(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, […]
Category: Venezuela
Venezuela energy
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 María 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, […]
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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 […]
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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 […]
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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 Monómeros 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 […]
Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions
(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its […]
Venezuela Tightens Oil Prepayment Rules, Documents Show
(Reuters, 30.Jan.2023) — Venezuela’s state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding […]
Chevron 4Q:22 Earnings Call Transcript, Buybacks and Rising Venezuela Production
(Motley Fool Transcribing, 27.Jan.2023) — Chevron Corporation’s earnings call for the period ending 31 December 2022 with Chairman and Chief Executive Officer Mike Wirth and […]
Paul Questions Dragon’s Gas Revenues for T&T
(Trinidad Express, 25.Jan.2023) — Energy expert Anthony Paul is not convinced that T&T has its ducks lined up to deliver the various sub-projects required to […]
Trinidad/Venezuela Dragon Gas Development Update
(Welligence Energy Analytics, 25.Jan.2023) — The U.S. Department of the Treasury has granted a license to the government of T&T to receive gas from the multi-Tcf offshore […]
Rowley Says OFAC Approves Trinidad’s Development of the Dragon Field
(Office of the Prime Minister of Trinidad and Tobago, 24.Jan.2023) — As you all are aware, the United States is our major trading partner and […]
US Grants License to Trinidad to Develop Dragon Gas Field
(Reuters, 24.Jan.2023) — The U.S. Treasury Department has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial […]
Exiled Venezuela Lawmakers Chosen to Lead Anti-Maduro Fight
(AP, 5.Jan.2023) — Venezuela’s opposition has selected an all-female team of mostly unknown exiled former lawmakers to replace the beleaguered Juan Guaidó as the face […]
Energy Analytics Institute’s NRGBriefs: December 2022
(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on […]
Chevron Sending Two Oil Tankers to Venezuela Under US Approval
(Reuters, 30.Dec.2022) — U.S. oil company Chevron Corp (CVX.N) is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined […]
Diesel Prices in 2023? Don’t Expect Much Relief
(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation […]
Exchange Offers for Venezuelan Government and PDVSA Bonds
(Canaima Fund Lux, 28.Dec.2022) — Canaima Fund Lux (“Issuer“), a securitization fund governed by the Luxembourg Law of 22 March 2004 on securitization undertakings, registered under number O27, […]
LatAm Politics Today from Argentina to Peru
(Reuters, 23.Dec.2022) — The latest in Latin American politics today: ex-ministers in Peru recount Castillo’s dramatic final day, U.S. court rejects Maduro ally’s bid to […]
Rubio, Risch Introduce Legislation to Strengthen US-Venezuela Policy
(Marco Rubio, 20.Dec.2022) — In response to the Biden Administration’s policy of concessions to the criminal Maduro narco-regime, U.S. Senators Marco Rubio (R-FL) and Jim […]
Shunned Over War, Russians Holiday on Venezuelan Resort Island
(Agence France-Presse, 6.Dec.2022) — Venezuela: Shuttled between tourist spots, posing for pictures on beautiful beaches, and dancing awkwardly to merengue: Russian tourists have found a […]
Could A Controversial Chevron Deal Be A Prelude To Venezuela’s Oil Renaissance?
(Forbes, 2.Dec.2022) — A video that state-owned oil giant Petróleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil […]
Chevron unlikely to invest more in Venezuela in short term
(Reuters, 1.Dec.2022, Words: 380) — Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to […]
Welligence: Venezuela Sanctions Update
(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, […]
Maduro Says Granting US Licenses to Chevron ‘Not Enough’
(Anadolu Agency, 1.Dec.2022) — Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed […]
Eased US Sanctions on Venezuelan Oil Provide Weak Supply Boost
(FT.com, 30.Nov.2022) — The ports of the US Gulf of Mexico coast will soon resume shipments that have been absent for more than three years: […]