(Energy Analytics Institute, Jared Yamin, 19.May.2017) – In recent weeks, a reported 66 companies in Venezuela dedicated to the collection of milk have closed their doors and stopped distribution activities...
(Energy Analytics Institute, Ian Silverman, 18.May.2017) – PDVSA has reinforced effects to protect is fuel supply amid ongoing protests across Venezuela. Several protests have led to incidents affecting gasoline distribution...
(Energy Analytics Institute, Ian Silverman, 16.May.2017) – PDVSA halted the catalytic cracking unit at the 310,000 barrel-per-day Cardón refinery in Punto Fijo, reported Reuters, citing a worker at the plant...
(Energy Analytics Institute, Aaron Simonsky, 16.May.2017) – PDVSA in alliance with Camimpeg (Compañía Anónima Militar de Industrias Mineras, Petrolíferas y Gas) and Southern Procurement Services (SPS) plan to boost production...
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Petrolera Indovenezolana opened a Saltwater Injection Plant in Zuata North field, Anzoátegui state to boost production and prevent reservoir declination. The field, located...
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA has intensified contingency measures to counter the ill effects of an oil spill that occurred last week in neighboring Trinidad and Tobago....
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA announced construction of a 100-MW electric generation plant located in Barinas state had reached the 98% mark in terms of completion. Work...
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA participated in the Offshore Technology Conference held in Houston, Texas from 1-4.May.2017. PDVSA Gas Vice President César Triana headed a sizable contingent,...
(Energy Analytics Institute, 26.Mar.2017) – Houston-based Citgo Petroleum Corporation, the U.S.-based refinery arm of PDVSA, had to skip out on sending heating oil to citizens in the U.S. northeast under...
(Energy Analytics Institute, Piero Stewart, 26.Mar.2017) – An inability to boost foreign and domestic investments in Venezuela’s oil sector in 2017 will result in further declines in the Caribbean nation’s...
(Energy Analytics Institute, Aaron Simonsky, 15.May.2017) – Venezuela expects to receive between $120,000 and $150,000 per day from the sale of its gasoline along the Colombian border, reported the daily...
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – Venezuela, the country with the world’s largest crude oil reserves, also continues to hold the world’s eighth largest accumulation of natural gas reserves...
(Energy Analytics Institute, Piero Stewart, 11.Mar.2017) – PDVSA said that the start of the Jusepin 200 gas processing plant will allow its affiliate PDVSA Gas to reduce gas flaring by...
(Harvest Natural Resources, Inc., 6.Mar.2017) – Harvest Natural Resources, Inc. announced 2016 fourth quarter and year-end earnings. Harvest posted a fourth quarter 2016 net income of $100.6 million, or $9.00...
(Energy Analytics Institute, Piero Stewart, 2.Mar.2017) – The Mariscal Sucre offshore project is expected to be producing 300 million cubic feet per day (MMcf/d) in the fourth quarter of 2017,...
(PDVSA, 24.Feb.2017) – PDVSA, through its subsidiary PDVSA Servicios SA, has been involved in a legal battle against PetroSaudi Oil Services Ltd. Among other claims, PDVSA seeks to obtain compensation...
(PDVSA, 23.Feb.2017) – PDVSA and the Russian company Rosneft held a technical conference on strategy, innovation and technology for a sustainable future, February 22-23, 2017 at PDVSA Intevep’s headquarters in...
(PDVSA, 22.Feb.2017) – The vice president of trade and supply of PDVSA Ysmel Serrano, concluded a work trip to Cuba in order to strengthen energy cooperation ties as part of...
(PDVSA, 22.Feb.2017) – On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of Petróleos de Venezuela S.A. (PDVSA) to hold a meeting with PDVSA President Eulogio Del Pino....
(PDVSA, 20.Feb.2017) – PDVSA informed all holders of PDVSA Bonds maturing in 2022, that payment of interest was made on February 17, 2017 corresponding to the semester ending February 2017,...
(PDVSA, 20.Feb.2017) – As has been informed, PDVSA subsidiary Bariven, S.A., has been the victim of a fraud perpetrated by former contractors and suppliers of the company led by Roberto...
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA announced a fire along a section of an oil pipeline located in Barinas state was controlled with the assistance of the state...
(Energy Analytics Institute, Piero Stewart, 17.Feb.2017) – PDVSA estimates that the deep conversion project at its 100 percent owned Puerto La Cruz refinery, which will require foreign investments of $10.5...
(PDVSA, 14.Feb.2017) – Members of the China-Venezuela High Level Joint Commission toured the facilities of the Puerto La Cruz Refinery in Anzoátegui state, to review the progress of the Deep...
(PDVSA, 13.Feb.2017) – The 15th China-Venezuela High Level Joint Commission took place at the José Félix Ribas Hall of Teresa Carreño Theater in Caracas, with the aim of discussing the...
(PDVSA, 13.Feb.2017) – PDVSA ratified its cooperation with the People's Republic of China with the signing of eight agreements at the 15th China-Venezuela High Level Joint Commission, which was held...
