Venezuela
News
September 06, 2019
A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies.
News
September 03, 2019
Chevron appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to extend a waiver allowing it to continue operating in the country.
News
August 23, 2019
Citgo Petroleum isn’t for sale, says the man named the company’s new leader by the opposition to Venezuelan President Nicolas Maduro. His priority moving forward is to prepare for a return to normalcy.
News
August 23, 2019
Almost half the rigs operating in Venezuela will shut down by Oct. 25 if the Trump administration doesn’t extend a 90-day waiver from its sanctions, according to data compiled from consultancy Caracas Capital Markets.
News
August 16, 2019
China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation.
News
August 16, 2019
U.S. sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters.
News
August 09, 2019
Venezuela is importing fuel at a rate not seen since the U.S. imposed crippling sanctions on the country and cut off its main supply of foreign gasoline.
News
August 08, 2019
The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings.
News
July 26, 2019
Chevron and four oil services companies won U.S. government approval to continue producing oil in Venezuela despite sanctions placed on the crisis-stricken country.
News
July 26, 2019
Pressure is mounting on President Trump to end Chevron’s 100-year presence in Venezuela as he seeks to exert pressure on Nicolas Maduro's regime.
News
July 11, 2019
Stopping the flow of Venezuelan oil to its ally Cuba might prove harder than the U.S. expected.
News
June 20, 2019
Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe.
News
May 20, 2019
Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll.
News
April 20, 2019
Claims of Reliance Industries Ltd.'s purchases of crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties are false, according to the company.
News
April 07, 2019
The companies -- linked to the delivery of oil during February and March aboard the tanker Despina Andrianna -- are Ballito Bay Shipping Inc., based in Monrovia, Liberia and ProPer In Management Inc., based in Piraeus, Athens, the U.S. Treasury Department said in a statement.
News
April 04, 2019
Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online.
News
March 20, 2019
Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA.
News
March 13, 2019
Venezuela’s opposition leader is rolling out the welcome mat to foreign investors who want a piece of the world’s largest oil reserves.
News
March 12, 2019
U.S. Energy Secretary Rick Perry said the decline of oil output from Venezuela will continue until there’s a change of leadership.
News
March 05, 2019
Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed to thin out its crude and keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue.
News
February 26, 2019
Venezuela is running out of space to store its sanction crude, forcing it to reduce output at a time when the world is thirsty for heavy oil.
