Venezuelan opposition calls on US to cancel oil company licenses

MEXICO CITY (AP) — Venezuela''s main opposition coalition on Monday called on the U.S. to cancel the licenses that allow Chevron and other energy companies to operate in the South American country to pressure President Nicolás Maduro to negotiate a transition from power.. The appeal came from an adviser to the campaign of Edmundo González Urrutia, who

A Tale of Setbacks as Venezuela''s Citgo Heads to U.S.

The auction could start a new chapter for the 113-year-old company, which has been owned by Venezuela for almost 40 years. An unknown is whether Biden administration''s decision last week to ease energy sanctions

In Venezuela''s Election, Energy and Climate Policies Are Also at

According to the International Energy Agency (IEA), Venezuela is the world''s fifth-largest emitter of oil and gas-related methane, Venezuela''s lack of action on climate and the environment is a huge opportunity cost that will only compound in time without political change. This is also at stake on July 28.

Venezuela Energy Information

Venezuela Total Energy Consumption. Energy consumption per capita (1.3toe, including 2 400 kWh of electricity in 2023) is relatively high compared to the level of income per capita. Primary energy consumption has rebounded by 10%/year since 2023 to 37 Mtoe, after a decrease at an average rate of 12%/year between 2013 and 2020.

PDVSA

PDVSA Gas, Isla de Margarita As of 2003, Venezuela had 77.5 billion barrels (1.232 × 10 10 m 3) of conventional oil reserves according to PDVSA figures, the largest in the Western Hemisphere and making up approximately half the total. This puts Venezuela as fifth in the world in proven reserves of conventional oil.

LNG Energy Inks Productive Participation Contracts in Venezuela

(LNG Energy Group, 24.Apr.2024) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) announced that its wholly-owned subsidiary, LNGEG Growth I Corp. (LNG Venezuela), entered into a binding agreement with PDVSA Petroleo S.A. (PPSA), a subsidiary of Petroleos de Venezuela S.A. (PDVSA), the Venezuelan national oil

A tale of setbacks as Venezuela''s Citgo heads to US auction

For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela''s foreign crown jewel for billions of dollars in claims. But on Monday, a

Renewable Energy 2024

Over the past 28 years, the average share of renewable energy consumption in Venezuela, expressed as a percentage of total final energy consumption, has been approximately 15%. The highest value recorded during this period was 16.64% in 2007. The renewable energy market in Venezuela is projected to grow at a compound annual growth rate of over

Venezuela Oil Company Must Face Lawsuit Over Sovereign''s Debts

Six more creditors have a chance to attach Petroleos de Venezuela SA''s shares in an American subsidiary after the Third Circuit found the company can be held liable for Venezuela''s debts Friday.. PDVSA remains Venezuela''s alter-ego under the law, Judge Paul B. Matey of the US Court of Appeals for the Third Circuit said, even after a rival government

Country Analysis Brief: Venezuela

and a deteriorating infrastructure.1 As such, Venezuela''s total energy production decreased by an annual average rate of 8.2% from 2011 to 2021. Petroleum and other sanctions on state oil company Petróleos de Venezuela SA (P DVSA) in January 2019. In November 2022, the U.S. Department of the Treasury''s Office of Foreign Assets Control

U.S. Says Oil Companies in Venezuela Can Still Operate

The Biden administration said Wednesday it would allow some American and European oil companies to carry on in Venezuela after U.S. efforts to coax President Nicolás Maduro into democratic

Duke Energy Carolinas Hit With Class Action Over May Breach (1)

12 小时之前· Duke Energy Carolinas LLC negligently failed to protect the personal information of thousands of people that was exposed in a May data breach, a proposed federal class action said.. Lead plaintiff Matthew Saunders alleged that Duke Energy breached its duties under common law, contract law, industry standards, and the Federal Trade Commission Act to

Our Company

Action Energy Company K.S.C.C. (AEC) is a subsidiary of Action Real Estate Company (that is ultimately owned by Action Group Holding Company) AEC offers drilling and oilfield services in Kuwait. Existing rigs portfolio consists of Eight (8) total rigs: two 3,000 HP, two 1,500 HP and six 750 HP rigs. The Company has equipment with total capacity

Venezuela In Action | Grupo Técnico Interdisciplinario para las

En Venezuela in Action, tenemos tolerancia cero a agresiones, malos tratos, abusos y en general todos aquellos actos que atenten contra los derechos de las personas, es por ello que de acuerdo a nuestro código de conducta y nuestras políticas, la organización tiene como objetivo un ambiente de trabajo seguro dentro de un marco se salvaguarda ante este

Creole Petroleum Corporation

The Creole Petroleum Corporation was an American oil company. It was formed in 1920 to produce fields on Lake Maracaibo, Venezuela. [1] The company was acquired by Standard Oil of New Jersey in 1928. Until 1951 Creole Petroleum was the world''s number one oil producer. [2] In 1950, Creole opened its refinery at Amuay bay. [3]

Energy policy of Venezuela

The leading oil company is Petróleos de Venezuela S.A. (PDVSA), which according to Venezuelan authorities produces 3.3 million barrels per day (520,000 m 3 /d). [1] However, oil industry analysts and the U.S. Energy Information Administration believe it to be only 2.8-2.9 million barrels per day (460,000 m 3 /d).

LNG Energy Group Announces Signing of Hydrocarbon Productive

Highlights: LNG Energy Group has been conditionally awarded two Productive Participation Contracts ("CPPs") to develop and produce hydrocarbons in Venezuela.The contracts cover five onshore

Electricity sector in Venezuela

OverviewElectricity productionHistoryOrganizationsSee alsoWeblinks

The electricity sector in Venezuela is heavily dependent on hydroelectricity, which accounted for 64% of the nation''s electricity generation in 2021. Besides hydroelectric power, Venezuela also relies on natural gas and petroleum, contributing 25% and 11%, respectively, to the total electricity output that year. The country operates six hydroelectric plants, totaling a capacity of 16,010 megawatts (MW), with the Central Hidroeléctrica Guri in Orinoco being the most significant, acco

Canada''s LNG Energy Signs Venezuela Oil Contract

Canada''s LNG Energy Signs Venezuela Oil Contract 25 Apr 2024 The company''s statement said the deal to develop and produce oil and gas in Venezuela was closed on April 17 and involves two onshore areas with a current output of 3,000 barrels per day. will "assess in the coming days the applicability" of the sanctions and

OFAC announces sanctions against Venezuela''s

On January 25, 2019, the U.S. Treasury Department''s Office of Foreign Assets Control (OFAC) announced sanctions against Venezuela''s state-owned oil and energy company Petroleos de Venezuela, commonly referred to as PDVSA.

Maurel & Prom signs pact to expand Venezuela oil, gas

Venezuelan state oil firm PDVSA and French energy company Maurel & Prom have signed an agreement aimed at expanding operations and increasing crude and gas output at their joint venture in

Oil, sanctions, blackouts: Venezuela''s energy transition

The challenges Venezuela has faced since 2010 have, however, brought dramatic changes in its energy sector: data from energy think-tank Ember shows that overall electricity production has decreased by around