(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...
(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay does not need to issue bonds to pay off an outstanding debt with Venezuela's state oil company PDVSA, according Paraguay's Finance Minister...
(Energy Analytics Institute, Aaron Simonsky, 6.Jun.2016) – Plans announced by PDVSA to sue its Paraguayan counterpart Petropar are not valid and go against international agreements. Caracas-based PDVSA announced it would...
(Energy Analytics Institute, Jared Yamin, 2.Jun.2016) — Venezuela again proposed establishment of a production band during the 169th OPEC meeting in Vienna. The band system consists of minimum and maximum...
(Energy Analytics Institute, Pietro D. Pitts, 31.May.2016) — Venezuela's state oil company Petróleos de Venezuela (PDVSA) reported disappointing financial data for 2015 as oil and gas revenues fell 46 percent...
(Energy Analytics Institute, Piero Stewart, 28.May.2016) — PDVSA successfully installed a separator or sour water stripper unit, also known as Unit 84, at the Puerto La Cruz refinery in Anzoátegui...
(Energy Analytics Institute, Piero Stewart, 27.May.2016) — PetroCaribe member countries evaluated the creation of a joint-venture company that would distribute Venezuelan gas to them, reported Venezuela's news agency AVN, citing...
(Energy Analytics Institute, Jared Yamin, 23.May.2016) – A group of Argentina businessmen plan to buy the assets of Petrolera del Cono Sur, a subsidiary of PDVSA in Argentina. The assets...
(Energy Analytics Institute, Pietro D. Pitts, 23.May.2016) – Venezuela's President Nicolas Maduro and Trinidad and Tobago's Prime Minister Keith Rowley were both present during an energy-related signing ceremony in Port...
(Energy Analytics Institute, Piero Stewart, 16.May.2016) — A number of international and national coke processing companies visited the Petro San Félix solids terminal located in the José Antonio Anzoátegui Industrial...
(Energy Analytics Institute, Jared Yamin, 14.May.2016) — PDVSA increased the food card stipend to its workers by 100 percent to 38,000 Venezuelan bolivars per month, reported the daily newspaper Panorama,...
(Energy Analytics Institute, Jared Yamin, 13.May.2016) – An estimated 84 percent of Venezuela’s auto park in Maracaibo contains the special TAG gasoline chip, reported the daily Panorama, citing Infrastructure Secretary...
(Energy Analytics Institute, Jared Yamin, 1.May.2016) – Ten gasoline stations – which form part of Venezuela’s Exclusive and Special Service stations – are selling PDVSA’s 91 grade gasoline for 200...
(PDVSA, 29.Apr.2016) — PDVSA announced that payment of interest was made on April 28, 2016 to all holders of PDVSA Bonds maturing 2022 with an interest rate of 6 percent,...
(Harvest Natural Resources, Inc., 29.Apr.2016) — Harvest Natural Resources, Inc. announced that, on April 25, 2016, the New York Stock Exchange (NYSE) notified the company that it had fallen below...
(Energy Analytics Institute, Piero Stewart, 28.Apr.2016) — PDVSA has started work on the heavy oil treatment plants at the joint-venture companies Petrolera Sinovensa and Petrocarabobo, located in the south of...
(Energy Analytics Institute, Jared Yamin, 14.Apr.2016) — A number of PDVSA workers have been banned from the company for corruption and more are under investigation for the same, announced the...
(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Russia's Rosneft OAO and PDVSA signed an agreement for joint development of production, treatment and the sale of natural gas from the Mariscal...
(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Venezuela plans to immediately focus efforts on the exploitation and export of its massive gold resources located in Bolivar state in an attempt...
(Energy Analytics Institute, 30.Mar.2016, Clifford Fingers III) – While Ecuador continues to seek financing from foreign investors looking to invest in the estimated $13 billion Pacific Refinery project, the country...
(Energy Analytics Institute, Pietro D. Pitts, 8.Oct.2015) – “OPEC should convert itself into a stronger actor in geopolitical, geo-economics, and social areas as well in the permanent search for peace,”...
(Rosneft, 8.Oct.2015) – Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 block. The well is unique...
(Energy Analytics Institute, Piero Stewart, 1.Oct.2015) – This will be the first exploration well to search for and confirm the presence of oil and gas in Curazaito in Zulia state,...
(Energy Analytics Institute, 30.Sep.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. The names of our...
(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – Venezuela's Foreign Minister and Vice President of International Affairs at PDVSA, Delcy Rodríguez, accompanied by Minister of Commerce and Industry of Saudi Arabia...
(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – “A $40 per barrel oil price is not a low price for Venezuela,” says Ramon Espinasa, oil economist at the Inter-American Development Bank...
(Energy Analytics Institute, 14.Sep.2015) – In terms of decisions made by Venezuelan government, a former AVHI executive in Caracas shares his thoughts. “What is good for you is bad for...
