Petróleos de Venezuela SA (PDVSA)
About
Petróleos de Venezuela SA (PDVSA) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.
Headquarters Address
Caracas ,
Venezuela
Website
www.pdvsa.comTransactions
PBF Subsidiary Closes Chalmette Refinery Acquisition
PBF Subsidiary Closes Chalmette Refinery Acquisition
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New Financings
Redeemed all 7.33% bonds due 2009, 7.9% bonds due 2020 and 8.03% bonds due 2028 issued by Cerro Negro…
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News
Repsol Plans to Double Oil Production in Venezuela
Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.
Renewed US Sanctions to Complicate Venezuelan Oil Sales, Not Stop Them
Venezuela’s oil exports to world markets will not stop, despite reimposed sanctions by Washington, and will likely continue to flow with the help of Iran—as well as China and Russia.
US Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
The Biden administration holds out little hope that Maduro will make enough concessions before the April 18 deadline to satisfy U.S. demands.
PDVSA Contributed $6.2B to Government Coffers in 2023
Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.
Ecoanalítica: Venezuelan Oil Production, Economy to Grow in 2024
Venezuelan consultancy Ecoanalítica expects the OPEC country’s oil production and economy to grow in 2024—aided primarily by a recent license granted to the benefit of oil and gas companies by the U.S. government.
Venezuelan Lawmakers Back Extension for PDVSA, Chevron Tie-ups
Venezuela's national assembly approved a 15-year extension for a pair of joint ventures between state-owned oil company PDVSA and U.S. major Chevron.
Venezuela's PDVSA, Chevron Request 15-year Extension for Two Joint Ventures
More investment is needed for PDVSA and Chevron to reach production levels seen before oil sanctions were first imposed in 2019.
Global Energy Watch: Chevron and the US’ Geopolitical Chess Match with Venezuela
To allow Chevron Corp. to recoup outstanding debts in Venezuela, Washington has had to make two risky board moves in a geopolitical chess match with the South American country.
US Eases Oil Sanctions on Venezuela for Six Months
The U.S. Office of Foreign Assets Control (OFAC) issued a license that authorizes some transactions by Venezuela’s oil and gas industry for a limited time, but a meaningful production ramp up would require massive investments over multiple years, analysts say.
ConocoPhillips and Others Eye Citgo Auction [WATCH]
Venezuela’s U.S.-based refining arm Citgo Petroleum is a step closer to reaching a theatrical climax as a court ordered sale date quickly approaches.
Citgo Drama Continues as Court-ordered Sale Date Nears
The fate of Venezuela’s U.S. refining arm Citgo Petroleum is closer to reaching a theatrical climax as a court ordered sale date approaches.
Chart Talk: Venezuela’s Subsidized Fuels Range from Free to Cheap
In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice.
Venezuela’s Burning Through Gas and Cash
Home to the world’s seventh-largest natural gas reserves, the OPEC member has a massive flaring problem which, if resolved, could allow it to monetize its onshore associated gas production.
‘Efecto Chevron’ Jump Starts Venezuela, but Production to Decline
More oil industry changes are still needed before Venezuela, which is producing less than 800,000 bbl/d, will be able to just break the 1 MMbbl/d barrier, the country’s top economic consultancy says.
Venezuela Must Advance Renewable Developments, Official Says
OPEC member Venezuela has benefited economically over the last century, mainly from producing oil, but as the race to net zero emissions picks up speed, the Caribbean country must now advance natural gas-related and renewable developments such as wind, solar and bioenergy.