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Venezuela Overview

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Repsol, PDVSA ink oil and gas production deal
NEWS
Venezuela - June 17, 2026

Repsol has signed an oil and gas production agreement with PDVSA that could add 20,000 bopd to production.

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Venezuela inks five oil and gas agreements with Shell
NEWS
June 15, 2026

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, Crossover sign heavy oil deals in Venezuela
NEWS
Venezuela - April 30, 2026

Hunt Oil and Crossover Energy have signed agreements to develop oil and gas projects in Venezuela’s Orinoco Belt.

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Eni strikes deal to relaunch Venezuela production
NEWS
Venezuela - April 29, 2026

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 agreement greenlights production boost in Venezuela
NEWS
Venezuela - April 17, 2026

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 grows Venezuela heavy oil position with asset swap
NEWS
Venezuela - April 14, 2026

Chevron has executed an asset swap with PDVSA to expand its heavy oil position in Venezuela.

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USA authorises oil companies to resume work in Venezuela
NEWS
Venezuela - February 13, 2026

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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Interview
Bolivia - December 12, 2016

TOGY talks to Shaolin Li, regional director of Jereh Global in Bolivia, about the challenges and opportunities involved in entering the local oil and gas industry.…

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Angola drives November OPEC output
NEWS
Angola - December 06, 2016

OPEC production hit 34.19 million bopd in November, a survey has shown. The results released on Monday reveal the biggest month-on-month increase was recorded in…

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Interview
Argentina - December 5, 2016

TOGY talks to Fernando Meiter, associate consultant at Gas Energy Latin America, about the concerns of foreign companies looking to invest in Argentina and the regional…

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Venezuela to tap Chinese funds
NEWS
Venezuela - November 18, 2016

Venezuela will draw USD 2.2 billion from its credit line with China in an effort to raise production from its projects with China National Petroleum Corporation (CNPC),…

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PDVSA inks financing deals
NEWS
Venezuela - November 07, 2016

Petróleos de Venezuela (PDVSA) late on Friday announced financing agreements totalling close to USD 1.45 billion in an effort to increase production.

Through USD…

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Venezuela set to drop crude production
NEWS
Venezuela - August 16, 2016

Venezuela is set for a further fall in oil production, according to a report released by Columbia University today.

As Venezuela’s largest industry declines, it is…

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Trinidad’s hydrocarbons and hydrogen prospects Kevin-RAMNARINE
Interview
Trinidad and Tobago - August 10, 2016

TOGY talks to Trinidad and Tobago’s former Minister of Energy and Energy Affairs Kevin Ramnarine about current deepwater plays and how he views the future of…

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Ricardo Orrantia, CEO of Grupo Altavista
Interview
Mexico - June 3, 2016

Grupo Altavista president and CEO Ricardo Orrantia talks to TOGY about how oil and gas companies in Mexico have been impacted by both lower oil prices and the…

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Oil price gains erased
NEWS
- April 15, 2016

News about Iranian Oil Minister Bijan Zanganeh reportedly not attending the April 17 meeting of OPEC and non-OPEC members in Doha pushed oil prices down early on…

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Canada-US oil trade hits record
NEWS
USA - April 12, 2016

The Energy Information Administration reported on Tuesday that US imports from Canada reached record levels in 2015. Canada shipped 3.2 million bopd last year, a 10%…

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