Latest news with #Chevron-chartered
Reuters
28-04-2025
- Business
- Reuters
Tankers queue near old Venezuela oil port ahead of US license expiry, data shows
Summary Companies PDVSA launches Blend 22 exports ahead of May 27 license expiry New crude blend being shipped from Western La Salina port Vitol-chartered vessel's hull being cleaned after loading at La Salina Loading limited to 350,000 bbl due to lack of dredging Five Chevron-chartered ships remain idled waiting near Aruba April 28 (Reuters) - Tankers are lining up near an old oil port at Venezuela's Western region to load crude cargoes and depart from the South American country before a May 27 deadline set by the U.S. to wind down operations and exports, according to documents and data. U.S.-sanctioned Venezuela is set to inaugurate this month exports of a new crude grade, Blend 22, to lure customers even after the expiration of licenses Washington had granted to companies in the U.S., India and Europe to carry Venezuelan oil exports. Because the grade is a blend of crudes produced by state-owned oil company PDVSA at its Western fields, exports must be shipped from La Salina, an aging and deteriorated terminal on the shores of Lake Maracaibo where tankers often get their hulls stained when docking due to oil leaking from submarine pipelines. Vessels also cannot load more than 350,000 barrels of crude in that area because of Lake Maracaibo's lack of dredging. Most PDVSA customers typically avoid La Salina, but as the deadline approaches for buyers taking Venezuelan oil cargoes under U.S. licenses, some have taken the risk of loading there, which has begun triggering delays and a bottleneck of tankers waiting at Maracaibo's anchorage, the documents and ship monitoring data showed. A vessel chartered by trading house Vitol to load a 250,000-barrel cargo of Blend 22 allocated by PDVSA to France's Maurel & Prom ( opens new tab is having its hull cleaned this week after it completed loading last week, according to one of the documents. The companies are scheduled to take a similar cargo after that as part of an oil swap that involves heavy naphtha for Venezuela, and three more could follow pending an agreement with PDVSA, according to a source close to the talks. The neighboring Bajo Grande terminal, which was used by Chevron (CVX.N), opens new tab to ship crude from one of its joint ventures before PDVSA this month canceled the cargoes it had allocated to the U.S. firm, is now being used by the state company to load Boscan heavy crude for floating storage, the documents showed. Of about a dozen vessels Chevron had near Venezuelan ports earlier this month before the cargo cancellations, five remain close to Aruba waiting for directions, while the others were sent to pick up cargoes elsewhere, according to LSEG ship data. President Nicolas Maduro's government has criticized Washington's hardening of sanctions on the country and said the measures amount to an "economic war."
Yahoo
23-04-2025
- Business
- Yahoo
Tankers chartered by Chevron to move Venezuelan crude seek other business
By Arathy Somasekhar HOUSTON (Reuters) -Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the firm to return cargoes amid payment uncertainty related to sanctions. The marketing of the vessels indicates that Chevron does not expect to load all the cargoes it typically ships from Venezuela in a month even if it eventually finds a way to resolve the disagreement with PDVSA. Tanker Sea Dragon, which had discharged Venezuela's Boscan heavy crude in Philadelphia, was being marketed by Agelef Maritime Services, two sources familiar with the matter said. Chevron was marketing vessel Andromeda, which earlier this month discharged Venezuelan Hamaca crude at Port Arthur, the sources added. At least six more tankers Chevron had chartered to carry Venezuelan crude to the U.S. in coming weeks as part of the wind down of its U.S. license through May 27 were stalled in the Caribbean Sea waiting for directions after PDVSA last week ordered two cargoes to be returned and canceled loading permits to others, cutting the deadline short. As of Wednesday, Chevron-chartered tanker Dubai Attraction, which finished loading some 300,000 barrels of Venezuelan Boscan crude in early April, was still awaiting customs paperwork to return its cargo, according to ship tracking data and sources. Carina Voyager, managed by a Chevron unit, was near Aruba after returning its 500,000-barrel cargo to PDVSA last week, LSEG shipping data showed. Sea Jaguar's loading window at Venezuela's Jose terminal, originally scheduled for mid-April, was canceled by PDVSA, according to a document seen by Reuters. The ship was on Wednesday hovering around Aruba, according to tracking data. PDVSA and Chevron did not reply to requests for comment. Other tankers chartered by trading house Vitol were loading and discharging normally at Venezuelan ports, according to the data and documents, while vessels chartered by Reliance Industries for India delivery and Maurel & Prom for Europe departed on schedule, ahead of the May 27 deadline to wind down cargoes and operations. Sign in to access your portfolio
Reuters
23-04-2025
- Business
- Reuters
Tankers chartered by Chevron to move Venezuelan crude seek other business
HOUSTON, April 23 (Reuters) - Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the firm to return cargoes amid payment uncertainty related to sanctions. The marketing of the vessels indicates that Chevron does not expect to load all the cargoes it typically ships from Venezuela in a month even if it eventually finds a way to resolve the disagreement with PDVSA. Tanker Sea Dragon, which had discharged Venezuela's Boscan heavy crude in Philadelphia, was being marketed by Agelef Maritime Services, two sources familiar with the matter said. Chevron was marketing vessel Andromeda, which earlier this month discharged Venezuelan Hamaca crude at Port Arthur, the sources added. At least six more tankers Chevron had chartered to carry Venezuelan crude to the U.S. in coming weeks as part of the wind down of its U.S. license through May 27 were stalled in the Caribbean Sea waiting for directions after PDVSA last week ordered two cargoes to be returned and canceled loading permits to others, cutting the deadline short. As of Wednesday, Chevron-chartered tanker Dubai Attraction, which finished loading some 300,000 barrels of Venezuelan Boscan crude in early April, was still awaiting customs paperwork to return its cargo, according to ship tracking data and sources. Carina Voyager, managed by a Chevron unit, was near Aruba after returning its 500,000-barrel cargo to PDVSA last week, LSEG shipping data showed. Sea Jaguar's loading window at Venezuela's Jose terminal, originally scheduled for mid-April, was canceled by PDVSA, according to a document seen by Reuters. The ship was on Wednesday hovering around Aruba, according to tracking data. PDVSA and Chevron did not reply to requests for comment. Other tankers chartered by trading house Vitol ( were loading and discharging normally at Venezuelan ports, according to the data and documents, while vessels chartered by Reliance Industries ( opens new tab for India delivery and Maurel & Prom ( opens new tab for Europe departed on schedule, ahead of the May 27 deadline to wind down cargoes and operations.
