The ongoing power struggle in Venezuela has extended to a row over who is managing its state oil firm PDVSA and its key asset, U.S. refiner Citgo Petroleum—and this could Continue Reading
As Venezuela emerges from its dire political, economic and humanitarian crisis, its lifeblood oil industry will play a central role in steering the country toward recovery. But state oil company PDVSA Continue Reading
US Vice President Mike Pence is scheduled to visit Colombia on Monday to bolster the Trump administration’s push for regime change in Venezuela as US sanctions on state-owned oil company Continue Reading
US sanctions could more than halve Venezuela’s crude production by the end of the year, hitting heavy oil joint ventures in the Orinoco Belt and fields operated solely by state Continue Reading
Asdrubal Chavez, chief executive of Houston-based Citgo Petroleum Corp, boarded the Venezuelan-owned firm’s corporate jet in Caracas on Jan. 30, after meeting with top officials of the embattled administration of Continue Reading
Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges Continue Reading
The political showdown over the delivery of aid to Venezuela turned deadly Friday when its security forces fired on protesters near the country’s Brazilian border, killing two and wounding a Continue Reading
Politicians from the Venezuelan opposition and their supporters prepared to challenge President Nicolás Maduro’s blockade of U.S. and other foreign aid on Saturday, as fears mounted that the attempt could Continue Reading
When ExxonMobil begins oil production in Guyana next year; mining crude from its seven new deep-water wells, life may change dramatically in this small South American country. The mega deal Continue Reading
The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes, despite record-breaking production for the week ending February 15. The Continue Reading
