(Citgo, 31.Mar.2022) — Citgo Petroleum Corporation reported its 2021 fourth quarter and year-end financial results. For the fourth quarter of 2021, Citgo generated net income […]
Tag: PDVSA
PDVSA Seeks Tankers in Anticipation of US Sanctions Easing
(Reuters, 31.Mar.2022) — Venezuela’s state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according […]
NRGBriefs: Venezuela Oil Production Tendencies in Early 2022
(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; […]
Chevron, Waiting It Out in Venezuela, Tells US Now Is the Time to Pump Oil
(WSJ, 22.Mar.2022) — For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company […]
![Washington-Caracas talks driven by 3 factors: Datanalisis’ Luis Vicente León says [video]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/VEN_lvl-for-hispano-post-18mar2022-a.jpg)
Washington-Caracas talks driven by 3 factors: Datanalisis’ Luis Vicente León says [video]
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Mar.2022, Words: 242) — Talks earlier this month between a delegation from Washington and Venezuela’s President Nicolás Maduro […]
Defaulted Venezuela Bonds Are Luring Buyers Betting on US Deal
(Bloomberg, 18.Mar.2022) — A bond that trades at 10 cents on the dollar is about as distressed as distressed gets. And yet in Venezuela, which […]
Venezuelans Feel Pain at the Pump as More Gas Stations Charge in Dollars
(Reuters, 16.Mar.2022) — Venezuelan drivers are feeling the squeeze of nagging gasoline shortages as state oil company PDVSA gradually boosts the number of its gas […]
Brief History: Venezuela’s Heavy Oils and Extraction Strategies
(Energy Analytics Institute, 13.Mar.2022) — A brief history of Venezuela’s initial crude discovery in 1914 and the eventual move to focus on the Orinoco Heavy […]
Popular thermal recovery methods used in Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2022, Words: 521) — Venezuela has historically utilized various thermal recovery methods to assist in the production […]
NRGBriefs: Venezuela’s Short-term Ability to Boost Production
(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Venezuela’s ability to boost production over the short-term by around 200,000 b/d; and an oil spill occurring […]
NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 […]
US Sanctions Hurt Our National Interests — and the Venezuelan People | Opinion
(Miami Herald, 9.Mar.2022) — Now that President Biden has announced a ban on imports of Russian oil, the United States should reevaluate sanctions against Venezuela, […]
US, Venezuela Discuss Easing Sanctions, Make Little Progress: Sources
(Reuters, 6.Mar.2022) — U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their […]
Venezuela Claims $80/bbl for its Crude
(Argus, 4.Mar.2022) — The Venezuelan oil ministry publicly reported the price it received for its crude for the first time in nearly two years this […]
NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward
(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina’s YPF holding its 4Q:21 […]
Venezuela Assigns Oil to ONGC, Maurel & Prom as They Seek US Approval
(Reuters, 1.Mar.2022) — Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to […]
NRGBriefs: TotalEnergies and APA Corp. Report Suriname Find
(Energy Analytics Institute, 21.Feb.2022) — Energy briefs including TotalEnergies and APA Corp. reporting another significant find offshore Suriname in Block 58; APA Corp. announcing 4Q:21 […]
TotalEnergies Seeks Exit from Venezuelan Gas Projects
(Bloomberg, 10.Feb.2022) — TotalEnergies SE is negotiating an exit from its natural gas operations in Venezuela, just months after the French energy giant closed its oil […]
NRGBriefs: BCV Reports Income from FX Sales from PDVSA
(Energy Analytics Institute, 1.Feb.2022) — Energy briefs including Venezuela’s income from foreign currency sales to the Central Bank of Venezuela (BCV) obtained from PDVSA reaching […]
Iranian Oil Tanker to Discharge 2 mln Barrels in Venezuela
(Reuters, 31.Jan.2022) — An Iranian supertanker carrying about 2 million barrels of condensate this week began discharging at Venezuelan state-run oil company PDVSA‘s main oil […]
Italy Top Court: Venezuela’s Ex-oil Czar Can’t be Extradited
(AP, 28.Jan.2022) — Italy’s highest court confirmed Friday that Venezuela’s former oil czar cannot be extradited to face corruption charges at home because of his […]
US Extends Citgo Protection
(AFP, 21.Jan.2022) — The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, […]
NRGBriefs: CSI Compressco Cash Distribution
(Energy Analytics Institute, 21.Jan.2022) — Energy briefs including CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general partner declaring a cash distribution attributable to the 4Q:21; […]
NRGBriefs: PDVSA Debt Stood at $35bn at YE:21
(Energy Analytics Institute, 19.Jan.2022) — Energy briefs including Brazil’s President Jair Bolsonaro visiting w/ his counterparts in Suriname and Guyana to discuss oil and gas […]
![Venezuela’s Maduro Eyes 2 MMb/d Mark in 2022 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/01/nm-source-menpet-d.jpg)
Venezuela’s Maduro Eyes 2 MMb/d Mark in 2022 [PDF Download]
(Energy Analytics Institute, 15.Jan.2022) — Venezuela’s President Nicolás Maduro, during his 15 January 2022 annual address to the nation, said the OPEC country’s oil production […]
