(FT.com, John Paul Rathbone and Gideon Long, 13.Feb.2019) — Venezuela’s parallel, opposition government sought to take control of the country’s oil revenues from the regime of Nicolás Maduro by naming...
(IHS Markit Senior Editor Sergey Myakishev, 12.Feb.2019) — The controversy surrounding last year’s re-election of Nicolas Maduro as president of Venezuela came to a head in recent weeks, with continued...
(Argus, 11.Feb.2019) — India´s two leading refiners will continue to import Venezuelan crude but will no longer supply oil products to Venezuela´s state-owned PdV because of US sanctions, Indian downstream...
(Chron.com, Jordan Blum, 11.Feb.2019) — Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50 percent by 2020, further imperiling...
(Industrial Info, 11.Feb.2019) — Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela’s oil industry January 28. But those...
(Energy Analytics Institute, Piero Stewart, 11.Feb.2019) — PDVSA Gas, a subsidiary of Venezuela’s state oil company Petróleos de Venezuela or PDVSA, announced the start of natural gas production at the...
(AP, Alexandra Olson, 9.Feb.2019) — The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not...
(Reuters, Corina Pons, Marianna Parraga, 9.Feb.2019) — Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at...
(Citgo, 9.Feb.2019) Houston-based Citgo Petroleum Corporation is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products. Citgo is owned by Citgo Holding, Inc., an...
(S&P Global Platts, 8.Feb.2019) — US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel...
(Reuters, 5.Feb.2019) — Venezuelan state oil company PDVSA’s principal amount of debt to Russian oil producer Rosneft stood at $2.3 billion at the end of the fourth quarter, down from...
(Marla Dukharan, 4.Feb.2019) — The worst humanitarian crisis in Latin American history has for years been festering in our backyard, with spillovers both good and (mostly) bad for the Caribbean....
(Bloomberg, Jose Enrique Arrioja, Nick Wadhams, and Anna Edgerton, 4.Feb.2019) — Venezuela’s government-in-waiting intends to scrap requirements that state-owned oil giant PDVSA keep a controlling stake in joint ventures as...
(Wood Mackenzie, 2.Feb.2019) — The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have...
[caption id="attachment_6756" align="alignright" width="300"] Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 2.Feb.2019) — Nicolas Maduro, no longer recognized by the U.S., among numerous other countries worldwide as Venezuela’s president, announced...
(AP, 1.Feb.2019) — Chevron Corp. says its operations in Venezuela will continue normally for the “foreseeable future” despite newly imposed U.S. sanctions on Venezuelan state-owned oil company Petroleos de Venezuela...
(Fox Business, Brittany De Lea, 31.Jan.2019) — Venezuela’s opposition leader Juan Guaidó sits down with FOX Business’ Trish Regan to discuss the future of Venezuela and how long it will...
(Reuters, 30.Jan.2019) — More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the...
(Energy Analytics Institute, Piero Stewart, 29.Jan.2019) — Officials from PDVSA and Venezuela’s Oil Ministry continue to evaluate the different options they can take to counter the recent sanctions announced by...
(Energy Analytics Institute, Pietro D. Pitts, 29.Jan.2019) — U.S. sanctions announced in January week against Venezuela’s state oil company PDVSA will not only affect Venezuela’s oil sector, but also hold...
(Barron’s, Evie Liu, 29.Jan.2019) — New U.S. sanctions on Venezuela’s state-owned oil giant not only place more pressure on Venezuelan President Nicolás Maduro’s regime, but also on some U.S. refiners...
(Reuters, 25.Jan.2019) — U.S. oil refiners said they would comply with the Trump administration's new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA)...
(CNN, Matt Egan, 29.Jan.2019) — The United States and Venezuela are going through a painful divorce that will have sweeping consequences for the global oil industry. US oil prices surged...
(CNN, Jack Guy, 29.Jan.2019) — Thousands took to the streets in Venezuela last week to demand the resignation of president Nicolas Maduro. Amid the protests, opposition leader Juan Guaidó declared...
(Bloomberg, Dhwani Pandya, Serene Cheong, and Debjit Chakraborty, 29.Jan.2019) — After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has...
(Reuters, 29.Jan.2019) — The United States imposed heavy sanctions on Venezuela’s oil industry on Monday, looking to cut off President Nicolas Maduro’s primary source of revenue. The sanctions limit transactions...
