(Oilprice.com, 23.Apr.2020) â On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down […]
Category: Venezuela
Venezuela energy
Chevron Barred From Drilling In Venezuela
(Reuters, 22.Apr.2020) â Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are âmothballedâ as the Trump administration […]
Chevron In Effect Barred From Venezuela
(Bloomberg, 21.Apr.2020) â Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regimeâs crumbling oil industry another blow […]
Trump Tells Chevron To âWind Downâ In Venezuela
(AP, 21.Apr.2020) â The Trump administration on Tuesday ordered Chevron Corp. to âwind downâ operations in Venezuela by Dec. 1, barring the California-based oil giant […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) â 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) â 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) â 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) â Representatives of Venezuelaâs 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) â 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) â Venezuelaâs state oil company PetrĂłleos 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) â Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduroâs regime, increasing pressure on the country sitting on […]
Venezuela Launches Special Fuel Supply Plan
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) â Venezuelaâs state-owned oil company PetrĂłleos 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) â 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) â 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) â Venezuelaâs President NicolĂĄs 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) â The Kremlinâs 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) â Venezuelaâs 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) â 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) â 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) â 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) â 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) â The SimĂłn BolĂvar 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) â 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) â 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) â 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) â The U.S. quietly unsealed criminal cases against two former officials at Venezuelaâs state oil monopoly this month as part of what American […]
Curacao Seizes PDVSA Oil Terminal In Dutch Caribbean
(Reuters, 20.Mar.2020) â 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) â 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) â 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) â NicolĂĄs Maduroâs 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) â 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) â Venezuelaâs 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) â 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) â 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) â 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) â 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) â Venezuelaâs 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) â 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) â Latin America’s bold plans to tap deepwater, unconventional and heavy oil reserves â already under pressure by coronavirus in key demand markets […]
PdV Names New Shipping Head As Arrests Mount
(Argus, 9.Mar.2020) â 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 SimĂłn BolĂvar Foundation
(Citgo, 8.Mar.2020) â Citgo Petroleum Corporation announced the appointment of Mariela Poleo as President of the SimĂłn BolĂvar Foundation (SBF), the company’s non-profit, private foundation […]
Venezuela Moves To Arrest Numerous Oil Workers
(Energy Analytics Institute, Piero Stewart, 7.Mar.2020) â Venezuela’s government has arrested numerous oil sector workers for presumably providing confidential information to the US government as […]
New Commission To Safeguard PDVSAâs Interest
(Energy Analytics Institute, Piero Stewart, 7.Mar.2020) â Venezuela has established a new Presidential Commission which aims to defend and safeguard the interest of state oil […]
Venezuela Detains Over 30 PDVSA Workers
(Reuters, 7.Mar.2020) â At least 38 workers from Venezuelaâs state oil company Petroleos de Venezuelaâs, including the president of maritime subsidiary PDV Marina, were detained […]
Is 2020 The Year For Regime Change In Venezuela?
(FT, 7.Mar.2020) â There have been enough false dawns in Venezuela to deter any confident predictions but a series of developments â all energy related […]
US Eying Not Renewing Chevron’s Venezuela Waiver
(Reuters, 6.Mar.2020) â The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuelaâs oil exports, including a move […]
OPEC Statutes Roots Point To Caracas
(Energy Analytics Institute, Piero Stewart, 2.Mar.2020) â 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) â Venezuela said Monday it had arrested two officials from state oil company PDVSA for providing the US with âstrategic and sensitiveâ details […]
Venezuela’s Oil Exports Rose Ahead Of Wind-down Date
(Reuters, 2.Mar.2020) â Venezuelaâs oil exports rose 9% in February from the previous month, as some buyers rushed to take cargoes ahead of the expiration […]
Venezuelaâs Maduro Announces PDVSA Shake Up
(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) â Venezuelaâs President Nicolas Maduro revealed key executive changes within state oil company Petroleos de Venezuela (PDVSA) in an […]