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Top related persons:
PDVSA - 2 Marianna Parraga - 2 Issac Urrutia - 1 Mircely Guanipa - 1 Jonathan Oatis - 1 — - 1 Selene Estrach - 1 Estrach - 1
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Lake Maracaibo Venezuela Washington Venezuelan U.S Cabimas China China . State
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Search resuls for: "Lake Maracaibo"


7 mentions found


☆ Venezuela's oil exports remain almost unchanged, middlemen seek deals
  + stars: | 2023-12-01 | by ( Marianna Parraga | Thomson Reuters | Focused On Energy-Related Sanctions | ) www.reuters.com   time to read: +2 min
An oil pump jack is seen in an oil field near Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo Acquire Licensing RightsHOUSTON, Dec 1 (Reuters) - Venezuela's oil exports remained almost unchanged in November at 651,000 barrels per day (bpd) even as an easing of U.S. sanctions is now allowing sales to trading houses, according to shipping and tanker tracking data. Washington in October temporarily lifted oil sanctions on the country as a way to encourage a presidential election in 2024, which prompted spot sales of Venezuelan crude and fuel oil to traders mostly bound for China. The stagnant production has driven PDVSA to offer trading houses and intermediaries a large portion of its oil stocks for exports. Besides seeking spot cash oil sales, PDVSA also has ramped up fuel imports since October.
Persons: Issac Urrutia, PDVSA, Marianna Parraga, Mircely Guanipa, Jonathan Oatis Organizations: REUTERS, Rights, China ., Reuters, Analysts, Chevron, Spain's, Thomson Locations: Lake Maracaibo, Cabimas, Venezuela, Washington, China, China . State, India, Venezuelan, United States, U.S, Houston, Maracay
☆ Thousands of people are cutting off their hair and donating it to help soak up an oil spill in Venezuela that is so large it can be seen from space
  + stars: | 2023-10-21 | by ( Katie Hawkinson | ) www.businessinsider.com   time to read: +2 min
Thousands of people, and their dogs, have donated hair to help clean up Lake Maracaibo. Environmentalists will weave nets out of the hair to stop the oil slicks from spreading. Now, a young environmentalist is trying to change that — by asking volunteers to donate their hair to soak up the oil, The Washington Post reported. AdvertisementAdvertisementEstrach and her team will use the hair to weave nets — called booms — that can both stop oil slicks from spreading and soak up the oil itself. Estrach told the Post that two pounds of hair can soak up between 11 and 17 pounds of oil.
Persons: —, Selene Estrach, Estrach, Phillip McCrory, McCrory Organizations: Service, Washington Post, Proyecto Sirena, NASA, of Locations: Maracaibo, Venezuelan, Alabama, California
☆ Chevron readies new oil drilling push in Venezuela to boost output
  + stars: | 2023-09-25 | by ( Marianna Parraga | Thomson Reuters | Focused On Energy-Related Sanctions | ) www.reuters.com   time to read: +4 min
A woman walks in the Chevron office as the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. Current oil flows mark a 70%-increase from average output in 2022. But to go further requires large specialized drilling rigs that might be difficult to find in Venezuela, the people said. The California-based company's campaign calls for addition of at least two powerful drilling rigs. Other foreign oil companies in joint ventures with PDVSA also have begun early planning for possible drilling campaigns.
Persons: Gaby Oraa, Petropiar, PDVSA, Chevron, Marianna Parraga, Sabrina Valle, Matt Spetalnick, David Gregorio Our Organizations: Chevron, REUTERS, Companies, Chevron Corp, OPEC, Treasury, U.S . Office, Foreign Assets, U.S, PDVSA, Thomson Locations: Venezuela, Caracas, HOUSTON, Washington, The California, Lake Maracaibo, U.S
☆ Exclusive: Chevron aims to boost Venezuela oil output to accelerate debt recovery -sources
  + stars: | 2023-05-10 | by ( Marianna Parraga Deisy Buitrago | Marianna Parraga | Deisy Buitrago | ) www.reuters.com   time to read: +5 min
[1/2] Oil tanker Kerala, chartered by Chevron, is loaded in the Bajo Grande oil terminal at Maracaibo Lake, in the municipality of San Francisco, Venezuela, January 5, 2023. To back up its license application, Chevron last year signed an oil-for-debt swap with Venezuela's state-run PDVSA. The initial exports have rapidly drained the ventures' oil inventories, which had built up for years. Chevron plans to continue pushing up heavy crude output mainly at oilfields in eastern and western Venezuela belonging to its Petropiar and Petroboscan projects, according to the sources. GOLDEN TICKETChevron's license broke a four-year U.S. prohibition on Venezuelan oil exports to the United States designed to oust President Nicolas Maduro.
☆ Chevron-chartered tanker involved in collision with sanctioned vessel in Venezuela
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +2 min
Companies Chevron Corp FollowHOUSTON, March 20 (Reuters) - A Liberia-flagged oil tanker chartered by Chevron Corp (CVX.N) had a minor collision with another vessel, the Bueno, in Venezuelan waters on Sunday, according to sources and a shipping report seen by Reuters on Monday. Incidents involving vessels, oil spills, fires and power outages are very frequent in Venezuela as state-run PDVSA's aging oil infrastructure does not receive proper maintenance and needed repairs amid U.S. sanctions on the country. Both were told by the port captain to anchor in specific positions and await inspections, according to a PDVSA shipping report. Tanker Bueno has been working for PDVSA since last year, moving oil and fuel between domestic ports under a time-charter contract. As of Monday, the Kerala had moved away from the collision site while waiting for a loading window at the Bajo Grande terminal, according to Refinitiv Eikon vessel monitoring data.
☆ Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions
  + stars: | 2023-02-03 | by ( Patricia Garip | ) www.wsj.com   time to read: 1 min
Production has plummeted at Venezuelan state oil company PdVSA, which operates these facilities on Lake Maracaibo. Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator in Curaçao is seeking to buy Venezuelan crude oil. And officials on other islands have said they hope to restore Venezuelan fuel imports.
☆ Venezuela's oil partners head for the exit, forgoing unpaid debt
  + stars: | 2022-10-27 | by ( Mariela Nava Marianna Parraga Deisy Buitrago | Mariela Nava | Marianna Parraga | ) www.reuters.com   time to read: +6 min
[1/5] An oil pump jack is seen in an oil field near Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. "Among those remaining in the partnerships, few hope to ever recoup pending dividends or commercial debts from PDVSA." Since TotalEnergies and Equinor in 2021 exited one of Venezuela's flagship oil upgrading projects, Petrocedeno, smaller firms have followed. With companies and workers leaving almost en masse, the abandonment of oilfields is visible near Maracaibo Lake, among Venezuela's oldest producing region. Between 2019 and 2021, PDVSA delivered oil cargoes to partners to reduce outstanding debt.
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