(Energy Analytics Institute, Ian Silverman, 8.Aug.2018) â Chief Judge Stark of the US Federal District Court in Delaware immediately agreed with our arguments calling out […]
Tag: PDVSA
Venezuela Dodges Oil Asset Seizures
(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) â Reuters) – Venezuelaâs state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports […]
Venezuelaâs Oil Production Turning a Corner?
(FoxBusinss, Leia Klingel, 7.Aug.2018) â Oil production by Venezuelaâs PDVSA may have started to improve, with the state-owned oil and gas producer reporting that production […]
Venezuela Is Oil Marketâs Bizarro World
(S&P Global Platts, Nastassia Astrasheuskaya, 7.Aug.2018) â Venezuela’s state oil and gas company PDVSA cut its debt to Russia’s top crude producer Rosneft by $400 […]
US Abandons Sanctions to Avoid Owning Venezuela Collapse
(S&P Global Platts, Brian Shield, 7.Aug.2018) â Just more than a year ago, it was not a question of âifâ, but âwhen.â As Venezuelaâs leftist […]
Venezuela Waiving All Taxes on Profits from PDVSA
(Energy Analytics Institute, Piero Stewart, 7.Aug2018) â Aside from wasting paper, more importantly, the recent Gaceta Oficial in Venezuela also has a decree from President […]
How Venezuela Gets Plundered
(DW.com, Andreas Knobloch, 6.Aug.2018) â A money-laundering scandal involving Venezuela’s state oil company PDVSA could turn into a problem for a Swiss bank. A German […]
How Far Can Venezuela Go In Raising Gas Price?
(AFP, Esteban Rojas, 5.Aug.2018) â In Venezuela’s inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline — an absurdity that the […]
Citgo Raises $$750,000 for Muscular Dystrophy Association
(Citgo Petroleum Corporation, 31.Jul.2018) â The Muscular Dystrophy Association (MDA) depends on partnerships to fulfill their mission, and as their largest corporate sponsor, Citgo Petroleum […]
Venezuela the Clear Leader in Oil Reserves
(UPI, Daniel J. Graeber, 31.Jul.2018) â An annual review of energy trends from Italian energy company Eni found the United States is a “game changer,” […]
Once Oil Wealthy, Maracaibo Struggles to Keep Lights On
(Reuters, Mayela Armas, 31.Jul.2018) â Across Maracaibo, the capital of Venezuelaâs largest state, residents unplug refrigerators to guard against power surges. Many only buy food […]
US Charges Point to Rampant Corruption at PDVSA
https://www.insightcrime.org/news/analysis/us-charges-point-to-rampant-corruption-at-venezuela-state-oil-company/ (InSight Crime, 30.Jul.2018) â US authorities are charging a network of Venezuelan elites and international financial actors with laundering over a billion dollars stolen […]
Venezuela Inflation to Hit 1 Mln Percent. Thanks, Socialism.
(Washington Post, Megan McArdle, 27.Jul.2018) â According to the International Monetary Fund, by the end of the year, the annual inflation rate in Venezuela will […]
Venezuela Gasoline Price Likely to Rise
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The price of gasoline in Venezuela is likely to increase. For some services such as gasoline, there will […]
Falling Oil Output Squeezes Maduro Government
(Energy Analytics Institute, Piero Stewart, 27.Jul.2018) â The continued decline in Venezuelaâs oil production acts to squeeze the government of President Nicolas Maduro, says an […]
Machado Says PDVSA Converted into âJunkâ
(Energy Analytics Institute, Piero Stewart, 25.Jul.2018) â PDVSA has been converted into âjunk or scrapsâ by the administration of the current Venezuelan president. Thatâs according […]
Former Cerro Negro Workers Still Seek Payment
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â It has been 11 years and the 7,000 direct and indirect Venezuelan workers of US oil company Exxon […]
Oil, Electric Sectors to Join Venezuelan Strike
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â Representatives from trade unions from the oil, electricity, food, education and health sectors announced plans to join a […]
Union Official Demands Release of PDVSA Workers
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â The four workers are being held in detention due to accusations they caused a petroleum spill in the […]
Venezuela Thermal Plants at 25-30% of Capacity
(Energy Analytics Institute, Piero Stewart, 23.Jul.2018) â Venezuelaâs thermal generation plants in Caracas are only operating at 25% to 30% of capacity, and units 7, […]
Ex-Venezuelan Energy Official Pleads Guilty
(AP, 20.Jul.2018) â A former official at a state-run electric company in Caracas, Venezuela, pleaded guilty on Monday to money laundering conspiracy relating to an […]
Venezuela Facing ‘Economic Collapse’, IMF Warns
(AFP, 18.Jul.2018) â Venezuela is in a state of âeconomic collapseâ with hyperinflation not seen since the middle of the last century, the International Monetary […]
U.S. Revokes Visa of Citgo CEO
(Bloomberg, Lucia Kassai and Fabiola Zerpa, 18.Jul.2018) â Being a blood relative of Hugo Chavez used to open doors. Now Asdrubal Chavez, cousin of the […]
Venezuela Claims It Plans To Raise Oil Production
(OilPrice.com, Tsvetana Paraskova, 17.Jul.2018) â Venezuelaâs Oil Minister Manuel Quevedo has discussed plans with state-held oil company PDVSA to raise the countryâs crude oil production […]
Why Is Venezuela Still Sending Subsidized Oil To Cuba?
