(Argus, 17.Oct.2019) — Venezuela’s main political opposition is pressing for a deal with foreign bondholders to suspend a looming $914mn obligation that is tethered to […]
Tag: PDV
Venezuela’s Opposition Snubs PDVSA Bondholders
(Argus, 15.Oct.2019) — 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) — 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) — At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space […]
Cuba Won’t negotiate On Venezuela, But Russia Might
(Miami Herald, Nora Gámez Torres and Michael Wilner, 24.Sep.2019) — Moscow has maintained communication with members of the Venezuelan opposition even as the Cuban government […]
China Stays Venezuela Course
(Argus, 20.Aug.2019) — 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) — 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) — Deadly street protests have erupted in Haiti following the publication of a court report alleging that recent governments mishandled about $2bn in […]
Fire Near PdV’s PLC Refinery Kills Three
(Argus, 9.Jun.2019) — 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 […]
Venezuela’s Opposition Hires Debt Adviser
(Argus, 20.May.2019) — Venezuela’s political opposition contracted with an international adviser to prepare for restructuring the country’s external debt that is expected to exceed $150bn. […]
Venezuelan Oil Output Sinks To 500,000 B/D
(Argus, 14.May.2019) — Venezuela’s crude production has dropped to around 500,000 b/d as sluggish export loadings and replete storage force state-owned PdV to shut in […]
Lights Dimming On Big Oil In Venezuela
(Argus, Patricia Garip, 10.Apr.2019) — Darkness has befallen Venezuela in more than one sense, and incumbent oil companies are scrambling for a ray of light. […]
Turkish Ship Company Is Transporting Venezuelan Crude
(Argus, 4.Apr.2019) — Turkey-based Gungen is one of a handful of shipowners that continues to transport Venezuelan crude oil after the US levied sanctions on […]
Crystallex Court Win Against Venezuela Aided by Finding
(Reuters, Brian Ellsworth, 10.Aug.2018) – Crystallex’s victory in a legal battle with Venezuela that paves the way for it to collect a $1.4 billion award […]
PdV, Joint Ventures Miss Oil Targets
(Argus, 9.Aug.2018) – Venezuela’s state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according […]
Venezuela’s Petropiar upgrader begins restart
(Reuters, 26.Jun.2018) – Venezuela’s PDVSA and Chevron have begun to restart their 210,000-barrel-per-day (bpd) Petropiar heavy crude upgrader after a nearly month-long, repair-related shutdown and […]
PdV Restarting PetroPiar Upgrader
(Argus, 26.Jun.2018) – Venezuelan state-owned PdV is restarting its 210,000 b/d PetroPiar upgrader this week after completing month-long repairs, PdV and energy ministry officials said. […]
Lake Maracaibo: Descent into Chaos [EAItv]
(Energy Analytics Institute, Piero Stewart, 15.Jun.2018) – A brief look at Lake Maracaibo’s descent into chaos. The Maracaibo basin has produced over 43 billion barrels […]
Venezuelan Decree Aims to Boost PDVSA Oil Capacity
(Energy Analytics Institute, Piero Stewart, 5.Jun.2018) – Decree No. 3368, dated April 12, 2018, and published in Gazette No. 41376, establishes a special transitional regime […]
Venezuela’s Grim Realities
(Anthony Venezia, Energy Intelligence, 30.May.2018) — The political and economic crisis afflicting Venezuela typically makes international headlines in connection with the possibility of sanctions being […]
Venezuela’s Energy Sectors Remain Attractive, Unattractive
(Energy Analytics Institute, 28.May.2018) — Venezuela’s upstream, downstream and midstream sectors remain attractive, yet unattractive to investors. Why the contradiction? The three sectors remain highly […]