(Energy Analytics Institute, Piero Stewart, 14.Sep.2015) – PDVSA is falsely accusing innocent workers of smuggling fuel, according to an oil union official. “By falsely accusing innocent PDVSA workers of smuggling...
(PDVSA, 10.Sept.2015) – The World Energy Council (WEC) and the Union of South American Nations (UNASUR), with the support of the Ministry of Electricity and Renewable Energy (MEER) of Ecuador,...
(Energy Analytics Institute, 10.Sep.2015) – “Let’s overcome our differences of opinion between OPEC and non OPEC producers to achieve consensus,” Venezuela's oil ministry posted via twitter , citing the country's oil...
(AVN, 9.Sep.2015) – Venezuela's public prosecutor office arrests 9 persons convicted of trafficking 15 tons of copper and lead that belonged to PDVSA. ***
(Harvard Review of Latin America, Miguel Tinker Salas, 14.Aug.2015) – I grew up in a Venezuelan oil camp. Ever since I can remember, I have heard both Spanish and English...
(Energy Analytics Institute, Pietro D. Pitts, 11.Aug.2015) – The Paraguana Refining Center (CRP) will initiate a preventive shutdown of the Cardon Refinery's Fluidized Catalytic Cracking Unit on August 13, 2015,...
(Harvest Natural Resources, Inc., 7.Aug.2015) – Harvest Natural Resources, Inc. announced second quarter 2015 earnings and provided an operational update. Harvest reported a 2Q:15 net loss of approximately $25.4 mln,...
(Moody's, 22.Jun.2015) – Moody's Investors Service changed PBF Holding Company LLC's rating outlook to positive from stable. Moody's also affirmed PBF's Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default...
(Harvest Natural Resources, Inc., 19.Jun.2015) – Harvest Natural Resources, Inc. announced that CT Energy Holding SRL, a Venezuelan-Italian consortium, has agreed to purchase from Harvest senior secured notes, convertible notes...
(Harvest Natural Resources, Inc., 19.Jun.2015) – On 19.Jun.2015, Harvest Natural Resources, Inc. entered into a strategic relationship with CT Energy and CT Energia Holding, Ltd., an international energy trading firm,...
(Energy Analytics Institute, 18.Jun.2015) – Petroleos de Venezuela SA (PDVSA) plans to boost investments in the Venezuelan natural gas sector over the next five years in order to almost double...
(Harvest Natural Resources, Inc., 19.May.2015) – Harvest Natural Resources said that during the first quarter of 2015, Petrodelta drilled and completed four development wells and sold approximately 3.63 million barrels...
(Harvest Natural Resources, Inc., 19.May.2015) – Harvest Natural Resources, Inc. (HNR) reported a 1Q:15 net loss of approximately $5.6 million, or $0.13/share diluted, compared with a net loss of $8.0...
(Wison Offshore & Marine Ltd., 21Apr.2015) – Wison Offshore & Marine Ltd. announced the delivery of its first batch of stick built for the key modularized components construction of the...
(Seaway Heavy Lifting, 9.Apr.2015) – Seaway Heavy Lifting entered into a contract with Cardon IV in Venezuela for transportation and installation of the Perla project gas production platforms complete with...
(CB&I, 1.Apr.2015) – CB&I was awarded a contract for approximately $60 million for the engineering, procurement, fabrication and construction of storage tanks in Venezuela. “CB&I has a long history in...
(Energy Analytics Institute, Piero Stewart, 31.Mar.2015) – Venezuela's foreign minister Delcy Rodríguez met with San Cristobal and Nieves Prime Minister Timothy Harris to discuss bilateral relations. The official also reviewed...
(Gold Reserve Inc., 30.Mar.2015) – Gold Reserve Inc. reported on developments in the proceedings instituted in the U.S. District Court for the District of Columbia to confirm the $740 million...
(Energy Analytics Institute, 30.Mar.2015) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. REGARDING COLOMBIA * A...
(Energy Analytics Institute, Ian Silverman, 29.Mar.2015) – “PDVSA has completely diversified its oil markets, conquering spaces in Asia, India, Europe and South America, among others, and with a great presence...
(Energy Analytics Institute, Piero Stewart, 29.Mar.2015) – PDVSA announced an armed commando group attacked its Tejero Operating Center installations located in the Punta de Mata Eastern Executive Division in Monagas....
(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela's Oil Minister Asdrúbal Chávez met with his Russian counterpart Alexander Novak in Moscow. The officials discussed bilateral projects and evaluate the progress...
(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela presented a letter to the ICSID court requesting the dismissal of judge Kenneth Keith. Keith is the president of the arbitration tribunal...
(Energy Analytics Institute, Jared Yamin 25.Mar.2015) – Vietnam's state oil company PetroVietnam is evaluating its exit from a Venezuelan heavy oil project where it is partnered with its Venezuelan counterpart...
