Venezuela
News
November 10, 2017
Venezuela’s state-run oil company is opening an office in Switzerland, the latest step in the cash-strapped firm’s struggle to survive amid tighter U.S. sanctions and declining production.
News
November 03, 2017
Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia.
News
November 03, 2017
Oil closed at its highest in more than two years for a second day as support grew for OPEC to prolong output cuts, while supply threats abounded.
News
November 03, 2017
President Nicolas Maduro said Venezuela will seek to restructure its global debt after the state oil company makes one more payment, blaming U.S. sanctions for making it impossible to find new financing.
News
November 03, 2017
The risks associated with Rosneft PJSC’s $6 billion advance to Venezuela’s oil company for future crude shipments have deepened after the Latin American nation announced plans to restructure crushing debts.
News
October 26, 2017
The former CEO of Venezuela’s state run-oil company said it will make debt payments this year and next, even as he acknowledged the crude producer is struggling with cash-flow and operational issues.
News
October 25, 2017
Venezuela’s biggest market for crude sales -- the U.S. -- is becoming a harder and harder place for the socialist nation’s oil producer to do business as sanctions and diminishing quality controls discourage would-be buyers.
Article
September 2017
Hope for improved Russian-U.S. relations has evaporated, following a U.S. congressional vote and retaliation taken by the Russian government.
News
August 30, 2017
Venezuela, still reeling from a fresh round of U.S. sanctions that make it harder to raise financing in capital markets, offered $5 million to help victims of Hurricane Harvey in parts of Texas through its subsidiary Citgo Petroleum Corp.
News
August 25, 2017
Venezuelan oil minister Nelson Martinez and state oil company president Eulogio Del Pino will switch roles as the South American country’s production wanes and money dries up.
News
August 23, 2017
For Schlumberger Ltd. and Halliburton Co. the road to payment for services in Venezuela is increasingly long and winding.
News
August 23, 2017
President Nicolas Maduro said Venezuela’s authoritarian regime is prepared for additional retaliation from the U.S., one of the crisis-torn nation’s principal trade partners, including wide-reaching sanctions on its beleaguered economy and oil industry.
News
August 11, 2017
Venezuela’s oil-supply woes are so dire that its U.S. refineries are turning to Canada for help.
News
August 09, 2017
Venezuelan President Nicolas Maduro praised foreign companies wise enough to make deals with what he called “our beloved PDVSA.”
News
August 08, 2017
Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with knowledge of the companies. Norway’s Statoil ASA has withdrawn its expatriate staff.
Article
August 2017
Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.
Article
August 2017
On July 30, either through their own free will, or through coercion and intimidation by their president, Nicholas Maduro, the citizens of Venezuela approved a new “Constituent Assembly.”
News
August 06, 2017
Russia’s largest oil company disclosed another advance payment to Venezuela’s state producer after the U.S. sanctioned President Nicolas Maduro on Monday.
News
August 03, 2017
The tanker Paramount Helsinki docked in Pascagoula, Mississippi, last week bearing the lifeblood of Chevron’s refinery there: 532,000 bbl of thick Venezuelan oil.
News
July 31, 2017
The specter of tighter U.S. sanctions is pushing up the perception that Venezuela is getting closer to defaulting on its bonds.
News
July 31, 2017
Oil traded near $50/bbl in New York as efforts by Venezuela’s president to seize more power raised speculation the U.S. could step up sanctions.
