(Oilprice.com, Tsvetana Paraskova, 20.Jun.2018) – While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will […]
Tag: OPEC
Venezuelan Oil Output Charting New Lows
(UPI, Daniel J. Graeber, 19.Jun.2018) – Ahead of what could be pivotal talks among OPEC members, production from founding member Venezuela could hit new lows […]
OPEC’s Vienna Meeting: The Challenge of Failing NOCs
(The Council on Foreign Relations, Amy Myers Jaffe, 19.Jun.2018) – As energy ministers from major oil producing countries gather in Vienna this week to discuss […]
Oil Prices Expected to Rise
(FinancialBuzz.com, 19.Jun.2018) – Despite the recent downturn in oil prices, Goldman Sachs remains optimistic. According to Reuters, Goldman Sachs forecast a tighter oil market for […]
Venezuelan Oil Ministry, PDVSA Plan to Boost Output
(Energy Analytics Institute, Piero Stewart, 17.Jun.2018) – Venezuela’s Oil Ministry and PDVSA reiterated joint plans to boost crude oil output by 1 million barrels per […]
Venezuela Oil Exports to China Slump
(Reuters, 17.Jun.2018) – Reuters) – China’s imports of Venezuelan crude oil could sink to their lowest in nearly eight years in July as the OPEC […]
Venezuela Oil Output May Sink To 1 MMb/d
(OilPrice.com, Tsvetana Paraskova, 15.Jun.2018) – Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts […]
PetroAmazonas Production Costs Below $20/bbl
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Production costs at the state entity remain below the $20 per barrel mark. PetroAmazonas EP’s production costs rose […]
PetroEcuador Activities Normal After Earthquake
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Ecuador’s EP PetroEcuador announced all its activities continue under normal conditions after a magnitude 5 earthquake was reported […]
Ecuador Oil Output at 519 Mb/d in May 2018
(Energy Analytics Institute, Jared Yamin, 15.Jun.2018) – Ecuador’s production of crude oil reached 519 thousand barrels per day (Mb/d) in May 2018, up compared to […]
G20 Energy Heads Gather in Argentina
(Xinhua, 14.Jun.2018) – Energy ministers from G20 countries met here on Thursday to discuss transitioning to renewable energy and other alternative green energy. The gathering […]
Venezuela Oil Output Slides to 1.4 MMb/d in May 2018
(Energy Analytics Institute, Piero Stewart, 14.Jun.2018) – Venezuela’s oil production continues its downward slope. Venezuela’s crude oil production fell to 1.392 million barrels per day […]
Venezuela Says 23,319 Wells Have 1.4 MMb/d Recovery Potential
(Energy Analytics Institute, Piero Stewart, 5.Jun.2018) – Venezuela’s Oil Minister Manuel Quevedo says the state oil company has identified 23,319 wells which have potential to […]
Venezuela’s Ex-Oil Czar Sees Economic Collapse Accelerating
(AP, 27.May.2018) – Venezuela’s former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro’s […]
Venezuelan Oil Workers March With Maduro
(Energy Analytics Institute, Ian Silverman, 23.May.2017) – Venezuelan petroleum sector workers accompanied Venezuelan President Nicolás Maduro during a march for peace to the headquarters of […]
Venezuela, China Sign 8 Oil Deals
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – Venezuela signed 22 agreements with China, including eight (8) related to heavy and extra heavy oil ventures in […]
Venezuela, Algeria Officials Discuss Bilateral Coop
(PDVSA, 13.Feb.2017) – Venezuela’s Foreign Minister Delcy RodrĂguez and Oil Minister Nelson MartĂnez visited the People’s Democratic Republic of Algeria to continue working visits to […]
Venezuela’s MartĂnez meets Omani Counterpart
(PDVSA, 10.Feb.2017) – Venezuela’s Foreign Minister Delcy RodrĂguez and the country’s Oil Minister Nelson MartĂnez traveled to the Sultanate of Oman to meet with Omani […]
Ecuador Announces $1 Billion Bond Placement
(Energy Analytics Institute, Ian Silverman, 16.Jan.2017) – Ecuador, the only other Latin American country to belong to the Organization of Petroleum Exporting Countries (OPEC), successfully […]
Venezuela Implements Oil Cut Agreement
(PDVSA, 27.Dec.2016) – PDVSA announced implementation of an agreement to reduce production reached by member and non member countries of the Organization of the Petroleum […]
Venezuela Oil Output to Near 2 MMb/d
(Energy Analytics Institute, Piero Stewart, 27.Dec.2016) – OPEC member nation Venezuela, which produced 2.097 million barrels per day (MMb/d) in November, according to the December […]
Maduro Seeks Price Strategy Closure
(Energy Analytics Institute, Piero Stewart, 23.Dec.2016) – Venezuela’s relentless search for a fair oil price continues as President Nicolas Maduro prepares to travel to various […]
