Hartl energy Venezuela

Repsol Plans to Double Oil Production in Venezuela

Repsol has inked an agreement that will allow it to incorporate two new fields in Venezuela and effectively double its production at its Petroquiriquire joint venture (JV), CEO Josu Jon Imaz said during the Spanish company''s quarterly webcast.. The two fields, Tomo Polo and La Seba, currently produce an average 20,000 gross bbl/d. Petroquiriquire is currently

Venezuela''s VP Says Guyana Follows Exxon Mobil

Venezuela''s Vice President Delcy Rodríguez accused Guyana''s president Irfaan Ali of following mandates from Exxon Mobil Corp. and the U.S. Southern Command regarding claims to the disputed Essequibo territory

Venezuela, Iran Ink 25 Deals During State Visit

Venezuela and the Islamic Republic of Iran signed 25 deals across different development areas, including petrochemicals, during an official visit by Iranian President Seyed Ebrahim Raisi to Caracas.

Commentary: Chevron Holds Steady in Venezuela

Chevron has been in Venezuela for more than 100 years and is currently trying to recoup money from the OPEC country while confronting a number of headwinds, including political uncertainties and a now truncated

Ecoanalítica: Venezuelan Oil Production, Economy to Grow in 2024

Caracas, Venezuela-based consultancy Ecoanalítica expects Venezuela''s oil production and economy to grow in 2024—aided primarily by a recent license granted by the U.S. government to the benefit of oil and gas companies. "In general, we expected 2024 to be better than 2023," Ecoanalítica''s top economist Asdrúbal Oliveros said during a video this week on

Repsol Plans to Double Oil Production in Venezuela

Eni Confirms Giant Gas Discovery Offshore Venezuela

Eni''s #3 Perla well, drilled in 70 meters water depth in the Cardon IV block in shallow-water Gulf of Venezuela, has confirmed Perla as a supergiant gas discovery, one of the most significant

Pitts: Venezuela: Geopolitics, Sanctions, Elections and Citgo

Geopolitical events in the Middle East—specifically the Hamas attacks in Israel—and fears of escalation may stand to benefit Venezuela both indirectly from a run-up in oil prices and directly through further easing of U.S. sanctions on its oil sector.. Relaxing sanctions has always been dependent on the U.S.'' much wanted "free and fair" presidential elections in

US Extends General License for Petroleos de Venezuela Bond

The U.S. has extended the general license for Petroleos de Venezuela''s 2020 8.5% bond. 2024-10-02 - Diamondback Energy''s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy''s founders, that together totaled about $1.1 billion.

Eni, Repsol Ready Venezuela Oil Shipments to Europe Thanks to US

Italy''s Eni SpA and Spain''s Repsol SA have been given the go ahead by Washington to ship their share of Venezuelan oil production to Europe as part of broader U.S. plans to help European countries reduce their reliance on Russian energy.

''Efecto Chevron'' Jump Starts Venezuela, but

Venezuela''s production is now on track to average around 734,000 bbl/d for the year, according to OPEC data compiled by Hart Energy. If the target is achieved, it will mark the fourth consecutive year of Venezuelan

Suriname to See $23 Billion Deepwater Boom While Venezuela

Rystad Energy foresees investments offshore Suriname reaching $23 billion through 2031 driven by activities in Block 58 while it says political uncertainties continue to muddy the outlook for Venezuela.

Venezuela Lost Citgo, But the Battle''s Not Over Yet

Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA). The final auction price went for $7.3 billion to winning

Citgo Auction in Jeopardy as Venezuela Bondholders Pursue

Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo Petroleum, threatening to derail an auction to compensate more than a dozen companies for unpaid debts and expropriations by the country.. At least two groups of holders have resorted

Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says

The U.S. has received up to 50 requests for individual licenses from companies aiming to do business in Venezuela''s oil industry following the expiration of a general authorization granted last year to the sector, the chief of the U.S. mission for Venezuela said late on May 22.. The U.S. Treasury Department in mid-April said it would not renew the broader

Venezuela Must Advance Renewable Developments, Official Says

CARACAS, Venezuela—For over a century, energy-rich Venezuela has benefited economically, mainly from producing crude oil. But amid a race to net zero emissions by mid-century, it must now advance natural gas and preferably renewable developments. Venezuela is blessed with oil, gas and numerous mineral resources such as gold to steel.

