TD Cowen Downgrades Chevron Stock
(Energy Analytics Institute, 24.Jan.2024) — TD Cowen downgraded Chevron Corporation’s stock to Market Perform based on its view that Permian and TCO could continue to weigh on the stock due...
![The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]
(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector that had been in place...
Bunge, Chevron Acquire Argentina’s Chacraservicios
(Bunge, 5.Jul.2023) — Bunge (NYSE: BG) and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE: CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group. This latest investment in novel seeds...
Chevron Launches Sale of Congo Oil Assets
(Reuters, 25.May.2023) — Chevron (CVX.N) has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable...
Chevron Boosts Dividend; Reveals $75bn Stock Repurchase Program
(Chevron, 25.Jan.2023) — The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents...
Chevron Can Resume Key Role in Venezuela’s Oil Output
(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude...
Chevron Delivers First Offset-Paired LNG Cargo
(Chevron, 29.Sep.2022) — Chevron Corporation's (NYSE: CVX) subsidiary, Chevron U.S.A. Inc. (Singapore Branch) (Chevron), has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo. Greenhouse gas emissions for the cargo, from...
NRGBriefs: Colombian Presidential Elections; OFAC Extends Chevron License
(Energy Analytics Institute, 27.May.2022) — Energy and political briefs including Colombians going to the polls to elect their next president; OFAC extending Chevron Corporation's license to remain in Venezuela; and...
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference call to discuss its 1Q;22...
US to Ease Some Energy Sanctions on Venezuela
(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told...
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister Martín Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra...
Emerging Oil Nations Reject Climate Curbs On Exploration
(Reuters, 19.Aug.2021) — The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against...
Chevron Reveals 2Q:21 Results
(Energy Analytics Institute, 30.Jul.2021) — Chevron Corporation (NYSE: CVX) reported earnings of $3.1bn or $1.60 per share - diluted for second quarter 2021 (2Q:21) compared to a loss of $8.3bn...
IOCs Take Three Suriname Shallow Offshore Blocks
(Staatsolie, 18.Jun.2021) — Staatsolie Maatschappij Suriname N.V. (Staatsolie) announces that after evaluation of all received bids in the SHO Bid Round 2020/2021, the following companies have submitted the most favorable...
Heard Venezuela: Oil Sales To Chevron
(Energy Analytics Institute, 24.Nov.2020) — Heard on the street in Venezuela related to the sale of Venezuelan oil to US based company Chevron Corporation. OFAC License To Sale Oil To...
Chevron Eyes Biden To Preserve Venezuela Foothold
(Bloomberg, 18.Nov.2020) — Chevron’s willingness to keep a foothold in oil-rich Venezuela will now be a thorny political issue for President-elect Joe Biden to sort out. The U.S. Treasury Department...
PetroPiar And Sinovensa Restart Blending Activities
(Energy Analytics Institute, 8.Oct.2020) — Venezuela’s state oil company Petroleos de Venezuela (PDVSA) has reportedly restarted the PetroPiar and Sinovensa blending units, according to reports from local Venezuelan media El...
Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry
(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela's oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked by an oil strike and...
Chevron And Algonquin Ink Renewable Projects Deal
(Algonquin, 30.Jul.2020) — Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation, and Algonquin Power & Utilities Corp. announced an agreement seeking to co-develop renewable power projects that...
Chevron Announces Deal To Acquire Noble Energy
(Chevron Corp. 20.Jul.2020) — Chevron Corporation entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued...
Chevron Says To Acquire Noble Energy
(Chevron, 20.Jul.2020) — Chevron Corporation has entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued...
Chevron Completes Purchase Of Puma Energy (Australia)
(Chevron, 30.Jun.2020) — Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, today announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all...
Chevron Oil Tangled In US Sanctions On Venezuela
(Reuters, 5.Jun.2020) — A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on...
Chevron Sells Azerbaijan Assets To MOL Hungarian Oil And Gas
(Chevron, 16.Apr.2020) — Chevron Corporation announced its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and...
‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead
(Bloomberg, 1.Apr.2020) — Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country’s Vaca...
Pipeline Blast Halts PetroPiar
(Argus, 10.Mar.2020) — Venezuelan state-owned PdV's PetroPiar joint venture with Chevron suspended upgrading operations following a pipeline explosion early today, three oil workers at the facility tell Argus. The plant...
US Eying Not Renewing Chevron’s Venezuela Waiver
(Reuters, 6.Mar.2020) — The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s...
Venezuela Weighs Privatizing Oil
(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of its oil industry to big...
