Search results for: Venezuela

627 results

A list of search results

  • 10 April 2019
    Business & Finance

    US blacklisted two shipping firms and a crude oil tanker in relation to the country’s sanctions on Venezuela.

  • 11 February 2019
    Business & Finance

    Bahri dismissed reports that one of its very large crude carriers was breaching U.S. sanctions on Venezuela.

  • 29 January 2019
    Business & Finance

    The United States has imposed sanctions on Venezuela’s state-run oil firm PDVSA.

  • 1 July 2010
    Business & Finance

    Representatives from Vietnam and Venezuela’s oil and gas industries officially signed a contract in capital Caracas on June 29 to found the PetroMacareo joint-venture in plot Junin 2 in the Orinoco belt, Venezuela. The ceremony was witnessed by Vietnamese Deputy Prime Minister Hoang Trung Hai and many senior officials from Vietnam and Venezuela. PetroMacareo is […]

  • 4 December 2019

    The United States has blacklisted six tankers that were shipping crude oil from Venezuela to Cuba. 

  • 15 April 2019
    Business & Finance

    Another four shipping firms and nine vessels were hit by sanctions after transporting Venezuelan oil.

  • 8 January 2018

    Venezuela’s president Nicolas Maduro has ordered an issuance of the national cryptocurrency Petro, he expects will help the country amid the deepening economic and humanitarian crisis. According to Maduro, Petro will be linked to the country’s oil reserves and will have a value of a Venezuelan barrel of oil, or around $60, per Petro. Maduro […]

  • 20 February 2020
    Business & Finance

    The Trump administration has designated Rosneft Trading S.A.

  • 17 April 2018
    Business & Finance

    Foreign flag vessels in Venezuela to pay for services in Petros, a new cryptocurrency.

  • 25 September 2019
    Business & Finance

    The sanctions include product tankers Carlota C, Sandino, Petion, and crude oil tanker Giralt.

  • 16 March 2015
    Business & Finance

    Oil service company Tidewater is set to receive around USD 46 million plus interest and partial legal costs from Venezuela for the expropriation of its business and ships. The compensation payment has been ordered by the International Center for the Settlement of Investment Disputes (ICSID), a World Bank tribunal, Reuters reports citing a statement from Venezuelan government. Venezuelan authorities […]

  • 10 July 2015

    World Bank Tribunal has rejected Venezuela’s appeal on the ruling in March in a case brought by Tidewater against the Latin American country. On March 13, 2015, the Tribunal ruled in favor of Tidewater, who accused Republic of Venezuela of unlawfully expropriating its oil services business in Venezuela. The tribunal found that Venezuela had expropriated […]

  • 9 October 2018

    Venezuela seized around 150 kilograms of cocaine from the 47,018 dtw chemical tanker José Progress.

  • 7 June 2019
    Business & Finance

    Mediterranean Shipping Company implements a war risk premium surcharge on cargo to Venezuela. 

  • 29 July 2016
    Business & Finance

    Russian oil giant Rosneft and Venezuelan state-owned oil and gas company PDVSA have agreed to cooperate in the exploration of three blocks offshore Venezuela.  During a working visit to Venezuela, Rosneft CEO Igor Sechin met with the leadership of the country and the president of the state-owned oil company, Eulogio del Pino. According to Rosneft, the […]

  • 21 March 2017
    Project & Tenders

    Venezuela and Trinidad and Tobago have signed a framework agreement to supply natural gas from Venezuela to Trinidad and Tobago via an underwater pipeline from the Dragon field to Hibiscus field. The agreement provides for the construction, operation, and maintenance of a gas pipeline from the Dragon field in Venezuela to the Hibiscus field in Trinidad and […]

  • 8 December 2016
    Business & Finance

    Venezuela and Trinidad & Tobago have signed a gas supply deal, whereby Venezuela will export gas from Dragon field offshore Venezuela to Trinidad and Tobago. The deal was signed this week by Minister of Petroleum and President of Petróleos de Venezuela, S.A. (PDVSA) Eulogio Del Pino and the Prime Minister of Trinidad and Tobago Keith Rowley. […]

  • 24 December 2018

    Venezuela’s navy over the weekend intercepted two vessels operating in Guyanese waters for ExxonMobil, claiming they were was operating within Venezuelan territory. 

  • 13 April 2016

    Schlumberger, the world’s largest oilfield services provider, will reduce its activity in Venezuela in order to “align operations with cash collections”. Schlumberger has maintained operations in Venezuela since 1929. Today, Schlumberger manages its operations from eight locations. According to the company’s statement, the measure to reduce activity in Venezuela is a result of insufficient payments received […]

  • 17 September 2014
    Business & Finance

    Maersk Drilling has announced the divestment of its drilling barge activities in Venezuela to Barrystar Holding S.A., an investment company based in Panama.

  • 3 March 2016

    Offshore ship owner Tidewater is eligible to collect a portion of a cash claim it made against Venezuela for the expropriation of its oilfield services business in 2009. To remind the World Bank Tribunal in March 2015 ruled that Venezuela should pay $46.4 million plus interest to Tidewater regarding the expropriation of the company’s eleven vessels. […]

  • 19 August 2010

    Venezuela plans to continue shipping fuel to Iran despite the threat of U.S. sanctions. David Velasquez is Venezuela’s ambassador to Tehran. He says President Hugo Chavez’s government won’t be bullied into halting its gasoline shipments to Iran, one of Venezuela’s closest allies in the Middle East since Chavez took office.