(Reuters, 1.Oct.2020) — Reliance Industries has agreed to purchase 2 million barrels of Canadian heavy crude per month, three industry sources said, as a substitute for dwindling Venezuelan supply. The...
(Reuters, 9.Jul.2020) — India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is...
(Petrobras, 4.May.2020) — Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contributes to strengthening the company's cash flow. The...
(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,...
(Argus, 24.Mar.2020) — Some gasoline is trickling into Venezuela, while a few crude cargoes are still getting out, but the volumes and revenue are dwarfed by the US-sanctioned country's dire...
(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...
(Argus, 16.Jan.2020) — Venezuela kicked off the new year with at least 730,000 b/d of crude exports, led by several India-bound cargoes, according to local and international shipping data obtained...
(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...
(Reuters, Nidhi Verma and Marianna Parraga, 15.Oct.2019) — India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than...
(US Treasury, 10.Sep.2019) — U.S. Special Representative for Venezuela Elliott Abrams discussed issues related to Venezuela during a Live At State from Washington, D.C. MODERATOR: Hello. I’m Vanessa Acker, the...
(Cogencis, Sukalp Sharma, 20.Aug.2019) — ONGC Videsh Ltd plans to relinquish three exploratory blocks–RC-9, RC-10, and GUA OFF-2–in Colombia in the current financial year ending March due to adverse hydrocarbon...
(Platts, 6.Aug.2019) — The US escalated sanctions against Venezuela late Monday and may use the executive order to target crude flows to China and India, analysts said Tuesday. Highlights Analysts...
(Argus, 29.Jul.2019) — India's imports of Venezuelan crude jumped by 25pc year on year in June and by 37pc from May, reflecting the limited reach of US sanctions on the...
(Reuters, 18.Apr.2019) — All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers, officials from the companies told Reuters. Indian refiners are...
(Petrobras, 18.Apr.2019) — Petrobras announces that it has completed the drilling of the well 3-SES-192 (Petrobras nomenclature) / 3-BRSA-1367-SES (ANP nomenclature)l in the area known as Moita Bonita, located in...
(The Christian Science Monitor, Timmy Broderick, 8.Apr.2019) — Solar panels, wind turbines, geothermal vents – all three are technologies that were once solely the province of wealthy nations. Now they...
(Financial Express, Huma Siddiqui, 1.Apr.2019) — With big plans to converting all its vehicles to an electric platform by 2030, India is reaching out to the `Lithium Triangle’ in South...
(Economic Times of India, 25.Mar.2019) — New Delhi: India may increase oil imports from Brazil and Mexico to offset the loss of Venezuelan oil in the wake of US sanctions...
(Energy Analytics Institute, Ian Silverman, 25.Mar.2019) — Heard on the street and LatAmNRG briefs on YPFB expecting to incorporate 4 MMcm/d of gas production in 2019, Bolivia seeking to boost...
(ANI, 25.Mar.2019) — President Ram Nath Kovind on Monday embarked on a state visit to Croatia, Bolivia and Chile to hold talks with the leaders of these countries and strengthen...
(Economic Times, Sanjeev Choudhary, 18.Mar.2019) — India is considering Venezuela’s proposal to use rupee for trade payments to protect the current oil import from the South American nation facing hardening...
(Reuters, Lesley Wroughton, Luc Cohen, Marianna Parraga, 10.Mar.2019) — The United States is pressing India to stop buying oil from Venezuelan President Nicolas Maduro’s government, Washington’s top envoy for Venezuela...
(Oilprice.com, Tsvetana Paraskova, 6.Mar.2019) — Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference...
(BBC, Jack Goodman, 25.Feb.2019) — The United States has imposed tough sanctions on Venezuela’s oil industry to put pressure on President Nicolás Maduro to step down. Oil dominates Venezuela’s economy,...
(Economic Times, Dipanjan Roy Chaudhury 14.Feb.2019) — India hopes to benefit from Argentine agriculture sector, a strong pillar of local economy, besides tapping natural gas deposits. With an eye on...
(Argus, 11.Feb.2019) — India´s two leading refiners will continue to import Venezuelan crude but will no longer supply oil products to Venezuela´s state-owned PdV because of US sanctions, Indian downstream...
