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Siemens Energy, Inc. v. Petroleos De Venezuela, S.A. et al

  1. January 11, 2022

    PDVSA Lines Up Appeal Over $166M Debt Ruling

    Venezuela's state-owned oil company is appealing a New York federal court's order forcing it to pay $166 million to U.S. manufacturer Dresser-Rand over missed loan payments, which the company previously said were impossible to make due to Trump-era sanctions.

  2. December 09, 2021

    PDVSA Must Pay $166M To Dresser-Rand, Court Says

    Venezuela's state-owned oil company has been ordered to pay $166 million to U.S. manufacturer Dresser-Rand after a New York federal judge determined Thursday that American sanctions didn't make it impossible to make good on promised loan payments.

  3. November 08, 2021

    PDVSA, US Co. Locked In Post-Trial Fight Over $150M Debt

    U.S. manufacturer Dresser-Rand and Venezuela's state-owned oil company have both submitted post-trial briefs and replies following a September bench trial over a defaulted $150 million promissory note, leaving the court to decide whether U.S. sanctions made it impossible for Petróleos de Venezuela SA to pay its debt. 

  4. September 16, 2021

    PDVSA Eyes Sanctions Officials' Convos In $150M Debt Suit

    Dresser-Rand is refusing to turn over its sanctions-related communications with U.S. government officials with respect to a $150 million debt owed by PDVSA, documents that the Venezuelan state-owned oil company says are "critically important" for an upcoming trial.

  5. March 31, 2021

    Venezuela Oil Co., Bondholder Face Off Over US Sanctions

    Venezuela's state-owned oil company is urging a New York court to find it was unable to repay $150 million owed to Dresser-Rand under a defaulted bond in an upcoming trial due to U.S. sanctions, while the engineering company accused the oil company of ignoring several viable payment alternatives.

  6. August 14, 2020

    Venezuela Oil Co. Seeks Court's Help In $150M Bond Fight

    Venezuela's national oil company is asking a New York federal court to help it obtain evidence from British and Chinese banks that it claims is "vital" to proving that U.S. sanctions have made it legally impossible to repay its nearly $150 million debt to a bondholder, as an upcoming trial looms.

  7. May 28, 2020

    Bondholder Seeks To Force Venezuelan Oil Co. To Pay $132M

    Engineering company Dresser-Rand Co. urged a New York federal court Wednesday to order a subsidiary of Venezuela's state-owned oil company to pay $132.3 million owed under a defaulted bond, saying further delay will leave it at a disadvantage when trying to compete with other creditors.

  8. March 06, 2020

    Venezuela Oil Co. Unit Fights $132M Bondholder Ruling

    A subsidiary of Venezuela's state-owned oil company is asking a New York federal judge to reconsider whether it's waived its defenses against paying $132.3 million owed to engineering company Dresser-Rand under a defaulted bond, saying it's subject to the same U.S. sanctions that prevent its parent company from paying up.

  9. February 12, 2020

    Bondholder Loses Round In $132M Venezuelan Debt Fight

    A New York federal judge on Tuesday denied a bid to order Venezuela's state-owned oil company to pay $132 million it owed a bondholder after defaulting on bonds, saying U.S. sanctions make it legally impossible for the company to pay the bondholders.