(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter total refinery crude throughput of 797,000...
(Reuters, 24.Feb.2023) — Trinidad and Tobago expects to formally begin negotiations next month with Venezuela on a promising offshore natural gas project, the Caribbean nation's energy minister said on Feb....
(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela;...
(Reuters, 6.Feb.2023) — State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation's largest refining complex to restore its crude...
(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad...
(Reuters, 30.Jan.2023) — Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in...
(Reuters, 24.Jan.2023) — The U.S. Treasury Department has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, a senior Biden administration...
(Reuters, 30.Dec.2022) — U.S. oil company Chevron Corp (CVX.N) is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in...
(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation fuel tightened. However, analysts expect...
(Canaima Fund Lux, 28.Dec.2022) — Canaima Fund Lux ("Issuer"), a securitization fund governed by the Luxembourg Law of 22 March 2004 on securitization undertakings, registered under number O27, and more precisely for and...
(Forbes, 2.Dec.2022) — A video that state-owned oil giant Petróleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil Minister Tarek El Aissami and...
(Reuters, 1.Dec.2022) — Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in...
(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, Welligence announced 1 December 2022...
(Anadolu Agency, 1.Dec.2022) — Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed on Venezuela are "headed in...
(FT.com, 30.Nov.2022) — The ports of the US Gulf of Mexico coast will soon resume shipments that have been absent for more than three years: tankers full of Venezuela’s heavy...
(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27;...
(AFP, 30.Nov.2022) — Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and called Wednesday for the total...
(US Department of State, 26.Nov.2022) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell...
(Al Jazeera, 26.Nov.2022) — The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to...
(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude...
(Reuters, 23.Nov.2022) — Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and its opposition resume political talks,...
(Citgo, 10.Nov.2022) — Citgo Petroleum Corporation reported 2022 third quarter net income of $477mn and EBITDA of $804mn, compared to net income of $1.29bn and EBITDA of $1.86bn in the second quarter of 2022. Highlights: Reported third quarter...
(Reuters, 4.Nov.2022) — The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four...
(MEEI, 24.Oct.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met today, Monday 24 October 2022...
(Rystad, 24.Oct.2022) — As the supply side of the oil business continues to tighten globally, calls within the US to ease sanctions on what was once one of Latin America’s...
(Xinhua, 17.Oct.2022) — Iranian Petroleum Minister Javad Owji said on Sunday that Iran has started refining its crude oil in Venezuela, SHANA news agency affiliated to his ministry reported. Iran...
(Citgo, 10.Oct.2022) — A carbon compensated crude oil cargo sold by Ecopetrol and purchased by Citgo Petroleum Corporation is currently making its way to the Citgo Corpus Christi refinery for...
(Energy Analytics Institute, 19.Sep.2022) — A lightning strike at the oxidation and water treatment lagoon of PDVSA’s Puerto La Cruz Refinery on 19 September 2022 didn’t impact the operations of...
(Reuters, 1.Sep.2022) — 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 revamp joint ventures in the...
(Reuters, 12.Aug.2022) — Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for...
(Citgo, 11.Aug.2022) — Citgo Petroleum reported a second quarter net income of $1.29bn and EBITDA of $1.86bn compared to net income of $245mn and EBITDA of $518mn in the first quarter of 2022. Highlights: Reported second quarter net...
(Citgo, 11.Aug.2022) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase for cash an aggregate principal amount of up to $286.231mn (the "Excess Cash Flow Offer Amount") of its 9.25%...
(Argus, 28.Jul.2022) — Spain's integrated Repsol has resumed its crude-for-debt deal with Venezuela, and said the arrival of around 3mn bl of Venezuelan crude at its Spanish terminals this month...
(Reuters, 5.Jul.2022) — Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration and production projects in the...
(Energy Analytics Institute, 17.Jun.2022) — Energy briefs including the US Department of Treasury announcing the removal of former PDVSA Vice President Carlos Erik Malpica Flores from OFAC’s SDN list. LATIN...
(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on Sunday reported that Eni SpA...
