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Paolo Scaroni meets Rafael Ramírez
The Minister of Petroleum and Mines of Venezuela, Rafael Ramírez, and Eni’s CEO Paolo Scaroni, met today in Caracas to discuss joint activities and projects in the country.

date.png24 Dec 2012 08:17 | comments.png 0 Comments | tags.png eni s-america upstream venezuela [ More ]

Rosneft President Igor Sechin Takes Part in First Oil Ceremony at Junin-6 Block in Venezuela
Igor Sechin, President and Chairman of the Management Board at Rosneft, took part in a ceremony celebrating first oil produced at the Junin-6 block as part of his visit to Venezuela. The block is currently under development by Venezuela’s PDVSA and Russia’s National Oil Consortium, which comprises Rosneft, Gazprom Neft, Lukoil, TNK-BP and Surgutneftegaz.

date.png29 Sep 2012 07:56 | comments.png 0 Comments | tags.png rosneft s-america upstream venezuela [ More ]

Oil Production Starts at the Junin-6 Block in Venezuela
The first oil production has started at the Junin-6 block in the Orinoco River basin in Venezuela. The giant Junin-6 oil field, which has geological reserves of over 50 billion barrels of oil, will be developed on a parity basis by a consortium of five major Russian oil companies: Gazprom Neft, LUKOIL, Rosneft, Surgutneftegaz and TNK-BP through OOO National Oil Consortium (NOC).

date.png28 Sep 2012 19:30 | comments.png 0 Comments | tags.png gazprom-neft lukoil rosneft s-america surgutneftegaz tnk-bp upstream venezuela [ More ]

Foster Wheeler Awarded Design Contract for New Refinery in Venezuela
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in consortium with Hyundai Engineering and Construction Co., Ltd. (HDEC), of South Korea, has been awarded a contract by Petróleos de Venezuela, S.A. (PDVSA) for Phase I (Hydroskimming section) of the new Batalla Santa Ines Refinery to be built in Barinas, Venezuela. Foster Wheeler's scope of work includes early detailed engineering design and the delivery of an open book estimate for the crude distillation unit, storage and blending unit and fuel distribution plant.

date.png20 Sep 2012 18:51 | comments.png 0 Comments | tags.png engineering foster-wheeler pdvsa refinery s-america venezuela [ More ]

President Chávez decreed three days of national mourning after explosion in Amuay
The president of the Bolivarian Republic of Venezuela, Hugo Chavez, declared three days of national mourning for the deceased Venezuelan explosion in the early hours of Saturday Amuay refinery.

date.png25 Aug 2012 20:42 | comments.png 0 Comments | tags.png pdvsa refinery s-america top venezuela [ More ]

Exterran Sells Previously Nationalized Venezuelan Assets for Approximately $442 Million
Exterran Holdings, Inc. (NYSE: EXH) today announced that its Venezuelan subsidiary has completed the sale of assets nationalized in 2009 to PDVSA Gas, S.A. for total consideration of approximately $442 million. Exterran received an initial payment of approximately $177 million in cash at closing ($50 million of which will be used to repay insurance proceeds previously collected under the policy Exterran maintained for the risk of expropriation), and is due to receive the remaining principal amount of approximately $265 million in periodic cash payments through the third quarter 2016.

date.png08 Aug 2012 20:20 | comments.png 0 Comments | tags.png exterran s-america upstream venezuela [ More ]

Foster Wheeler Receives EPCm Award for El Palito Refinery Expansion in Venezuela
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by PDVSA Petróleo S.A. for the engineering, procurement services and construction management (EPCm) for the El Palito Refinery Expansion Project in Venezuela. Foster Wheeler will execute the project in consortium with Toyo Engineering Corporation from Japan and Y & V Ingeniería y Construcción from Venezuela.

date.png20 Jul 2012 13:56 | comments.png 0 Comments | tags.png engineering foster-wheeler pdvsa refinery s-america venezuela [ More ]

Award for Large Scale Refinery Modernization Project in Venezuela
Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi), being a leader of a consortium with Foster Wheeler AG (FW), and the Venezuelan engineering company Y&V Ingeniería y Construcción, C.A. (Y&V), has been awarded a contract for detailed engineering, procurement services and construction management for a refinery expansion project of the Venezuelan national petroleum company Petróleos de Venezuela, S.A. (PDVSA) at its El Palito Refinery in Carabobo State.

date.png19 Jul 2012 05:27 | comments.png 0 Comments | tags.png engineering refinery s-america top toyo venezuela [ More ]

TNK-BP / PDVSA JV In Venezuela Reaches Oil Production Target Of 130,000 Barrels Per Day
TNK-BP announces that PetroMonagas, a joint venture between TNK-BP (16.7%) and Venezuelan state company PDVSA (83.3%), has increased its production of viscous oil by 11% since the start of the year to the target level of 130,000 barrels per day.

date.png13 Jul 2012 06:07 | comments.png 0 Comments | tags.png pdvsa s-america tnk-bp upstream venezuela [ More ]

Launch of a new development phase of the Yucal Placer Gas Field in Venezuela
Total announces, together with its partners Repsol, Inepetrol and Otepi, having taken the final investment decision for a new development phase of the Yucal Placer gas field, operated by Ypergas*, and located in Guárico State, Venezuela.

date.png09 Jul 2012 19:25 | comments.png 0 Comments | tags.png repsol s-america total upstream venezuela [ More ]
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