PDVSA Archives - Page 12 of 25 - Energy Analytics Institute (EAI)

Maduro’s PDVSA Shake Up Amid Oil Emergency

(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]

Maduro Accused Of “Disappearing” US Oilmen

(AP, 19.Feb.2020) — Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduro’s government of “forced disappearance” after the men were […]

US Blacklists Rosneft Unit

(Reuters, 18.Feb.2020) — The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald […]

Rosneft Says US Sanctions On RTSA Illegal

(Rosneft, 18.Feb.2020) — The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of […]

Ending Putin’s Support Of Venezuela Not Easy For US

(AP, 18.Feb.2020) — In October 2016, the head of Russia’s largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains […]

Venezuela, Rosneft and US Sanctions Complications

(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the […]

PDVSA Seeks Buyers For 677 Mb/d Of February Crude

(S&P Global Platts, 14.Feb.2020) — Venezuela’s state owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US […]

PDVSA Steps Up Shipments To Cuba

(Reuters, 14.Feb.2020) — Venezuela’s state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened […]

Chavez’s Legacy Oil Hasn’t Been Broken?

(The Globe and Mail, 13.Feb.2020) — In terms of its trademark nationalist approach to its economy – the crown jewel of which has long been […]

Citgo Names Jack Lynch As Chief Compliance Officer

(Citgo, 11.Feb.2020) — Citgo Petroleum Corporation announced the appointment of Jack Lynch as the company’s new Chief Compliance & Ethics Officer. Lynch will continue to […]

Storage Constraints Prompt PdV To Consider Oil Pits

(Argus, 28.Feb.2020) — Venezuela’s PdV has exhausted its storage capacity and is now considering digging open-air pits to hold swelling stocks that US sanctions are […]

Beyond The Dragon Deal

(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela […]

Russia Sends Lavrov To Venezuela

(Reuters, 4.Feb.2020) — Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who […]

Trinidad Cancels Gas Deal Over US Sanctions

(Aljazeera, 3 Feb 2020) — Trinidad and Tobago has cancelled an agreement with Venezuela for the joint development of a natural gas field straddling their […]

Venezuela Lawmakers Eye Private Sector Oil Role

(Reuters, 28.Jan.2020) — A group of Venezuelan lawmakers backed by the ruling Socialist Party are exploring ways to increase the participation of private companies in […]

Venezuela Weighs Privatizing Oil

(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of […]

PDVSA Total Debt Remained Unchanged In 2019

(Reuters, 27.Jan.2020) — Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 […]

PDVSA Amuay and Cardon Shuttered

(S&P Global Platts, 27.Jan.2020) — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana […]

PDVSA PetroPiar President Eyes Higher Output

(Energy Analytics Institute, Aaron Simonsky, 24.Jan.2020) — PDVSA PetroPiar President Gabriel Carmona and executives from the mixed company’s management team help meetings to discuss ways […]

Venezuela Oil Exports Accelerate

(Argus, 16.Jan.2020) — 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 […]

Payment Demands In Crypto Pauses Some Oil Purchases

(Bloomberg, 16.Jan.2020) — Some buyers of Venezuelan crude oil have halted purchases after the country started demanding payment of port fees in its failed cryptocurrency. […]

China Scaling Back Economic Support For Maduro: Envoy

(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]

Abrams Sees China Scaling Back Support For Maduro

(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged […]

Maduro Authorizes Sale Of 4.5 MMbbls In Petros

(Energy Analytics Institute, Piero Stewart, 14.Jan.2020) — Venezuela’s President Nicolás Maduro signed a decree for the mandatory and immediate fulfillment of the sale of 4.5 […]

Citgo Drops Aruba Refinery Project, Island Balks

(Argus, 13.Jan.2020 — Citgo, the US refiner that Venezuela’s political opposition nominally wrested from the Opec country’s national oil company PdV in 2019, is abandoning […]

PDVSA’s Partners As Oil Traders Amid Sanctions

(Reuters, 13.Jan.2020) — Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to […]

After $1bn Venezuela Deal, US Oilfield Firm Shuts Doors

(Reuters, 12.Jan.2020) — An Oklahoma oilfield company that played a central role in Venezuela’s high profile attempt to convince the world it could halt production […]

Citgo Announces Small Grants Program Winners

(Citgo, 24.Jan.2020) — The Simón Bolívar Foundation Inc. (SBF), a non-profit, private foundation of CITGO Petroleum Corporation, awarded seven grants totaling $100,000 to nonprofits that […]

