Dutch Caribbean Legal Portal

ORANJESTAD - A court in Aruba on Wednesday lifted liens on two oil cargoes put in place by ConocoPhillips as part of a legal strategy to enforce a $2 billion arbitration decision, the latest reversal for the U.S. oil firm’s collection efforts.

HOUSTON - U.S. oil producer ConocoPhillips (COP.N) is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA [PDVSA.UL], Conoco’s chief executive said on Tuesday.

ORANJESTAD - U.S. oil company ConocoPhillips has brought new court actions to seize two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum in Aruba, the Aruban government confirmed on Tuesday.

THE HAGUE--The Dutch Government is keeping a keen eye on the consequences that the lien placed by US oil giant ConocoPhillips on the assets of the Venezuela state oil firm PdVSA might have for Bonaire and St. Eustatius.

HOUSTON, Texas/ WILLEMSTAD - ConocoPhillips is expected to renew an effort to temporarily seize Venezuela’s PDVSA oil inventories at the 335,000-barrel-per-day Isla refinery in Curaçao in the coming days, sources close to the state-run firm’s operations in the Caribbean said.

HOUSTON/CARACAS - U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions.

ORANJESTAD - Fitch Ratings on ARuba says that the rating outlook has been revised form stable to negative.

PHILIPSBURG--Government is currently working on securing refinancing options for small entrepreneurs in the country such as taxis, small sole proprietors, mom-and-pop shops, etc.

CARACAS - Venezuela has arrested the former refining boss of state oil company PDVSA for alleged corruption, two sources told the news agency Reuters on Monday, extending a crackdown on the OPEC nation’s ailing oil sector.

CARACAS - De Venezolaanse staatsoliemaatschappij PdVSA beschuldigt oliehandelsbedrijven Trafigura, Vitol en Glencore van betaling van miljoenen dollars aan steekpenningen.

PHILIPSBURG - The annual meeting of the entitled asset holders of the Central Bank of Curaçao and St. Maarten (CBCS) was held in St. Maarten on Wednesday.

WILLEMSTAD - Het interim-management van Insel Air International werkt aan een alternatief reorganisatieplan om met een aanzienlijk lagere financiering dan de eerdere voorziene 5 miljoen dollar voort te kunnen.

WILLEMSTAD, ORANJESTAD – The Venezuelan National Institute of Civil Aviation (INAC) implemented a complete blockade between Venezuela and the ABC Islands, Aruba, Bonaire and Curaçao.

PHILIPSBURG –The rebuilding of Hurricane Irma-damaged Princess Juliana International Airport (PJIA), one of the island’s main ports of entry and sub-hub for the Northeastern Caribbean, is stalled due to NAGICO Insurances’ refusal to swiftly assess and honour in full the airport’s multi-million-dollar insurance claim.

CARACAS - Venezuelan PDVSA’s refineries will operate at 43 percent of their total capacity in March due to a lack of spare parts, light crude and feedstock, according to an internal document from the state-run firm seen by Reuters on Wednesday.

ING wordt verdacht van vier witwas- en corruptiezaken. De bank kan vervolging voorkomen door het OM inzage te geven in toekomstige integriteitsrisico’s.

CARACAS - De financiële problemen van het Venezolaanse oliebedrijf Petróleos de Venezuela (PdVSA) zijn zo groot dat de modernisering van de raffinaderij op Aruba door dochterbedrijf Citgo is vertraagd.

ORANJESTAD - The Aruba government said on Thursday it started talks with the United States after Houston-based firm Citgo Petroleum slowed work on an overhaul of the Caribbean island’s 235,000-barrel-per-day refinery due to a lack of credit.

CARACAS, Venezuela – Venezuela has formally launched its new oil-backed cryptocurrency, the Petro, as it seeks to pull itself out of economic crisis.

HOUSTON / ORANJESTAD - Houston-based Citgo Petroleum has slowed work on an overhaul of its 235,000-barrel-per-day Aruba refinery due to a lack of financing stemming from U.S. sanctions on Venezuela’s state-run PDVSA, the refining firm said.