PetroVietnam’s joint venture with Venezuela’s state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations, a top executive for the company Continue Reading
General Motors Co. is taking a $100 million charge to write off its operations in troubled Venezuela, where authorities last month unexpectedly seized its production plant on a court order, Continue Reading
The number of LNG carrier transiting the Panama Canal could average one a day by 2021 as more US supply comes on stream and targets demand in North Asia, according Continue Reading
Venezuela’s President Nicolas Maduro speaks during his weekly broadcast ”Los Domingos con Maduro” (The Sundays with Maduro) in Caracas, Venezuela. Miraflores Palace/via Venezuela’s opposition was blocking streets on Tuesday to Continue Reading
Security forces fired tear gas at youths throwing stones and petrol bombs on Monday as Venezuela’s opposition began a second month of protests against socialist President Nicolas Maduro. With hundreds Continue Reading
The U.S. Supreme Court on Monday ruled against an American oil drilling company that claimed Venezuela unlawfully seized 11 drilling rigs in 2010. Siding with Venezuela, the justices ruled 8-0, Continue Reading
At a time when volatility is an emerging trend in the energy sector, French supermajor Total remains an attractive player, an investment profile read. A floor price for crude oil Continue Reading
Venezuela said it would begin a two-year process to pull out of the world’s oldest regional diplomatic body, in a move that is likely to heighten tensions with its neighbors Continue Reading
Venezuela said Wednesday that it would pull out of the Organization of American States , which has long been critical of President Nicolás Maduro’s unyielding accumulation of power at the Continue Reading
The Venezuelan government’s seizure of a GM factory, as reported by Reuters, signals that the deeply corrupt regime of President Nicolas Maduro is escalating its self-defeating actions. Ironically, for oil Continue Reading
