(OilPrice.com, Haley Zaremba, 22.Aug.2017) – In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually […]
Category: Venezuela
Venezuela energy
As Venezuela’s Economy Plummets, Mass Exodus Ensues
(9.Jul.2017, PBS NewHour) – Despite having the largest oil reserves in the world, Venezuela’s economy is in a freefall, necessities have become scarce and tens of thousands of residents are […]
PDVSA’s Del Pino Backs Constituent
(Energy Analytics Institute, Ian Silverman, 23.May.2017) – PDVSA President Eulogio Del Pino announced that he fully backs Venezuelan President Nicolás Maduro in the Constituent Assembly process to defeat what he […]
Venezuelan Oil Workers March With Maduro
(Energy Analytics Institute, Ian Silverman, 23.May.2017) – Venezuelan petroleum sector workers accompanied Venezuelan President Nicolás Maduro during a march for peace to the headquarters of the National Electoral Council (CNE […]
PDVSA’s Deterioration on All Fronts
(Energy Analytics Institute, Pietro D. Pitts, 22.May.2017) – In recent weeks PDVSA has reported at least three accidents: Petrotrin oil spill in Sucre state and incidents at its Cardon and […]
PDVSA, Shell Discuss Gas Exports
(Energy Analytics Institute, Piero Stewart, 21.May.2017) – PDVSA and Shell continue to conduct discussions related to the exportation of Venezuelan natural gas to the twin-nation island of Trinidad and Tobago, […]
PDVSA Contingency Plan for T&T Oil Spill
(Energy Analytics Institute, Ian Silverman, 21.May.2017) – PDVSA reiterated in a twitter post that once the authorities from Trinidad and Tobago notified the company of the Petrotrin oil spill that […]
PDVSA Says Curacao Refinery Fire Out
(Energy Analytics Institute, Ian Silverman, 21.May.2017) – PDVSA announced that it has completely controlled a fire that occurred at its Isla de Curacao refinery. The incident occurred at the distillation […]
PDVSA Says Oil Spill Clean-up Advances
(Energy Analytics Institute, Piero Stewart, 20.May.2017) – PDVSA announced that clean-up activities continue along the Venezuelan coast off Sucre state, related to the spill of crude oil at the Pointe-Ă -Pierre […]
Venezuela Faces Liquidity Crisis
(Piero Stewart, Energy Analytics Institute, 20.May.2017) – Petroleum production below historic average levels, economic distortions on all fronts, the problem with Venezuela, which is clear for the financial markets, is […]
Venezuela’s High Inflation, Hyperinflation
(Piero Stewart, Energy Analytics Institute, 20.May.2017) – “This government doesn’t want to reduce inflation because this government, generating inflation uses it to finance itself,” said opposition lawmaker and Economist JosĂ© […]
PDVSA Guarantees Gasoline, Fuel Supply
(Energy Analytics Institute, Aaron Simonsky, 20.May.2017) – PDVSA continues to guarantee the supply of fuels across the country despite ongoing protests, reported PDVSA in an official statement, citing Commerce and […]
Venezuelan Ranchers Affected by Gasoline Shortages
(Energy Analytics Institute, Jared Yamin, 19.May.2017) – In recent weeks, a reported 66 companies in Venezuela dedicated to the collection of milk have closed their doors and stopped distribution activities […]
PDVSA Steps Up Fuel Security
(Energy Analytics Institute, Ian Silverman, 18.May.2017) – PDVSA has reinforced effects to protect is fuel supply amid ongoing protests across Venezuela. Several protests have led to incidents affecting gasoline distribution […]
PDVSA Halts Cardon Catalytic Unit
(Energy Analytics Institute, Ian Silverman, 16.May.2017) – PDVSA halted the catalytic cracking unit at the 310,000 barrel-per-day CardĂłn refinery in Punto Fijo, reported Reuters, citing a worker at the plant […]
PDVSA, Camimpeg-SPS Ink Maracaibo Deal
(Energy Analytics Institute, Aaron Simonsky, 16.May.2017) – PDVSA in alliance with Camimpeg (CompañĂa AnĂłnima Militar de Industrias Mineras, PetrolĂferas y Gas) and Southern Procurement Services (SPS) plan to boost production […]
IndoVenezolana Opens Injection Plant
