Category: Venezuela

Venezuela energy

PDVSA Reports 46% Drop in Hydrocarbon Income

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(Energy Analytics Institute, Pietro D. Pitts, 31.May.2016) — Venezuela’s state oil company PetrĂłleos de Venezuela (PDVSA) reported disappointing financial data for 2015 as oil and […]

Venezuela, Trinidad Sign Energy-Related Deals

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(Energy Analytics Institute, Pietro D. Pitts, 23.May.2016) – Venezuela’s President Nicolas Maduro and Trinidad and Tobago’s Prime Minister Keith Rowley were both present during an […]

Harvest Natural Resources Announces 1Q:16 Results

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(Harvest Natural Resources, Inc., 17.May.2016) — Harvest Natural Resources, Inc. announced 2016 first quarter earnings and provided an operational update. Harvest reported a first quarter […]

Petro San FĂ©lix Cos Study Swapping Coke

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(Energy Analytics Institute, Piero Stewart, 16.May.2016) — A number of international and national coke processing companies visited the Petro San FĂ©lix solids terminal located in […]

PDVSA Pays Interest to 2022 Bondholders

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(PDVSA, 29.Apr.2016) — PDVSA announced that payment of interest was made on April 28, 2016 to all holders of PDVSA Bonds maturing 2022 with an […]

Rosneft to Partner with PDVSA in Mariscal Sucre

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(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Russia’s Rosneft OAO and PDVSA signed an agreement for joint development of production, treatment and the sale of […]

OPEC Must Be Stronger on Geopolitical Front

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(Energy Analytics Institute, Pietro D. Pitts, 8.Oct.2015) – “OPEC should convert itself into a stronger actor in geopolitical, geo-economics, and social areas as well in […]

LatAmNRG: Heard on the Street 3Q:15

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(Energy Analytics Institute, 30.Sep.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as […]

Venezuela, Saudi Arabia Joint Commission

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(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – Venezuela’s Foreign Minister and Vice President of International Affairs at PDVSA, Delcy RodrĂ­guez, accompanied by Minister of Commerce […]

Venezuela Oil Sector Viable with $40/bbl

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(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – “A $40 per barrel oil price is not a low price for Venezuela,” says Ramon Espinasa, oil economist […]

Venezuela’s Good, Bad Position

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(Energy Analytics Institute, 14.Sep.2015) – In terms of decisions made by Venezuelan government, a former AVHI executive in Caracas shares his thoughts. “What is good […]

PDVSA Falsely Accusing Innocent Workers

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(Energy Analytics Institute, Piero Stewart, 14.Sep.2015) – PDVSA is falsely accusing innocent workers of smuggling fuel, according to an oil union official. “By falsely accusing […]

Venezuela Records Quake in Sucre State

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(Energy Analytics Institute, Piero Stewart, 10.Sep.2015) – A 4.5 magnitude quake was reported in Venezuela’s Sucre state (41km north of Guiria), Venezuelan Seismological Foundation (Funvisis) […]

Del Pino Says Producers Must Overcome Differences

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(Energy Analytics Institute, 10.Sep.2015) – “Let’s overcome our differences of opinion between OPEC and non OPEC producers to achieve consensus,” Venezuela’s oil ministry posted via twitter […]

Petrobras Pays Fine in USA

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(Petrobras, 20.Aug.2015) – Regarding media reports on the payment of a fine to U.S. authorities, Petrobras states there is nothing ongoing regarding any payment of […]

Ecopetrol Oks Creation of New Subsidiary

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(Ecopetrol S.A., 19.Aug.2015) – The Board of Directors of Ecopetrol S.A., in its meeting held on 14.Aug.2015, authorized the creation of a Colombian company indirectly […]

Fitch Affirms Corpoelec IDRs

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(Fitch, 13.Aug.2015) – Fitch Ratings has affirmed Corporacion Electrica Nacional S.A.’s (CORPOELEC) local and foreign currency Issuer Default Ratings (IDRs) at ‘CCC’. ***

PDVSA’s Planned Shutdown of Cardon FCC Unit

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(Energy Analytics Institute, Pietro D. Pitts, 11.Aug.2015) – The Paraguana Refining Center (CRP) will initiate a preventive shutdown of the Cardon Refinery’s Fluidized Catalytic Cracking […]

PetroDelta Generates $173.3 Mln in Revenue

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(Harvest Natural Resources, Inc., 7.Aug.2015) – Harvest Natural Resources, Inc. announced second quarter 2015 earnings and provided an operational update. Harvest reported a 2Q:15 net […]

Venezuela Eyes Gas Exports, LNG

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(Energy Analytics Institute, 18.Jun.2015) – Petroleos de Venezuela SA (PDVSA) plans to boost investments in the Venezuelan natural gas sector over the next five years […]

Harvest Sets CAPEX at $265 Million

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(Harvest Natural Resources, Inc., 19.May.2015) – Harvest Natural Resources said that during the first quarter of 2015, Petrodelta drilled and completed four development wells and […]

Harvest Reports 1Q:15 Results

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(Harvest Natural Resources, Inc., 19.May.2015) – Harvest Natural Resources, Inc. (HNR) reported a 1Q:15 net loss of approximately $5.6 million, or $0.13/share diluted, compared with […]

Baker Hughes Announces 1Q:15 LatAm Results

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(Baker Hughes Incorporated, 21.Apr.2015) – Baker Hughes Incorporated announced results for the first quarter of 2015. Latin America revenue was $493 million for the 1Q:15, […]

Seaway Signs Perla Gas Deal

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(Seaway Heavy Lifting, 9.Apr.2015) – Seaway Heavy Lifting entered into a contract with Cardon IV in Venezuela for transportation and installation of the Perla project […]

CB&I Awarded Tank Contract in Venezuela

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(CB&I, 1.Apr.2015) – CB&I was awarded a contract for approximately $60 million for the engineering, procurement, fabrication and construction of storage tanks in Venezuela. “CB&I […]

Economist Comments on Venezuela Exchange Controls

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(Energy Analytics Institute, Ian Silverman, 30.Mar.2015) – “The exchange controls don’t have an economic justification and is used only as a form of political domination,” […]