Search results for: PDVSA

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  • 2 November 2012

    Venezuela’s oil company PDVSA has decided to plug and abandon its exploration well offshore Cuba, according to Granma newspaper. The Cabo de San Antonio 1X well, drilled by the Scarabeo 9 rig, failed to show commercial hydrocarbon volumes, but, according to Granma, valuable geological information has been obtained. Cuba’s state oil company, Cubapetróleo (Cupet) has […]

  • 17 June 2016

    Texas resident Roberto Enrique Rincon Fernandez, the owner of multiple U.S.-based energy companies pleaded guilty on Thursday to foreign bribery and tax charges for his role in a scheme to corruptly secure energy contracts from Venezuela’s state-run energy firm, Petroleos de Venezuela S.A. (PDVSA). According to the U.S. Department of Justice, Rincon, 55, of The […]

  • 6 October 2016

    By Corina Pons and Brian Ellsworth CARACAS (Reuters) – Venezuelan state oil company PDVSA is seeking to issue up to $4.7 billion (3.7 billion pounds) in debt securities to settle unpaid bills to contractors, according to a document seen by Reuters, as the cash-strapped firm scrambles to cope with low oil prices. The proposal signals […]

  • 26 August 2016

     Venezuela’s energy minister and president of oil company PDVSA Eulogio Del Pino met with Claudio Descalzi, CEO of Italian oil company Eni to agree on the necessary conditions to develop infrastructure to produce more gas and condensate from Cardon IV block at the Gulf of Venezuela. The Cardon IV block contains the giant Perla field, […]

  • 29 May 2015

    The president of Petróleos de Venezuela, S.A. (PDVSA), Eulogio Del Pino, welcomed yesterday, May 28, 2015, the president of the Russian state oil company Rosneft, Igor Sechin. They evaluated joint projects that are being developed in Venezuela. During his visit, Sechin also met with the President of the Bolivarian Republic of Venezuela Nicolás Maduro. The […]

  • 26 November 2015
    Business & Finance

    State oil company of Venezuela Petroleos de Venezuela SA (PDVSA) said on Wednesday that it guarantees that all operations performed in its docks and terminals, including crude oil export, cabotage maneuvers and purchase of inputs for oil production were normal. According to PDVSA’s Vice President of Refining, Trade and Supply of the national oil company, Jesus Luongo, said that […]

  • 27 November 2017
    Business & Finance

    The President of Venezuela, Nicolás Maduro, has appointed Major General Manuel Quevedo as the country’s Minister of Petroleum and President of PDVSA.

  • 5 June 2014

    The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael Ramírez, Eni’s CEO, Claudio Descalzi, and Repsol’s President, Antonio Brufau, signed strategic agreements concerning the exploitation of the Perla field, one of the largest worldwide discoveries of the last decade. The first agreement is a Memorandum of Understanding for the creation of […]

  • 29 August 2013

    Rafael Ramirez, Venezuela’s Minister of Petroleum, and Paolo Scaroni, CEO of Eni, met in Caracas to discuss activities and joint projects in Venezuela. During the meeting, Mr. Scaroni along with Claudio Descalzi, COO of Eni E&P, shared with Minister Ramirez the progress and future activities of development of projects related to the Perla super-giant field […]

  • 29 August 2013

    Rafael Ramirez, Venezuela’s Minister of Petroleum, and Paolo Scaroni, CEO of Italian oil giant Eni, met in Caracas to discuss activities and joint projects in Venezuela. During the meeting, Scaroni along with Claudio Descalzi, COO of Eni E&P, shared with Minister Ramirez the progress and future activities of development of projects related to the Perla […]

  • 9 August 2011

    PDVSA, Venezuelan state oil company, has taken delivery of the second in a series of Cuban-built harbor tugs. The first, Kariña, was delivered in April last year. Like that vessel, the latest tug, Guaiquerie, has been built in the Havana shipyard of Caribbean Drydock Company. The PDVSA program is for a total of eight tugs, six […]

