Venezuela
- Tankers
Half the oil taken off stricken Venezuelan FSO
Venezuelan state oil company PDVSA has completed the transfer of half of the crude from the floating storage tanker, after…
Read More » - Offshore
PDVSA deploys aframax to unload oil from stricken FSO
Venezuelan national oil company PDVSA has deployed an aframax tanker to participate in the unloading operations of the floating storage…
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Listing Venezuelan FSO sparks severe ecological concern
The FSO , which is anchored in the Gulf of Paria near Venezuela and Trinidad and Tobago, has tilted severely,…
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Authorities plan to take oil off damaged Venezuelan FSO
Authorities from both Trinidad and Tobago and Venezuela are planning to transfer the oil cargo the damaged Venezuelan to another…
Read More » - Offshore
Water ingress reported on Venezuelan FSO
Water ingress has been reported on an ageing FSO off Venezuela which is carrying 173,000 tons of oil onboard. Eudis…
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US blacklists four Greek tankers for involvement in oil trade with Venezuela
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has blacklisted four single vessel companies for alleged…
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One in five VLCCs hit by sanctions
One in five VLCCs in operation today face restrictions from US sanctions, according to data from Braemar ACM. Research carried…
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Lines slap war risk surcharges on Venezuela shipments
Shippers must brace for more expensive calls to crisis-hit Venezuela. MSC, the world’s second largest liner, yesterday told clients it…
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Bahri clarifies position on Venezuela-bound tanker
One of the Middle East’s largest shipping lines, National Shipping Company of Saudi Arabia (Bahri), yesterday clarified that its tanker…
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Sanctions on Venezuela create tanker snarl-up
Reuters is reporting that sanctions on Venezuela are creating a sizeable tanker traffic jam off the US Gulf coast. More…
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Tanker unloads crude by STS transfer after month’s delay over PDVSA-Conoco dispute
A crude oil tanker that spent a month in a holding pattern waiting to deliver to Venezuela’s state oil firm…
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Venezuela considers using foreign crude oil at its refineries
Venezuela is contemplating using foreign crude oil to produce fuel for the first time, according to Reuters. The country sits…
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PDVSA looks to ship-to-ship transfer to ease logjam at its terminals
Venezuela’s state-run oil company PDVSA has completed its first ship-to-ship (STS) fuel transfer and it may provide a chance for…
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Venezuela fixes shipping service fees in euros and its virtual currency Petro
Venezuela has fixed the price of shipping fees for services rendered to international vessels in euros or the virtual currency…
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ConocoPhillips seeks control of PDVSA offshore oil assets as it pursues arbitration award
Houston-based multinational energy corporation ConocoPhillips is asking a court in the Dutch Antilles to give it control of offshore facilities…
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Venezuela requiring foreign ships to pay for services in crypto currency
Foreign ships in Venezuela will have to use the recently created cryptocurrency, Petro, to pay for services while in the…
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PDVSA losing workers in droves as economic woes take toll
Venezuela’s state oil firm Petroleos de Venezuela SA (PDVSA) is losing workers at a rate of knots with around 10,000…
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PDVSA risks losing licence to operate oil storage facility on Caribbean island
Venezuela’s troubled state oil firm PDVSA could lose its licence to operate an oil storage terminal on the Dutch Caribbean…
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Venezuela’s PDVSA has begun making overdue interest payments on bonds
Venezuela’s cash-strapped state oil firm PDVSA says it has begun the process of paying overdue interest payments on four of…
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PDVSA settles lawsuit with Sinopec subsidiary in US court
Venezuela’s troubled state oil firm PDVSA has settled a lawsuit against it by China’s state oil firm Sinopec, according to…
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