(Oilprice.com, 29.Apr.2020) â Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that […]
Tag: PDV
Fire Reduces Venezuelan Heavy Crude Flow
(Reuters, 28.Apr.2020) â The latest fire to erupt at one of Venezuelan state-owned PdV’s oil installations has temporarily knocked out up to 130,000 b/d of […]
Venezuela Floats Lean PdV With Russia Unit
(Argus, 27.Apr.2020) â The two Maduro loyalists who have been effectively running Venezuela’s national oil industry for two months were officially appointed today as acting […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) â The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their […]
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) â 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 […]
Economic Fallout From Virus Felt In Venezuela
(ABC News, 16.Mar.2020) â NicolĂĄs Maduroâs government on Monday banned gasoline sales in two states as part of a broader lock-down to stem panic buying […]
PDVSA Partners Fret Over Managerial Vacuum
(Argus, 12.Mar.2020) â A presidential commission tasked with reorganizing Venezuela’s state-owned PdV is sowing confusion among the oil company’s joint venture partners over who is […]
Pipeline Blast Halts PetroPiar
(Argus, 10.Mar.2020) â Venezuelan state-owned PdV’s PetroPiar joint venture with Chevron suspended upgrading operations following a pipeline explosion early today, three oil workers at the […]
PdV Names New Shipping Head As Arrests Mount
(Argus, 9.Mar.2020) â Venezuelan state-owned PdV named a new head of its shipping unit following 38 arrests over alleged fuel theft. PdV Marina’s new president […]
Venezuela Promises Another Oil Revival
(Argus, 20.Feb.2020) â Venezuela’s embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company […]
Ask No Questions, Tell No Lies
(Argus, 11.Feb.2020) â Juan Guaido is finally returning to Caracas today, with a vow to dislodge the âusurperâ so he and his team of exiles […]
Storage Constraints Prompt PdV To Consider Oil Pits
(Argus, 28.Feb.2020) â Venezuela’s PdV has exhausted its storage capacity and is now considering digging open-air pits to hold swelling stocks that US sanctions are […]
Venezuela Oil Exports Accelerate
(Argus, 16.Jan.2020) â 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 […]
Citgo Drops Aruba Refinery Project, Island Balks
(Argus, 13.Jan.2020 â Citgo, the US refiner that Venezuela’s political opposition nominally wrested from the Opec country’s national oil company PdV in 2019, is abandoning […]
Maduro Govt Eyes Turning Point
(Argus, 20.Dec.2019) â PdV is leaning on joint-venture partners as it looks to continue a nascent crude output revival and live up to an improved […]
PdV Gets Curacao Reprieve
(Argus, Patricia Garip, 2.Dec.2019) â Venezuela’s state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal […]
Guaido Sacks Colombia Envoy, Oil Boss Freites Quits
(Argus, 27.Nov.2019) â Another prominent figure in Venezuela’s US-backed parallel administration has abruptly departed and an oil union leader has quit the main opposition political […]
Rosneft Cool On Venezuelaâs Sweeter Gas Terms, For Now
(Argus, 6.Nov.2019) â Venezuela is offering sweeter fiscal terms to Russia’s state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby […]
Repsol Lowers Venezuela Exposure
(Argus, 4.Nov.2019) â Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small […]
Brazil Targets Greek Tanker For Spill
(Argus, 1.Nov.2019) â Brazil is targeting a Greek-flagged tanker as the source of a catastrophic oil spill that has spread across the northeastern coast. Federal […]
Maduro Rivals Seek Break With Citgo
(Argus, 17.Oct.2019) â Venezuela’s main political opposition is pressing for a deal with foreign bondholders to suspend a looming $914mn obligation that is tethered to […]
Venezuelaâs Opposition Snubs PDVSA Bondholders
(Argus, 15.Oct.2019) â Venezuela’s opposition-controlled National Assembly signaled to bondholders today that it will not honor a $914mn principal and interest obligation because it says […]
PdV-CNPC JV Managers Arrested
(Argus, 7.Oct.2019) â Senior managers of Venezuelan state-owned PdV’s heavy crude-blending joint venture with Chinese state-owned CNPC were arrested late last week, days after the […]
PdV Floods Cuba With Stranded Oil
(Argus, 3.Oct.2019) â At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space […]
Cuba Wonât negotiate On Venezuela, But Russia Might
(Miami Herald, Nora GĂĄmez Torres and Michael Wilner, 24.Sep.2019) â Moscow has maintained communication with members of the Venezuelan opposition even as the Cuban government […]
China Stays Venezuela Course
(Argus, 20.Aug.2019) â The Chinese government is so far showing no sign of curtailing its oil ties to Venezuela, despite state-owned PetroChina’s rescheduling of Merey […]
Fuel Crisis Denting PdV Upstream Operations
(Argus, 18.Jun.2019) â Venezuela’s severe motor fuel deficit is starting to weigh on the Opec country’s crude production, as oil workers struggle to reach their […]
Haitians Decry Squandered Venezuelan Oil Funds
(Argus, 11.Jun.2019) â Deadly street protests have erupted in Haiti following the publication of a court report alleging that recent governments mishandled about $2bn in […]
Fire Near PdVâs PLC Refinery Kills Three
(Argus, 9.Jun.2019) â A fire yesterday near state-owned PdV’s 190,000 b/d Puerto La Cruz refinery killed at least three people. Civil emergency and Anzoategui state […]
Venezuelaâs Opposition Hires Debt Adviser
(Argus, 20.May.2019) â Venezuela’s political opposition contracted with an international adviser to prepare for restructuring the country’s external debt that is expected to exceed $150bn. […]