Shafaq News
12-04-2025
- Business
- Shafaq News
Chevron's Venezuelan oil cargoes canceled, stalled amid payment uncertainty
Shafaq News/ At least two vessels carrying Venezuelan crude chartered by Chevron (CVX.N), are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of payment amid the hardening of U.S. sanctions on the OPEC-member country. An individual license issued in 2022 by the United States for Chevron to operate in Venezuela was revoked in March by U.S. President Donald Trump's administration with a wind-down period granted until May 27. But PDVSA's orders are now cutting the deadline short. The U.S. oil producer awaits customs paperwork to return the cargoes to ports after PDVSA on Thursday canceled set-sail authorizations to two of the Chevron-chartered vessels that had finished loading. The Venezuelan company also suspended loading permits to four other Chevron tankers, which began to sail away empty on Friday, according to the sources and LSEG shipping data, adding uncertainty to the U.S. company's exports from Venezuela. The Venezuelan government blamed the U.S. measures for the issue, saying they prevented Chevron from paying for the oil. "Because of the economic war initiated by the U.S. government against oil companies, Chevron has returned cargoes of crude to PDVSA," Vice President Delcy Rodriguez posted on Telegram. "This crude is being sold on international markets. As of Friday, the Chevron-chartered vessels Dubai Attraction and Carina Voyager remained loaded in Venezuelan waters waiting for paperwork for the cargoes' return, according to the sources and shipping data. The cargoes had been declared as exports to Venezuela's customs authority, so Chevron must now obtain authorization for their return. PDVSA is requesting the cargoes be returned in coming days at ports including Amuay, the sources said. Carina Voyager was bound for Chevron's Pascagoula refinery in Mississippi, while Dubai Attraction was scheduled to transfer its cargo to the Valero Energy-chartered (VLO.N), opens new tab tanker Cap Corpus Christi off Aruba, according to the data and sources. The Cap Corpus Christi departed partially loaded on Friday to the United States as it could not complete its load via ship-to-ship, the LSEG data showed. Four other Chevron vessels scheduled to load this month - the Pegasus Star, Ionic Anax, Calypso and Sea Jaguar - had their loading windows suspended. Two of them were sailing away from Venezuelan waters on Friday, according to the sources and data. Chevron, PDVSA and Valero did not reply to requests for comment. Venezuela's vice president did not say if the cargoes would be rescheduled by PDVSA. Chevron, whose joint ventures with PDVSA produce about a quarter of the country's oil output, exported some 250,000 barrels per day of Venezuelan crude to the United States in the first quarter under its license, granted in 2022. That license and others to European and Asian companies in Venezuela were canceled by the Trump administration last month as Washington accused President Nicolas Maduro of not doing enough to curb illegal migration to the U.S. and restore democracy in Venezuela. Maduro's government has long rejected the U.S. sanctions on the country's oil industry, in effect since 2019.
Yahoo
11-04-2025
- Business
- Yahoo
Chevron's Venezuelan oil cargoes stalled at sea after export cancellations
HOUSTON (Reuters) - At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member's buyers, two sources with knowledge of the matter said on Friday. The U.S. oil producer awaits customs paperwork to return the cargoes to ports after PDVSA on Thursday canceled set-sail authorizations to two of the Chevron-chartered vessels that had finished loading. It also suspended a loading permit to a third tanker, the sources said. Under an individual license to operate in U.S.-sanctioned Venezuela, Chevron was authorized by the U.S. Treasury Department in March to ship Venezuelan crude cargoes to the United States until late May before suspending operations and exports. But PDVSA's orders might cut the deadline short. As of Friday, the Chevron-chartered vessels Dubai Attraction and Carina Voyager remained loaded in Venezuelan waters waiting for paperwork for the cargoes' return, according to the sources and LSEG shipping data. The cargoes had been declared as exports to Venezuela's customs authority, so Chevron must now obtain authorization for their return as instructed by PDVSA, the sources said. Carina Voyager was bound for Chevron's Pascagoula refinery in Mississippi, while Dubai Attraction was scheduled to transfer its cargo to a Valero Energy-chartered vessel off Aruba, according to the data and sources. A third vessel, the Pegasus Star, was suspended a window to load this week, the sources added. Chevron and PDVSA did not reply to requests for comment. Valero did not immediately respond to a comment request. It was not immediately clear if the cargoes would be rescheduled by PDVSA. Chevron, whose joint ventures with PDVSA produce about a quarter of the country's oil output, exported some 250,000 barrels per day (bpd) of Venezuelan crude to the U.S. in the first quarter under its license, granted in 2022. That license and others to European and Asian companies in Venezuela were canceled by U.S. President Donald Trump's administration last month as Washington accused President Nicolas Maduro of not doing enough to curb illegal migration to the U.S. and restore democracy in Venezuela. Maduro's government rejects the U.S. sanctions on the country's oil industry, in effect since 2019, saying they amount to an "economic war." Sign in to access your portfolio
