Critics of the Biden administration’s decision to allow Chevron to return to its jointly operated oil fields in Venezuela say ...

The PBR delegation recently visited the oil fields in Lake Maracaibo, a key production region for Venezuela. Sources familiar with the matter have characterized this visit as a gesture of courtesy.

U.S. President Donald Trump said on Monday that his administration would likely stop buying oil from Venezuela and was ...

VEPICA provides services to oil operations in Venezuela and internationally ... Instead, they are mostly focused on offshore gas fields like Cardon and Dragon. Francisco Gea, executive managing ...

The Junin 1 oil field is forecasted to have a production of 200.000 bpd China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the ...

ConocoPhillips has launched multiple efforts to collect ICC and ICSID arbitration awards against the Caribbean nation.

Venezuela had ramped up its claims to a huge ... Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country’s waters about 120 miles from Georgetown.

In 2017, the Venezuela’s state-run oil firm PDVSA bought 180,250 barrels per day of crude and refined products and reshipped a portion of it to regional allies. Venezuela's imports Oil as a ...

Robert Rapier is a chemical engineer covering the energy sector. The Wall Street Journal reported this week that Venezuela's oil output in December fell by 11%, to 1.62 million barrels per day (BPD).

For its part, state oil company PDVSA reported a 998,000 bpd output in December, up from 960,000 bpd the prior month. Venezuela’s crude and byproduct exports receded to 756,000 bpd last month from a ...

The United States and Venezuela navigate a complex relationship involving sanctions, oil licenses, and disputed elections.

Dozens of business figures and politicians have been arrested so far this year in a £17bn corruption scandal that has rocked Venezuela and its state-run oil company. Venezuela's Nicolas Maduro ...