(Reuters, Deisy Buitrago and Mircely Guanipa, 28.Jan.2019) — Shock and fear swept through the headquarters of Venezuela’s state-owned oil firm, PDVSA, on Monday, employees said, after the United States imposed...
(AP, Matthew Lee and Deb Riechmann, 28.Jan.2019) — The Trump administration on Monday sanctioned Venezuela’s state-owned oil company, ratcheting up pressure on socialist President Nicolas Maduro to cede power to...
(Jamaica Gleaner, David Jessop, 27.Jan.2019) — Last Wednesday Juan Guaidó, the President of Venezuela’s National Assembly, took an informal oath of office and declared himself the country’s interim president. In...
(Energy Analytics Institute, Piero Stewart, 25.Jan.2019) — “Citgo is owned by the Venezuelan State, by PDVSA, and only PDVSA can determine the affairs of Citgo,” said Venezuela’s President Nicolas Maduro...
(Jamaica Gleaner, 25.Jan.2019) — Russia, China, Iran, Syria, and Cuba have come down on one side. The United States, Canada, and countries in Western Europe are on the other. As...
(Reuters, Devika Krishna Kumar, 24.Jan.2019) — Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and...
(S&P Global Platts, 24.Jan.2019) — Venezuela’s self-declared interim president, Juan Guaido, will announce plans to revamp the board of Citgo Petroleum to give the embattled refiner fresh leadership and ease...
(Market Watch, Myra P. Saefong, 23.Jan.2019) — Venezuela’s political turmoil may lead to a near-term shortage of crude for some U.S. refiners. But in the long run, it could lead...
(Bloomberg, Tina Davis and Javier Blas, 23.Jan.2019) — Will there be two OPEC presidents now? With Venezuela boasting two proclaimed heads of state, it’s worth remembering that the nation with...
(Oilfield Technology, David Bizley, 23.Jan.2019) — Petrobras and PDVSA are the top spenders among all oil and gas companies in South America, in terms of new build capital expenditure (CAPEX)...
(Energy Analytics Institute, Piero Stewart, 21.Jan.2019) — Representatives from companies in Venezuela discussed strategies to recuperate production from blocks located in the Hugo Chávez Orinoco Belt, or the Faja. The...
(Oilprice.com, Irina Slav, 18.Jan.2019) — Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on...
(Seeking Alpha, Carl Surran, 16.Jan.2019) — The White House National Security Council has told some U.S. refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition...
(Jamaica Gleaner, Avia Collinder, 16.Jan.2019) — A &A Lime Hall Development Limited, a company incorporated in 2004 as a rental service in Montego Bay, St James, has offered PDV Caribe...
(Jamaica Gleaner, Livern Barrett, 16.Jan.2019) — Amid calls by the parliamentary Opposition for the Government to reconsider its decision, the special legislation being crafted to sanction the decision by the...
(S&P Global Platts, 16.Jan.2019) — The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition within...
(Energy Analytics Institute, Piero Stewart, 15.Jan.2019) — Oil production in the OPEC country has decreased 58% during the tenure of Venezuela’s President Nicolás Maduro to 1.137 million barrels per day...
[caption id="attachment_6216" align="alignnone" width="900"] Venezuela's President Nicolas Maduro. Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 14.Jan.2019) — Venezuela’s President Nicolás Maduro announced plans to focus on efforts to raise crude...
(Bloomberg, Patricia Laya and Fabiola Zerpa, 14.Jan.2019) — Venezuela’s President Nicolas Maduro ordered a 300 percent increase in the monthly minimum wage and pledged to boost oil production to 5...
(Oilprice.com, Matthew Smith , 14.Jan.2019 ) — The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global...
(The Wall Street Journal, Kejal Vyas, 14.Jan.2019) — The U.S. is evaluating whether to impose tougher sanctions against Venezuela’s military and vital oil industry, a senior Trump administration official said...
(Jamaica Observer, Kamina Johnson Smith, 9.Jan.2019) — Below are the notes from Minister of Foreign Affairs Kamina Johnson Smith in her press breifing yesterday: Ladies and gentlemen of the media,...
(Jamaica Observer, 9.Jan.2019) — The Government of Jamaica has announced that it will take legislative action for ownership of the 49 per cent share in the local oil refinery, PetroJam,...
