Venezuela
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.
News
July 10, 2017
Venezuela's PDVSA is guaranteeing "legal security" for all foreign companies in the leftist-run nation, the state oil producer said in a statement, rebuffing a government adviser's suggestion that their operations could be nationalized.
News
June 21, 2017
Venezuela, home to the largest oil reserves in the world, is seeking to import 13 MMbbl of fuel this year as the country’s refineries are now operating at less than half of their capacity.
News
June 16, 2017
Exxon Mobil will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana.
News
May 25, 2017
Syria and Venezuela plotted in recent years to evade international sanctions on Syria through a secret deal to transport its crude oil through Russia to the Caribbean.
Article
May 2017
Latin America schleps forward on its quest for recovery
News
May 08, 2017
Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-government protests in the past month. American drivers may pay more at the pump as well.
News
April 26, 2017
The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply.
News
April 12, 2017
A turnaround for Venezuela’s oil industry, the lifeblood of the South American country’s ailing economy, would take at least two years under the best of circumstances.
News
February 02, 2017
The recent bump in oil prices isn’t enough to help Petroleos de Venezuela SA (PDVSA) as it faces its fourth consecutive year of declining production.
News
December 05, 2016
For the three titans of Latin American oil—Pemex, PDVSA and Petrobras—last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights.
News
October 04, 2016
CARACAS (Bloomberg) -- An agreement among OPEC and non-OPEC states to limit oil production could slash global supply by 1.2 MMbpd and add as much as $15 to prices, said Venezuelan Oil Minister Eulogio Del Pino.
News
September 28, 2016
Y&V Group, the only Venezuelan contractor selected to participate in a multi-billion-dollar drilling project in the country’s Orinoco belt, is relying on an alliance with Baker Hughes to start drilling more than 200 wells.
News
September 20, 2016
The world’s largest oilfield services providers are making plans to help boost output in Venezuela, according to the president of the country’s state-run oil company.
News
August 16, 2016
The long decline in Venezuela’s oil production is becoming a supply risk for international markets, according to a report by Columbia University’s Center on Global Energy Policy.
News
July 13, 2016
Venezuelan crude production fell to a 13-year low last month as an economic crisis weighed on the OPEC member’s oil industry, the International Energy Agency said.
News
June 28, 2016
Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.
News
June 17, 2016
Crude prices around $50/bbl are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said Thursday in an interview.
News
May 06, 2016
Halliburton has joined rival Schlumberger in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis.
Article
May 2016
Despite the industry downturn, regionwide potential drives E&P forward
News
April 13, 2016
Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company.