Guaido Survival Likely To Buy Chevron More Time

(Argus, 7.Jan.2020) — The White House appears likely to extend a waiver for Chevron to operate in Venezuela after US-backed opposition leader Juan Guaido overcame […]

Venezuelan Oil Exports Fell By A Third In 2019

(Reuters, 7.Jan.2020) — Venezuela’s oil exports plummeted 32% last year to 1.001 million barrels per day, according to Refinitiv Eikon data and state-run PDVSA’s reports, […]

US Considering More Venezuela Sanctions

(S&P Global Platts, 6.Jan.2020) — The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US […]

PDVSA, Chevron Turn Oil Blender Back Into upgrader

(Reuters, 3.Jan.2020) — Venezuela’s Petropiar facility, a joint venture between state oil company PDVSA and Chevron Corp, is once again operating as a crude upgrader […]

PDVSA Cedes Oilfield Operations To Foreign Firms

(Reuters, 3.Jan.2020) — Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles […]

Venezuela Is Quietly Ramping Up Oil Production

(Oilprice.com, 31.Dec.2019) — If anyone is to ever write a guidebook on political survival, the skills of Venezuelan President Nicolás Maduro would certainly top the […]

PDVSA Touts Gasoline Delivery

(Reuters, 31.Dec.2019) — With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was […]

US Cuts Venezuelan Flows Plans For China, Rosneft

(S&P Global Platts, 24.Dec.2019) — US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a […]

PDVSA Completes Termobarrancas Maintenance

(Energy Analytics Institute, Piero Stewart, 18.Dec.2019) — Venezuela’s state oil company Petróleos de Venezuela (PDVSA) carried out major maintenance at the 100-megawatt turbo combustion generator […]

PDVSA, Partners Produce 500,000 b/d Of Orinoco Crude

(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% […]

PDVSA Perks Include Yoga And Guitar Lessons

(Bloomberg, Peter Millard and Fabiola Zerpa, 11.Dec.2019) — Workers are starving, equipment is crumbling and output is languishing near record lows at Venezuela’s state oil […]

Barkindo Says US Sanctions On Venezuela Unhealthy

(Energy Analytics Institute, Piero Stewart, 10.Dec.2019) — OPEC Secretary General Mohammad Barkindo assured that unilateral sanctions imposed on member countries of the organization are unhealthy […]

Venezuela Releases ‘Citgo 6’

(Chron.com, Sergio Chapa, 9.Dec.2019) — Six executives of Houston refiner Citgo are out of a Venezuelan prison, according to a late Monday report by Reuters. […]

Refineria di Korsou On Talks With PDVSA

(Kòrsou, 9.Dec.2019) — Refineria di Kòrsou (RdK) continues to take steps to shape the transition period that has been agreed during a meeting last week […]

Venezuela Gov’t, Opposition Weigh Giving Firms Operating Rights

(Reuters, Luc Cohen, Deisy Buitrago, Mayela Armas, 6.Dec.2019) — Venezuela’s government and opposition have discussed allowing private companies in joint ventures with state oil company […]

CITGO Reports 3Q Results

(Citgo, 6.Dec.2019) — Citgo Petroleum Corporation reported strong financial and operational performance as the Board of Directors reviewed with the Shareholder the company’s performance during […]

Venezuela And Cuba ‘Circumvent Sanctions’

(Miami Herald, Jim Wyss and Nora Gamez Torres, 3.Dec.2019) — Washington continued to tighten its grip on Venezuela and Cuba on Tuesday, naming six oil […]

US Acts Against Movement Of Venezuelan Oil To Cuba

(US Department of State, 3.Dec.2019) — On December 3, the United States identified six PDVSA-owned vessels, pursuant to E.O. 13884 or 13850, being used by […]

OFAC Adds Six Vessels To List

(Piero Stewart, Energy Analytics Institute, 3.Dec.2019) — The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) add six vessels to its SDN […]

PdV Gets Curacao Reprieve

(Argus, Patricia Garip, 2.Dec.2019) — Venezuela’s state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal […]

Venezuela Offers Suppliers Payment In Yuan

(Reuters, Mayela Armas, Corina Pons, 28.Nov.2019) — Venezuela’s government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China […]

Maduro Sent $900mn In Oil To Cuba, U.S. Official Said

(El Nuevo Herald, Nora Gámez Torres, 27.Nov.2019) — Embattled leader Nicolás Maduro sent about $900 million in oil to Cuba this year despite the humanitarian […]