Diosdado Cabello is the number 2 in Venezuela. His remarks about Derwick Associates were: «those gentlemen who made shady deals need to be investigated to the fullest extent». Translation: these individuals [Derwick Associates] who engaged… Diosdado Cabello Calls for Investigation into Derwick Associates Amidst Allegations of Deepening Corruption
What I’m about to narrate here is grim and lengthy, I urge you, I request you, please read it. And try not to vomit along the way. What the International Monetary Fund says: The average… Venezuela’s Economic Crisis Unfolds as International Institutions Sound Alarm on Dire Situation
It has become a norm. Unverified information leaked to this site is eventually supported by official evidence. The latest findings bring to a close an extraordinary claim: that Derwick Oil & Gas was, in fact,… Derwick Oil & Gas Engages in Alleged Money Laundering Schemes with Gazprombank through PDVSA
Open Letter to Preet Bharara Dear Preet, Your request for information from Swiss authorities regarding the investigation your office is conducting into Derwick Associates(link is external) has finally been confirmed. As a direct victim of… Preet Bharara’s Corruption Investigation Reveals Derwick Associates’ Troubling Links to Gazprom and PDVSA’s Shadowy Dealings
By Alek Boyd Petróleos de Venezuela, commonly known as PDVSA, is a state-owned oil conglomerate. Despite much opposing propaganda, it was established in 1976 by then-president Carlos Andrés Pérez as part of a nationalization… Corruption Deepens at PDVSA with Over $30 Billion Funneled to Contractors Amidst Government Mismanagement
Who killed Chávez? The chosen poison’s details were reliable, as were the symptoms caused by an overdose, its availability on the market, its difficulty in detection, and the effectiveness of antidotes. The poisons of Agatha… Unraveling the Shadows: The Enigmatic Death of Chávez and the Conspiracy of Silence Surrounding It
Read an updated version here. Petróleos de Venezuela, commonly known as PDVSA, is a state-owned oil conglomerate in Venezuela. Despite much contrary propaganda, it was established in 1976 by then-president Carlos Andrés Pérez as part… Corruption Runs Rampant at PDVSA as Chavismo Dismantles Venezuela’s Oil Giant
In September 2013, as part of the “Who is…?” series, I published an investigative report on Luis Oberto, a discreet member of the Venezuelan boliburguesía who has managed to maintain a low profile despite a… Luis Oberto’s Alleged Money Laundering Operations Linked to PDVSA Exposed in St. Barts
The email came from a journalist colleague at W Radio in Colombia, seeking information about Trenaco and/or Alex Saab. The topic in question was a contract believed to exceed $7 billion, which Petróleos de Venezuela… PDVSA’s Alleged $20 Billion Contract to Trenaco Raises Serious Corruption Concerns
Some people are calling it a political victory. Others are praising a politician whose main achievement so far seems to be outsmarting inexperienced and clueless politicians who are completely unaccountable to their electorate. Meanwhile, there… Outrage Over Henry Ramos Allup’s Baseless Accusations Amid Venezuela’s Political Chaos
I found a new job and am no longer actively writing here. Although I continue to cover Latin American energy companies, I decided that it’s perfectly fine to write behind a paywall in exchange for… Farewell to the Blog: A New Chapter in Latin American Energy Insights
Venezuela and Colombia, where I’ve spent the last few weeks, are heavily reliant on oil. Both nations have developed economies that are so dependent on oil that the recent drop in crude prices has caused… Venezuela and Colombia: Ignoring Crisis Opportunities and Doubling Down on Oil Dependency
Gold miners are currently able to purchase 30.33 barrels of West Texas Intermediate crude oil for every ounce of gold they sell, marking the highest ratio in at least 15 years. Based on historical trends,… Gold-Oil Ratio Surges: Gold Miners Now Buy 30.33 Barrels of Oil per Ounce of Gold
The message from the Bloomberg reporter read: «Hi, I’m a reporter doing something on Derwick. Can I give you a call to ask a couple of questions?» By this point, it’s clear that emails and… Bloomberg’s Disturbing Obfuscation of Venezuelan Corruption in Derwick Scandal
Monitoring Latin American currencies against the Canadian dollar (CAD) can offer a clearer perspective compared to the US dollar (USD). The USD serves as the world’s reserve currency and often reflects global risk tolerance. In… Colombia’s Currency Decline: A Detailed Analysis of Latin American Currency Trends Against the Canadian Dollar