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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Colombian Chamber of Oil Goods and Services president Rubén Darío Lizarralde Montoya talks to TOGY about Colombia’s position as a producer and ways in which country…
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Venezuela has secured a loan from China worth $5 billion to aid the country’s oil industry.
President Nicolas Maduro, speaking in Beijing during a tour to promote…
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A gas treatment plant of state oil company Petróleos de Venezuela (PDVSA) in the Cardon IV block, was hit by an explosion Monday evening, though the resulting fire was…
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Spanish energy company Repsol and Italy’s Eni have begun shipments from gasfields offshore Venezuela to onshore facilities, with the first shipment completed over the…
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Spanish major Repsol announced Monday that has begun the first producing well at the Perla gasfield located 50 kilometres offshore the Gulf of Venezuela.
The Perla…
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Eni has started production from the giant Perla gasfield in the Gulf of Venezuela.
The event marks the first gas produced offshore Venezuela.
Perla is located in…
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Venezuela’s state oil company has signed an agreement with Russia’s Rosneft to form a joint venture to produce natural gas.
Petróleos de Venezuela (PDVSA) will…
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Venezuela and Rosneft, Russia’s top oil producer, have struck a deal worth $14 billion in investing in the South American country’s oil and gas industry. Venezuela…
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Iran’s deputy oil minister has said that OPEC is unlikely to implement a production cut at the organisation’s next meeting, Reuters news agency reported on…
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In a bid to compete with growing supplies of North American oil and gas, Venezuela has proposed a plan under which its heavy crude would be blended with lighter oil…
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