Repsol has signed an oil and gas production agreement with PDVSA that could add 20,000 bopd to production.
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Shell has inked five oil and gas agreements in Venezuela, including a licence for the first phase of the Loran offshore gas…
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Hunt Oil and Crossover Energy have signed agreements to develop oil and gas projects in Venezuela’s Orinoco Belt.
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Eni has secured an agreement with Venezuela to relaunch production at the Junín-5 heavy oilfield in the Orinoco Belt.
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Repsol has signed with PDVSA to increase oil production at Petroquiriquire by up to 50% in 12 months, and potentially triple output in three years.
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Chevron has executed an asset swap with PDVSA to expand its heavy oil position in Venezuela.
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The USA has authorised BP, Chevron, Shell, Eni and Repsol to resume oil and gas activities in #Venezuela under new US-issued licences.
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Brent oil prices were higher on Tuesday, as investors remained concerned about global supply and future output from Iran and Venezuela.
Oil prices rose on Monday…
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Venezuelan President Nicolas Maduro was re-elected for a new term of six years in a controversial Sunday vote that fueled fears of new US energy sanctions,…
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Crude prices firmed on Friday as looming sanctions against Iran, the continuing economic crisis in Venezuela and strong demand continued to support prices.
New…
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Venezuela’s PDVSA was forced to divert an oil tanker from Curacao after ConocoPhillips sought to seize its assets on the island, international media reported late on…
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Chevron has evacuated executives from Venezuela after the arrest of company officials Carlos Algarra and Rene Vasquez last week, international media reported on…
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Two Chevron executives, Carlos Algarra and Rene Vasquez, have been arrested after a disagreement with Venezuelan NOC PDVSA over procurement, international media…
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Venezuela’s new cryptocurrency has raised USD 735 million in the first day of its pre-sale, international media reported on Wednesday.
The Petro, whose price is…
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Mexico will not impose oil sanctions on Venezuela, though it is working with the USA and Canada to evaluate the potential impact of such action, Mexican Secretary of…
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Venezuelan President Nicolás Maduro has responded to US Secretary of State Rex Tillerson’s comments about the possibility of oil sanctions, local media reported on…
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Following a private meeting between US and Argentinian government representatives over the weekend, both countries are considering placing sanctions on Venezuela’s…
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