PDVSA Total Debt Remained Unchanged In 2019
(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in...
PDVSA PetroPiar President Eyes Higher Output
(Energy Analytics Institute, Aaron Simonsky, 24.Jan.2020) — PDVSA PetroPiar President Gabriel Carmona and executives from the mixed company’s management team help meetings to discuss ways to accelerate administrative and operational...
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) — Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a fourth waiver late yesterday from...
PDVSA, Chevron Turn Oil Blender Back Into upgrader
(Reuters, 3.Jan.2020) — Venezuela’s Petropiar facility, a joint venture between state oil company PDVSA and Chevron Corp, is once again operating as a crude upgrader after several months working as...
Chevron To Receive Venezuelan Oil Cargo
(Reuters, Marianna Parraga, 18.Oct.2019) — U.S. oil major Chevron Corp is scheduled this month to receive at least one cargo of crude oil from sanctioned Venezuelan state oil company PDVSA,...
Venezuelan Oil Output Could Be Halved Without Chevron Waiver
(S&P Global Platts, Brian Scheid, 14.Oct.2019) — Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a...
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to...
Maduro Hopes Putin Will Offer More Than Words
(FT.com, Michael Stott and Henry Foy, 24.Sep.2019) — Threats of military invasion, sweeping economic sanctions, people power, recognition of a rival government, even an attempted uprising — the US has...
PDVSA Halts Blending At PetroPiar JV
(Argus, 16.Sep.2019) — Venezuela's national oil company PdV has suspended crude blending at its 210,000 b/d PetroPiar joint venture with Chevron because of storage constraints, according to multiple Venezuelan oil...
Petrobras Finishes Maromba Field Divestment
(Petrobras, 10.Sep.2019) — Petrobras, following up on the release dated 03/08/2019, concluded the sale of its 70% interest in the Maromba field, located in shallow waters in the Campos Basin,...
Petropiar JV Starts Blending
(Reuters, 29.Jul.2019) — Venezuelan state-run oil company PDVSA said on Monday the Petropiar extra-heavy crude upgrader, part-owned by U.S. oil company Chevron Corp, had begun operations as a blending facility....
Peru Gives Tullow Oil Another Shot At Exploration
(Argus, 1.May.2019) — Peru reapproved a contract for UK-listed Tullow Oil to explore shallow-water block Z-64. This is Tullow's second chance with the block, nearly a year after its original...
LatAmNRG Argentina Briefs: Gas Subsidy, Tecpetrol Rigs, Chevron Plans
(Energy Analytics Institute, Aaron Simonsky, 8.Feb.2019) — Heard on the street and LatAmNRG briefs on Moody’s saying changes to Argentina’s gas subsidy could affect investments, Tecpetrol Argentina’s plans to cut...
Ecuador Court Upholds $9bn Chevron Ruling
[caption id="attachment_2109" align="alignnone" width="460"] Oil site in Ecuador. Source: AP[/caption] (AP, 13.Jul.2018) – Ecuador's highest court has upheld a US$9.5 billion judgment against oil giant Chevron for decades of rainforest...
Indigenous Groups Await Chevron Payments
(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Indigenous groups in Ecuador that were affected by activities of San Roman, California-based Chevron in the country continue to await payment from the...
YPF: Company And Chevron To Invest $500 Million In Loma Campana Field
(RTTNews, 23.Oct.2017) — U.S. oil company Chevron and the Argentinean state-owned YPF agreed to the expand the activities at Vaca Muerta’s Loma Campana field in the province of Neuquén, with...
Argentina’s YPF Says Costs Falling In Loma Campana Shale Field
(Reuters, 23.Jun.2017) — Breakeven prices in Argentina’s Loma Campana shale field are $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10...
Next Hot Spot for Shale Drilling? Argentina
(CNN Money, 28.Jul.2016) – Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a "pendulum", going from loose economic...
Loma Campana Shale Hits Stride In Argentina
(Chevron, 18.Mar.2015) — The Loma Campana project, operated by partner YPF S.A., is making impressive progress as the first development project in Argentina’s Vaca Muerta formation, one of the biggest...
Chevron Reaches Settlement in Ecuador
(Chevron, 6.Feb.2015) – Chevron Corporation reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador. Chevron brought claims against DeLeon in...
Chevron, YPF Continue Vaca Muerta Development
(Chevron 10.Apr.2014) — Chevron Corporation confirmed that subsidiaries of the company have signed agreements with the Argentine oil company YPF S.A. to continue development of shale oil and gas resources...