All about Seizure

P1110151
By Edition On Thursday, November 29th, 2018
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Court-ordered sale of PdV oil cargo on hold

WILLEMSTAD - The court-ordered auction of a Venezuelan crude cargo in Curaçao has been postponed on a petition filed by the original purchaser, Thai bitumen trader Tipco, according to sources on the island. The More...

Bullenbaai
By Edition On Wednesday, November 28th, 2018
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Curaçao court orders tanker seizure

WILLEMSTAD - The Court of Justice in Curaçao has ordered the confiscation of a Suezmax carrying 380,225 barrels of Boscan crude to pay a PDVSA debt on behalf of creditor Energy Coal, according to sources in Caracas. The More...

PDVSA
By Edition On Monday, August 20th, 2018
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Curaçao relieved: seizure of Venezuelan state oil company lifted

WILLEMSTAD - Curaçao is relieved by the fact that the American oil company ConocoPhillips has lifted all the seizures at the refinery operated by the Venezuelan state-owned oil company PDVSA on the island. The More...

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...