(Houston Chronicle, Jordan Blum, 10.Aug.2018) â Financially crippled Venezuela likely will lose control of its Houston refining arm Citgo Petroleum once a slew of lawsuits […]
Category: Venezuela
Venezuela energy
Venezuela’s Oil Sales to U.S. in July Below 500 Mb/d
(Reuters, 10.Aug.2018) â Venezuelaâs crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, […]
Crystallex Court Win Against Venezuela Aided by Finding
(Reuters, Brian Ellsworth, 10.Aug.2018) â Crystallexâs victory in a legal battle with Venezuela that paves the way for it to collect a $1.4 billion award […]
U.S. Judge Authorizes Seizure of Venezuelaâs Citgo
(The Wall Street Journal, Andrew Scurria and Julie Wernau, 9.Aug.2018) â A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a […]
Crystallex Can Go After Venezuela’s US Refineries
(Associated Press, 9.Aug.2018) â A Canadian gold mining company on Thursday won the right to go after Venezuela’s prized U.S.-based oil refineries and collect $1.4 […]
PdV, Joint Ventures Miss Oil Targets
(Argus, 9.Aug.2018) â Venezuela’s state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according […]
Venezuela, Saudi Arabia Discuss Partnerships
(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) â Officials from both OPEC countries discussed existing energy partnerships during their meeting in Caracas. Venezuela was represented by […]
Helmerich & Payne Wins Right to Sue Venezuela
(Energy Analytics Institute, Piero Stewart, 8.Aug2018) â U.S. drilling company Helmerich & Payne won a judgment from the U.S. Court of Appeal to sue Venezuela […]
Unsealing Crystallex/PDVSA Documents
(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) â Chief Judge Stark of the US Federal District Court in Delaware immediately agreed with our arguments calling out […]
Venezuela Dodges Oil Asset Seizures
(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) â Reuters) – Venezuelaâs state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports […]
Venezuelaâs Oil Production Turning a Corner?
(FoxBusinss, Leia Klingel, 7.Aug.2018) â Oil production by Venezuelaâs PDVSA may have started to improve, with the state-owned oil and gas producer reporting that production […]
Venezuela Is Oil Marketâs Bizarro World
(S&P Global Platts, Nastassia Astrasheuskaya, 7.Aug.2018) â Venezuela’s state oil and gas company PDVSA cut its debt to Russia’s top crude producer Rosneft by $400 […]
US Abandons Sanctions to Avoid Owning Venezuela Collapse
(S&P Global Platts, Brian Shield, 7.Aug.2018) â Just more than a year ago, it was not a question of âifâ, but âwhen.â As Venezuelaâs leftist […]
Venezuela Waiving All Taxes on Profits from PDVSA
(Energy Analytics Institute, Piero Stewart, 7.Aug2018) â Aside from wasting paper, more importantly, the recent Gaceta Oficial in Venezuela also has a decree from President […]
How Venezuela Gets Plundered
(DW.com, Andreas Knobloch, 6.Aug.2018) â A money-laundering scandal involving Venezuela’s state oil company PDVSA could turn into a problem for a Swiss bank. A German […]
Venezuelan Capital Hit by 80% Power Cut
(AFP, 3.Aug.2018) â A power failure cut electricity to 80 per cent of the Venezuelan capital Caracas Tuesday, provoking transport and communications chaos, authorities said. […]
Citgo Raises $$750,000 for Muscular Dystrophy Association
(Citgo Petroleum Corporation, 31.Jul.2018) â The Muscular Dystrophy Association (MDA) depends on partnerships to fulfill their mission, and as their largest corporate sponsor, Citgo Petroleum […]
Venezuela the Clear Leader in Oil Reserves
(UPI, Daniel J. Graeber, 31.Jul.2018) â An annual review of energy trends from Italian energy company Eni found the United States is a “game changer,” […]
Once Oil Wealthy, Maracaibo Struggles to Keep Lights On
(Reuters, Mayela Armas, 31.Jul.2018) â Across Maracaibo, the capital of Venezuelaâs largest state, residents unplug refrigerators to guard against power surges. Many only buy food […]
Ecopetrol Announces Changes to Management Structure
(Ecopetrol, 31.Jul.2018) â Ecopetrol S.A. reports that at its session on July 27, 2018, Ecopetrol’s Board of Directors approved adjustments to the company’s management structure […]
Power Outage Hits Most of Venezuela’s Capital
(AP, 31.Jul.2018) â Most of Venezuela’s capital is without power following a failure at an electrical plant. Energy Minister Luis Motta Dominguez said on Twitter […]
US Charges Point to Rampant Corruption at PDVSA
https://www.insightcrime.org/news/analysis/us-charges-point-to-rampant-corruption-at-venezuela-state-oil-company/ (InSight Crime, 30.Jul.2018) â US authorities are charging a network of Venezuelan elites and international financial actors with laundering over a billion dollars stolen […]
Venezuela Inflation to Hit 1 Mln Percent. Thanks, Socialism.
