Venezuela – Page 19 – Oil & Gas 360

Harvest Natural Resources Files for International Arbitration vs. Venezuela

January 20, 2015

To say Houston’s Harvest Natural Resources (ticker: HNR) has been frustrated by the government of Venezuela is an understatement. On Jan. 15, Harvest submitted a request for international arbitration against the sovereign nation. After years of fruitless negotiations with Venezuela for owed oil production revenue and past dividend payments, and more recently for apparently squashing the sale of Harvest’s interest

Harvest Natural Resources Reports Fourth Quarter and 2013 Earnings Results

March 20, 2014

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela and exploration assets in Indonesia, West Africa and China. Harvest announced its net oil sales for Q4’13 were 3,964 BOE, according to its earnings release on March 17, 2014. The sales, coming entirely from its assets in Venezuela (Harvest owns

Harvest Natural Resources Announces Agreement to Sell Venezuelan Properties

December 16, 2013

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa and China. On December 16, 2013, Harvest Natural Resources confirmed it had closed the first phase of a two-phase process to sell its assets in Venezuela and received $125 million ($122 million net), as

Harvest Natural Resources Announces Gabon Asset Sale Negotiations

October 1, 2013

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa, China and business development offices in Singapore and the United Kingdom. On September 30, 2013, Harvest announced it has entered into exclusive negotiations with Vitol S.A. to sell its 66.667% interest in its offshore

HNR Harvests Venezuela for $725 Million

June 21, 2012

Harvest Natural Resources (ticker: HNR) is an oil and gas exploration company headquartered in Houston, Texas with exploration projects in Indonesia, Gabon, Oman and producing assets in Venezuela. On June 21, 2012 the company announced it had sold its 32% interest in its Venezuelan affiliate, Petrodelta, to the Indonesian state-owned oil company, PT Pertamina for $725 million in an all-cash

Harvest Natural Resources Reports Oman Operations Right on Schedule

November 2, 2011

Harvest Natural Resources (ticker: HNR) reported it had commenced drilling the Mafraq South-A (MFS-A) exploration well onshore Oman, the first of a two-well exploratory program. HNR also announced that the mean prospective resources for the targeted south segment total 1.25 Tcf of gas with 46 million barrels of condensate. The MFS-A well will test the Mafraq South structure, which is

High-Impact Exploration Projects Continue for Harvest Natural Resources

May 2, 2011

Harvest Natural Resources (ticker: HNR) announced that it had commenced drilling the Ruche Marin-A exploration well located in 380 feet of water offshore Gabon, West Africa. The well is highly anticipated because it will test multiple stacked pre-salt targets offshore West Africa. The exploration well will be drilled with the Transocean Sedneth 701 semi-submersible drilling unit to a planned total

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