(Energy Analytics Institute, Piero Stewart, 29.Feb.2020) â The PetroboscĂĄn joint venture, which partners Venezuelan Petroleum Corporation (CVP) and Chevron Corp., is advancing with a management […]
Category: Venezuela
Venezuela energy
Opinion: Can Venezuelaâs Oil Sector Ever Recover?
(IAD, 28.Feb.2020) â 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) â 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) â Members of a committee tasked with overhauling Venezuelan state oil firm PetrĂłleos de Venezuela, S.A., or PDVSA, asked the company’s vice presidents […]
BoquerĂłn JV Advances With Gas Lift Pilot
(Energy Analytics Institute, Piero Stewart, 22.Feb.2020) â The BoquerĂłn joint venture, comprised of state oil company PetrĂłleos de Venezuela, SA (PDVSA) and Russian oil company […]
Trump Wants Pressure Raised On Maduro
(Bloomberg, 21.Feb.2020) â 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) â 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) â 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) â 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) â Venezuelaâs President Nicolas Maduro declared an âenergy emergencyâ 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) â Washingtonâs move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuelaâs state-run PDVSA escalated […]
Latest Rosneft Sanctions Raise Risks For Others
(Reuters, 19.Feb.2020) â Washingtonâs move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuelaâs state-run PDVSA escalated […]
Maduro’s PDVSA Shake Up Amid Oil Emergency
(Bloomberg, 19.Feb.2020) â Venezuelaâs President Nicolas Maduro declared an âenergy emergencyâ as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]
Maduro Accused Of “Disappearing” US Oilmen
(AP, 19.Feb.2020) â Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduroâs government of âforced disappearanceâ after the men were […]
Could Rosneft Sanctions Signal End To Chevron’s Venezuela Waiver?
(S&P Global Platts, 18.Feb.2020) â 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) â 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) â The sanctions announced by the U.S. Treasury Department against Rosneftâs subsidiary RTSA and its Chairman are illegal, unjustified, and an act of […]
Ending Putinâs Support Of Venezuela Not Easy For US
(AP, 18.Feb.2020) â In October 2016, the head of Russiaâs largest oil company traveled to the birthplace of Hugo ChĂĄvez, in the empty, sweltering plains […]
Venezuela, Rosneft and US Sanctions Complications
(S&P Global Platts, 18.Feb.2020) â US efforts to starve Venezuelaâs 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) â 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) â Venezuelaâs state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened […]
Chavezâs Legacy Oil Hasn’t Been Broken?
(The Globe and Mail, 13.Feb.2020) â In terms of its trademark nationalist approach to its economy â the crown jewel of which has long been […]
Ask No Questions, Tell No Lies
(Argus, 11.Feb.2020) â Juan Guaido is finally returning to Caracas today, with a vow to dislodge the âusurperâ so he and his team of exiles […]
Citgo Names Jack Lynch As Chief Compliance Officer
(Citgo, 11.Feb.2020) â Citgo Petroleum Corporation announced the appointment of Jack Lynch as the companyâs new Chief Compliance & Ethics Officer. Lynch will continue to […]
US Imports Of Russian Residue Complicate Venezuela Sanctions
(Argus, 10.Feb.2020) â 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) â 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) â Trinidad and Tobagoâs Prime Minister the Honourable Keith Rowley provided details related to the agreement […]
Beyond The Dragon Deal
(Trinidad Newsday, 5.Feb.2020) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â Venezuelaâs 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) â 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) â PDVSA PetroPiar President Gabriel Carmona and executives from the mixed companyâs management team help meetings to discuss ways […]
Guaido Rubbing Elbows In Surprise Foreign Trip
(Argus, 20.Jan.2020) â 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) â Thereâs only one path to rebuilding Venezuela, and itâs paved with oil. For the time being, that path leads nowhere. The key […]
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) â 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) â 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) â 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) â The Trump administrationâs envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]
Abrams Sees China Scaling Back Support For Maduro
(Reuters, 15.Jan.2020) â The Trump administrationâs envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]
Maduro Authorizes Sale Of 4.5 MMbbls In Petros
(Energy Analytics Institute, Piero Stewart, 14.Jan.2020) â Venezuelaâs President NicolĂĄs Maduro signed a decree for the mandatory and immediate fulfillment of the sale of 4.5 […]
PDVSA’s Partners As Oil Traders Amid Sanctions
(Reuters, 13.Jan.2020) â Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to […]
After $1bn Venezuela Deal, US Oilfield Firm Shuts Doors
(Reuters, 12.Jan.2020) â An Oklahoma oilfield company that played a central role in Venezuela’s high profile attempt to convince the world it could halt production […]
Citgo Announces Small Grants Program Winners
(Citgo, 24.Jan.2020) â The SimĂłn BolĂvar Foundation Inc. (SBF), a non-profit, private foundation of CITGO Petroleum Corporation, awarded seven grants totaling $100,000 to nonprofits that […]
Maduro Seeks Oil Contract Changes: Lawmakers
(Reuters, 8.Jan.2020) â Venezuelaâs ruling Socialist Party hopes legislators it recently declared to be in charge of congress will approve changes to ownership of some […]
Guaido Survival Likely To Buy Chevron More Time
(Argus, 7.Jan.2020) â The White House appears likely to extend a waiver for Chevron to operate in Venezuela after US-backed opposition leader Juan Guaido overcame […]