(PDVSA, 13.Feb.2017) – Venezuela’s Foreign Minister Delcy Rodríguez and Oil Minister Nelson Martínez visited the People's Democratic Republic of Algeria to continue working visits to member a and non-member countries...
(PDVSA, 10.Feb.2017) – Venezuela’s Foreign Minister Delcy Rodríguez and the country’s Oil Minister Nelson Martínez traveled to the Sultanate of Oman to meet with Omani Oil Minister Mohammed bin Hamad...
(Igor Hernández, IESA Professor, 8.Feb.2017) – For oil-dependent Venezuela, the drop in oil prices since 2014 has been hard. Combined with the collapse in production, it has created an unprecedented...
(PDVSA, 4.Feb.2017) – PDVSA Vice President of Exploration and Production Nelson Ferrer, led a tour of the facilities of the Orinoco Drill Operators Cooperative Association, which absorbed former Petrex Sudamérica...
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) – A newly appointed Board of Directors at PDVSA will be charged with taking actions to prepare the company for the eventually turn around...
(Energy Analytics Institute, Piero Stewart, 2.Feb.2017) – PDVSA reduced operating costs by more than 30 percent, announced the entity in an official statement, citing company President Eulogio Del Pino. No...
(Piero Stewart, Energy Analytics Institute, 1.Feb.2017) – Venezuela’s Mariscal Sucre natural gas project offshore has a production potential of 600 million cubic feet per day. The company plans to use...
(Energy Analytics Institute, Piero Stewart, 29.Jan.2017) – Members of the Hydrocarbon Motor of the Bolivariana Economic Agenda met in Caracas to discuss advances under the plan. The meeting, held January...
(Energy Analytics Institute, Pietro D. Pitts, 29.Jan.2017) – Venezuela's President Nicolas Maduro announced changes to the Board of Directors at PDVSA and said the members would be expected to assume...
(PDVSA, 28.Jan.2017) – Bariven, S.A., a PDVSA subsidiary, has taken legal action to obtain compensation for damages suffered due to fraudulent actions by former contractors and suppliers who in collusion...
(PDVSA, 26.Jan.2017) – Members of the Hydrocarbons Economic Driver of the Bolivarian Economic Agenda, met at La Campiña headquarters of PDVSA in Caracas, for the presentation of the first annual...
(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2017) – Cash-strapped PDVSA went out on a limb again last year to reduce its long-term financial debt. PDVSA, as the Caracas-based company is known,...
(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2017) – Venezuela President Nicolas Maduro announced the appointment of Nelson Martínez, the actual president of Citgo Petroleum Corporation, as the country’s new petroleum minister....
(Energy Analytics Institute, Piero Stewart, 16.Jan.2017) – Venezuela’s newly appointed Vice President Tareck Aissami announced that the country’s President Nicolas Maduro had ordered the dismissal of Pequien President Juancarlo Depablos...
(Energy Analytics Institute, Aaron Simonsky, 16.Jan.2017) – Refining utilization rates at PDVSA’s six domestic refineries averaged 30.7 percent in 2016 owing to permanent and temporary plant shut downs, and continued...
(Energy Analytics Institute, Piero Stewart, 4.Jan.2017) – Venezuela, the South American country with the region’s largest crude oil and natural gas reserves, initiated the sale of its gasoline in Paraguachón,...
(Energy Analytics Institute, Aaron Simonsky, 4.Jan.2017) – “Venezuelan President Nicolas Maduro says ‘we’re going towards a restructuring of the (oil) industry’ and names Nelson Martínez, the actual president of Houston-based...
(Energy Analytics Institute, Piero Stewart, 2.Jan.2017) – PDVSA PetroMonagas initiated directional drilling activities in Río Yabo -- located in the Aceital del Yabo community in Anzoátegui state -- and plans...
(PDVSA, 27.Dec.2016) – PDVSA announced implementation of an agreement to reduce production reached by member and non member countries of the Organization of the Petroleum Exporting Countries (OPEC). Under the...
(Energy Analytics Institute, Piero Stewart, 27.Dec.2016) – OPEC member nation Venezuela, which produced 2.097 million barrels per day (MMb/d) in November, according to the December 2016 Monthly Oil Market Report...
(Energy Analytics Institute, Piero Stewart, 27.Dec.2016) – An accident between a fuel transport truck owned by PDVSA and a vehicle carrying six persons from Venezuela’s armed forces unfortunately claimed resulted...
(Energy Analytics Institute, Ian Silverman, 26.Dec.2016) – Three officials from PDVSA participated in a graduation ceremony in San Tomé, south of Anzoátegui state, whereby 124 graduates received diplomas and were...
(Energy Analytics Institute, Ian Silverman, 25.Dec.2016) – PDVSA maintains full ownership and control over its Houston-based subsidiary Citgo Petroleum Corporation. PDVSA, in an official statement, also downplayed media versions and...