(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up for Russian crude, Reuters reported, citing...
(Reuters, 30.May.2022) — Venezuela's state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers and public transportation drivers to...
(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms...
(Energy Analytics Institute, 23.May.2022) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to be on “maximum alert” in the face of what he called...
(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and a loss of $(180)mn for the first...
(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the US-backed opposition and...
(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told...
(Energy Analytics Institute, 16.May.2022) — Venezuela Petroleum Chamber President Reinaldo Quintero spoke with Venezuelan media outlet Globovision on 16 May 2022 about US sanctions imposed on Venezuela, state owned Petróleos...
(Energy Analytics Institute, 11.May.2022) — Energy briefs including Argentina’s state-owned YPF delivering strong results during the 1Q:22 and again achieving higher hydrocarbon production; Ecopetrol CEO Felipe Bayón saying the Colombian...
(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General of the Organization of Petroleum...
(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical Complex’ in Anzoátegui State during...
(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and OPEC Secretary General Mohammad Barkindo...
(Energy Analytics Institute, 7.May.2022) — Energy briefs including the Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo visiting Venezuela to participate in meetings with the South American country's...
(Reuters, 6.May.2022) — Venezuela's oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil upgrading capacity available, according to...
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss deepening bilateral cooperation mechanisms between...
(Energy Analytics Institute, 1.May.2022) — Venezuelan workers from across various sectors together with workers from the still important petroleum sector marched to Miraflores Presidential Palace in Caracas to celebrate international...
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with its already well-established gas economy...
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022...
(Energy Analytics Institute, 22.Apr.2022) — Venezuela is home to the Hugo Chávez Orinoco Heavy Oil Belt, also known as the Faja, which contains original oil in place (OOIP) estimated at...
(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, according details revealed by Wood...
(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute's short takeaway on US sanctions on the...
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic...
(Reuters, 5.Apr.2022) — Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia's invasion of...
(Citgo, 31.Mar.2022) — Citgo Petroleum Corporation reported its 2021 fourth quarter and year-end financial results. For the fourth quarter of 2021, Citgo generated net income of $21mn, EBITDA (1) of $236mn and adjusted EBITDA...
(Reuters, 31.Mar.2022) — Venezuela's state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according to three sources and a...
(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; and a Venezuelan oil expert...
(WSJ, 22.Mar.2022) — For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company could boost production in Venezuela,...
(Energy Analytics Institute, 18.Mar.2022) — Talks earlier this month between a delegation from Washington and Venezuela’s President Nicolás Maduro related to the three issue, according to Datanalisis’ Luis Vicente León,...
(Bloomberg, 18.Mar.2022) — A bond that trades at 10 cents on the dollar is about as distressed as distressed gets. And yet in Venezuela, which has been mired in default...
(Reuters, 16.Mar.2022) — Venezuelan drivers are feeling the squeeze of nagging gasoline shortages as state oil company PDVSA gradually boosts the number of its gas stations that charge them in...
(Energy Analytics Institute, 13.Mar.2022) — A brief history of Venezuela’s initial crude discovery in 1914 and the eventual move to focus on the Orinoco Heavy Oil Belt. Brief History In...
(Energy Analytics Institute, 13.Mar.2022) — Venezuela has historically utilized various thermal recovery methods to assist in the production of its heavy and extra-heavy crude oil (EHCO). A summary of the...
(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Venezuela’s ability to boost production over the short-term by around 200,000 b/d; and an oil spill occurring offshore eastern Venezuela near Barcelona....
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy...
(Miami Herald, 9.Mar.2022) — Now that President Biden has announced a ban on imports of Russian oil, the United States should reevaluate sanctions against Venezuela, double down on targeted sanctions...
(Reuters, 6.Mar.2022) — U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in...
(Argus, 4.Mar.2022) — The Venezuelan oil ministry publicly reported the price it received for its crude for the first time in nearly two years this week, but observers say the...
(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina's YPF holding its 4Q:21 and FY:21 webcast to discuss...
(Reuters, 1.Mar.2022) — Venezuela's state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals...
