PDVSA


All posts for PDVSA

Chevron & Venezuela – Together Still

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 24 days agoLink > TrumpVenezuelaGuaido +10

ConocoPhillips vs PDVSA - Round 2

U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d. In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which m ...

Hui Shan


Posted 5 months agoLink > VenezuelaPDVSAConocoPhillips +4

Foreign Firms Look to Play Crucial Role in Venezuelan Oil and Gas Sector, Says GlobalData

The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons due to inadequate investment, shattered infrastructure and US sanctions. However, in the long term, having access to the vast hydrocarbon reserves of Vene ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > VenezuelaOilgas +7

China and Russia Remain Key Allies for Venezuela But More Financial Support Will Come at the Price of Sharing an Increasing Control of the Country’s Oil and Gas Sector, Says GlobalData

Following the recent visit of President Nicolas Maduro to China to sign cooperation agreements and seeking more financial support from the Chinese government, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > GlobalDataChinaRussia +5

FACTBOX: Venezuela's Near Collapse Takes Toll On Oil Industry

Venezuela's near economic collapse has taken a toll on the country's oil production, causing shifts in oil flows as buyers look to secure alternative supplies. As workers have fled the country, state-owned oil company PDVSA has had a difficult time maintaining crude output, let alone boosting prod ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsVenezeulaOil +5

Oil Sanctions on Venezuela No Longer Needed at Full Scale, Says GlobalData

On Monday 21 st May President Donald Trump signed a new executive order aimed at prohibiting certain oil related transactions with Venezuela. This new sanction package is, however, symbolic in comparison to the more targeted sanctions previously considered that would limit exports of Venezuelan cr ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > OilSanctionsGlobalData +2

Venezuela’s Crude Oil Production Declines Amid Economic Instability

Source: U.S. Energy Information Administration, Short-Term Energy Outlook Venezuela's crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased from 2.3 million barrel ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > VenezuelaProductionCrude oil +5

Debt Crisis Undercutting Venezuelan Production

Rystad Energy analysis shows that the Venezuelan debt crisis has caused structural changes in the country's oil and gas sector which significantly undercut its capability to produce oil. As production falls, the country's ability to service its debt decreases which in turn increases the risk of def ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Rystad EnergyVenezuelaDebt Crisis +2