Venezuela
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 11, 2017
The prospect of a U.S. blockade of crude oil imports from Venezuela has ignited fierce lobbying in Washington pitting domestic energy producers such as oil tycoon Harold Hamm, who favor a get-tough approach, against refiners that depend on those supplies.
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 Norway’s Statoil ASA has withdrawn its expatriate staff.
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.
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.
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.