Frac Spread: Price Volatility Reflects Events In Houston, Venezuela

President Nicolás Maduro of Venezuela, presiding over an epic national meltdown that has pulled virtually his entire population of 32 million into poverty, inadvertently

Pitts: Has US Policy Toward Venezuela Already Failed?

Presumably, if there are no "free and fair" elections next year in Venezuela, then the opposition will likely not win the presidency. If that is true, then maybe Washington should stop protecting Citgo Petroleum, the U.S. refining arm of Venezuela''s state-owned Petroleos de Venezuela (PDVSA).

US Eases Oil Sanctions on Venezuela for Six Months

Venezuela''s oil production averaged 733,000 bbl/d in September 2023, according to secondary source data from OPEC''s Monthly Oil Market Report. Venezuela''s current production is up from a low of around 500,000 bbl/d in 2020—but still a far cry from its 1997 peak of about 3.2 MMbbl/d.

Is Venezuela the New Iran? Sanctions, Elections Weigh on

Luis Vicente León, president of Datanalisis, Venezuela''s top polling firm, spoke with Hart Energy in an exclusive interview about Venezuela''s oil sector under the weight of U.S. sanctions, potential gas exports to Trinidad and Tobago and the shape of the country''s 2024 presidential elections.

Chart Talk: Venezuela''s Subsidized Fuels Range from

Venezuela may have many challenges, both internal and external, but one place the OPEC member''s populace feels less pain in is at the pump. In Venezuela, fuels are either subsidized or unsubsidized, with prices ranging from cheap at $0.02/gallon on the low end, to even free for certain segments of the population. (Source: Hart Energy)

Venezuela Imports 3 Million Barrels Of Naphtha Monthly

Venezuela is importing 2.5 million to 3 million barrels of heavy naphtha per month from Caribbean facilities and trading firms to use as diluent for extra heavy oil output, according to an internal report from state oil company PDVSA seen by Reuters.

Commentary: US Crude Sanctions On Venezuela: Past

Despite leeway from to U.S. allowing Chevron Corp. to operate and manage its joint ventures in Venezuela, the Maduro government has made few positive steps toward democratic reform. Due to the regime''s history of using energy assets and profits for corrupt and illegal activities, transactions involving U.S. energy companies will largely

Eni Confirms Giant Gas Discovery Offshore Venezuela

Eni''s #3 Perla well, drilled in 70 meters water depth in the Cardon IV block in shallow-water Gulf of Venezuela, has confirmed Perla as a supergiant gas discovery, one of the most significant and largest ever in Venezuela. The well also has upgraded current estimates of gas in place to more than 14 trillion cu. ft. or 2.5 billion bbl. of oil equivalent and encountered 210 meters of net pay

Harvest Natural Resources Enters Venezuela-Focused

The $32.2 million will repay Harvest''s long-term debt and support long-term growth in Venezuela and Gabon. CT Energy Holding acquired a $25.225 million, five-year, 15% senior secured non-convertible note and a $6.975 million, five-year, 0.09%% senior secured convertible note.

Weatherford Sells Russia, Venezuela Units For $500 Million

Weatherford International agreed to sell its land drilling operations in Russia and Venezuela to OAO Rosneft for $500 million as the world''s fourth-largest oilfield service provider continues to snip off some of its less-profitable work.. Russia''s largest oil producer will buy 61 land drilling crews and a fleet of workover rigs in Russia from Weatherford and six land-drilling rigs

Hartl energy Venezuela [PDF]

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