(Rystad, 17.Oct.2023) — A reported deal between the US and Venezuela to ease sanctions on the South American country’s oil industry could pave the way […]
Category: Venezuela
Venezuela energy
Energy Chamber Welcomes Progress on Dragon Field Development
(The Energy Chamber, 17.Oct.2023) — The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Trinidad & Tobago Minister of Energy and […]
US State Department: Joint Statement on Venezuela Negotiations
(US Department of State, 17.Oct.2023) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs […]
US Grants License Amendment to Trinidad for Joint Natgas Project with Venezuela
(Reuters, 17.Oct.2023) — The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development […]
T&T Can Pay Cash for Dragon Field Gas
(Trinidad Express, 17.Oct.2023) — Trinidad and Tobago can now make cash payments to VeneÂzuela for the natural gas extracted from the Dragon field, Energy Minister […]
![Trinidad on Amendment to OFAC License [Video]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/meei-hq-in-pos-trinidad-energy-analytics-institute-scaled.jpg)
Trinidad on Amendment to OFAC License [Video]
(TT MEEI, 17.Oct.2023) — The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister […]
Venezuelans Return to Negotiations
(US Treasury, 16.Oct.2023) — The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along […]
Venezuela, Opposition Will Restart Talks, US Could Ease Sanctions
(Reuters, 16.Oct.2023) — Venezuela’s government and the country’s opposition will return to political negotiations, the two sides said on Monday, while sources said the United […]
Oil Dips Below $90 a Barrel as US Agrees Venezuela Deal
(Reuters, 16.Oct.2023) — Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while investors continued […]
US to Ease Sanctions on Venezuelan Oil for Freer Presidential Election
(The Washington Post, 16.Oct.2023) — The Biden administration and the government of Venezuelan President Nicolás Maduro have agreed to a deal in which the U.S. […]
Chevron Readies New Oil Drilling Push in Venezuela to Boost Output
(Reuters, 25.Sep.2023) — Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major […]
Energy Chamber Welcomes Deal to Work on Dragon Field
(Energy Chamber, 21.Sep.2023) — The Energy Chamber is extremely pleased to hear the news that Trinidad & Tobago and Venezuela have signed an agreement to […]
Trinidad and Venezuela Ink Gas-Related Deal
(Energy Analytics Institute, 20.Sep.2023) — The governments of Trinidad and Tobago and Venezuela signed a deal related to energy and bilateral trade. “As good neighbors […]
Maduro Says Venezuela, Trinidad Sign Deal to Share Gas Profits
(Bloomberg, 20.Sep.2023) — President Nicolás Maduro said Venezuela and Trinidad and Tobago have signed a profit-sharing agreement to export gas from the PDVSA-owned Dragon offshore […]
Venezuela: On the Exercise of Hydrocarbon Extraction Activities
(Contributor, Adaelizabeth Omaira Guerrero RodrĂguez, 18.Sep.2023) — The hydrocarbons industry constitutes the main resource of Venezuela, therefore, the study of this area should be the […]
Citgo Petroleum Prices $1.10bn Senior Secured Notes
(Citgo, 14.Sep.2023) — Citgo Petroleum Corporation has priced $1.10bn aggregate principal amount of 8.375% senior secured notes due 2029 in a private offering exempt from the registration […]
Citgo Valued at $32bn-$40bn Ahead of Auction of Shares
(Reuters, 12.Sep.2023) — Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a […]
Which Creditors Will Have Priority for Citgo Share Auction?
(Reuters, 12.Sep.2023) — A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned […]
Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans
(Reuters, 5.Sep.2023) — Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process […]
Exxon Mobil Wants its Piece of Citgo
(USA Today, 17.Aug.2023) — The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, […]
Venezuela Rejects Auction That Could Lead to Citgo Breakup
(Reuters, 15.Aug.2023) — Negotiators and officials representing Venezuela are opposing a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum to pay […]
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
(Reuters, 10.Aug.2023) — Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as […]
EAI’s NRGBriefs: Jul. 2023
(Energy Analytics Institute, 31.Jul.2023) — Energy briefs as well as others related to finance and projects during July 2023 including Dominion Energy (NYSE: D) concluding […]
Who are Venezuela Creditors Seeking to Seize Citgo?
(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes […]
Machado would restructure debt into single bond
CARACAS, VENEZUELA (Bloomberg, 18.Jul.2023, Words: 218) — Opposition frontrunner MarĂa Corina Machado said she would seek to roll Venezuela’s massive debt pile into a single bond as […]
Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors
(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to […]
PDV Holding Recovers Citgo Stock Certificate
(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding […]
Venezuela’s Dictator Maduro is Shameless
(Miami Herald, 16.Jun.2023) — It’s official: The Venezuelan regime will pick a new electoral tribunal to oversee the 2024 presidential elections, and — guess what! — […]
Power Cuts Hit Venezuela’s West
(Reuters, 7.Jun.2023) — Daily power cuts have returned to west-central Venezuela, shutting air conditioners during a heat wave and hitting factories, households and utilities as poorly […]
Trinidad to Restart Idled LNG Unit by Early 2027
(Reuters, 7.Jun.2023) — Trinidad and Tobago aims to restart an idled liquefied natural gas (LNG) unit by the first quarter of 2027 after agreeing to restructure the facility’s […]
PDVSA Bondholders Dismiss Claims Citgo-backed Notes are Invalid
(Reuters, 6.Jun.2023) — Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New […]
EAI’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a […]
Citgo Reports First Quarter 2023 Results
(Citgo, 10.May.2023) — Citgo Petroleum Corporation reported its 2023 first quarter financial and operational results. Favorable refining margins and product yields combined with strong asset […]
EAI’s NRGBriefs: Apr. 2023
(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the […]
Venezuela Seeks a Deal with Biden as Colombia Summit Begins
(NewsWeek, 25.Apr.2023) — As a multinational conference commences in Colombia, Venezuela is looking to make progress in talks not only with the country’s political opposition, […]
![NatGas in Transition to Low-Carbon Economies [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/latam-white-paper-cover.png)
NatGas in Transition to Low-Carbon Economies [PDF Download]
(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for […]
Biden to Discuss Venezuela Sanctions with Colombia’s Petro
(Reuters, 19.Apr.2023) — President Joe Biden will discuss Venezuela in wide-ranging talks with Colombian President Gustavo Petro on Thursday, including U.S. willingness to further ease […]
![KPMG’s Investment in Venezuela Guide 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/investment-in-venezuela-source-kpmg.png)
KPMG’s Investment in Venezuela Guide 2022 [PDF Download]
(KPMG, 17.Apr.2023) — The guide is intended as guidance for prospective foreign investors in Venezuela by covering a broad range of matters relating to company […]
ICJ Delivers Judgement in Guyana v. Venezuela Case
(ICJ, 6.Apr.2023) — On 6 April 2023, the International Court of Justice, the principal judicial organ of the United Nations, will deliver its Judgment on […]
![Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/georgetown-beaches-in-guyana-728x485-1.jpg)
Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]
(Energy Analytics Institute, 6.Apr.2023) — The court finds that the preliminary objection raised by the Bolivarian Republic of Venezuela is admissible. By fourteen votes to […]
Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions
(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s […]
![Global Gas Flaring Tracker Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/us-flaring-2023-source-the-world-bank.png)
Global Gas Flaring Tracker Report [PDF Download]
(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome […]
Ecopetrol Not Advancing Plans to Buy MonĂłmeros Colombo Venezolanos S.A.
(Ecopetrol, 24.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, with regards to statements in the public media about a possible acquisition by Ecopetrol of the […]
Citgo Offers to Purchase $407mn in Senior Notes
(Citgo, 13.Mar.2023) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase (the “Offer”) for cash an aggregate principal amount of up to $406.645mn (the “Excess […]
Citgo Reports 4Q:22 and YE:22 Results
(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter […]
The Dragon Dance
(Trinidad and Tobago Newsday, 25.Feb.2023) — Energy Minister Stuart Young has again expressed confidence that Trinidad and Tobago (TT) would successfully conclude and execute a […]
Trinidad to Begin Negotiations for Gas Deal with Venezuela in March
(Reuters, 24.Feb.2023) — Trinidad and Tobago expects to formally begin negotiations next month with Venezuela on a promising offshore natural gas project, the Caribbean nation’s […]
EAI’s NRGBriefs: Feb. 2023
(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of […]
Iran to Start Revamp at Venezuela’s Largest Refining Complex
(Reuters, 6.Feb.2023) — State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation’s largest refining […]