(Energy Analytics Institute, Piero Stewart, 20.Mar.2015) – Venezuela will continue to supply the USA with its oil. This despite a decree recently signed by US President Barrack Obama against seven...
(Energy Analytics Institute, Jared Yamin, 13.Mar.2015) – The United States is not contemplating applying any measures against Venezuela's petroleum sector, according to the daily newspaper El Universal, citing an U.S....
(Owens-Illinois, Inc., 12.Mar.2015) – Owens-Illinois, Inc. reported that its Dutch subsidiary, OI European Group B.V. (OIEG), has prevailed in an international arbitration against Venezuela. OIEG has been awarded more than...
(Energy Analytics Institute, Jared Yamin, 3.Mar.2015) – Venezuela announced a financing scheme for oil shipments to Uruguay, according to a decree revealed on March 2, 2015 in Venezuela's Official Gazette...
(Harvest Natural Resources, 29.Jan.2015) – Harvest Natural Resources, Inc. announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have withdrawn without prejudice a Request for...
(Harvest Natural Resources, 16.Jan.2015) – Harvest Natural Resources, Inc. announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), submitted a Request for Arbitration against the...
(Harvest Natural Resources, 2.Jan.2015) – Harvest Natural Resources, Inc. announced that the Share Purchase Agreement (SPA) between Petroandina Resources Corporation N.V. (Petroandina), Pluspetrol Resources Corporation B.V. (Pluspetrol), Harvest and HNR...
(Reuters, Dmitry Zhdannikov, 16.Jun.2014) — Venezuela wants to increase oil supplies to the United States to regain some of the market share it lost over the past decade as Caracas...
(Energy Analytics Institute, Ian Silverman, 25.Oct.2013) – PDVSA President Rafael Ramirez speaks to reporters in Puerto la Cruz, Venezuela about introduction of news tankers into fleet. Highlights of the discussion...
(Energy Analytics Institute, Ian Silverman, 10.Oct.2013) – Venezuelan President Nicolas Maduro seems to be allowing Oil Minister Rafael Ramirez to take charge of moving forward with the country's energy policy,...
(Energy Analytics Institute, Ian Silverman, 7.Oct.2013) – The 1st Business Round-table meetings between Venezuelan and Indian companies took place in Caracas from October 7-9, 2013. Highlights from the round-table follow:...
(Energy Analytics Institute, Piero Stewart, 7.Oct.2013) – PDVSA President Rafael Ramirez spoke with journalist in Puerto La Cruz, Venezuela. What follows are excerpts from the discussion. Rafael Ramirez regarding shipments...
(Energy Analytics Institute, Piero Stewart, 4.Oct.2013) – Venezuela's Oil Minister President Rafael Ramirez spoke with journalist in Puerto La Cruz, Venezuela. What follows are excerpts from the discussion. Rafael Ramirez...
(Energy Analytics Institute, 30.Sep.2013) – Information in this section, provided by Energy Analytics Institute editors and reporters, is hearsay and thus should be treated as such. The names of our...
(Energy Analytics Institute, Pietro D. Pitts, 24.Sep.2013) – Arthur D. Little Partner Rodolfo Guzman spoke with Energy Analytics Institute in a brief interview from Houston, Texas. What follows are excerpts...
(Energy Analytics Institute, Pietro D. Pitts, 18.Sep.2013) – Tudor Pickering Holt & Co. LLC Managing Director David Pursell spoke with Energy Analytics Institute in a brief interview from Dallas, Texas....
(Energy Analytics Institute, Ian Silverman, 13.Sep.2013) – Honduras does not expect to receive its first shipment of oil from Venezuela under PetroCaribe until Dec.2013, reported El Universal, citing Honduras' Vice...
(Energy Analytics Institute, Ian Silverman, 11.Sep.2013) – Malaysia's Petronas will exit the Petrocarabobo project in Venezuela's Orinoco Heavy Oil Belt or Faja, according to Venezuela's Oil Minister Rafael Ramirez. The...
(Energy Analytics Institute, Ian Silverman, 10.Sep.2013) – PDVSA President Rafael Ramirez, who also serves as Venezuela's Oil Minister, said that the debt owed to PDVSA by Petroleos de Paraguay (Petropar)...
(Energy Analytics Institute, Piero Stewart, 9.Sep.2013) – PDVSA Refining Director Jesus Luongo spoke briefly with Energy Analytics Institute on the sideline of a press conference in Caracas, Venezuela. What follows...
(Energy Analytics Institute, Ian Silverman, 8.Sep.2013) – Venezuela's Energy Minister Rafael Ramirez participated in the 11th meeting of the Council of Petrocaribe Ministers in Port-au-Prince, Haiti according to an official...
(Energy Analytics Institute, Ian Silverman, 8.Sep.2013) – PDVSA announced a flatboat with 20 workers overturned and sank in Lagunillas in Zulia state. All the workers were rescued, reported the daily...