Energy and oilUpdated 14h ago

Asharq News: PDVSA authorizes Houston repairs for gas equipment.

Asharq News, citing Bloomberg, reports that Venezuela’s state-owned oil company, PDVSA, has authorized the shipment of four gas generators and six gas compressors to Siemens Energy workshops in Houston. Bloomberg attributes the reported $46 million repair cost and estimated three-to-six-month work period to a person familiar with the arrangement. After repairs, the equipment is expected to be redeployed in western Venezuela, including the Lake Maracaibo area, to support oil operations. The production benefit remains expected; the report does not say that output has already increased.

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