All about PDVSA

Oil Refinery
By Edition On Monday, December 24th, 2018

Refinery’s new operator faces major challenges

WILLEMSTAD - Curacao recently selected Saudi Aramco's US refining subsidiary Motiva Enterprises as the preferred bidder to manage and operate the Isla refinery after PdV's long-term lease expires, with a possible More...

By Edition On Wednesday, December 19th, 2018

Venezuela creditors demand payment on defaulted $1.5 billion bond – lawyer

CARACAS - A group of creditors has demanded payment on a $1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked More...

By Edition On Wednesday, December 19th, 2018

PDVSA seeks to restart refinery before the end of its lease

WILLEMSTAD - Petróleos de Venezuela SA is trying to restart the refiner and operate it for a final year before the lease expires and is transferred to another operator, probably to Motiva Enterprises LLC, owned More...

Oil Refinery
By Edition On Tuesday, December 18th, 2018

CRU operational again before the holidays

WILLEMSTAD – In a press release, the Curaçao Refinery Utilities, better known as CRU, announced that it will be operational again for the holidays and can again supply utilities to the Isla refinery. Work on More...

By Edition On Sunday, December 16th, 2018

Motiva Enterprises preliminary picked to run Curacao refinery

WILLEMSTAD, HOUSTON - Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA. The refinery has More...

Oil refinery
By Edition On Thursday, December 6th, 2018

Curaçao selects US company to restart refinery

WILLEMSTAD - Curaçao has selected a US company as the preferred bidder for a long-term contract to run its oil refinery, stepping in before Venezuelan state-owned PdV's lease expires in December 2019. RdK, the More...

Refineria di Korsou
By Edition On Tuesday, December 4th, 2018

RdK selects preferred bidder for long term lease oil refinery

WILLEMSTAD - In a press release, the Refineria di Kòrsou, Curaçao Refinery (RdK) indicated it has selected a preferred bidder, a preferred candidate, to further negotiate for the acquisition and modernization More...

By Edition On Thursday, November 29th, 2018

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...

By Edition On Wednesday, November 28th, 2018

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...

Igor Sechin
By Edition On Monday, November 26th, 2018

Rosneft chief rebukes Venezuela oil shipments

WASHINGTON, MEXICO CITY - The head of Russian oil company Rosneft, Igor Sechin, flew to Caracas last week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, More...