(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation […]
Tag: PDVSA
Exchange Offers for Venezuelan Government and PDVSA Bonds
(Canaima Fund Lux, 28.Dec.2022) — Canaima Fund Lux (“Issuer“), a securitization fund governed by the Luxembourg Law of 22 March 2004 on securitization undertakings, registered under number O27, […]
Could A Controversial Chevron Deal Be A Prelude To Venezuela’s Oil Renaissance?
(Forbes, 2.Dec.2022) — A video that state-owned oil giant Petróleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil […]
Chevron unlikely to invest more in Venezuela in short term
(Reuters, 1.Dec.2022, Words: 380) — Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to […]
Welligence: Venezuela Sanctions Update
(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, […]
Maduro Says Granting US Licenses to Chevron ‘Not Enough’
(Anadolu Agency, 1.Dec.2022) — Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed […]
Eased US Sanctions on Venezuelan Oil Provide Weak Supply Boost
(FT.com, 30.Nov.2022) — The ports of the US Gulf of Mexico coast will soon resume shipments that have been absent for more than three years: […]
Energy Analytics Institute’s NRGBriefs: November 2022
(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching […]
Maduro Calls for ‘Complete Lifting’ of Oil Sanctions
(AFP, 30.Nov.2022) — Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and […]
US State Department: Joint Statement on Venezuela Negotiations
(US Department of State, 26.Nov.2022) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs […]
US Eases Venezuela Oil Sanctions After Gov’t, Opposition Ink Deal
(Al Jazeera, 26.Nov.2022) — The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed […]
Chevron Can Resume Key Role in Venezuela’s Oil Output
(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring […]
US Prepared to Authorize Chevron to Boost Venezuela’s Oil Output
(Reuters, 23.Nov.2022) — Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and […]
Citgo Announces 3Q:22 Financial Results
(Citgo, 10.Nov.2022) — Citgo Petroleum Corporation reported 2022 third quarter net income of $477mn and EBITDA of $804mn, compared to net income of $1.29bn and EBITDA of $1.86bn in the second quarter of […]
Trinidad asks US to Allow Venezuelan Gas Imports for LNG Plant
(Reuters, 4.Nov.2022) — The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train […]
MEEI Head Young Meets with Venezuelan Vice Minister
(MEEI, 24.Oct.2022) — The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister met […]
Washington Eyes Oil Deal with Maduro Regime: Rystad Energy
(Rystad, 24.Oct.2022) — As the supply side of the oil business continues to tighten globally, calls within the US to ease sanctions on what was […]
Iran Starts Refining its Oil in Venezuela: Minister
(Xinhua, 17.Oct.2022) — Iranian Petroleum Minister Javad Owji said on Sunday that Iran has started refining its crude oil in Venezuela, SHANA news agency affiliated […]
Ecopetrol and Citgo Transaction to Offset Carbon
(Citgo, 10.Oct.2022) — A carbon compensated crude oil cargo sold by Ecopetrol and purchased by Citgo Petroleum Corporation is currently making its way to the […]
Lightning Strike and Fire Didn’t Impact RPLC: El Aissami
(Energy Analytics Institute, 19.Sep.2022) — A lightning strike at the oxidation and water treatment lagoon of PDVSA’s Puerto La Cruz Refinery on 19 September 2022 […]
Chevron Applies for Venezuela License Renewal
(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to […]
PDVSA Pauses Oil-for-debt Shipments to Europe, Wants Product Swaps
(Reuters, 12.Aug.2022) — Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it […]
Citgo Reports 2Q:22 Net Income of $1.3bn, EBITDA of $1.9bn
(Citgo, 11.Aug.2022) — Citgo Petroleum reported a second quarter net income of $1.29bn and EBITDA of $1.86bn compared to net income of $245mn and EBITDA of $518mn in the first quarter of 2022. […]
Citgo Reveals Offer to Acquire up to $286mn of its 2024 Notes
(Citgo, 11.Aug.2022) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase for cash an aggregate principal amount of up to $286.231mn (the “Excess Cash Flow […]
Repsol Confirms Venezuela Crude Deal Restart
(Argus, 28.Jul.2022) — Spain’s integrated Repsol has resumed its crude-for-debt deal with Venezuela, and said the arrival of around 3mn bl of Venezuelan crude at […]
US Investors Form JV to Pursue Oil and Gas Projects in Venezuela
(Reuters, 5.Jul.2022) — Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration […]
NRGBriefs: OFAC Takes Former PDVSA VP off SDN List; Bristow to Ring Opening Bell
(Energy Analytics Institute, 17.Jun.2022) — Energy briefs including the US Department of Treasury announcing the removal of former PDVSA Vice President Carlos Erik Malpica Flores […]
US to Allow Venezuelan oil to be Shipped to Europe: Report
(The Hill, 5.Jun.2022) — The U.S. will reportedly resume allowing Venezuelan oil to flow to Europe, people familiar with the matter told Reuters. The outlet on […]
US to Let Eni, Repsol Ship Venezuela Oil to Europe, Reuters Says
(Bloomberg, 5.Jun.2022) — The US could allow Italy’s Eni SpA and Spain’s Repsol SA to ship Venezuelan oil to Europe as soon as July to make up […]
PDVSA Extends Diesel Sales in Dollars, Cutting Subsidy
(Reuters, 30.May.2022) — Venezuela’s state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers […]
US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms
(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely […]
NRGBriefs: Maduro tells Venezuelans to be on “maximum alert”
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.May.2022, Words: 144) — Energy briefs including Venezuela’s President Nicolás Maduro warning citizens of the OPEC country to […]
Citgo Reports 1Q:22 Net Income of $245mn
(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and […]
US Moves to Ease a Few Economic Sanctions on Venezuela
(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations […]
US to Ease Some Energy Sanctions on Venezuela
(CNN, 17.May.2022) — The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, […]
Venezuela Petroleum Chamber President Quintero on the Oil Sector
(Energy Analytics Institute, 16.May.2022) — Venezuela Petroleum Chamber President Reinaldo Quintero spoke with Venezuelan media outlet Globovision on 16 May 2022 about US sanctions imposed […]
NRGBriefs: YPF Reports Strong 1Q:22 Results; Ecopetrol Growth
(Energy Analytics Institute, 11.May.2022) — Energy briefs including Argentina’s state-owned YPF delivering strong results during the 1Q:22 and again achieving higher hydrocarbon production; Ecopetrol CEO […]
OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader
(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General […]
OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex
(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical […]
NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down
(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and […]
NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities
(Energy Analytics Institute, 7.May.2022) — Energy briefs including the Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo visiting Venezuela to participate in meetings […]
Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays
(Reuters, 6.May.2022) — Venezuela’s oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil […]
Venezuela and Iran to Deepen Oil and Defense Ties
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss […]
Venezuelan Workers Celebrate May Day with President Maduro
(Energy Analytics Institute, 1.May.2022) — Venezuelan workers from across various sectors together with workers from the still important petroleum sector marched to Miraflores Presidential Palace […]
NRGBriefs: The Vennie-Trini Gas Dilemma; TotalEnergies’ 1Q:22 Results
(Energy Analytics Institute, 28.Apr.2022) — Energy briefs including Venezuela’s inability to develop its gas sector presenting a massive opportunity for neighboring Trinidad and Tobago with […]
NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls
(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference […]
FACT BOX: Venezuela’s Faja Contains 1,360 Billion Barrels of OOIP
(Energy Analytics Institute, 22.Apr.2022) — Venezuela is home to the Hugo Chávez Orinoco Heavy Oil Belt, also known as the Faja, which contains original oil […]
Wood Mackenzie Foresees Slow Production Recovery in Venezuela
(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, […]
NRGBriefs: Argentina Inflation Likely to Exceed 6% in March 2022
(Energy Analytics Institute, 13.Apr.2022) — Energy briefs including economists in Argentina expecting inflation in Mar. 2022 to exceed 6%; and Energy Analytics Institute’s short takeaway […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under […]