Chevron Corp, the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls Continue Reading
Another slice of Venezuela’s oil production is at risk, and it is very much at the mercy of the U.S. government. When the Trump administration announced sanctions on Venezuelan oil Continue Reading
Venezuela’s state-owned oil company PDVSA plans to indefinitely halt the production of upgraded Orinoco Belt synthetic crudes in August, and instead is converting its upgraders to blending facilities for the Continue Reading
Venezuela, the country sitting on the world’s largest oil reserves, could be pumping as little as below 500,000 bpd of crude oil next year amid the economic and political crisis, Continue Reading
Hope for crisis-stricken Venezuela may be dwindling, but Chevron—who has been steadfastly operating in the country for almost 100 years despite the unattractive business environment—can rest a bit easier today Continue Reading
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s ( CVX.N ) operations in Venezuela, with Secretary of State Mike Pompeo Continue Reading
Power failures have become common in Venezuela as what was once the region’s wealthiest country has plunged into chaos and economic output has more than halved in the last five Continue Reading
Corruption has led to a collapse in productivity at PDVSA, the Venezuelan state oil giant “Ghost ships” laden with oil are plying the Caribbean between Venezuela and Cuba as private Continue Reading
A recent blackout in Venezuela disrupted operations at PDVSA’s 940,000 barrel-per-day refining complex, threatening to exacerbate fuel shortages that have already become commonplace in the country. The incident came after Continue Reading
Growing potatoes and carrots high in the wind-swept mountains of western Venezuela had always proven a challenge for Luis Villamizar. But as oil production in the South American country has collapsed Continue Reading