(Energy Analytics Institute, Piero Stewart, 4.Feb.2019) — Amerisur Resources Plc spud the Calao-1X exploration well on the CPO-5 block using rig E-2029 on February 1, 2019, the company announced in...
(Bloomberg, Dhwani Pandya, Serene Cheong, and Debjit Chakraborty, 29.Jan.2019) — After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has...
(The Hindu, 5.Jan.2019) — ONGC Videsh Ltd., the overseas arm of State-owned Oil and Natural Gas Corp. (ONGC), on Saturday said it has made a second oil discovery in Colombia...
(Reuters, 5.Jan.2019) — India’s ONGC Videsh, the overseas investment arm of the country’s biggest explorer, Oil and Natural Gas Corp, has found more oil in a block in Colombia, a...
(The Hindu Business Line, 1.Dec.2018) ) — Several Indian companies, including Jindal Steel Works, TCS, Godrej, Dr Reddy’s, Wipro Technologies, Tata Motors, Bajaj Auto and Mahindra & Mahindra, are operating...
(Reuters, Alexandra Ulmer, Nidhi Verma, 31.Oct.2018) — Venezuela’s state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for...
(Financial Express, Huma Siddiqui, 9.Oct.2018) — With the India-Colombia bilateral trade $1.5 bn, India lifted oil close to $ 400 million from January to July this year-- an increase of...
(The Hindu Business Line, Vishwanath Kulkarni, Richa Mishra, 30.Sep.2018) — India is considering setting up a rupee-payment mechanism for trade with Venezuela, besides exporting rice and drugs to the South...
(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) – A small Central American country will be considered a pioneer in the region with use of a type of “eco-friendly asphalt” that gives...
(Reuters, Marianna Parraga, 3.Jul.2018) – Venezuela’s crude shipments to India, its third largest export market, fell 21 percent in the first half of the year, according to internal documents from...
(Reuters, 29.Jun.2018) – India’s Sterlite, China’s State Grid, and Colombia’s Isa clinched licenses to build power transmission lines in Brazil in a government auction on Thursday that is expected to...
[caption id="attachment_960" align="alignnone" width="688"] Reliance and PDVSA officials during their discussions in Caracas. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 28.Jun.2018) – Officials from PDVSA and Reliance assess new trade...
(PTI, 23.Jun.2018) – India and Cuba have agreed to enhance cooperation in biotechnology, renewable energy and traditional medicine as President Ram Nath Kovind held wide-ranging talks with his Cuban counterpart...
(PTI, 21.Jun.2018) – India will also extend a Line of Credit of USD 27.5 million to support a power transmission project in PikinSaronarea and another Line of Credit of USD...
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Petrolera Indovenezolana opened a Saltwater Injection Plant in Zuata North field, Anzoátegui state to boost production and prevent reservoir declination. The field, located...
(Energy Analytics Institute, Piero Stewart, 28.Apr.2016) — PDVSA has started work on the heavy oil treatment plants at the joint-venture companies Petrolera Sinovensa and Petrocarabobo, located in the south of...
(Gran Tierra Energy Inc., 11.May.2015) – Gran Tierra Energy Inc. announced several new executive appointments effective immediately: Ryan Ellson, Chief Financial Officer; Alan Johnson, Vice President, Asset Management; Lawrence West,...
(Energy Analytics Institute, 30.Mar.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. REGARDING COLOMBIA * A...
(Energy Analytics Institute, Ian Silverman, 29.Mar.2015) – “PDVSA has completely diversified its oil markets, conquering spaces in Asia, India, Europe and South America, among others, and with a great presence...
(Energy Analytics Institute, Ian Silverman, 7.Oct.2013) – The 1st Business Round-table meetings between Venezuelan and Indian companies took place in Caracas from October 7-9, 2013. Highlights from the round-table follow:...
(Energy Analytics Institute, Ian Silverman, 11.Sep.2013) – Malaysia's Petronas will exit the Petrocarabobo project in Venezuela's Orinoco Heavy Oil Belt or Faja, according to Venezuela's Oil Minister Rafael Ramirez. The...
(Energy Analytics Institute, Piero Stewart, 27.Jul.2013) – PDVSA's and Venezuela’s Oil Minister President Rafael Ramirez spoke at the closing of the Sixth National Production Meetings in Puerto Ordaz, Venezuela. What...