Venezuela Gasoline Pipeline Damaged in Explosion; PDVSA Blames “Sabotage”
(Reuters, 12.Jan.2022) — Venezuela’s state-owned oil company PDVSA on Wednesday blamed an explosion along a major gasoline pipeline on “criminal sabotage”, adding that the line […]
NRGBriefs: Barinas Governor Election in Venezuela
(Energy Analytics Institute, 9.Jan.2022) — Energy briefs including results from the 9 Jan. 2022 governor election in Venezuela’s Barinas state; and the Deer Park refinery […]
Venezuela Doubles Crude Oil Exports Defying US Sanctions
(Bloomberg, 3.Jan.2022) — Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of […]
Venezuela’s 2021 Crude Output Shows No Growth from Last Year
(S&P Global Platts, 29.Dec.2021) — Venezuelan state-owned PDVSA and its foreign joint venture partners recorded average crude oil production of 560,000 b/d in 2021, according […]
Venezuela Says Oil Output Topped More Than 1 MMb/d
(Bloomberg, 27.Dec.2021) — Venezuela says it’s pumping the most oil since harsh U.S. sanctions strangled state-owned oil company Petroleos de Venezuela SA more than two years ago. […]
How Venezuela Pulled its Oil Production Out of a Tailspin
(Reuters, 27.Dec.2021) — Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump […]
NRGBriefs: Venezuelan Oil Production Touches 1 MMb/d
(Energy Analytics Institute, 24.Dec.2021) — Energy briefs including Venezuela supposedly reaching the 1 MMb/d oil production mark; and SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: […]
NRGBriefs: Trinidad To Reveal Ryder Scott Details
(Energy Analytics Institute, 8.Dec.2021) — Energy briefs including Argentina aspiring to produce 1 MMb/d in five yrs; Trinidad and Tobago looking to reveal details of […]
Venezuela: Nov. Oil Output Rises To 660 Mb/d
(S&P Global Platts, 30.Nov.2021) — Oil production by Venezuela’s state PDVSA and its foreign partners rose to 660,000 b/d in November, up 40,000 b/d from […]
Citgo 6 Remain Pawns In A US-Venezuela Standoff
(CNN, 26.Nov.2021) — The phone connection between a Venezuelan prison cell and Houston, Texas, crackles and fades. Jorge Toledo sounds tired. He’s been held for […]
Venezuela Slashes Oil Production Target
(Bloomberg, 5.Nov.2021) — Venezuela’s state oil company slashed its output target by one-third as years of corruption, brain drain and inadequate investment crippled the nation’s […]
Venezuelan Elections To Not Bring Sanctions Relief
(Platts, 4.Nov.2021) — Any major easing of US oil sanctions against Venezuela remains off the table, but the country’s Nov. 21 elections could provide a […]
Citgo Ex-President Suffers Mild Heart Attack In Venezuela Jail
(Reuters, 26.Oct.2021) — The former president of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company PDVSA, suffered a mild heart attack in prison […]
![NRGBriefs: Venezuelan Production Goals [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/PDVSA_1_t640x360-latamnrg.jpg)
NRGBriefs: Venezuelan Production Goals [PDF Download]
(Energy Analytics Institute, 25.Oct.2021) — Energy briefs including Venezuela’s near-term oil production goals; Petrobras’ plans to host two 3Q:21 webcasts using Microsoft Teams; B2Gold Corp. […]
Citgo Boards In Last-ditch Talks With Washington
(Reuters, 22.Oct.2021) — The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held […]
NRGBriefs: Renewable Energy Ops In The Caribbean
(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; […]
Venezuela’s Coastal Villages Suffer As Oil Spills Rise
(Reuters, 6.Oct.2021) — Rebeca Reyes furiously scrubbed black tar from her kids’ arms after they swam in waters tainted by crude oil during a recent […]
NRGBriefs: ANP Resolution, Ramirez Extradition Request
(Energy Analytics Institute, 23.Sep.2021) — Energy briefs from the LAC region including: Brazil’s ANP approving a resolution to regulate a reduction in royalties, a court […]
ConocoPhillips Steps Up Push To Collect PdV Debt
(Argus, 23.Sep.2021) — ConocoPhillips stands out in Venezuela’s vast universe of jilted creditors and claimants as a potential future commercial partner for state-owned PdV, a […]
Rome Court Rejects Extradition Bid For Ex-Oil Czar
(AP, 20.Sep.2021) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s […]
US To Consider Citgo Shares Sale Next Year
(Bloomberg, 15.Sep.2021) — The U.S. will consider authorizing the sale of Citgo Petroleum Corp. shares early next year, after the mandate of the Venezuela opposition […]
Private Equity Group Expects Venezuela Bet To Pay Off
(Reuters, 10.Sep.2021) — A private equity group expects a contrarian bet it made this year on Venezuela’s oil and gas sector to pay off soon, […]
Venezuela Restarts Problematic Refinery To Meet Gasoline Goals
(Bloomberg, 9.Sep.2021) — Venezuela is pushing to restart a key gasoline refinery despite questions over ongoing maintenance problems as it attempts to double fuel production […]
CNPC prepares to revive Venezuela operations
(Bloomberg, 1.Sep.2021, Words: 597) — China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to […]
Venezuela Sees Refinery Debt Swap As Model For Future Deals
(Reuters, 25.Aug.2021) — Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a […]