(Jamaica Observer, 9.Jan.2019) — The Opposition has come out against Government's decsion to use legislative action to take back Venezuela's 49 per cent share of Petrojam. Shadow minister of energy,...
(Reuters, 8.Jan.2019) — Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had...
(Reuters, 8.Jan.2019) — Curacao’s 335,000-barrel-per-day (bpd) Isla refinery has resumed work, management of the government-owned facility said on Tuesday, after eight months of paralysis caused by a dispute between its...
(Reuters, Luc Cohen and Brian Ellsworth, 7.Jan.2019) — Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent...
(Bloomberg, Noah Smith, 3.Jan.2018) — It’s hard to overstate how disastrous the reign of Hugo Chavez and his successor Nicolas Maduro has been for Venezuela. A recent series of Bloomberg...
(Bloomberg, Lucia Kassai, 2.Jan.2019) — Venezuela, once Latin America’s largest oil exporter, ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades. Home to...
(Energy Analytics Institute, Piero Stewart and Ian Silverman, 31.Dec.2018) — Heard on the street and LatAmNRG briefs on Colombia’s first long-term power auction; the reach of Bolivia’s natural gas reserves;...
(Reuters, Alexandra Ulmer and Marianna Parraga, 26.Dec.2018) — Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in...
(Energy Analytics Institute, Piero Stewart, 26.Dec.2018) — Shares of Goldman Sachs shares have fallen 30% due to the investment firm’s decision to finance the Venezuelan government, reported online media El...
(Energy Analytics Institute, Piero Stewart, 21.Dec.2018) — Heard on the street and LatAmNRG briefs on Argentina’s renewable energy sector, Maurel & Prom’s acquisition of Shell’s interest in the Urdaneta West...
(Energy Analytics Institute, Piero Stewart, 20.Dec.2018) — PDVSA Intevep and Hartung Hermanos Sucesores, C.A. signed a Letter Of Intent (LOI) with the aim to implement technology that will assist in...
(Maurel & Prom, 20.Dec.2018) — Etablissements Maurel & Prom announced in the press release published on 12 October 2018 the signature of a Share Sale and Purchase Agreement (the “SSPA”)...
(S&P Global Platts, 19.Dec.2018) — OPEC enters a pivotal third year of production cuts in a volatile oil market with its least experienced minister at the helm. Venezuela’s Manuel Quevedo,...
(Energy Analytics Institute, Piero Stewart, 15.Dec.2018) — The mixed company Petrolera Sinovensa is currently producing 130,000 barrels per day of crude oil in Venezuela. “I am pleased that we have...
(Energy Analytics Institute, Piero Stewart, 14.Dec.2018) — Heard on the street and LatAmNRG briefs from Venezuela related to Nicolás Maduro and the Petro, and PDVSA Ethanol. [caption id="attachment_5542" align="alignright" width="300"]...
(OilPrice.com, Irina Slav, 12.Dec.2018) — Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex...
(CITGO, 11.Dec.2018) — CITGO Petroleum Corporation presented twenty scholarships to the recipients of its inaugural CITGO Innovation Scholarship Program, an initiative within the CITGO STEM Talent Pipeline. Each student will...
(Energy Analytics Institute, Piero Stewart, 10.Dec.2018) — Venezuela’s state oil company PDVSA signed an inter-institutional agreement with the National Polytechnic Experimental University of the Armed Forces (UNEFA by its Spanish...
(OilPrice.com,Tsvetana Paraskova, 6.Dec.2018) — Back from a visit to Moscow, Venezuelan President Nicolas Maduro tweeted a video on Thursday, in which he said that Venezuela and Russia have signed US$5-billion...
(Reuters, Marianna Parraga, 6.Dec.2018) — Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and...
(Reuters, 5.Dec.2018) — India’s Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend...
(Reuters, Mayela Armas and Mariela Nava, 5.Dec.2018) — Angelica Vera of Venezuela’s western state of Zulia planned to cremate her father's remains after he died of cancer in November because...
(Reuters, Nidhi Verma, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding...
(Reuters, 4.Dec.2018) — India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments...
(Energy Analytics Institute, Jared Yamin and Piero Stewart, 28.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Mexico, OPEC producers Ecuador and Venezuela, and Peru. Heard On...