MONTERREY, MEXICO (By Energy Analytics Institute and Editores LatinPetroleum, 16.Oct.2026, Words: 245) — Company briefs spanning details on the Chamber of Exploration and Production of Hydrocarbons in NeuquĂ©n, NG Energy and […]
Tag: CNPC
ADNOC accelerates gas growth strategy with $6.2bn FID for Umm Shaif Gas Cap
ABU DHABI, UAE (By ADNOC, 21.Jul.2026, Words: 429) — ADNOC is accelerating its integrated global gas growth strategy with a $6.2bn (AED22.6bn) final investment decision (FID) to develop the Umm Shaif […]
Eni takes FID for Mozambique’s Coral North FLNG project
MAPUTO, MOZAMBIQUE (By Eni, 2.Oct.2025, Words: 409) — Eni and its partners CNPC, ENH, Kogas, and XRG have reached the final investment decision (FID) to develop the Coral North FLNG […]
Private Chinese firm producing oil in Venezuela under rare 20-year pact, source says
SINGAPORE/HOUSTON (By Chen Aizhu and Marianna Parraga, Reuters, 22.Aug 2025, Words: 526) — China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a […]
CNPC and EP Petroecuador ink deal to recondition wells offshore Ecuador in the Amistad field
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 18.Aug.2025, Words: 305) — EP Petroecuador and the National Petroleum Corporation of China (CNPC) signed a specialized contract for the reconditioning […]
Petrobras says BĂşzios field surpasses record level of 900,000 b/d
SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 18.Aug.2025, Words: 430) — The Petrobras-operated BĂşzios field set a production record and surpassed output of 900,000 barrels per day (b/d) […]
Petrobras finds high-quality oil at Santos Basin exploration well 3-BRSA-1396D-SPS
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 9.May.2025, Words: 238) — Brazil’s Petrobras identified the presence of high-quality oil with no contaminants in an exploratory well in Aram block […]
Petrobras Finds Hydrocarbons at Santos Basin Pre-salt Exploration Well 4-BRSA-1395-SPS
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 17.Mar.2025) — Petrobras identified the presence of hydrocarbons in the 4-BRSA-1395-SPS exploratory well in the Aram block, an important asset for exploring […]
SBM says FPSO Alexandre de GusmĂŁo leaves China for Brazil
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024, Words: 428) — The floating production storage and offloading (FPSO) Alexandre de GusmĂŁo has left the COSCO Shipping (Qidong) Offshore shipyard […]
Mero 3 FPSO Starts Production in Libra Pre-salt Offshore Brazil
(Energy Analytics Institute, 30.Oct.2024) — Brazil’s state-owned Petrobras announced that on 30 Oct. 2024 the Marechal Duque de Caxias platform ship (Mero 3) has started producing oil and gas in […]
Sepetiba Platform Reaches Top Pre-salt Production
(Petrobras, 28.Aug.2024) — The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, […]
Petrobras Puts Platform Vessel into Pre-salt Production
(Petrobras, 31.Dec.2023) — Petrobras put into production today the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero’s third production system, with the […]
![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 RamĂrez, 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 […]
QatarEnergy Selects CNPC as NFE Partner
(QatarEnergy, 20.Jun.2023) — QatarEnergy signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE). […]
KAPSARC and CNPC Affiliate Ink Research and Innovation Deal
(KAPSARC, 6.Dec.2022) — On 6 December 2022, the King Abdullah Petroleum Studies and Research Center (KAPSARC), a leading Riyadh-based advisory think tank, signed a memorandum of understanding (MoU) with the […]
bp Begins Shipping LNG from Mozambique’s First LNG Project
(bp, 14.Nov.2022) — bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility ever deployed in the deep waters […]
Mozambique’s First LNG Cargo Departs from Coral Sul FLNG
(Eni, 13.Nov.2022) — Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment […]
Chinese Firm Takes Over Lifting Venezuelan Oil for Debt Offset
(Reuters, 26.Aug.2022) — China has entrusted a defense-focused state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas’ billions of dollars […]
Coral South Introduces Hydrocarbons to FLNG Offshore Mozambique
(Eni, 18.Jun.2022) — Eni, as Upstream Delegated Operator of Area 4 on behalf of its partners ExxonMobil, CNPC, GALP, KOGAS and ENH, announces that the Coral South Project has safely […]
Libra Consortium Starts Production at Mero Field’s FPSO Guanabara
(Shell Brasil, 2.May.2022) — Shell Brasil PetrĂłleo Ltda., a subsidiary of Shell plc, announces the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil. […]
Wood Mackenzie Foresees Slow Production Recovery in Venezuela
(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, according details revealed by Wood […]
Venezuela: Nov. Oil Output Rises To 660 Mb/d
(S&P Global Platts, 30.Nov.2021) — Oil production by Venezuela’s state PDVSA and its foreign partners rose to 660,000 b/d in November, up 40,000 b/d from October, Nov. 30 PDVSA production […]
CNPC prepares to revive Venezuela operations
(Bloomberg, 1.Sep.2021, Words: 597) — China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to attract more international investment. Once […]