Venezuela Still the Country with the Largest Oil Reserves
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2016) – Venezuela, the resource-rich South American country known for its chocolates, Caribbean beaches, lively citizens and beauty queens, […]
Ecuador’s SOTE Pipeline Spans 503 Kms
(Energy Analytics Institute, 27.Jun.2016, Clifford Fingers III) – Ecuador’s SOTE pipeline spans 503 kilometers from the pumping station Lago Agrio No. 1 in the Amazon […]
PDVSA President Del Pino Orders Co. Audit
(Energy Analytics Institute, Jared Yamin, 24.Jun.2016) – PDVSA President Eulogio Del Pino ordered the investigation into presumed acts of corruption and bribery within the state […]
Ecuador Oil Output 556 Mb/d in May 2016
(Energy Analytics Institute, 21.Jun.2016, Clifford Fingers III) – Ecuador’s oil output reached 556,000 barrels per day in May of 2016, up sequentially from 555,000 barrels […]
PDVSA Completes Directional Work on 70th Well in Maracaibo
(Energy Analytics Institute, Jared Yamin, 20.Jun.2016) – PDVSA’s Western Petroleum Services division has performed services on a total of 70 drilling wells with the recent […]
Venezuela Aims to Boost Oil Output Over Next Six Months
(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela’s President Nicolas Maduro said his country needs to boost its crude oil output over the next six […]
Schlumberger Rigs to Operate Under Different Scheme
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) — Schlumberger’s fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA […]
Venezuela Proposes Production Band Again to OPEC
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) — Venezuela again proposed establishment of a production band during the 169th OPEC meeting in Vienna. The band system […]
PetroEcuador Provides Infrastructure Update
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – At year-end 2015, EP PetroEcuador had the following infrastructure in Ecuador: 10 product pipelines, 8 fuel terminals […]
Ecuador Seeks Foreign Investors for Pacific Refinery
(Energy Analytics Institute, 1.Jun.2016, Clifford Fingers III) – Ecuador’s President Rafael Correa named Horacio YĂ©pez Maldonado as the country’s new ambassador to seek financing for […]
Venezuela Proposes AlĂ RodrĂguez as OPEC Sec-General
(Energy Analytics Institute, Jared Yamin, 1.Jun.2016) — Venezuela proposed to OPEC the appointment of AlĂ RodrĂguez Araque as secretary-general for the organization, reported PDVSA in […]
PDVSA Reports 46% Drop in Hydrocarbon Income
(Energy Analytics Institute, Pietro D. Pitts, 31.May.2016) — Venezuela’s state oil company PetrĂłleos de Venezuela (PDVSA) reported disappointing financial data for 2015 as oil and […]
Venezuela, Trinidad Sign Energy-Related Deals
(Energy Analytics Institute, Pietro D. Pitts, 23.May.2016) – Venezuela’s President Nicolas Maduro and Trinidad and Tobago’s Prime Minister Keith Rowley were both present during an […]
La Libertad Refinery Starts Preventative Maintenance
(Energy Analytics Institute, 11.May.2016, Clifford Fingers III) – The La Libertad Refinery started preventative maintenance on May 15, 2016, reported EP PetroEcuador in an official […]
Ecuador Output Averaged 542 Mb/d in 1Q:16
(Energy Analytics Institute, 9.May.2016, Clifford Fingers III) – Ecuador, the smallest country within the Organization of Petroleum Exporting Countries or OPEC, exported an average 542,000 […]
OPEC Must Be Stronger on Geopolitical Front
(Energy Analytics Institute, Pietro D. Pitts, 8.Oct.2015) – “OPEC should convert itself into a stronger actor in geopolitical, geo-economics, and social areas as well in […]
Venezuela, Saudi Arabia Joint Commission
(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – Venezuela’s Foreign Minister and Vice President of International Affairs at PDVSA, Delcy RodrĂguez, accompanied by Minister of Commerce […]
Del Pino Says Producers Must Overcome Differences
(Energy Analytics Institute, 10.Sep.2015) – “Let’s overcome our differences of opinion between OPEC and non OPEC producers to achieve consensus,” Venezuela’s oil ministry posted via twitter […]
Venezuela to Defend Oil Price Strategy
(Energy Analytics Institute, Jared Yamin, 20.Mar.2015) – Venezuela plans to continue defending a strategy within OPEC that favors higher oil prices versus a strategy based […]
Venezuela Sees US shale Boom As Bonus
(Reuters, Dmitry Zhdannikov, 16.Jun.2014) — Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over […]
Venezuela Seizes Helmerich & Payne Rigs
(TulsaWorld, Rod Walton, 2.Jul.2010) – The action comes amid a payment dispute in which the company left the equipment idle. Helmerich & Payne’s 52-year business […]