Tag: ConocoPhillips

PDVSA Retrenches in Caribbean as ConocoPhillips Seizures Weigh On Its Operations

[ad name=”HTML-68″] [wpedon id=”23995″ align=”left”] WILLEMSTAD — Venezuela’s Petróleos de Venezuela, S.A. (PDVSA) will let the 335,000 barrel-per-day refinery it leases in Curacao halt operations once crude inventories are exhausted as no new shipments are planned to the Caribbean following ConocoPhillips’s legal actions, according to two sources. PDVSA is also changing its trade arrangements to […]

OIL INDUSTRY NEWS: Conoco Moves to Take Over Venezuelan PDVSA’s Caribbean Assets

[ad name=”HTML-68″] [wpedon id=”23995″ align=”left”] CARACAS — U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands […]