LatAm Briefs: Venezuela Oil Output, Ecopetrol Tactical Hedges

(Energy Analytics Institute, 5.May.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s rising crude oil production and tactical hedges in place by Colombia’s Ecopetrol. Venezuela’s Oil Production Continues To Rise Venezuela’s crude oil production continues to rise despite US sanctions that impede it legally trading oil […]

Guaido Team Adds to PDVSA Ad Hoc Board

(Reuters, 1.Jul.2020) — Venezuela’s opposition-held National Assembly on Tuesday named three new members to an ad hoc board of directors for state Petroleos de Venezuela (PDVSA), which controls some of the company’s most important overseas assets. It was the latest shakeup in opposition leader Juan Guaido’s overseas leadership team, which […]

Politics Entangling Exile PdV Board

(Argus, 1.Jul.2020) — An “ad hoc” board of state-owned PdV that is a key part of US-backed opposition leader Juan Guaido’s parallel administration is running into political resistance in the run-up to National Assembly elections in early December. Ten deputies in the opposition-controlled assembly withheld support for three board appointments […]

Guaido Names Execs To Debt Renegotiating Commission

(Energy Analytics Institute, Jared Yamin, 13.Aug.2019) — Venezuela’s National Assembly leader Juan Guaido announced creation of a special commission dedicated to renegotiating the OPEC country’s public debt, the assembly reported Aug. 13 in an official statement. A special presidential advisory commission selected to renegotiate public debt and appointed by the […]

Venezuela Forgoes Nearly $30 Bln in Oil Revenues

(Energy Analytics Institute, Piero Stewart, 12.Jun.2018) – Venezuela will continue to forgo substantial oil revenues this year due to its collapsing production. In the last four years of the administration of Venezuelan President Nicolas Maduro, the country’s oil production has fallen between 1.361 million barrels per day (MMb/d) according to […]