Venezuela Adjusts As Sanctions Spur Western Oil Partners To Retreat
(Reuters, 1.Jun.2021) — Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, […]
Venezuela Crude Stocks Drop As Exports Pick Up
(Reuters, 26.Jan.2021) — Venezuelan state oil company PDVSA’s inventories of its main export crude grade dipped this week to their lowest levels since late November, internal company documents seen by […]
China Buys Venezuelan Oil Doctored To Skirt Sanctions
(Bloomberg, 22.Jan.2021) — It may be the oil market’s worst-kept secret: Millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse […]
Venezuela’s Oil Production Sinks To 300,000 b/d
(Argus, 3.Jul.2020) — Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series of internal operation reports from […]
End Of Venezuela’s Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for […]
Wave Of Venezuelan Oil Stalled At Sea
(Argus, 10.Jun.2020) — Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face growing risk of US sanctions […]
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) — Venezuela’s crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot afford to dismiss weaker price […]
Venezuela’s Oil Output Falls To Five-month Low
(Reuters, 30.Mar.2020) — Venezuela’s crude production ended last week at around 670,000 barrels per day (bpd), according to documents seen by Reuters and two people with access to output data, […]
Venezuela Cause Drifting Off International Agenda
(Argus, 10.Mar.2020) — Venezuela’s US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to focus on slowing the spread […]
Is 2020 The Year For Regime Change In Venezuela?
(FT, 7.Mar.2020) — There have been enough false dawns in Venezuela to deter any confident predictions but a series of developments — all energy related — suggest that 2020 could […]
Latest Rosneft Sanctions Raise Risks For Others
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated threats facing non-U.S. firms and […]
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 […]
Oil Is The Only Way Back Up For Venezuela
(Oilprice.com, 19.Jan.2020) — There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key to controlling everything now lies […]
China Scaling Back Economic Support For Maduro: Envoy
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged a diminishing role largely due […]
Abrams Sees China Scaling Back Support For Maduro
(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged a diminishing role largely due […]
PDVSA’s Partners As Oil Traders Amid Sanctions
(Reuters, 13.Jan.2020) — Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp, […]
Maduro Seeks Oil Contract Changes: Lawmakers
(Reuters, 8.Jan.2020) — Venezuela’s ruling Socialist Party hopes legislators it recently declared to be in charge of congress will approve changes to ownership of some crucial state oil assets, five […]
Venezuelan Oil Exports Fell By A Third In 2019
(Reuters, 7.Jan.2020) — Venezuela’s oil exports plummeted 32% last year to 1.001 million barrels per day, according to Refinitiv Eikon data and state-run PDVSA’s reports, as a lack of staff […]
PDVSA Cedes Oilfield Operations To Foreign Firms
(Reuters, 3.Jan.2020) — Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles due to sanctions and a […]
US Cuts Venezuelan Flows Plans For China, Rosneft
(S&P Global Platts, 24.Dec.2019) — US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a matter of weeks after being […]
Maduro Govt Eyes Turning Point
(Argus, 20.Dec.2019) — PdV is leaning on joint-venture partners as it looks to continue a nascent crude output revival and live up to an improved economic outlook for 2020 The […]
Petrobras Seeks Alternatives For Comperj
(Petrobras, 18.Dec.2019) — Petrobras has completed the economic feasibility study regarding the completion of the Comperj refinery construction, together with the Chinese company CNPC and its affiliates, under the agreements […]
PDVSA, Partners Produce 500,000 b/d Of Orinoco Crude
(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% of its 1.3 million b/d […]
Quality Testing Guyana’s First 3 MMbbls
(Demerara Waves, Denis Chabrol, 16.Dec.2019) — The Ministry of the Presidency’s Department of Energy denied breaching the procurement process for sale of Guyana’s first three million barrels of oil aimed […]
Venezuela Oil Output Rises
(Reuters, 10.Dec.2019) — Venezuela’s crude output in November jumped more than 20% from the prior month to the highest level since the United States tightened sanctions on state oil company […]
Venezuela Gov’t, Opposition Weigh Giving Firms Operating Rights
(Reuters, Luc Cohen, Deisy Buitrago, Mayela Armas, 6.Dec.2019) — Venezuela’s government and opposition have discussed allowing private companies in joint ventures with state oil company PDVSA to operate oil fields […]
Brazil’s Pre-salt Encore Flops
(Argus, 7.Nov.2019) — Brazil’s pre-salt auction today mirrored the lackluster results from yesterday’s much-hyped Transfer of Rights offer, raising questions about bonus pricing, the appeal of the country’s production-sharing terms […]