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HomeVenezuela

Venezuela

Guyana
Big Oil Companies

Venezuela prepares for vote on border dispute with Guyana over oil-rich territory

November 29, 2023 Stu Turley

‘We support a diplomatic solution’: Guyana defense spokesperson  356,513 soldiers, 120,000 officers to be deployed during voting The Venezuelan government is fine-tuning the details, including the deployment of military personnel, to carry out a Dec. […]

Oil executives flock to Venezuela
Big Oil Companies

Oil executives flock to Venezuela despite sanctions relief uncertainty

November 29, 2023 Stu Turley

World Oil (Bloomberg) – Oil executives are flocking to Venezuela to take advantage of lighter U.S. sanctions, even though there’s a risk that access to the world’s largest oil reserves might snap shut as quickly […]

Chevron
Crude Oil News

Chevron expands Venezuela oil swap deal as sanctions ease

November 18, 2023 Mariel Alumit

Oil Price Following the U.S. sanctions relief on Venezuela’s oil industry, supermajor Chevron has started to supply Venezuelan state oil firm PDVSA with fuels in an expansion of an oil swap deal, Reuters reports, citing sources […]

Venezuela
Crude Oil News

Venezuela in talks with oilfield services firms to revive oil production

November 7, 2023 Mariel Alumit

Oil Price After the sanctions relief from the U.S. last month, Venezuela is in contact with domestic and international oilfield services providers to help it ramp up crude oil production, Reuters reported on Monday, citing sources close […]

Chevron
Big Oil Companies

Chevron to promote Venezuelan oil chief to run Latin American operations following sanctions relief

November 4, 2023 Mariel Alumit

World Oil (Bloomberg) – Chevron Corp. will promote Javier La Rosa to run its operations in Latin America as it builds its presence in the region. La Rosa, who joined the oil giant in 2000, will […]

Big Oil Companies

Oil heavyweights Chevron, Repsol, Eni to benefit from Venezuelan sanctions relief

October 23, 2023 Mariel Alumit

World Oil (Bloomberg) – Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that U.S. sanctions have been relaxed. The surprise move on Oct. 18 allows international companies to apply […]

Price
EIA News

Venezuela’s heavy crude oil output increases are limited following U.S. sanctions relief

October 23, 2023 Mariel Alumit

October 23, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on […]

Aljazeera International

Venezuela: Machado claims victory in presidential primary vote

October 23, 2023 Mariel Alumit

Former lawmaker Maria Corina Machado has declared victory in the Venezuelan opposition’s presidential primary after taking a decisive lead, potentially putting her in prime position to challenge longtime socialist leader Nicolas Maduro at elections next […]

Crude Oil News

Venezuela pursuing former oil clients after US sanctions lift

October 22, 2023 Mariel Alumit

Nasdaq HOUSTON – Venezuelan state-run oil company PDVSA has begun contacting customers with crude supply contracts amid the temporary lifting of U.S. sanctions, two people familiar to the matter said on Thursday, moving to resume cash […]

Senator
Crude Oil News

Senator Manchin slams Venezuelan oil, gas sanction relief, calls for boost in domestic production

October 20, 2023 Mariel Alumit

(Bloomberg) – Senator Joe Manchin condemned the Biden administration’s decision to lift sanctions against Venezuela’s oil and gas sector, arguing the U.S. should instead turn to domestic crude production to fill any shortfall. The administration is looking […]

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