PDVSA Petróleos de Venezuela SA

Type: Company
Name: PDVSA Petróleos de Venezuela SA (Petróleos de Venezuela S.A)
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Venezuela Oil Price Falls to New 3 Year Low

CARACAS -- Venezuela's weekly oil basket fell to a 3 year low this week.According to figures released by the Venezuela Ministry of Energy and Petroleum, the average price of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) during the week ... [Published Latin American Herald Tribune - 20 hours ago]
First reported Sep 20 2014 - Updated Sep 20 2014 - 1 reports

Vietnam-Venezuela: 25 Years of Sustainable Development

Vietnam and Venezuela officially established diplomatic ties in December 1989. However, the people of the two countries have understood and supported each other for a lot longer.During the resistance war against the US for national freedom, the Venezuelan ... [Published VietNamNet Bridge - Sep 20 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

Potential Buyers for PDVSA USGC Refineries Could Change Crude Slates

PDVSA is allegedly exiting the Gulf Coast refining market with a potential sale of its U.S. downstream unit, Citgo, and its part ownership in the Chalmette, LA refinery. It's a move that could result in a change of crude slate strategy at three Gulf Coast ... [Published Noodls - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

Citgo's value estimated at USD 7-9 billion

Venezuelan state-run oil corporation Pdvsa has planned the sale of its refineries based in the United States, and ponders different offers. Barclays Capital said US investors have expressed their interest in the assets of the oil company.Investment banks ... [Published El Universal Venezuela - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

US crude has made it lucrative to produce gasoline

VENEZUELA: The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest “zombie refinery” to come back to life, revived by the US shale boom.Hess Corp and Venezuela’s state-run Petroleos de Venezuela (PDVSA) have found ... [Published The Gulf Today - Sep 19 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

PDVSA wraps major maintenance at Puerto La Cruz refinery

Petroleos de Venezuela SA (PDVSA) has completed major maintenance on the atmospheric distillation unit at its 190,000-b/d Puerto La Cruz refinery in eastern Venezuela, the state-owned company said.Maintenance work on atmospheric distillation Unit No. ... [Published Oil and Gas Journal - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 18 2014 - 2 reports

ANALYSIS-'Zombie' Hovensa refinery could live again due to shale

Sept 18 (Reuters) - The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.Hess Corp and Venezuela's state-run Petroleos de Venezuela (PDVSA) ... [Published CNBC - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Latin American Herald Tribune - Venezuela Sale of CITGO Causes PDVSA Default Insurance to Increase

NEW YORK -- Five-year bond insurance contracts known as credit default swaps (CDS) on Venezuela's state oil company Petroleos de Venezuela S.A. (PDVSA) widened 16% over the past week, according to international ratings agency Fitch.PDVSA CDSs widened ... [Published DailyMe.Com - Sep 18 2014]
First reported Sep 16 2014 - Updated Sep 17 2014 - 4 reports

Offer for sale of Citgo boosts Pdvsa's credit default swap

The prices of the Credit Default Swaps (CDS), an instrument used as insurance against non-payment, surged amid concerns over state-run oil company Petróleos de Venezuela's (Pdvsa) likely default.The sellers of Pdvsa's CDSs have agreed to pay investors ... [Published El Universal Venezuela - Sep 17 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 3 reports

Maersk sells Venezuela offshore drilling subsidiary

Offshore staffCOPENHAGEN, Denmark – Maersk Drilling is selling its drilling barge business in Venezuela to Panama-based investment company Barrystar Holding.Maritime Contractors Venezuela S.A. (MCVSA) assets comprise ownership and operation of 10 cantilevered ... [Published Offshore oil and gas - Sep 17 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Venezuela's PDVSA to bring 350MW thermo online in 2015

Venezuela's 350MW Juan Manuel Valdez combined cycle plant is 30% complete and expected to come online in 2015.With the recent arrival of two Siemens turbines, the plant will soon reach 70% completion, the government said in a statement.State oil firm ... [Published Business News Americas - Sep 15 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Pdvsa: Rise and fall

, the Venezuelan oil industry woke up nationalized. We became the absolute owners of the oil held in our subsoil, (obsolete) refineries, pipelines, wells, buildings, facilities and general assets.Our oil reserves were estimated to last 19 years. State-run ... [Published El Universal Venezuela - Sep 15 2014]

Quotes

"Prices of crude ended the week lower, affected mainly by weak forecasts world oil demand, ample supply and strengthening dollar against other currencies" the Venezuela Ministry stated
"CRCL is committed to restoring a sustainable, coastal Louisiana and partnering with action-oriented organizations like CITGO, is one way we achieve that goal" said Kimberly Davis Reyher , Executive Director for the Coalition to Restore Coastal Louisiana
In one scenario, the new owners could invest in heavy crude-by-rail unloading equipment to receive crude from Western Canada on rail. "If the buyer were interested in more heavy crude-by-rail into those refineries, it would definitely have to make investments along those lines, probably funded through a midstream MLP" Cowen and Company analyst Sam Margolin said
The prospects are rather discouraging. Thomson Reuters' consulting firm GFMS published a study forecasting that "gold prices would hit rock bottom, ranging between USD 1,170 and USD 1,200 next year, as the US economy recovers and investors are less worried about inflationary pressures."

