(Jef Feeley, Nicolle Yapur and Andreina Itriago Acosta, Bloomberg, 31.Dec.2024) â A US judge reset the bidding process for the parent company of Citgo Petroleum […]
Tag: PDV
US Reimposes Venezuela Oil Sanctions
(Argus, 17.Apr.2024) â The US administration today reimposed sanctions targeting Venezuela’s oil exports and energy sector investments and set a deadline of 31 May for […]
No Change Afoot At Venezuela’s Oil Ministry: Sources
(Argus, 10.Dec.2021) â Venezuela’s oil minister Tareck El Aissami returned to work this week after a prolonged medical leave and will not be replaced, a […]
Venezuela Adapts To US sanctions With Rising Oil Flow
(Argus, 3.Nov.2021) â Venezuela is cranking up oil production in a reflection of the Opec country’s moderate success in adapting to operational constraints imposed by prolonged […]
Citgo Boards In Last-ditch Talks With Washington
(Reuters, 22.Oct.2021) â The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held […]
Venezuela Close To Losing More Overseas Assets
(Argus, 30.Sep.2021) â A Dutch court has dealt the latest blow to Venezuela’s shrinking overseas portfolio that neither the Venezuelan government nor its political foes […]
ConocoPhillips Steps Up Push To Collect PdV Debt
(Argus, 23.Sep.2021) â ConocoPhillips stands out in Venezuela’s vast universe of jilted creditors and claimants as a potential future commercial partner for state-owned PdV, a […]
Sucre Energy Bets On Venezuelan Gas
(Argus, 8.Sep.2021) â Venezuela’s abundant hydrocarbons are beckoning a new generation of investors, stepping in where more established companies are pulling out. Sucre Energy, a […]
Citgo Envisions Oil âBridgeâ To Venezuela
(Argus, 23.Aug.2021) â US refiner Citgo has been effectively cut off from its Venezuelan state-owned parent PdV since 2019, but it is still constrained by […]
New Chinese Tax Narrows Venezuela’s Oil Export Options
(Argus, 17.May.2021) â A Chinese tax overhaul threatens to orphan up to 400,000 b/d of Venezuelan heavy sour crude that has been a lifeline for […]
PdV Refinery Suspends Petrol Production
(Argus, 12.Mar.2021) â Venezuelan state-owned PdV suspended gasoline production at its 305,000 b/d Cardon refinery this week as a result of more equipment breakdowns. Cardon […]
Judge Approves Citgo Parent Share Sale
(Argus, 14.Jan.2021) â Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process […]
PdV Turns Refinery Repair Effort To Puerto La Cruz
(Argus, 10.Dec.2020) â PdV has restarted a crude distillation unit at its 190,000 b/d Puerto La Cruz refinery for the first time since 2017, but […]
Venezuelan Opposition Fills PdV Chair On Election Eve
(Argus, 7.Dec.2020) â Venezuela’s opposition-controlled National Assembly named another oil industry veteran to chair a shadow board of Venezuela’s national oil company PdV. The key […]
Venezuela Crude Production, Exports Recover
(Argus, 1.Dec.2020) â Venezuelan state-owned PdV’s crude production and exports have recovered in recent weeks as China resumed direct loadings and a tanker deficit the […]
Bonaire Eyes Curacao Model To Sell Venezuelan Oil
(Argus, 28.Aug.2020) â Another Dutch Caribbean island is racing to safeguard and possibly sell Venezuelan fuel oil before a US sanctions window closes in December. […]
Cash-short Cuba Orders More Power Cuts
(Argus, 26.Aug.2020) â Cuba is deepening power cuts as US sanctions on its main fuel supplier Venezuela make it harder for the island to keep […]
Faulty Heat Exchangers Spill Venezuelan Oil
(Argus, 26.Aug.2020) â An estimated 25,000 bl of oil spilled along western Venezuela’s coastline in recent weeks came from faulty heat exchangers at state-owned PdV’s […]
How Venezuela’s Oil Industry Collapsed: FT.com
(FT.com, 23.Aug.2020) â The country’s oil industry was once the envy of the region, but after decades of mismanagement and corruption the sector is facing […]
Curacao Fuel Sale Touches Venezuela Sanctions Nerve
(Argus, 18.Aug.2020) â A fuel oil cargo stuck off of the Dutch Caribbean island of Curacao is about to be released to an unnamed buyer […]
Aruba Receives Refinery, Development Proposals
(Argus, 31.Jul.2020) â The government of Aruba received proposals to refurbish its refinery and develop alternative industries on the brownfield site. RdA, the state-owned asset […]
Politics Entangling Exile PdV Board
(Argus, 1.Jul.2020) â An “ad hoc” board of state-owned PdV that is a key part of US-backed opposition leader Juan Guaido’s parallel administration is running […]
Venezuela Tightens Grip On Fuel Stations
(Reuters, 28.Jun.2020) â Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences âat any timeâ, only weeks after […]
Wave Of Venezuelan Oil Stalled At Sea
(Argus, 10.Jun.2020) â Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face […]
Restart Of Virgin Islands Refinery Delayed Again
(Argus, 10.Jun.2020) â The restart of an oil refinery in the US Virgin Islands is poised for another delay because of pandemic restrictions. The refinery […]
Venezuela Rolls Out Two-tiered Fuel Pricing
(Argus, 1.Jun.2020) â A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge […]
Q&A: PdV Exile Board Has âLeversâ To Keep Citgo
(Argus, 28.May.2020) â Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela’s state-owned PdV. Appointed by the […]
PdV Keeps Nynas Board Seat After Restructuring
(Argus, 13.May.2020) â Venezuela’s state-owned PdV has retained one seat on the new corporate board of European specialty refiner Nynas after a restructuring that freed […]
FBI Probes Firms Over Venezuela Oil Trading
(Reuters, 13.May.2020) â The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. […]
Venezuelan Oil Plan Runs Aground
(Argus, 8.May.2020) â A sweeping proposal to draw investment into an Opec nation would normally turn some heads. That is what Venezuelaâs US-backed political opposition […]