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Petrolera Indovenezolana opened a Saltwater Injection Plant in Zuata North field, Anzoátegui state to boost production and prevent reservoir declination. The field, located […]
Trinidad Oil Spill Reaches Venezuelan Beaches
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA has intensified contingency measures to counter the ill effects of an oil spill that occurred last week in neighboring Trinidad and Tobago. […]
PDVSA’s Barinas Plant Ready in June 2017
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA announced construction of a 100-MW electric generation plant located in Barinas state had reached the 98% mark in terms of completion. Work […]
Venezuela Eyes 2018 Presidential Elections
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – Venezuelan President Nicolas Maduro said during a speech televised on national TV that “rain, thunder or lightning, in Venezuela there would be presidential […]
Venezuela to End Oil Rentier Model
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) – Venezuela’s President Nicolas Maduro announced that this year the South American country would change its oil rentier model for an economic model whereby […]
Citgo Says No to Heating Oil Program
(Energy Analytics Institute, 26.Mar.2017) – Houston-based Citgo Petroleum Corporation, the U.S.-based refinery arm of PDVSA, had to skip out on sending heating oil to citizens in the U.S. northeast under […]
Venezuela Output To Fall 100-150 Mb/d in 2017
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) – An inability to boost foreign and domestic investments in Venezuela’s oil sector in 2017 will result in further declines in the Caribbean nation’s […]
Venezuela Not Selling Gasoline in Pesos
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Venezuela expects to receive between $120,000 and $150,000 per day from the sale of its gasoline along the Colombian border, reported the daily […]
Venezuela Holds World’s 8th Largest Gas Reserves
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – Venezuela, the country with the world’s largest crude oil reserves, also continues to hold the world’s eighth largest accumulation of natural gas reserves […]
Jusepin Plant to Assist PDVSA Gas Reduce Flaring
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – PDVSA said that the start of the Jusepin 200 gas processing plant will allow its affiliate PDVSA Gas to reduce gas flaring by […]
Guri Dam Water Level Above 2016 Levels
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – The water level at Venezuela’s Guri Dam was at 261 meters above sea level as of March 1, 2017, and up 12 meters […]
Harvest Natural Announces 4Q:16 Results
(Harvest Natural Resources, Inc., 6.Mar.2017) – Harvest Natural Resources, Inc. announced 2016 fourth quarter and year-end earnings. Harvest posted a fourth quarter 2016 net income of $100.6 million, or $9.00 […]
Mariscal Sucre to Produce 300 MMcf/d
(Energy Analytics Institute, Piero Stewart, 2.Mar.2017) – The Mariscal Sucre offshore project is expected to be producing 300 million cubic feet per day (MMcf/d) in the fourth quarter of 2017, […]
PDVSA Steps up Legal Actions Against PetroSaudi
(PDVSA, 24.Feb.2017) – PDVSA, through its subsidiary PDVSA Servicios SA, has been involved in a legal battle against PetroSaudi Oil Services Ltd. Among other claims, PDVSA seeks to obtain compensation […]
PDVSA, Rosneft Hold Conference on EHCO
(PDVSA, 23.Feb.2017) – PDVSA and the Russian company Rosneft held a technical conference on strategy, innovation and technology for a sustainable future, February 22-23, 2017 at PDVSA Intevep’s headquarters in […]
PDVSA Strengthens Cuba-Venezuela Agreement
(PDVSA, 22.Feb.2017) – The vice president of trade and supply of PDVSA Ysmel Serrano, concluded a work trip to Cuba in order to strengthen energy cooperation ties as part of […]
PDVSA and Schlumberger Discuss Business Relations
(PDVSA, 22.Feb.2017) – On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of PetrĂłleos de Venezuela S.A. (PDVSA) to hold a meeting with PDVSA President Eulogio Del Pino. […]
PDVSA Pays Interest to Bond Holders
