Unpaid debts and broken promises are making Venezuelan oil giant PDVSA an outcast in several Caribbean countries where it had been a guest of honor. The state-run company’s crumbling finances Continue Reading
Venezuela’s increasingly militant opposition stepped up its push to remove leftist leader Nicolas Maduro on Wednesday with rallies that drew hundreds of thousands of protesters and calls for a general Continue Reading
Rosneft office Russian Energy Minister Alexander Novak is still keeping his cards close to his chest, with the ministry reporting that he discussed with his Venezuelan counterpart, Eulogio del Pino, Continue Reading
Venezuelan state oil company PdVSA obtained the minimum required participation in its bond swap after… CARACAS, Venezuela—State oil producer Petróleos de Venezuela SA said Monday it has concluded a deal Continue Reading
Oil Pipeline Fears of a possible default by Venezuela’s cash-strapped oil company PDVSA have mounted in recent weeks, but can now rest easy, after Venezuela managed to get credit holders Continue Reading
Venezuela’s socialist government and opposition will hold surprise talks on Sunday amid a worsening political standoff and protests since the suspension of a referendum drive to remove unpopular President Nicolas Continue Reading
PDVSA Venezuela just dodged a bullet, pulling off a last minute bond swap with creditors. The deal only buys Venezuela a little bit of breathing room, and a default at Continue Reading
The king of Saudi Arabia, the world’s largest oil exporter, met Venezuela’s president on Sunday in Riyadh and discussed ways to stabilize global oil prices, state news SPA reported. King Continue Reading
National electoral council suspended key stage of process If delayed until next year, Maduro won’t face new elections A nearly year-long push by Venezuela’s opposition to gather support for a Continue Reading
Venezuela’s opposition cried “dictatorship” on Friday after government officials suspended a constitutionally allowed referendum against President Nicolás Maduro, making it unlikely that the socialist leader’s foes will be able to Continue Reading
Maduro, Del Pino to visit Saudi Arabia, Iran, Azerbaijan Bondholders have until 5 p.m. New York time to swap bonds Venezuelan President Nicolas Maduro and his energy minister Eulogio del Continue Reading
President seeks ‘alliance’ of OPEC, non-OPEC producers U.S. ‘can’t be isolated’ from discussion on global oil glut Venezuelan President Nicolas Maduro wants to invite the U.S. to OPEC’s next meeting, Continue Reading
Venezuela’s government, steadily more authoritarian in recent years, cast off more vestiges of democracy Thursday night, when electoral authorities extinguished the opposition’s efforts to recall President Nicolás Maduro by referendum. Continue Reading
Former PDVSA President Rafael Ramirez denied as “irresponsible lies” a Venezuelan congressional investigation accusing the state oil company of corruption to the tune of $11 billion during his decade-long tenure. Continue Reading
Billionaire businessman Oswaldo Cisneros is investing in a state-controlled oil field as part of the… CARACAS, Venezuela—Billionaire businessman Oswaldo Cisneros, one of Venezuela’s richest men, is investing $1 billion in Continue Reading
Venezuela is the main supplier of crude to the Gulf Coast Creditors may go after crude tankers and oil payments A potential default by Petroleos de Venezuela SA would cause Continue Reading
Venezuela’s supreme court has been asked to rule on whether bond payments due in the next two weeks adding up to more than $3.2bn can be made in local currency Continue Reading
Venezuela’s regional elections, originally scheduled for December 2016, will now be held in 2017, National Electoral Council President Tibisay Lucena said Oct. 19, Panorama reported. Regional election primaries will be Continue Reading
Venezuela’s congressional investigations commission said on Wednesday some $11 billion dollars were unaccounted for between 2004 and 2014 at state oil company PDVSA [PDVSA.UL] Describing the amount as “more than Continue Reading
One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. The Continue Reading
Emileidy Ojeda breastfeeding her four-month-old son David in July in San Francisco de Yare, Venezuela. CUMANÁ, Venezuela—Medical staff at the University Hospital in this eastern Venezuelan city delivered two premature Continue Reading
Swap offer applies to as much as $5.325 billion of 2017 debt Deadline for investors to accept exchange was Monday Petroleos de Venezuela SA, the state oil company seeking to Continue Reading
Around the world, governments continue to loosen their hold on oil and gas reserves. Just look at a slew of developments this week. Such as Russia finalizing a privatization plan Continue Reading
Argentina’s government is making the push towards more renewables at an extremely fast rate. The country recently held an auction for long-term contracts totaling a potential 1,109 megawatts of power Continue Reading
Argentina is considering the construction of its first liquefaction terminal to increase natural gas deliveries from the southernmost Austral Basin domestically and eventually to overseas markets, a person close to Continue Reading
International oil companies are reaching out to Brazil after it opened its most promising offshore region to increased competition, a move welcomed by Petrobras Chief Executive Officer Pedro Parente as Continue Reading
Eulogio del Pino Maduro Venezuela’s lagging oil industry may have received a much-needed boost from Repsol after accepting a US$1.2 billion credit line for a Petroquiriquire joint venture between Venezuelan Continue Reading
Venezuelan state oil company PDVSA is seeking to issue up to $4.7 billion in debt securities to settle unpaid bills to contractors, according to a document seen by Reuters, as Continue Reading
Brazil’s Congress votes to open up its pre-salt oil fields to foreign investors by scrapping Petrobras’ obligation to be the area’s sole operator. (Bloomberg) — Brazil’s Congress voted on Wednesday Continue Reading
Talks with Russian officials this week could add additional weight to an oil production agreement reached last week in Algeria, Venezuela’s president said. State-owned Petróleos de Venezuela, known also as Continue Reading
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
Vaca Muerta fields have ‘enormous potential,’ Dudley says Permian Basin shale assets too expensive for company right now BP Plc would rather invest in Argentina’s shale oil fields than in Continue Reading
Company plans to swap 2016, 2017 bonds for longer-dated debt PDVSA has $4.1 billion of bond payments yet to make this year Petroleos de Venezuela SA’s bonds surged to a Continue Reading
FARC peace accord may increase protests and delays: Campetrol Group slashes 2016 oil production target to 800,000 b/d While Colombia’s recent agreement to end 52 years of internal war with Continue Reading
Gustavo Ian Wu, who manages a shop in downtown Caracas, said his family, which came… CARACAS—China spent much of the last decade building a strategic alliance with Venezuela, a country Continue Reading
Anti-socialist protesters flooded Venezuela’s capital in one of the largest mass protests against President Nicolas Maduro’s rule in over a decade – and one of the largest protests in world Continue Reading
Hundreds of thousands of protesters took to the streets in Caracas on September 1, demanding the removal of Venezuelan President Nicolas Maduro. Estimates peg the number of protesters at about Continue Reading
Backers sought to help build $3.5 billion in renewables Island wants 24 percent of power from renewables by 2030 Nearly two years after presidents Barack Obama and Raul Castro announced Continue Reading
Supporters of Nicolas Maduro, Venezuela’s president, not pictured, hold up flags and a picture of Hugo Chavez, former president of Venezuela, during a protest in Caracas, on Sept. 1, 2016. Continue Reading
Hundreds of thousands of Venezuelan protesters flooded the streets of Caracas on Thursday to put pressure on the socialist government of President Nicolás Maduro to allow a recall referendum to Continue Reading
Argentina Rig Argentina is advancing in its mission to become the largest shale oil and gas producer outside of North America. But well economics still challenge the industry, despite heavy Continue Reading
