The Citgo logo is a beacon at the Red Sox’s home field Using the refiner as collateral is controversial in Caracas The red triangle is just about everywhere, from the Continue Reading
Congress approves liberalization of huge pre-salt deposits State-run Petrobras no longer sole operator of offshore area Brazil’s Congress voted on Wednesday night to open up its pre-salt oil fields to Continue Reading
For decades, jobs at Venezuela’s state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for Continue Reading
PDVSA swap could reduce amount due next month by $2 billion Country’s oil price hasn’t been rising like West Texas crude Venezuela, which has the largest crude reserves on the Continue Reading
The logo of Russian state nuclear monopoly Rosatom is pictured at the World Nuclear Exhibition 2014, the trade fair event for the global nuclear energy sector, in Le Bourget, near Continue Reading
One oil rig was idle for weeks because a single piece of equipment was missing. Another was attacked by armed gangs who made off with all they could carry. Many Continue Reading
Company wants to exchange bonds due in 2017 for 2020 debt PDVSA to offer new bonds at 1:1 ratio to old until Sept. 29 Venezuela’s state-owned oil company says it Continue Reading
The hunt for food started at 4 a.m., when Alexis Camascaro woke up to get in line outside the supermarket. By the time he arrived, there were already 100 people Continue Reading
The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over. BP is one such company. Continue Reading
Company wants to exchange bonds due in 2016, 2017 for new debt PDVSA needs half of private bondholders to swap, Nomura says Venezuela’s state-owned oil company has been on default Continue Reading
