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Wison wins Puerto la Cruz oil refinery in Venezuela
Wison Engineering Ltd. (“Wison Engineering”), China’s largest private sector chemical engineering, procurement and construction (EPC) service provider has been officially awarded an EPC contract today by PDVSA Petroleo, S.A. (PDVSA), Venezuela’s state-run oil company, at the Puerto la Cruz oil refinery.

date.png28 Jun 2012 05:34 | comments.png 0 Comments | tags.png engineering hyundai pdvsa refinery s-america venezuela wison [ More ]

Harvest Natural Resources Announces Share Purchase Agreement to Sell Interests in Venezuela
Harvest Natural Resources, Inc. (NYSE: HNR) (Harvest or the Company) today announced that its wholly-owned subsidiary, HNR Energia B.V., has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of the Company's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale are estimated to be approximately $525.0 million after deductions for transaction related costs and taxes.

date.png24 Jun 2012 15:28 | comments.png 0 Comments | tags.png harvest pertamina s-america upstream venezuela [ More ]

Japan provides new funding to Venezuela for a billion dollars for oil projects
Among the agreements reached at the Fourth Steering Committee for Energy Cooperation and Japan Venezuela highlights the financing for the expansion of the El Palito refinery for $ 800 million and 200 million loan dollars for the procurement of goods and oil services, resources will be provided by the Japan Bank for International Cooperation (JBIC, for short) and other Japanese companies.

The two countries renewed the memorandum of understanding to promote cooperation in oil and gas between JOGMEC companies, Marubeni and PDVSA, another for the use of coke Venezuelan electricity generation supported by Mitsubishi and one between Itachi, Marubeni and PDVSA to increase the recovery factor in mature fields, including the financing of JBIC.

"We want the economies of Japan and Venezuela are complementary," said People's Minister of Petroleum and Minerals and President of Petroleos de Venezuela, Rafael Ramirez, during his speech at the closing session of the Fourth Committee of Management of the energy cooperation relations between both countries.

Ramirez, who was accompanied by the holder of the office of Economy, Trade and Industry Japan, Yukio Edano, said that Venezuela provides " strategic importance to our relationship with Japan and that's why we look at the highest level. "

PDVSA president said Venezuela has the largest oil reserves in the world with 600 million 297 thousand barrels of oil certificates, natural wealth that gives the country an important role in the global economy.

Minister Ramírez said that the world faces a severe economic crisis, which results in increased competition for natural resources. Therefore stressed the importance of Venezuela, the largest oil province of the planet that has a reservoir of oil for the next 300 years.

He said that since the relaunch of bilateral ties with Tokyo boosted by Commander President Hugo Chavez, "the relationship between the two countries has reached an excellent level."

For his part, Minister of Economy, Trade and Industry of Japan, Yukio Edano, said that talks between both delegations were carried out dynamically: "For Japan, Venezuela is a very important partner, so we expect the exchanges will be further deepened. "

During the fourth meeting of the Steering Committee Venezuela and Japan continued the effort begun by Tokyo and Caracas in 2009, when the first efforts were to harness the potential of existing resources within the Venezuelan territory with the technological strength and financial capacity of the Japanese to realize joint projects in the hydrocarbons sector.

date.png25 Apr 2012 05:58 | comments.png 0 Comments | tags.png jbic refinery s-america venezuela [ More ]

Technip awarded a services contract for a new upgrader in Venezuela
Technip was awarded a lump sum contract for the basic, front-end engineering design and the first phase of project management consultancy services for the Petrocarabobo upgrader, to be built in the Faja del Orinoco region, Venezuela. The final Client is PETROCARABOBO S.A.

date.png02 Apr 2012 05:32 | comments.png 0 Comments | tags.png engineering pdvsa petronas refinery repsol s-america technip venezuela [ More ]

SNC-Lavalin announces it has signed a project management contract with Petroleos de Venezuela S.A. (PDVSA)
SNC-Lavalin (TSX: SNC) is pleased to announce it has signed a project management contract with Petroleos de Venezuela S.A. (PDVSA) for the Delta Caribe Oriental Project. The value of the contract is approximately $133 million CDN.

date.png21 Mar 2012 15:14 | comments.png 0 Comments | tags.png engineering pdvsa snc-lavalin venezuela [ More ]

Eni signs strategic agreement for the gas development of Perla super-giant field in Venezuela
The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael Ramírez, Eni's CEO, Paolo Scaroni, and Repsol's CEO, Antonio Brufau, signed today the Gas Sales Agreement (GSA) for the commercial development of the super-giant field Perla in Venezuela, one of the world's largest gas fields that has been discovered in recent years. The agreement, to be followed by the award of key contracts, marks the start of the development activities in the field.

date.png24 Dec 2011 13:39 | comments.png 0 Comments | tags.png eni pdvsa repsol upstream venezuela [ More ]

Rosneft Takes an Important Step in Expanding into the Strategic Market of Venezuela
Rosneft and PDVSA today signed a tentative memorandum of understanding to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project. Rosneft will hold a 40% stake in the planned joint venture with the remaining 60% to be owned by PDVSA subsidiary CVP.

date.png09 Dec 2011 08:57 | comments.png 0 Comments | tags.png pdvsa rosneft upstream venezuela [ More ]

JGC Wins Oil Refinery Expansion Project in Venezuela
JGC Corporation has been awarded a contract for the detail engineering, procurement support and construction management services associated with constructing heavy crude oil upgrading facilities in the Puerto La Cruz oil refinery by PDVSA Petroleo, S.A. (PDVSA), Venezeula's state-run oil company. JGC will undertake the project as leader of a consortium including Chiyoda Corporation and INELECTRA, a Venezuelan engineering company.

date.png06 Dec 2011 12:44 | comments.png 0 Comments | tags.png jgc pdvsa refinery s-america venezuela [ More ]

Award of PMC Contract for Large Scale Heavy Oil Upgrading Project in Venezuela
Toyo Engineering Corporation (TOYO, CEO Yutaka Yamada) in consortium with a Venezuelan engineering company Y&V Ingeniería y Construcción, C.A. (Y&V) has been awarded a PMC (Project Management Consultant) contract for a heavy oil upgrading project of the Venezuelan national petroleum company Petróleos de Venezuela, S.A. (PDVSA) at its Puerto La Cruz Refinery in the State of Anzoátegui.

date.png02 Dec 2011 09:00 | comments.png 0 Comments | tags.png engineering s-america toyo venezuela [ More ]

Gazprom and PDVSA sign Memorandum of Understanding to develop Robalo field in Venezuela
Today in Caracas (Venezuela) Gazprom and state-owned Petroleos de Venezuela S.A. (PDVSA) signed a Memorandum of Understanding in the presence of Igor Sechin, Deputy Prime Minister of the Russian Federation. The Memorandum stipulates possible creation of a joint venture to develop the Robalo gas field in the Gulf of Venezuela.

date.png10 Oct 2011 13:27 | comments.png 0 Comments | tags.png gazprom pdvsa upstream venezuela [ More ]
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