ConocoPhillips gets $345 million in cash and commodities from Venezuela’s PDVSA
HOUSTON - U.S. oil producer ConocoPhillips on Thursday said it received $345 million in cash and commodities last quarter from Venezuelan state oil firm PDVSA under a settlement that came after Conoco seized some More...
KTK is going through some tough times
WILLEMSTAD - Towing company KTK needs financing to survive. Due to the lack of tankers and other shipping, many tugs are not operating in the harbor. The number of vessels dropped by 30 percent in the past three More...
Transshipment Bullen Bay in danger because of conflict PDVSA and ConocoPhillips
WILLEMSTAD - According to reliable sources, Curaçao is the victim of the conflict between Venezuela and ConocoPhillips. Since the seizure of the Americans, crude oil from Venezuela goes directly to China and not More...
Conoco waiting for Venezuela to pay US$2 billion settlement: CEO
U.S. oil producer ConocoPhillips is still awaiting payment from Venezuela on a US$2 billion arbitration settlement reached last month with the South American nation, Chief Executive Ryan Lance said on Wednesday. HOUSTON More...
Update: International corporations against Venezuelan PDVSA
HOUSTON, CARACAS - US oil giant ConocoPhillips "seized" Venezuela's export infrastructure in the Dutch Caribbean for compensation. Canadian gold company meanwhile resorts to Venezuela's refineries in the US. As More...
Refinery at minimum as it continues partner hunt
WILLEMSTAD - Isla refinery continues operating at a minimum level as it waits for the resolution of a legal dispute between Venezuela’s state-run PDVSA and ConocoPhillips to restore crude supplies to the plant, More...
PDVSA to resume use of St Eustatius oil terminal after payment deal with NuStar
HOUSTON - Venezuela’s state-run PDVSA and NuStar Energy LP have reached a payment agreement over outstanding storage fees at Statia terminal in the Caribbean island of St Eustatius, the U.S. oil company said on More...
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...
ConocoPhillips announces $2B settlement with Venezuela’s PDVSA
HOUSTON, CARACAS - ConocoPhillips said it reached a settlement with Venezuela's PDVSA state-owned oil company to recover ~$2B, the full amount awarded by an arbritral tribunal convened under the rules of the More...
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...
