CARACAS, VENEZUELA (By Repsol, 17.Jun.2026, Words: 325) — Repsol has signed a memorandum of understanding with Venezuela’s Ministry of Hydrocarbons and state-owned oil company PetrĂłleos de Venezuela (PDVSA) to assess the potential development of a new area known as HorcĂłn, located southeast of Lake Maracaibo. The agreement was signed today in […]
Tag: Cardon IV
Repsol eyes boosting oil output at Petroquiriquire in Venezuela under agreed conditions
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Apr.2026, Words: 480) — Spain’s Repsol signed an agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company PetrĂłleos de Venezuela (PDVSA) related to boosting production in the OPEC country. The agreement is subject to conditions being met, that will […]
Spain’s Repsol moves to gain control of Venezuelan oil operations
HOUSTON, TEXAS (By Reuters, 16.Apr.2026, Words: 341) — Spain’s Repsol has reached a ‌preliminary agreement with the Venezuelan government and state energy firm PDVSA to gain operational control of an oil joint venture in which it remains a minority stakeholder and to boost production. Under Venezuela’s previous hydrocarbons law, all oil […]
EAI chartalk: Eni SpA in Mexico and Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Apr.2025, Words: 285) — Italy’s Eni SpA operates in 2 key countries in the Latin America and Caribbean (LAC) region where combined production from both countries has been on the uptick in recent years. To be exact, Eni’s operations in Mexico and […]
Repsol CEO Josu Jon Imaz comments on Venezuela situation, Cardon IV production
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 22.Feb.2024) — Repsol CEO Josu Jon Imaz commented on the Spanish company’s operations in Venezuela under Washington’s most recent OFAC license. “We are putting the same metrics we had in November before the license approved by the American administration at the end of the […]
PDVSA, Eni Weigh Options To Transfer Idled Oil
(Reuters, 2.Sep.2020) — Venezuelan state oil company PDVSA and Italy’s Eni are looking at options to safely offload crude from a floating storage facility on Venezuela’s eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions. The companies suspended […]
Venezuela to soon initiate gas shipments to Colombia
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) – Venezuela plans to soon initiate shipments of natural gas to Colombia, reported Venezuela’s new agency AVN, citing the country’s Oil Minister Eulogio Del Pino. The gas will come from the Perla field offshore, which is part of the Cardon IV project.
Venezuela to Start Mariscal Sucre Project by YE:15
(Energy Analytics Institute, Pietro D. Pitts, 1.Oct.2015) – Venezuela will soon start offshore gas production at the Mariscal Sucre project. Production from Cardon IV block is currently at 300 million cubic feet per day (MMcf/d) and expected to reach 450 MMcf/d shortly, said PDVSA President Eulogio Del Pino during a […]
Seaway Signs Perla Gas Deal
(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 gas production platforms complete with tie-in of the subsea infrastructure. The Perla development consists of 3 gas production platforms connected to the shore landing near […]