  • 5 June 2014
    Business & Finance

    The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael Ramírez, Eni’s CEO, Claudio Descalzi, and Repsol’s President, Antonio Brufau, signed strategic agreements concerning the exploitation of the Perla field, one of the largest worldwide discoveries of the last decade. The first agreement is a Memorandum of Understanding for the creation of […]

  • 4 February 2008

    Total announces the signature of two joint study agreements with PDVSA concerning the Junin 10 block in the Orinoco Belt in Venezuela. Signed by Christophe de Margerie, Chief Executive Officer of Total, and Rafael Ramirez, Minister of Energy and Petroleum of the Bolivarian Republic of Venezuela and President and Chief Executive Officer of PDVSA, the […]

  • 15 November 2010
    Business & Finance

    Eni announces the successful results of the Perla 3 well, located in the Cardón IV Block, in the shallow water of the Gulf of Venezuela. This well confirms Perla as a world-class supergiant gas discovery, one of the most significant in recent years and the largest ever in Venezuela, upgrading current estimates of gas in […]

  • 29 March 2017
    Business & Finance

    An oil leak has sprung from a pipeline connecting the main oil-exporting complex with a tanker loading facility at Venezuela’s Port of Jose Terminal, the country’s oil and natural gas company Petróleos de Venezuela, S.A. (PDVSA) confirmed. The spill was caused by a rupture in the line connecting the crude terminal to a single buoy mooring (SBM) at Petro San Felix, one of […]

  • 1 June 2011

      SNC-Lavalin  announced that it has been selected to perform the front end engineering and design (FEED) for Petróleos de Venezuela, S.A.’s (PDVSA) Rio Caribe-Mejillones gas-condensate development offshore Venezuela. This award follows SNC-Lavalin’s successful completion of the concept screening phase in 2010. The project site is located about 40 km north of the Peninsula De […]

  • 22 August 2018
    Business & Finance

     ConocoPhillips has signed a USD 2 billion settlement agreement with PDVSA.

  • 15 November 2012

    Songa Offshore, the Cyprus-headquartered owner of offshore drilling rigs, announced that its Songa Mercur rig is not far from spudding its first well offshore Cuba. The company announced in its fleet status report that the rig has set sail from Trinidad to Cuba during the first week of November. Upon arrival to the Caribbean country’s […]

  • 18 June 2013

    The President of Venezuela, Nicolas Maduro, the Minister of Petroleum of Venezuela, Rafael Ramirez, and the CEO of Eni, Paolo Scaroni, met today in Rome to discuss the activities and joint projects in Venezuela. During the meeting, which was, according to Eni, held in an atmosphere of cordiality, they discussed the progress of the Perla […]

  • 27 September 2016
    Business & Finance

    After being delayed for 100 days off the coast of Venezuela due to unresolved payment issues, the 2013-built tanker Sonangol Cabinda finally finished discharging its cargo on Monday at Curacao’s Bullen Bay terminal, according to Reuters. The 157,748 dwt ship arrived at the Curacao terminal in June, however, the vessel was not granted the approval to […]

  • 1 June 2011
    Business & Finance

      SNC-Lavalin announce that it has been selected to perform the front end engineering and design (FEED) for Petróleos de Venezuela, S.A.’s (PDVSA) Rio Caribe-Mejillones gas-condensate development offshore Venezuela. This award follows SNC-Lavalin’s successful completion of the concept screening phase in 2010. The project site is located about 40 km north of the Peninsula De […]

  • 24 December 2012

    The Minister of Petroleum and Mines of Venezuela, Rafael Ramírez, and Eni’s CEO Paolo Scaroni, met today in Caracas to discuss joint activities and projects in the country. During the meeting, the two parties discussed the development of the giant Perla field, one of the world’s largest gas fields that has been discovered in recent […]