(OilPrice.com, Haley Zaremba, 17.Jul.2018) â In the past, oil has accounted for 96 percent of Venezuela’s exports and over 40 percent of government revenues. Now, […]
How Venezuela Struck It Poor
(Foreign Policy, 16.Jul.2018) â The tragic â and totally avoidable â self-destruction of one of the worldâs richest oil economies. In the spring of 1959, […]
Ex-Venezuelan Energy Official Pleads Guilty
(AP, 16.Jul.2018) â A former official at a state-run electric company in Caracas, Venezuela, pleaded guilty to money laundering conspiracy relating to an alleged multibillion-dollar […]
Venezuelaâs Maduro Introduces Petro in Turkey
(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) â Venezuelaâs President NicolĂĄs Maduro introduced âel petroâ during a presentation in Turkey. Maduro reiterated that the Petro crypto-currency […]
Venezuela, Turkey Discuss Oil Supply
(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) â Venezuelaâs President NicolĂĄs Maduro announced the two countries could soon sign a new oil agreement. âA new agreement […]
Machado Says Venezuela âShow Canât Go Onâ
(Energy Analytics Institute, Piero Stewart, 13.Jul.2018) â Opposition leader MarĂa Corina Machado said the âshow canât go onâ during a video broadcast from Punto Fijo. […]
No End In Sight For Venezuelaâs Oil Crisis
(OilPrice.com, Nick Cunningham, 12.Jul.2018) â Venezuelaâs oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus […]
PDVSA Gas Replaces Section of Gas Pipeline
(Energy Analytics Institute, Piero Stewart, 11.Jul.2018) â PDVSA Gas announced completion of work on the Cariaco-Margarita Wharf section of the Northeast G / J Gas […]
JusepĂn Oil Spill Demonstrates PDVSA Safety Failures
(Maritime Herald, 9.Jul.2018) â The oil spill that occurred this Friday, July 6 in two tanks of the secondary recovery plant of the JusepĂn Operational […]
Quevedo Prays for Higher Venezuelan Output
(Energy Analytics Institute, Piero Stewart, 8.Jul.2018) â Venezuelaâs Oil Minister General Manuel Quevedo prayed to God in search of divine assistance to boost Venezuelaâs oil […]
China Gives New Life to Venezuela Despite US’ Ire
(Sputnik News, 5.Jul.2018) â China is lending its helping hand to Venezuela to stabilize the country’s oil sector, analysts told Sputnik, adding that Beijing’s economic […]
PetroVictoria Producing 10,000 b/d
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) â The heavy oil project is currently producing 10,000 barrels per day, according to PDVSA. PetroVictoria, is a joint […]
PDVSA Installs Two Heavy Oil Desalters
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) â The land transfer of two from BolĂvar to AnzoĂĄtegui states, for oil crude desalination has successfully been completed. […]
China to Invest $250 mln to Boost Venezuelaâs Oil Sector
(Bloomberg, 4.Jul.2018) â Venezuelaâs distressed oil sector may get some much needed financing from China, Finance Minister Simon Zerpa said after meetings with officials from […]
Venezuela’s Declining Crude Exports Squeeze India’s Refiners
(Reuters, Marianna Parraga, 3.Jul.2018) â Venezuelaâs crude shipments to India, its third largest export market, fell 21 percent in the first half of the year, […]
China Throws Venezuelaâs Oil Industry $5B Lifeline
(OilPrice.com, Irina Slav) â Chinaâs Development Bank has approved a US$5-billion loan for Venezuelaâs oil industry, Bloomberg reports, quoting the troubled South American countryâs Finance […]
US$1.4B Deal to Restart St Croix Refinery
(Stabroek News, 3.Jun.2018) â U.S. Virgin Islands Governor Kenneth E. Mapp announced yesterday an agreement which would reopen one of the worldâs largest refineries, create […]
Petrozamora Incorporates Steam Generators in Zulia
(Energy Analytics Institute, Piero Stewart, 3.Jul.2018) â PDVSA Petrozamora, a joint venture comprised of PDVSA and Russiaâs Gazprom, completed recovery and incorporation of two steam […]
PetroPiar Ends Preventative Maintenance
(Energy Analytics Institute, Piero Stewart, 3.Jul.2018) â Work on the upgrader concluded four days ahead of schedule, according to Caracas-based PDVSA. Operational activities at the […]
Trinidad, Venezuela Near Gas Sales, Export Agreement
(TeleSur, 29.Jun.2018) â The government of Trinidad and Tobago is projecting that a gas sales agreement with Venezuela will be finalized, signed and ready to […]
Venezuelaâs Oil Ministry Has New Website
(Energy Analytics Institute, Piero Stewart, 29.Jun.2018) â Venezuelaâs Oil Ministry launched its new website and promotional video regarding the same. đ»đȘđ #WEB | Desde @MinPetroleoVE […]
Venezuela, Trinidad Review Joint Projects
(Energy Analytics Institute, Piero Stewart, 29.Jun.2018) â A delegation from Trinidad & Tobago traveled to Venezuela to discuss joint projects and gas related issues. The […]
Citgo Appoints Aruba Refinery Executives
(Reuters, 28.Jun.2018) â Citgo Petroleum, the U.S. refining arm of Venezuelaâs state-run oil company PDVSA, said it appointed two senior executives to new positions as […]
PDVSA, Rosneft Officials Discuss Projects
(Energy Analytics Institute, Piero Stewart, 28.Jun.2018) â Officials from both oil companies held meetings in Caracas to discuss partnerships. PDVSA President Manuel Quevedo, who also […]
PDVSA, Reliance Discuss Trade Opportunities
(Energy Analytics Institute, Piero Stewart, 28.Jun.2018) â Officials from PDVSA and Reliance assess new trade opportunities. PDVSA President Manuel Quevedo met with a delegation headed […]
OPEC Deal Implies 1.972 MMb/d from Venezuela
(Energy Analytics Institute, Piero Stewart, 27.Jun.2018) â OPECâs recent agreement in Vienna implies Venezuelaâs commitment to comply with oil production of 1.972 million barrels per […]