HOUSTON, TEXAS (Reuters, 11.Apr.2025) â At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, […]
Tag: OFAC
OFAC eats Dragon, revokes license for Dragon and Cocuina fields
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 8.Apr.2025) â The Office of Foreign Assets Control (OFAC) has revoked 2 special licenses important to Trinidad […]
Treasury Sanctions 6 Individual and Other Entities with Links with the Sinaloa Cartel
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Mar.2025) â The department of the US Treasury’s Office of Foreign Assets Control (OFAC) designated 6 individuals and […]
OFAC Releases GL41A Stipulating Chevron Wind Down in Venezuela [PDF Download]
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) â The Office of Foreign Assets Control (OFAC) issued General License No. 41A on 4 Mar. […]
Official Statement: Multilateral Action Maintains Pressure on Maduro and his Representatives
(US Department of Treasury, 10.Jan.2025) â Today, the Department of the Treasuryâs Office of Foreign Assets Control (OFAC) is sanctioning eight Venezuelan officials who lead […]
Broken Promises: US Oil Sanctions and Venezuela
(Rystad Energy, 29.Apr.2024) â For President Joe Biden, the situation in Venezuela remains a fly in the ointment, weighing on the administrationâs energy and foreign […]
OFAC Issues GL44A to Replace GL44 in Venezuela
(Energy Analytics Institute, 17.Apr.2024) â The U.S. Office of Foreign Assets Control (OFAC) issued General License 44A, which supersedes and replaces General License 44, and […]
Negotiations Fail to Renew Venezuela Sanctions Relief License
(S&P Global, 17.Apr.2024) â A few hours before the expiration of a temporary oil and gas sanctions relief license, the governments of Venezuela and the […]
US Not to Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
(Reuters, 15.Apr.2024) â The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas […]
FAQs: Suspension of Certain U.S. Sanctions with Respect to Venezuela
(OFAC, 2.Feb.2024) â Actions by Maduro and his representatives in Venezuela, including the arrest of members of the democratic opposition and the barring of candidates […]
OFAC on Wind Down of Transaction of CVG [PDF Download]
(Energy Analytics Institute, 29.Jan.2024) â The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 43A on 29 Jan. […]
OFAC Updates on PDVSA Bond, Transactions [PDF Download]
(Energy Analytics Institute, 16.Jan.2024) â The US Office of Foreign Assets Control (OFAC) authorized certain transactions related to state-owned PetrĂłleos de Venezuela, S.A.‘s 2020 8.5% […]
On the Uses and Misuses of Venezuela Sanctions
(CSIS, 29.Nov.2023) â Over the last month, the Biden administration has presided over a sea change in U.S. policy toward Venezuela. The recent lifting of sanctions on […]
The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]
(Rafael RamĂrez, 16.Nov.2023) â 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 […]
Eni CFO Gattei Says Venezuela âClearly Is Now An Opportunityâ
(Energy Analytics Institute, 27.Oct.2023) â The CFO of Eni S.p.A., Francesco Gattei, commented on the situation in Venezuela during the Italian companyâs third quarter 2023 […]
Venezuelaâs Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA
(EIA, 23.Oct.2023) â The U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuelaâs energy sector on October 18 […]
Biden Eases Sanctions on Venezuelan Oil, Republicans Howl
(Politico, 18.Oct.2023) â The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the […]
FAQ: Suspension of Certain US Sanctions on Venezuela [PDF Downloads]
(US Department of State, 18.Oct.2023) â On October 18, 2023, the United States welcomed the announcement of a political agreement between representatives of Maduro and […]
Energy Chamber Welcomes Progress on Dragon Field Development
(The Energy Chamber, 17.Oct.2023) â The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Trinidad & Tobago Minister of Energy and […]
T&T Can Pay Cash for Dragon Field Gas
(Trinidad Express, 17.Oct.2023) â Trinidad and Tobago can now make cash payments to VeneÂzuela for the natural gas extracted from the Dragon field, Energy Minister […]
Venezuelans Return to Negotiations
(US Treasury, 16.Oct.2023) â The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along […]
Exxon Mobil Wants its Piece of Citgo
(USA Today, 17.Aug.2023) â The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, […]
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
(Reuters, 10.Aug.2023) â Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as […]
PDV Holding Recovers Citgo Stock Certificate
(PDV Holding, 26.Jun.2023) â PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding […]
EAIâs NRGBriefs: Apr. 2023
(Energy Analytics Institute, 30.Apr.2023) â Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the […]
OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]
(OFAC, 17.Apr.2023) â The Office of Foreign Assets Control (OFAC) is issuing this alert to warn US persons about possible evasion of the price cap […]
Rowley Says OFAC Approves Trinidad’s Development of the Dragon Field
(Office of the Prime Minister of Trinidad and Tobago, 24.Jan.2023) â As you all are aware, the United States is our major trading partner and […]
Could A Controversial Chevron Deal Be A Prelude To Venezuelaâs Oil Renaissance?
(Forbes, 2.Dec.2022) â A video that state-owned oil giant PetrĂłleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil […]
Enhancing the US-UK Sanctions Partnership
(US Treasury, 17.Oct.2022) â As Directors of two of the worldâs leading financial sanctions implementation authorities, we are committed to our close working relationship. As […]
Chevron Applies for Venezuela License Renewal
(Reuters, 1.Sep.2022) â Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to […]