(PDVSA, 20.Feb.2017) – PDVSA informed all holders of PDVSA Bonds maturing in 2022, that payment of interest was made on February 17, 2017 corresponding to the semester ending February 2017, […]
PDVSA Actions in RincĂłn, Shiera Cases
(PDVSA, 20.Feb.2017) – As has been informed, PDVSA subsidiary Bariven, S.A., has been the victim of a fraud perpetrated by former contractors and suppliers of the company led by Roberto […]
PDVSA to Investigate Barinas Pipeline Fire
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA announced a fire along a section of an oil pipeline located in Barinas state was controlled with the assistance of the state […]
Venezuela, China Sign 8 Oil Deals
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Venezuela signed 22 agreements with China, including eight (8) related to heavy and extra heavy oil ventures in the OPEC-member country, with an […]
PLC Refinery Conversion to Conclude in 2018
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA estimates that the deep conversion project at its 100 percent owned Puerto La Cruz refinery, which will require foreign investments of $10.5 […]
Lawsuits Push Venezuela to Brink of Default
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – A Paris Court of Appeal’s rejection of an annulment from Venezuela will force the cash-strapped South American country to pay $730 million to […]
Citgo Without CEO After Martinez Leaves
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Citgo Petroleum Corporation has yet to the report on a possible replacement to head the company after its CEO and President Nelson Martinez […]
Venezuela Advances with PLC Conversion Project
(PDVSA, 14.Feb.2017) – Members of the China-Venezuela High Level Joint Commission toured the facilities of the Puerto La Cruz Refinery in Anzoátegui state, to review the progress of the Deep […]
Venezuela, China Hold High Level Commission
(PDVSA, 13.Feb.2017) – The 15th China-Venezuela High Level Joint Commission took place at the JosĂ© FĂ©lix Ribas Hall of Teresa Carreño Theater in Caracas, with the aim of discussing the […]
Venezuela Signs Eight Agreements with China
(PDVSA, 13.Feb.2017) – PDVSA ratified its cooperation with the People’s Republic of China with the signing of eight agreements at the 15th China-Venezuela High Level Joint Commission, which was held […]
Venezuela, Algeria Officials Discuss Bilateral Coop
(PDVSA, 13.Feb.2017) – Venezuela’s Foreign Minister Delcy RodrĂguez and Oil Minister Nelson MartĂnez visited the People’s Democratic Republic of Algeria to continue working visits to member a and non-member countries […]
Venezuela’s MartĂnez meets Omani Counterpart
(PDVSA, 10.Feb.2017) – Venezuela’s Foreign Minister Delcy RodrĂguez and the country’s Oil Minister Nelson MartĂnez traveled to the Sultanate of Oman to meet with Omani Oil Minister Mohammed bin Hamad […]
Why is Venezuela’s Oil Sector So Shattered?
(Igor Hernández, IESA Professor, 8.Feb.2017) – For oil-dependent Venezuela, the drop in oil prices since 2014 has been hard. Combined with the collapse in production, it has created an unprecedented […]
Paris Court Favors with Gold Reserve
(Gold Reserve Inc., 7.Feb.2017) – Gold Reserve Inc. announced that on February 7, 2017, the Paris Court of Appeal rejected all of Venezuela’s arguments and issued a judgment dismissing the […]
PDVSA Exploration VP Tours Faja Ops
(PDVSA, 4.Feb.2017) – PDVSA Vice President of Exploration and Production Nelson Ferrer, led a tour of the facilities of the Orinoco Drill Operators Cooperative Association, which absorbed former Petrex SudamĂ©rica […]
Venezuela Says El Tablazo Targeted
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) – Venezuela’s Electric Energy Minister Luis Motta DomĂnguez announced three persons planned actions to sabotage the sub-station El Tablazo 400 in Zulia state. One […]
New PDVSA Board Preparing for Changes
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) – A newly appointed Board of Directors at PDVSA will be charged with taking actions to prepare the company for the eventually turn around […]