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Petróleos de Venezuela SA (PDVSA)

About

Petróleos de Venezuela SA (PDVSA) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.

Headquarters Address

Caracas ,
Venezuela

Transactions

Report Date Amount (MM) Description
2015-11-03 $322.00

PBF Subsidiary Closes Chalmette Refinery Acquisition

PBF Subsidiary Closes Chalmette Refinery Acquisition

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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New Financings

Report Date Type Amount (MM) Description
2008-01-07 Petróleos de Venezuela SA (PDVSA) - 2008-01-07 Buyback $465.80

Redeemed all 7.33% bonds due 2009, 7.9% bonds due 2020 and 8.03% bonds due 2028 issued by Cerro Negro…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Pitts: How Venezuelan Elections Impact Texas and Louisiana

The ramifications of another questionable election in Venezuela comes as Chevron’s quest to recoup debts continues. And Washington’s likely next steps will include more of the same: sanctions.

Amber CEO Goff Resigns from Exxon Mobil Board

The CEO of Amber Energy Inc., the winning bidder of Citgo Petroleum for an auction price of $7.3 billion, resigned from Exxon Mobil Corp.’s board of directors last week.

Venezuela Lost Citgo, But the Battle’s Not Over Yet

Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.

Elliott-backed Amber Energy Picked to Buy Citgo Petroleum for $7.3B

Amber Energy, led by industry veterans Gregory Goff and Jeff Stevens, was selected by a court-appointed special master to buy Citgo Petroleum, which is held by a Venezuelan company, for $7.286 billion.

Fitch Warns of Citgo Credit Risks but Affirms Stable Outlook

Rating agency Fitch affirmed the default rating of U.S. refiner Citgo Petroleum Corp. at 'B' with a stable outlook, while highlighting operational risks and contagion effects from U.S. sanctions on Citgo's Caracas-based parent PDVSA.

US Extends General License for Petroleos de Venezuela Bond

The U.S. has extended the general license for Petroleos de Venezuela's 2020 8.5% bond. 

Pitts: Oh, What a Tangled Web the Supermajors Weave

Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’

Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says

Washington aims to prioritize issuing licenses to companies with existing oil output and assets over those seeking to enter the sanctioned OPEC nation for the first time, sources told Reuters.

US to Favor Existing Investors for Venezuela Oil Licenses, Say Sources

The U.S. is preparing to prioritize issuing limited licenses to operate in Venezuela to companies with existing oil production and assets over those seeking to enter the sanctioned OPEC nation for the first time. 

ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor

ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.

Repsol Plans to Double Oil Production in Venezuela

Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.

Renewed US Sanctions to Complicate Venezuelan Oil Sales, Not Stop Them

Venezuela’s oil exports to world markets will not stop, despite reimposed sanctions by Washington, and will likely continue to flow with the help of Iran—as well as China and Russia.

US Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections

The Biden administration holds out little hope that Maduro will make enough concessions before the April 18 deadline to satisfy U.S. demands.

PDVSA Contributed $6.2B to Government Coffers in 2023

Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.

Ecoanalítica: Venezuelan Oil Production, Economy to Grow in 2024

Venezuelan consultancy Ecoanalítica expects the OPEC country’s oil production and economy to grow in 2024—aided primarily by a recent license granted to the benefit of oil and gas companies by the U.S. government.