HOUSTON, TEXAS (Editors at Energy Analytics Institute, 7.Mar.2025, Words: 435) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week […]
Tag: PDVSA
Venezuela activates independence plan after sanctions against Chevron
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025, Words: 246) — Venezuela’s President Nicolás Maduro ordered activation of the “absolute productive independence plan” aimed […]
Chevron JVs producing around 242,000 b/d or 27% of Venezuela’s production
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 2.Mar.2025, Words: 666) — 4 Venezuelan joint ventures (JVs) of US-based Chevron Corporation were producing an average […]
LatAmNRG Heard: Halliburton Argentina firings, Equinor’ Vaca Muerta assets
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 21 […]
Venezuela flared 46% of its 3,895 MMcf/d of natural gas production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025, Words: 1,030) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting […]
PDVSA Returns to Buying Light Oil: Reuters Says
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Petróleos de Venezuela S.A. (PDVSA) has reportedly resumed its purchases of light crude oil abroad, […]
Chevron Filed Taxes in Venezuela Despite Sanctions, Documents Show
(BLOOMBERG, 16.Jan.2025) — Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President Nicolás […]
LatAm NRG Heard: US Sanctions PDVSA Head, Milei’s Popularity, BP Shuts Azerbaijan Platform
(Editors at Energy Analytics Institute, 10.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 10 Jan. 2025. […]
Official Statement: Multilateral Action Maintains Pressure on Maduro and his Representatives
(US Department of Treasury, 10.Jan.2025) — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning eight Venezuelan officials who lead […]
PDVSA ad Hoc administrative board reaffirms commitment to safeguard Citgo
(Piero Stewart, Energy Analytics Institute, 30.Dec.2024, Words: 514) — The Ad Hoc Administrative Board of PDVSA reiterated its commitment to the defense of Venezuela’s assets […]
![EAI Andean NRG dashboard 4Q:24 [pdf download]](https://energy-analytics-institute.org/wp-content/uploads/2024/12/ONE-GUYANA-2089_LR_untitled_Photo-SBM-Offshore_SBM_Photo-Ivan-Blanco-Vilar-1024x683-1.jpg)
EAI Andean NRG dashboard 4Q:24 [pdf download]
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 28.Dec.2024, Words: 60) — Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, […]
Venezuela’s Economic and Oil Production Strides in 2025 at Donald Trump’s Whim
(Pietro D. Pitts, Energy Analytics Institute, 23.Dec.2024) — The directional movements of Venezuela’s economy in 2025 will depend on Washington’s new man in charge, Donald […]
LatAm NRG Matters: Highlights, Heard for the Week Ended 29 Nov. 2024
(Energy Analytics Institute, 29.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 29 Nov. 2024. —Argentina: YPF has put […]
Citgo Petroleum Reports 3Q:24 Results
(Citgo, 14.Nov.2024) — Citgo Petroleum Corporation reported its 2024 third quarter financial and operational results. High throughput volume contributed to a third quarter net income […]
Venezuela’s energy minister Delcy Rodríguez talks energy during stop in New Delhi
PANAMA CITY, PANAMA (Energy Analytics Institute, 25.Oct.2024) — Venezuela’s Executive Vice President Delcy Rodríguez held a meeting with her Indian counterpart Jagdeep Dhankhar in New […]
Venezuela’s Maduro and Russia’s Putin discuss strategic alliances during BRICS Summit
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2024, Words: 211) — Venezuela’s President Nicolás Maduro held at least one meeting with his Russian counterpart Vladimir Putin […]
Venezuela Arrests Former Oil Minister Tellechea
(Reuters, 21.Oct.2024) — Venezuelan authorities have arrested former industry and oil minister Pedro Tellechea, Attorney General Tarek Saab said on Monday, the latest high-profile detention […]
LatAm NRG matters: highlights, heard from Brazil and Cuba to Mexico and Venezuela
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Oct.2024, Words: 494) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 […]
Preliminary Work on Dragon Gas Project Begins
PORT OF SPAIN, TRINIDAD AND TOBAGO (MEEI, 14.Oct.2024) — On 11 Oct. 2024, Trinidad and Tobago’s Prime Minister Keith C. Rowley and Ministry of Energy […]
LatAm NRG matters, highlights, heard: YPF partner search, Woodside acquires Tellurian
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Oct.2024, Words: 520) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 11 […]
Citgo Auction in Jeopardy as Bondholders Pursue Claims
(Reuters, 9.Oct.2024) — Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to […]
LatAmNRG matters, highlights, heard: Argentina LNG, $7.3bn Amber-Citgo deal
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Oct.2024, Words: 423) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 4 […]
ConocoPhillips Gets Judge to Approve Seizing of Payments to PDVSA
(Reuters, 27.Sep.2024) — ConocoPhillips on Friday got a Trinidad court to approve the seizing of payments from the Caribbean country to Venezuela’s state oil company […]
Amber Energy Selected to Acquire Citgo
(Amber Energy, 27.Sep.2024) — Amber Energy Inc. has been selected as the acquirer of PDV Holding, Inc., the parent of Citgo Petroleum Corporation, by Robert Pincus, […]
Oil tycoon gets license to continue buying asphalt from Venezuela
