PDVSA

Recent Articles

Venezuelans Face Growing Queues To Buy Gasoline
Thursday, September 21, 2017 Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves.
Venezuela's Crude Supply To The United States Was Flat In August
Wednesday, September 13, 2017 Venezuelan crude sales to the US in August were largely unchanged at 638,935 bpd compared with the prior month, but continued to fall far short of year-earlier levels.
Venezuela Probing 'Spectacular' Overpricing In Orinoco Oil Contracts
Thursday, August 31, 2017 Venezuela's new chief prosecutor is investigating 'spectacular' overpricing in a dozen contracts in the nation's Orinoco oil belt.
Venezuela's Maduro Swaps Oil Minister And PDVSA President
Friday, August 25, 2017 Venezuelan President Nicolas Maduro names Oil Minister Nelson Martinez as the head of state oil company PDVSA.
PDVSA Negotiating Curacao Refinery Lease, Open to China Partner
Friday, August 25, 2017 PDVSA has operated the refinery for decades, but the cash-poor company has been reluctant to invest in it.
Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow
Wednesday, August 23, 2017 For Schlumberger and Halliburton the road to payment for services in Venezuela is increasingly long and winding.
Venezuela's Oil Company Says 'Financial Blockade' Hurts Payments
Friday, August 18, 2017 A US-led 'financial blockade' has hurt PDVSA's capacity to collect payment for crude cargoes
No-Name US Oil Driller Gets Shot at World's Top Reserves
Wednesday, August 09, 2017 'It's very unorthodox to see a small player like Horizontal Well Drillers pop up on a project this size,' said Luke Lemoine, an energy analyst at Capital One Securities Inc.
Rosneft Says Lent Venezuela's State Oil Firm A Total Of $6B
Tuesday, August 08, 2017 Rosneft says it made around $6 billion in pre-payments to PDVSA and had no immediate plans to make any further advance payments soon.
Russian Oil Giant Lends Support to Venezuela Oil Company
Friday, August 04, 2017 Russia's largest oil company disclosed another advance payment to Venezuela's state producer after the US sanctioned President Nicolas Maduro on Monday.
PDVSA Asks Bondholders to Waive Financial Reporting Requirements
Thursday, August 03, 2017 PDVSA is asking bond investors for a temporary waiver from financial reporting requirements because it can't complete the documents on time.
Document: PDVSA's Refining Network To Work At 44% Of Capacity In Aug
Tuesday, August 01, 2017 PDVSA expects its refining network to work at 44% of capacity in August due to a lack of light crude and spare parts and planned maintenance work.
Court Orders PDVSA to Allow Sale of Oil at Sovcomflot's Request
Tuesday, July 18, 2017 The court action suggests even political allies of Venezuela such as Russia are losing patience with PDVSA's payment delays.
Venezuela's PDVSA Guarantees Investor Security Amid Uncertainty
Monday, July 10, 2017 PDVSA says in a statement it is guaranteeing "legal security" for all foreign companies in the leftist-run nation.
White House Is Said to Be Unlikely to Restrict Venezuelan Crude
Friday, July 07, 2017 U.S. officials have not made any decisions on what, if any, sanctions may be imposed on Venezuela.
Venezuela's PDVSA Says Cardon Refinery Cracker Working Normally
Wednesday, June 21, 2017 The catalytic cracking unit at Venezuela's 310,000-barrel-per-day (bpd) Cardon refinery is now working normally.
Venezuela Looks Abroad for Fuel as Domestic Production Wanes
Tuesday, June 20, 2017 Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year.
Venezuelan Refinery Reels As PDVSA Ships Light Oil To Cuba, Curacao
Tuesday, June 06, 2017 Venezuela's 187,000-barrel-per-day Puerto la Cruz refinery is running at 16 percent of capacity, mainly due to a lack of light oil.
Venezuela's Secret Plot to Sell Banned Syrian Oil in US Market
Thursday, May 25, 2017 The plan reportedly aimed to sell discounted Syrian oil to Venezuela through a Russian shell company, which would send it to Aruba for refining and distribution to US gas stations.
Venezuela Oil Executive Arrested in Corruption Probe
Tuesday, May 23, 2017 Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp.