Category: Venezuela

The question for businessmen and governments with a stake in the deteriorating situation in Venezuela is no longer if the regime of Nicholas Maduro will come to a premature end, Continue Reading

Venezuela’s oil industry is at risk of grinding to a halt, along with the rest of the nation, as El Guri, Venezuela’s largest hydroelectric power facility, could see a drop Continue Reading

Halliburton Co. has joined rival Schlumberger Ltd. in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis. “During the first quarter of 2016, Continue Reading

Venezuela’s oil output in the first quarter of the year has fallen more than investors had expected, with a production level expected to remain at a lower level for the Continue Reading

Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co ( GE.N ) as it negotiates private issuances to pay off Continue Reading

Venezuelan bonds tumbled Tuesday after IPD Latin America said the country’s oil production fell more than investors had expected. The yield on the country’s benchmark dollar bond due in 2027 Continue Reading

Venezuela’s imports have plunged 40 percent in the past year, heightening the misery of its beleaguered people, according to estimates by Bank of America Merrill Lynch.  The country, which boasts Continue Reading

On Tuesday, Venezuela shortened its workweek to just two days as the country suffers through a deepening power crisis. Venezuela sources about 60 percent of its electricity from hydroelectric dams, Continue Reading

Eni SpA warned it expects payment delays from Venezuela as the Italian energy explorer faces the same challenges that forced Schlumberger Ltd. to cut back activity in the country with Continue Reading

Few countries need oil’s rally to last more than Venezuela, where the economy’s expected to shrink 8 percent this year and a lack of petrodollars has seen shops run short Continue Reading