Thursday, September 24th, 2020
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Tag Archives: Venezuela

Oil Storage Tanker Threatening To Sink Off Venezuela

Oil tanker

PortandTerminal.com, September 1, 2020 A Floating Storage and Offloading (FSO) tanker off the coast of Venezuela is taking on water and threatening to sink, according to Eudis Girot, the head of the Unitary Federation of Petroleum Workers of Venezuela (FUTPV). In a social media post Sunday, Girot warned that the FSO Nabarima has about 1.3 million barrels of crude oil on board. She …

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Venezuela tightens grip on fuel stations after subsidy reform

cars. fence. darkness

REUTERS, JUNE 28, 2020 CARACAS – Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies and as widespread shortages take hold, a notification PDVSA sent to the operators showed. PDVSA has a monopoly over the wholesale fuel distribution market and owns almost …

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Chevron Oil Cargo Tangled in U.S. Sanctions on Venezuela

Chevron outdoor sign

REUTERS, JUNE 5, 2020 HOUSTON — A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday. Adamant Maritime Ltd, owner of very large crude-oil carrier (VLCC) Seahero was sanctioned by the U.S. Department of Treasury on Tuesday for carrying a Venezuelan cargo …

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Iranian fuel starts arriving in Venezuelan waters despite U.S. warning. VIDEO

Screen grab from helicopter showing oil tanker at sea

REUTERS, MAY 24, 2020 CARACAS – The first of five Iranian tankers carrying fuel for gasoline-starved Venezuela entered the South American country’s exclusive economic zone on Saturday, despite a U.S. official’s warning that Washington was considering a response to the shipment. The tanker, named Fortune, reached the country’s waters at around 7:40 p.m. local time (1140 GMT) after passing north …

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Hit & Run Cruise Ship Update: Venezuelan Navy fired shots at cruise ship!

Venezuelan Navy Patrol Ship ANBV NAIGUATA (GCG-23)

PortandTerminal.com, April 2, 2020 The story about the cruise ship that rammed and sank the Venezuelan Navy vessel gets even more interesting. There are now claims that it was the Venezuelan Navy that fired warning shots at the cruise ship and rammed it. What’s going on here? CURACAO, VENEZUELA – There are now reports that the Venezuelan Navy ship Naiguata …

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Planeloads of cash from Russia have been shipped to Venezuela to sanctions

PortandTerminal.com, November 3, 2019 Venezuela kept afloat thanks to $315 million in cash sent from Russia, customs records suggest MOSCOW, RUSSIA – Bloomberg is reporting that Russia shipped hundreds of millions of dollars to Venezuela to help the beleaguered government of Nicolas Maduro evade US sanctions. Venezuelan President Nicolas Maduro: A little punch-drunk but still ready for a fight A …

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Is Venezuela still a mess? Yes. Here’s what’s going on with its oil industry now

PortandTerminal.com, October 15, 2019 Venezuela can’t sell its oil and storage tanks are full — so it’s giving it away to Cuba PortandTerminal.com, October 15, 2019 MIAMI, FL – With the recent oil market gyrations happening in the Middle East lately Venezuela has fallen out of the day to day spotlights of “countries in a deep mess”. Is Venezuela still …

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U.S. Sanctions Hit Global Oil Fleet as Traders Shun Nearly 300 Tankers

October 11, 2019 by Reuters By Marianna Parraga and Roslan Khasawneh MEXICO CITY/SINGAPORE, Oct 11 (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said. The move has taken roughly 3% of the global oil tanker fleet out of the market, …

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Chevron allowed to keep drilling in Venezuela for another 3 months

PortandTerminal.com, July 28, 2019 President Trump has renewed Chevron’s license to drill for oil in the embattled South American country for at least 3 more months. WASHINGTON – The Trump administration said on Friday that it has renewed Chevron Corp’s licence to drill for oil and gas in Venezuela despite sanctions, signalling that it sees value in having the US oil producer …

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Trump’s Cuba ban on cruise lines creating chaos for travellers

PortandTerminal.com, June 6, 2019 Cruise companies scrambled Tuesday, June 5, to reroute their Cuba-bound ships after learning they were no longer allowed to sail to the Caribbean island with less than 24 hours notice from the Trump administration The Trump administration’s new restrictions on travel to Cuba will hit hardest at the cruise industry, taking away a new and increasingly …

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