Venezuela has replaced the executive overseeing state-run PDVSA’s oil-production joint ventures, two people familiar with the matter said on Friday, the latest shakeup as the OPEC nation’s crude output collapses. Continue Reading
Venezuela’s crumbling oil industry looks set for more political turmoil. Oil minister and PDVSA CEO Manuel Quevedo may be on the outs, as President Nicolas Maduro is preparing a cabinet Continue Reading
As Venezuela collapses, one little-known U.S. investment fund is poised to win big from litigation against its socialist government: Tenor Capital Management. Since 2012, the New York firm has invested Continue Reading
U.S. oil production will continue to grow at a rapid pace until 2025, while Venezuela’s crude output is set for further declines, Fatih Birol, the Executive Director of the International Continue Reading
“Unfortunately, the Republic has stopped paying on these bonds,” Mr. Stancil, an attorney at Robbins, Russell, Englert, Orseck, Untereiner & Sauber, said of Venezuela in an email. “My clients have Continue Reading
A group of creditors has demanded payment on a $1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and Continue Reading
Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday. The refinery has been Continue Reading
There have been many unfulfilled expectations and disappointments in the energy market during 2018. At the beginning of the year, I listed four issues for readers to watch. • Renewables, Continue Reading
Sao Paulo — Venezuela’s largest steelmaker Sidor is expected to finish 2018 at its lowest output level in the history, according to production data. According to sources, the company produced Continue Reading
A Venezuelan oil joint venture with a state-owned Chinese company accounting for around 10 percent of the crisis-stricken OPEC member country’s output has nearly doubled production in the past seven Continue Reading
