All about Seizure

PDVSA
By Edition On Thursday, August 9th, 2018
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Venezuela dodges oil asset seizures with export transfers at sea

CARACAS, WILLEMSTAD - Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring More...

ConocoPhilips-Offices
By Edition On Monday, May 21st, 2018
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ConocoPhillips statement on ruling court

WILLEMSTAD, HOUSTON - The Courts in Curacao and Bonaire partially lifted the attachments only to the extent necessary to supply fuel to Curoil, the local oil company that supplies products to the public utilities.  More...

ConocoPhilips-Offices
By Edition On Thursday, May 17th, 2018
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ConocoPhillips in court: ‘We want to help think about a solution for Curaçao’

WILLEMSTAD - In the lawsuit of the Curaçao government, the refinery owner RdK, utilities and fuel supplier Curoil against PdVSA, refinery operator Isla and especially ConocoPhillips, the latter claims that they More...

oil refinery
By Edition On Thursday, May 17th, 2018
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ConocoPhillips ‘not close’ to recouping 2 billion dollars from PDVSA

HOUSTON, WILLEMSTAD - U.S. oil producer ConocoPhillips is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA, Conoco's chief executive said this week. Conoco More...

ConocoPhilips-Offices
By Edition On Wednesday, May 16th, 2018
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ConocoPhillips’ seizure of PDVSA assets: Can Curacao invoke the ‘state of necessity’ exception?

The attachment  It goes without saying that the seizure of assets belonging to PDVSA by ConocoPhillips on the Dutch Caribbean islands of Aruba, Bonaire, Curacao and St Eustatius can have dramatic consequences, More...

Citgo
By Edition On Tuesday, May 15th, 2018
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NoticiaCla: ‘ConocoPhillips successfully seizes two oil shipments in Aruba’

ORANJESTAD - According to the Aruban news site NoticiaCla, ConocoPhillips successfully seized two supposedly PDVSA oil shipments in Aruba Monday night. This was confirmed by the Minister  of Energy Evelyn Wever. This More...

government Curacao
By Edition On Monday, May 14th, 2018
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Curaçao is looking for third party to operate the refinery

WILLEMSTAD - In a recent press conference, the government of Curaçao indicated that it is looking for a third party to operate the oil refinery. This way the government hopes to prevent a major crisis since the More...

Court house
By Edition On Monday, May 14th, 2018
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Court of Justice rules in favor of ConocoPhillips seizing Venezuelan oil assets

WILLEMSTAD - The Court of Justice in Curaçao has authorized the local subsidiary of U.S. oil giant ConocoPhillips to seize $636 million worth of assets held on the island by Venezuela’s state oil company, PDVSA. The More...

oil refinery
By Edition On Monday, May 14th, 2018
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Curaçao pressing PdVSA to pay debt, restart refinery

WILLEMSTAD - Curaçao is scrambling to persuade Venezuela’s state-owned PDVSASA to settle a 2 billion dollar arbitration dispute with US independent ConocoPhillips to restart the Isla refinery that has been halted More...

Bullenbaai
By Edition On Friday, May 11th, 2018
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Bailiff wants to know how much is in the tanks at Bullen Bay

WILLEMSTAD - The bailiff went to Bullen Bay yesterday for a stock update. He wanted to know how much fuel was stored in the tanks because of the claim from ConocoPhillips. The Americans demand 2 billion dollars More...