(PDVSA, 15.Dec.2016) – As of 2019, PDVSA, through Puerto La Cruz Refinery’s Deep Conversion Project, will industrialize crude oil from the Orinoco Oil Belt using HDHPLUS®, a Venezuelan technology, announced...
(Energy Analytics Institute, Piero Stewart, 5.Dec.2016) – Together with President Nicolas Maduro and Prime Minister of Trinidad Keith Rowley we reached historic energy agreements, wrote PDVSA President Eulogio Del Pino...
(PDVSA, 5.Dec.2016) – During a meeting in Miraflores Palace, the People’s Power Minister of Petroleum and President of PDVSA Eulogio Del Pino and the Prime Minister of Trinidad and Tobago...
(Harvest Natural Resources, Inc., 9.Nov.2016) – Harvest Natural Resources, Inc. reported a third quarter 2016 net loss of approximately $7.1 million, or $0.55 per diluted share, compared with net income...
(Reuters, 23.Sep.2016) — Venezuelan state oil company PDVSA said on Friday that Maroil Trading Inc has won a $138 million contract to remove a large pile of petroleum coke at...
[caption id="attachment_564" align="alignnone" width="1088"] Amuay refinery in Venezuela. Source: Pietro D. Pitts[/caption] (Energy Analytics Institute, Pietro D. Pitts, 14.Sep.2016) – On a brief taxi ride from Punto Fijo’s Josefa Camejo...
(Energy Analytics Institute, Pietro D. Pitts, 14.Aug.2016) – Venezuela, the resource-rich South American country known for its chocolates, Caribbean beaches, lively citizens and beauty queens, still reigns as the country...
(Energy Analytics Institute, Pietro D. Pitts, 4.Jul.2016) – Venezuela will not hold its annual Latin American Petroleum Show (LAPS). The decision to cancel the event this year is due to...
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) – Venezuela plans to soon initiate shipments of natural gas to Colombia, reported Venezuela's new agency AVN, citing the country's Oil Minister Eulogio Del...
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) –Venezuela is producing 3.8 million barrels of oil equivalent per day, PDVSA President Eulogio Del Pino said during an interview on the television program...
(Energy Analytics Institute, Piero Stewart, 2.Jul.2016) – Venezuela's President Nicolas Maduro held a meeting with Citizens Energy Corporation founder Joseph Kennedy in Caracas to discuss matters related to the U.S.-based...
(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) – PDVSA's inventory of drilling rigs in Venezuela at the end of May 2016 reached 311 units, of which 156 were owned by the...
(Energy Analytics Institute, Piero Stewart, 25.Jun.2016) – Venezuela sent two fuel tankers at full capacity to Singapore, reported Reuters. The tankers, New Dream, rented by PetroChina, Britanis, and Trafigura, are...
(Energy Analytics Institute, Jared Yamin, 24.Jun.2016) – PDVSA President Eulogio Del Pino ordered the investigation into presumed acts of corruption and bribery within the state oil company, reported the daily...
(Energy Analytics Institute, Jared Yamin, 21.Jun.2016) – PDVSA has increased the recovery factor to 35 percent from 20 percent in the South Junín district of the Orinoco Heavy Oil Belt...
(Energy Analytics Institute, Jared Yamin, 20.Jun.2016) – PDVSA's Western Petroleum Services division has performed services on a total of 70 drilling wells with the recent completion of work on a...
(Exxon Mobil, 18.Jun.2016) – Exxon Mobil Corporation has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in...
(Energy Analytics Institute, Jared Yamin, 16.Jun.2016) – Venezuela has to learn to live with oil prices between $40 per barrel and $45 per barrel in order to stop its oil...
(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – Latin American oil producer Venezuela plans to increase the supply of natural gas in its domestic market by reducing flaring and using the...
(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – PDVSA and Japan's Inpex invested $350 million to improve gas compression operations at the Copa Macoya plant in Guarico state, and boost output...
(Energy Analytics Institute, Jared Yamin, 14.Jun.2016) – Venezuela's President Nicolas Maduro said his country needs to boost its crude oil output over the next six months in accordance with the...
(Energy Analytics Institute, Jared Yamin, 12.Jun.2016) – PDVSA continues to seek a friendly settlement with PetroPar in regards amounts it is owed by its Paraguayan counterpart, announced PDVSA in an...
(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) — Schlumberger's fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA in an official statement on...
(Energy Analytics Institute, Pietro D. Pitts, 11.Jun.2016) – Authorities from the governments of Aruba, the Bolivarian Republic of Venezuela, and officials from Venezuela's state oil company Petróleos de Venezuela, S.A....
(Energy Analytics Institute, Jared Yamin, 10.Jun.2016) — PDVSA and oil field services giant Schlumberger continue to maintain their operational relationship, reported PDVSA in an official statement, citing a Schlumberger legal...
(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay plans to pay back its $287 million debt with PDVSA in 2023, reported the daily newspaper Noticias24, citing Paraguayan Industry and Commerce...