CARACAS, VENEZUELA (Nicolle Yapur, Bloomberg, 27.May.2024) — US energy magnate Harry Sargeant III secured a license to continue importing asphalt from Venezuela without breaching US […]
Up to 50 Firms Seek U.S. Oil Licenses in Venezuela, Official Says
(Reuters, 23.May.2024) — The U.S. has received up to 50 requests for individual licenses from companies aiming to do business in Venezuela’s oil industry, following the expiration of a […]
Poland Hunts for $330mn of Orlen Payments for Venezuela Oil
(Reuters, 14.May.2024) — A Swiss unit of Polish refiner Orlen paid two Dubai-based intermediary companies $330 million for Venezuelan oil, but Venezuela’s state oil company […]
Citgo Petroleum Reports 1Q:24 Results
(Citgo, 9.May.2024) — Citgo Petroleum Corporation reported its 2024 first quarter financial and operational results. Historically favorable refining margins and strong asset reliability led to […]
Broken Promises: US Oil Sanctions and Venezuela
(Rystad Energy, 29.Apr.2024) — For President Joe Biden, the situation in Venezuela remains a fly in the ointment, weighing on the administration’s energy and foreign […]
Billionaire Texas Oilman Inks Deal with PDVSA as US Sanctions Loom
(AP, 24.Apr.2024) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil […]
Potential Sour Crude Deficit Looming in the Gulf
(BTU Analytics, 23.Apr.2024) — Historically, more than half of Mexico’s heavy sour crude oil exports, mostly Maya blend, end up in the U.S., which is […]
MEEI Says OFAC GL44A Doesn’t Impact Trinidad’s Amended License
(Trinidad and Tobago Ministry of Energy and Energy Industries, 17.Apr.2024) — The Office of Foreign Assets Control (OFAC), Department of Treasury of the United States Government […]
Expiration of US Oil License to Venezuela to Impose a Ceiling on Output Growth
(Reuters, 17.Apr.2024) — The expiration of the widest U.S. license so far granted to Venezuela’s oil and gas industry will put a ceiling on the South […]
June Deadline set for Citgo Auction Bids
(Argus, 17.Apr.2024) — Bidders for Citgo‘s US refining assets have until 11 June to submit offers for the company’s 805,000 b/d of refining capacity and […]
Negotiations Fail to Renew Venezuela Sanctions Relief License
(S&P Global, 17.Apr.2024) — A few hours before the expiration of a temporary oil and gas sanctions relief license, the governments of Venezuela and the […]
US Not to Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
(Reuters, 15.Apr.2024) — The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas […]
Petrowarao Reactivates A-162 Gas Condensate Well in Zulia
(Energy Analytics Institute, 29.Feb.2024) — The mixed company Petrowarao, S.A. reactivated the A-162 gas condensate well in Zuila state in western Venezuela. The achievement was possible […]
PDVSA and Chevron oversee Petropiar safety operations
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Feb.2024, Words: 140) — Executives with state-owned Petróleos de Venezuela, S.A. (PDVSA) and Chevron Venezuela supervised safety operations […]
PDVSA’s domestic refineries producing only around 230,000 b/d
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Feb.2024, Words: 130) — Venezuela’s state-owned oil giant Petróleos de Venezuela (PDVSA), which has a total processing capacity […]
![Petroleum sanctions in Venezuela: origins, scope and failures [PDF download]](https://energy-analytics-institute.org/wp-content/uploads/2025/05/female-worker-source-pdvsa.jpeg)
Petroleum sanctions in Venezuela: origins, scope and failures [PDF download]
CARACAS, VENEZUELA (Carlos Rossi, Energy Analytics Institute, 31.Jan.2024) — Although US sanctions imposed on Venezuelan individuals for corruption charges date as far back as the […]
OFAC Updates on PDVSA Bond, Transactions [PDF Download]
(Energy Analytics Institute, 16.Jan.2024) — The US Office of Foreign Assets Control (OFAC) authorized certain transactions related to state-owned Petróleos de Venezuela, S.A.‘s 2020 8.5% […]
More Venezuela Creditors to Join Citgo Auction
(Reuters, 8.Jan.2023) — A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction […]
ONGC Videsh to Get Some Oil from Venezuela
(Reuters, 3.Jan.2023) — Venezuela has agreed to give some oil to India’s ONGC Videsh to help it recoup its pending $600 million dividend for a […]
Venezuela’s 2023 Oil Exports Rose, Aided by US Sanctions Easing
(Reuters, 3.Jan.2023) — Venezuela’s oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since […]
Venezuela grants Dragon gas field license
HOUSTON, TEXAS (Piero Stewart, Energy Analytics Institute, 20.Dec.2023) — The National Gas Company of Trinidad and Tobago (NGC) and Shell were granted a license for […]
Maduro Orders Immediate Oil and Gas Exploration in Disputed Territory
(Voice of America, 6.Dec.2023) — Venezuelan President Nicolas Maduro has ordered state-owned oil, gas and mining companies to “immediately” begin operations in a wide territory […]
Maduro to Permit Development in Disputed Territory
(Reuters, 5.Dec.2023) — Venezuelan President Nicolas Maduro said on Tuesday he would authorize oil exploration in an area subject to a dispute with Guyana, which […]
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. […]
China Slows Venezuela Crude Buys
(Reuters, 23.Nov.2023) — The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China’s independent refiners, who are now holding off on […]
Venezuela Producing 850,000 bpd, Hopes to Recover US Market
(Reuters, 22.Nov.2023) — Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million bpd, the country’s […]