(Washington Post, Megan McArdle, 27.Jul.2018) â According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will […]
Venezuela Gasoline Price Likely to Rise
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The price of gasoline in Venezuela is likely to increase. For some services such as gasoline, there will […]
Hiking Gasoline Wonât Fix Venezuelaâs Fiscal Problem
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â Hiking the price of gasoline in Venezuela wonât fix the OPEC countryâs fiscal problem. Thatâs according to recent […]
Falling Oil Output Squeezes Maduro Government
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The continued decline in Venezuelaâs oil production acts to squeeze the government of President Nicolas Maduro, says an […]
SPS Expects Urdaneta Field Output Increase
(Energy Analytics Institute, Piero Stewart, 26.Jul.2018) â Southern Procurement Services (SPS) expects production from the Urdaneta Field in Zulia state to increase to 19,000 barrels […]
EIA Beta Interactive Data Analysis
(Energy Analytics Institute, Ian Silverman, 26.Jul.2018) â Beta data from the EIA provide users with an interactive way to analyze multiple petroleum data. According to […]
Machado Says PDVSA Converted into âJunkâ
(Energy Analytics Institute, Piero Stewart, 25.Jul.2018) â PDVSA has been converted into âjunk or scrapsâ by the administration of the current Venezuelan president. Thatâs according […]
Former Cerro Negro Workers Still Seek Payment
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â It has been 11 years and the 7,000 direct and indirect Venezuelan workers of US oil company Exxon […]
Oil, Electric Sectors to Join Venezuelan Strike
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â Representatives from trade unions from the oil, electricity, food, education and health sectors announced plans to join a […]
Union Official Demands Release of PDVSA Workers
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â The four workers are being held in detention due to accusations they caused a petroleum spill in the […]
Venezuela’s Inflation to Reach 1 Million Percent
(Bloomberg, Andrew Rosati, 23.Jul.2018) â Venezuelaâs inflation will skyrocket to 1 million percent by the end of the year as the government continues to print […]
Venezuela Thermal Plants at 25-30% of Capacity
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â Venezuelaâs thermal generation plants in Caracas are only operating at 25% to 30% of capacity, and units 7, […]
Ex-Venezuelan Energy Official Pleads Guilty
(AP, 20.Jul.2018) â A former official at a state-run electric company in Caracas, Venezuela, pleaded guilty on Monday to money laundering conspiracy relating to an […]
Venezuela Facing ‘Economic Collapse’, IMF Warns
(AFP, 18.Jul.2018) â Venezuela is in a state of âeconomic collapseâ with hyperinflation not seen since the middle of the last century, the International Monetary […]
U.S. Revokes Visa of Citgo CEO
(Bloomberg, Lucia Kassai and Fabiola Zerpa, 18.Jul.2018) â Being a blood relative of Hugo Chavez used to open doors. Now Asdrubal Chavez, cousin of the […]
Venezuela Claims It Plans To Raise Oil Production
(OilPrice.com, Tsvetana Paraskova, 17.Jul.2018) â Venezuelaâs Oil Minister Manuel Quevedo has discussed plans with state-held oil company PDVSA to raise the countryâs crude oil production […]
Why Is Venezuela Still Sending Subsidized Oil To Cuba?
(OilPrice.com, Haley Zaremba, 17.Jul.2018) â In the past, oil has accounted for 96 percent of Venezuela’s exports and over 40 percent of government revenues. Now, […]
How Venezuela Struck It Poor
(Foreign Policy, 16.Jul.2018) â The tragic â and totally avoidable â self-destruction of one of the worldâs richest oil economies. In the spring of 1959, […]
Venezuelaâs Maduro Introduces Petro in Turkey
(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) â Venezuelaâs President NicolĂĄs Maduro introduced âel petroâ during a presentation in Turkey. Maduro reiterated that the Petro crypto-currency […]
Venezuela, Turkey Discuss Oil Supply
(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) â Venezuelaâs President NicolĂĄs Maduro announced the two countries could soon sign a new oil agreement. âA new agreement […]
Machado Says Venezuela âShow Canât Go Onâ
(Energy Analytics Institute, Piero Stewart, 13.Jul.2018) â Opposition leader MarĂa Corina Machado said the âshow canât go onâ during a video broadcast from Punto Fijo. […]
FDI in LAC Region Falls for Third Straight Year
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) â Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, […]
No End In Sight For Venezuelaâs Oil Crisis
(OilPrice.com, Nick Cunningham, 12.Jul.2018) â Venezuelaâs oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus […]
The Caracas Metro: Still Standing For Now
(Energy Analytics Institute, Piero Stewart, 11.Jul.2018) â The subway system serving the Venezuelan capital is on the verge of collapse due to lackluster maintenance amid […]
PDVSA Gas Replaces Section of Gas Pipeline
(Energy Analytics Institute, Piero Stewart, 11.Jul.2018) â PDVSA Gas announced completion of work on the Cariaco-Margarita Wharf section of the Northeast G / J Gas […]
Ecuador, Venezuela Output Down, OPEC Reports
(Energy Analytics Institute, Ian Silverman, 11.Jul.2018) â The Organization of Petroleum Exporting Countries published its July 2018 edition of its Monthly Oil Market Report (MOMR). […]
JusepĂn Oil Spill Demonstrates PDVSA Safety Failures
(Maritime Herald, 9.Jul.2018) â The oil spill that occurred this Friday, July 6 in two tanks of the secondary recovery plant of the JusepĂn Operational […]
Quevedo Prays for Higher Venezuelan Output
(Energy Analytics Institute, Piero Stewart, 8.Jul.2018) â Venezuelaâs Oil Minister General Manuel Quevedo prayed to God in search of divine assistance to boost Venezuelaâs oil […]