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2019-03-11 11:15:00

VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN

VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN

PLATTSAn international tribunal on Friday ordered Venezuela to pay ConocoPhillips roughly $8.7 billion in compensation for the seizure of company assets in 2007.

Among other payments, the World Bank Group's International Center for Settlement of Investment Disputes ordered Friday that Venezuela must pay nearly $4.5 billion to compensate for the seizure of ConocoPhillips' Hamaca project and nearly $3.4 billion to compensate for the seizure of its Petrozuata project. In addition to those two heavy oil…

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VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 27, 09:10:00
VENEZUELA'S OIL FOR CHINA
PLATTS - China's crude imports from Venezuela surged 50.7% month on month to 411,000 b/d or 1.74 million mt in January, posting the fifth month in a row of increase after hitting a four-year low last September, data released by the General Administration of Customs showed
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 27, 09:05:00
STRONG VENEZUELA SANCTIONS
PLATTS - The US is set to impose "even stronger sanctions" on Venezuela President Nicolas Maduro's financial networks, likely further hindering crude oil production and exports as US sanctions on state-owned oil company PDVSA entered their fifth week, US Vice President Mike Pence said Monday.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 8, 11:35:00
U.S., VENEZUELA SANCTIONS
EIA - Recently announced U.S. sanctions directed at Venezuela’s energy sector and state oil company, Petróleos de Venezuela, S.A. (PDVSA), will essentially eliminate U.S. imports of Venezuelan crude oil as the full effects of the sanctions emerge. However, the U.S. Energy Information Administration (EIA) does not anticipate any significant decrease in U.S. refinery runs as a result of these sanctions.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, February, 1, 11:30:00
U.S. LOOSE VENEZUELA'S OIL 500 TBD
PLATTS- US refiners cannot rely on Mexico to replace Venezuelan heavy oil imports as the country is battling to reverse its declining production and Pemex's oil is sold under contractual basis, analysts and others say.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, January, 30, 11:35:00
WEAK VENEZUELA SANCTIONS
OGJ - “The sanctions will affect refinery margins in the US. Now they will have to import heavy crude from the Middle East at a premium. US refiners will be amongst the biggest losers, as we have noted earlier,” Rodriguez-Masiu said.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, January, 30, 11:30:00
U.S., VENEZUELA SANCTIONS ALWAYS
PLATTS - The Trump administration announced Monday that it will sanction PDVSA, Venezuela's state-owned oil company, a move that could suspend roughly 500,000 b/d of Venezuelan crude exports to US Gulf Coast refineries and shut down US exports of diluents to the South American nation.
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Tags: VENEZUELA, CONOCOPHILLIPS,
Chronicle:
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 23, 10:50:00
ROSNEFT SALES VENEZUELA'S OIL
Rosneft, which produces around five percent of the world’s oil, is now taking care of shipping and marketing operations for the bulk of Venezuelan oil exports, ensuring that PDVSA can continue to supply buyers.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 23, 10:45:00
ROSNEFT SWITCH TO EURO
Rosneft last week asked buyers to use the euro as the default currency for the first time in a spot tender to sell naphtha
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 23, 10:40:00
ROSNEFT IN MOZAMBIQUE
Rosneft Oil Company and the National Petroleum Institute (Instituto Nacional de Petróleo, INP) have signed a Cooperation Agreement. The document was signed by Chief Executive Officer of Rosneft Oil Company Igor Sechin and Chairman of INP Carlos Zacarias. In addition, Rosneft has signed a Memorandum on Expansion of cooperation in Mozambique with the National Hydrocarbon Company (Empresa Nacional de Hidrocarbonetos, ENH).
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 23, 10:35:00
ADNOC CONTRACTS $3.6 BLN
The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The combined scope of the three contracts awarded is one of the world’s largest in this category, maximizing value for ADNOC across its drilling value chain and underpinning its strategy to deliver a more profitable upstream business.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 23, 10:30:00
THE NEW CANADA'S LNG
Woodfibre LNG, a subsidiary of Singapore-based Pacific Oil and Gas Ltd., is finalizing its engineering, procurement and construction contract, which company president David Keane expects to sign “at the end of the summer or shortly thereafter” before construction begins on the LNG export facility in Squamish, British Columbia.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 23, 10:25:00
U.S. WANT VIETNAM OIL AND GAS
U.S. energy firms had interests in the South China Sea and Washington was “committed to bolstering the energy security of our partners and allies in the Indo-Pacific region and in ensuring uninterrupted regional oil and gas production for the global market.”U.S. warships have conducted periodic “freedom of navigation” operations in the South China Sea to challenge China’s claim to nearly all of the strategic waterway.
VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN
2019, August, 21, 12:35:00
OIL PRICE: ABOVE $60
Brent had gained 26 cents, or 0.43%, to $60.29 a barrel, WTI was up 3 cents, or 0.05%, at $56.16 a barrel.
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