More Content

All (439) | News (308) | Reports (0) | Blogs (116) | Audio/Video (0) | Fact Sheets (10) | Press Releases (4)
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Venezuela Oil Price Falls to New 3 Year Low [Published Latin American Herald Tribune - 20 hours ago]
CITGO Commemorates Ninth Anniversary Of Hurrica... [Published Indianapolis Business Journal - 21 hours ago]
Vietnam-Venezuela: 25 Years of Sustainable Deve... [Published VietNamNet Bridge - Sep 20 2014]
Potential Buyers for PDVSA USGC Refineries Coul... [Published Noodls - Sep 19 2014]
Citgo's value estimated at USD 7-9 billion [Published El Universal Venezuela - Sep 19 2014]
Decline in gold prices compromises Venezuela's ... [Published El Universal Venezuela - Sep 19 2014]
Broadus Oil And Miss Illinois Give Back To Loca... [Published Vision Monday - Sep 19 2014]
Maersk sells drilling barge activities in Venez... [Published Offshore Technology - Sep 19 2014]
Broadus Oil And Miss Illinois Give Back to Loca... [Published theCSRfeed - Sep 19 2014]
US crude has made it lucrative to produce gasoline [Published The Gulf Today - Sep 19 2014]
Prospective buyer seeks to resume refining at H... [Published BIC Magazine - Sep 18 2014]
Hess, Pdvsa find potential buyer for refinery i... [Published El Universal Venezuela - Sep 18 2014]
Atlantic drilling could bring $60B to East Coas... [Published BIC Magazine - Sep 18 2014]
CITGO, Simon Bolivar Foundation Announce Contin... [Published TickerTech.com - Sep 18 2014]
PDVSA wraps major maintenance at Puerto La Cruz... [Published Oil and Gas Journal - Sep 18 2014]
ANALYSIS-'Zombie' Hovensa refinery could live a... [Published CNBC - Sep 18 2014]
Latin American Herald Tribune - Venezuela Sale ... [Published DailyMe.Com - Sep 18 2014]
Venezuelan bonds fall after credit-rating downg... [Published El Universal Venezuela - Sep 17 2014]
UPDATE 2-Hess, PDVSA receive offer for Virgin I... [Published Reuters - Sep 17 2014]
Saved by a hair [Published El Universal Venezuela - Sep 17 2014]
The question is whether Venezuela should default [Published BDlive - Sep 17 2014]
Offer for sale of Citgo boosts Pdvsa's credit d... [Published El Universal Venezuela - Sep 17 2014]
Maersk sells Venezuela offshore drilling subsid... [Published Offshore oil and gas - Sep 17 2014]
UPDATE 1-Venezuelan bonds slump on ratings cut,... [Published CNBC - Sep 17 2014]
UPDATE: Hovensa Finally Finds Buyer for Refiner... [Published TankTerminals.com - Sep 17 2014]
U.S. Steel Canada Files For Bankruptcy [Published Huffington Post Canada - Sep 17 2014]
Criminal Threats to Mexicos Energy Revolution [Published IISS - Sep 17 2014]
Maersk Drilling Divests from Venezuela [Published GCaptain - Sep 17 2014]
S&P Cuts Venezuela to CCC+ [Published Latin American Herald Tribune - Sep 17 2014]
Two CITGO Terminals in Ohio Sponsor Sporting Cl... [Published theCSRfeed - Sep 17 2014]
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Blogs

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Broadus Oil And Miss Illinois Give Back to Loca... [Published theCSRfeed - Sep 19 2014]
Local CITGO Marketer Celebrates Loyal Customers with Rewards SOURCE: CITGO Petroleum Corporation DESCRIPTION: Sept. 19, 2014 /3BL Media/ - On Aug. 22 and 23, local CITGO Marketer Broadus Oil Corporation celebrated its loyal patrons with Customer ...
Two CITGO Terminals in Ohio Sponsor Sporting Cl... [Published theCSRfeed - Sep 17 2014]
Inaugural Event Raises More Than $15,200 to Support the Muscular Dystrophy Association SOURCE: CITGO Petroleum Corporation DESCRIPTION: DELAWARE, Ohio,  September 17, 2014 /3BL Media/– On Aug. 20, CITGO Petroleum Corporation employees from the CITGO ...
Beyond Venezuela’s Default Debate [Published Brookings Up Front - Sep 16 2014]
Venezuela’s deep economic crisis is now drawing greater international attention with the prospect that the Maduro administration might default on Venezuela’s international debt. Approximately $5.2 billion in payments are due to international creditors ...
Fitch: CITGO Sale Precipitates PDVSA CDS Curve ... [Published Business Wire Professional Services News - Sep 16 2014]
NEW YORK--(BUSINESS WIRE)--Five-year credit default swaps on Petroleos de Venezuela S.A. (PDVSA) widened 16% over the past week, according to Fitch Solutions. PDVSA CDSs widened 31% during the past month, significantly underperforming Fitch Ratings' Global ...
WNU #1233: Who’s Behind the Bombings in Chile? [Published Weekly News Update on the Americas - Sep 16 2014]
Issue #1233, September 14, 2014 1. Chile: Who’s Behind the Bombing Spree? 2. Guatemala: Bishop's Killer Runs Prison Ring 3. Peru: Guards Union Leader Brutally Beaten 4. Haiti: UN Mission Reduced; Opposition Grows 5. Links to alternative sources on: ...
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Press Releases

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Fitch: CITGO Sale Precipitates PDVSA CDS Curve ... [Published Fitch Ratings Headlines Corporate - Sep 16 2014]
Fitch Expects to Rate Petroleos de Venezuela, S... [Published Fitch Ratings Headlines Corporate - May 19 2014]
Fitch Solutions: Tighter PDVSA CDS Mirrors Vene... [Published Fitch Ratings Headlines Corporate - May 02 2014]
Fitch Downgrades PDVSA's IDRs to 'B'; Outlook N... [Published Fitch Ratings Headlines Corporate - Mar 25 2014]
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