence: Venezuela and Trinidad and Tobago
(NACLA, Zophia Edwards and Timothy M. Gill, 14.May.2019) — Trinidad and Tobago used to be as dependent on oil as Venezuela. So why hasn’t its […]
Venezuelan Oil Output Sinks To 500,000 B/D
(Argus, 14.May.2019) — Venezuela’s crude production has dropped to around 500,000 b/d as sluggish export loadings and replete storage force state-owned PdV to shut in […]
Pompeo, Putin Could Decide Venezuela’s Fate
(Oilprice.com, Tsvetana Paraskova, 14.May.2019) — U.S. Secretary of State Mike Pompeo and Russian President Vladimir Putin are meeting on Tuesday to discuss various issues, including […]
Readout Of Secretary Perry’s Visit To Bogota, Colombia
(Energy.gov, 13.May.2019) — Today, U.S. Secretary of Energy Rick Perry was in Bogotá, Colombia for the Concordia Americas Summit, a gathering of government and private […]
Could Emerging Oil State Guyana Become The Richest Nation In The World?
(Oilprice.com, Irina Slav, 12.May.2019) — A tiny South American country until recently known mostly as the location of one of the worst mass suicides in […]
PDVSA’s Oil Exports Steady In April, Flow To Cuba Continues
(Reuters, Marianna Parraga, 3.May.2019) — Venezuela’s state-run PDVSA exported 1.06 million barrels per day (bpd) of crude and refined products last month, an eight percent […]
Oil Tops $73/bbl Then Pares Gains As Venezuela’s Maduro Claims Support
(Reuters, Collin Eaton , 30.Apr.2019) — Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela’s president […]
Finnish Refiner Neste Hit By Venezuela Oil Sanctions
(Reuters, Tarmo Virki, 26.Apr.2019) — Finnish biofuel producer and oil refiner Neste reported a bigger than expected fall in quarterly profit on Friday, with U.S. […]
Venezuela’s Oil Industry Implosion Reaches Chevron
(Oilprice.com, Tsvetana Paraskova, 25.Apr.2019) — Massive blackouts in Venezuela in March and April have drastically reduced oil production at Chevron’s biggest oil joint venture in […]
LatAmNRG Venezuela Briefs: Oil Worker March, Maduro Denounces Citgo Grab
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — Heard on the street and LatAmNRG briefs related to a planned oil and gas sector march slated for […]
Reuters Corrects Story Saying Venezuela Is Avoiding U.S. Sanctions by Funneling Oil Sales Through Russia
(The Moscow Times, 24.Apr.2019) — Reuters has corrected a story it published on April 18 saying Venezuela is funneling cash flow from oil sales through […]
Venezuela’s April Crude Exports Rise To 955,000 b/d After Blackouts
(S&P Global Platts, 24.Apr.2019) — Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from 843,000 b/d in March, when […]
PDVSA Says Morichal Electric Generation Plant Back In Service
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — PDVSA’s Carabobo Division of the Hugo Chávez Orinoco Oil Belt, or Faja, started up the TG200 turbogenerator at […]
PDVSA Says Oilfield Power Generator Activated After Blackouts
(Reuters, 24.Apr.2019) — Venezuela’s state-run oil company PDVSA on Wednesday said it had activated a power generator that would allow for an increase in crude […]
Venezuela Imports Crude For The First Time In Five Years
(Bloomberg, Lucia Kassai, 24.Apr.2019) — Oil production in Venezuela has dipped so low that the owner of the world’s largest reserves is importing crude for […]
Venezuela Seeks To Collect Some Oil Payments Via Rosneft
(Reuters, 19.Apr.2019) — The cash-strapped government is becoming increasingly reliant on the Kremlin. Venezuelan state oil company PDVSA has asked at least two of its […]
Lee: Dragon Gas Deal Dead
(Trinidad and Tobago Newsday, Yvonne Webb, 19.Apr.2019) — Deputy political leader of the United National Congress, Pointe-a-Pierre MP David Lee, has said the Dragon gas […]
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
(Reuters, 18.Apr.2019) — All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, officials from the companies […]
Exclusive: Venezuela Skirts U.S. Sanctions By Funneling Oil Sales Via Russia
(Reuters, Marianna Parraga, 18.Apr.2019) — President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to […]
Repsol Cuts Swap For Venezuelan Oil Under U.S. Pressure
(Reuters, Collin Eaton and Marianna Parraga, 17.Apr.2019) — Spain’s Repsol suspended its swaps of refining products for crude with Venezuela’s state-run oil company PDVSA, people […]
This New Oil Hotspot Is Replacing Venezuelan Crude
(Oilprice.com, Tsvetana Paraskova, 15.Apr.2019) — The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers […]
Fuel-Starved Haiti In Crisis As Venezuela Deal Dies
(Oilprice.com, Tsvetana Paraskova, 15.Apr.2019) — The poorest nation in the Western hemisphere has seen its fuel supply increasingly challenged since a program designed by Venezuela […]
Chevron To Gain Anadarko’s Offshore Guyana Oil Assets After Takeover
(Stabroek News, 14.Apr.2019) — Guyana could see oil exploration activity in the ultra-deepwater region picking up pace in the near future with United States oil […]
Lights Dimming On Big Oil In Venezuela
(Argus, Patricia Garip, 10.Apr.2019) — Darkness has befallen Venezuela in more than one sense, and incumbent oil companies are scrambling for a ray of light. […]
Texas’ Pete Olson Calls For Maduro To Release Citgo 6
(The Katy News, 8.Apr.2019) — Rep. Pete Olson (TX-22) issued the following statement calling on the Maduro regime to release the six Citgo executives, five […]
New U.S. Sanctions Seek To Block Venezuelan Oil Shipments To Cuba
(NYT, Annie Karni and Nicholas Casey, 5.Apr.2019) — The Trump administration announced on Friday its latest round of economic sanctions against the government of President […]
Venezuela flaring nearly 2 Bcf/d of gas as oil production falls
CARACAS, VENEZUELA (Pietro D. Pitts, Energy Analytics Institute, 4.Apr.2019, Words: 280) — Venezuela, home to the world’s largest oil reserves and one of Latin America’s […]
Venezuela Blackouts Cut Oil Output by Half During March
(Bloomberg Fabiola Zerpa, 4.Apr.2019) — Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country’s crude production by half, […]
Turkish Ship Company Is Transporting Venezuelan Crude
(Argus, 4.Apr.2019) — Turkey-based Gungen is one of a handful of shipowners that continues to transport Venezuelan crude oil after the US levied sanctions on […]
Citgo Reports Higher Exports, Crude Throughputs
(Argus, 1.Apr.2019) — Citgo increased fuel exports and domestic crude processing last year, the company said in rare public guidance on the Venezuelan-controlled independent refiner’s […]
LatAmNRG Q&A Series With Refinitiv’s Carl Larry
(Energy Analytics Institute, Ian Silverman, 31.Mar.2019) — As part of Energy Analytics Institute’s ongoing coverage of the Latin America and Caribbean energy sectors from conventionals, […]