Skip to Navigation

News: Oil and Gas

Venezuela’s PDVSA Sees Lower Debt in 2017

PDVSA is the Venezuelan government's single largest source of revenue. (AVN)

Venezuelan state oil firm PDVSA revealed Friday it managed to reduce its debt obligations last year.

» read more

Venezuela Begins 95,000 BPD Production Cut Under OPEC Deal

PDVSA will reduce production by 95,000 barrels per day. (PDVSA)

PDVSA began a 95,000 barrels per day reduction in crude output as part of a OPEC-brokered agreement effective January 1. 

» read more

Venezuela Begins Charging in Foreign Currency for Gas Sales Along Border

Gas sales in foreign currency begin along the Colombia-Venezuela border. (AFP)

The policy change is aimed at ending fuel contraband along the border.

 

» read more

Venezuela and Trinidad Sign Landmark Energy Agreements

Prime Minister of Trinidad and Tobago Keith C. Rowley (left) and Venezuelan President Nicolás Maduro (right) (Prensa Presidenci

Venezuela and Trinidad and Tobago signed three agreements Monday focusing on oil and gas production.

» read more

Venezuela Celebrates “Historic” OPEC Deal

Venezuelan Oil Minister Eulogia del Pino celebrates Wednesday’s agreement in Vienna (Euologio del Pino/Twitter).

Venezuela’s Oil Minister Euologio del Pino has branded an OPEC deal to cut production across member states as “another achievement” of the Bolivarian revolution. 

 

» read more

Venezuela Strikes Oil Deals Worth US$1.45 Billion

enezuelan Oil Minister Eulogio del Pino (left) and businessman Oswaldo Cisneros (right) signing the agreements on Friday. (VTV)

Venezuela’s state oil company PDVSA signed the financing agreements with the Indian government’s Oil and Natural Gas Corporation (ONGC) and local company Delta Petroleum on Friday. 

 

» read more

Dakota Pipeline Linked to 'Crushing Venezuela': Winona LaDuke

Winona LaDuke addresses a U.N. conference on discrimination against Indigenous populations in the Americas, Geneva, Switzerland,
The Native American activist said the economic war against Venezuela was a factor behind U.S. fracking and the Dakota pipeline.
 
 

» read more

Venezuelan Parliament Passes New Oil and Mining Laws in First Discussion

Venezuela's National Assembly in downtown Caracas. (archive)

The proposed amendment would reopen Venezuela’s oil servicing sector to private capital, prohibit further expropriations, and mandate the state pay compensation within 180 days. 

» read more

Venezuelan Supreme Court Admits Lawsuit against Mega-Mining Project

Venezuela’s Supreme Court agreed to hear a lawsuit filed against the Orinoco Mining Arc on Tuesday. (Archive)

Venezuela’s Supreme Court announced that it would hear a lawsuit filed by former high ranking cabinet members against a government plan to open 12 percent of the South American nation’s territory to open-pit mining.

» read more

China Denies Allegations of Dialogue with Opposition

Deputy Director of Foreign Ministry Information Department Hua Chunying (South China Morning Post).

The Chinese government dismissed allegations that they met with the opposition after a Financial Times’ recent report stated otherwise.

 

» read more

5 Plead Guilty in Bribery Scandal at Venezuela's PDVSA

PDVSA is a major source of revenue for the Venezuelan government, which is currently struggling with an economic downturn. (AVN)

At least five people in the United States have now pleaded guilty to charges linked to a bribery scandal centred around Venezuelan state oil firm PDVSA, according to reports Wednesday.

» read more

Venezuela’s Maduro Announces String of Emergency Economic Measures

Venezuelan President Nicolas Maduro addressing the nation. (@PresidencialVen)

The economic initiatives include changes to the country’s multi-tiered exchange rate, a rise in the domestic price of gasoline, the implementation of a new tax system, and placing more power over food distribution in the hands of organised communities.

 

» read more

Opposition’s Capriles Wants “Padlock” Law to Halt International Oil Treaties

Capriles proposes eliminating the government’s current international oil policy (Reuters).

Twice presidential candidate for the Venezuelan opposition Henrique Capriles Radonski has revealed that he has proposed a “padlock” law to the incoming opposition parliamentary bloc in the National Assembly. The legislation would prevent the government from negotiating further international oil treaties with other countries. 

 

» read more

US Unable to Supply Caribbean if PetroCaribe Ends, Admits Success of Venezuelan Program

US Deputy National Security Advisor Ben Rhodes. (Kevin Lamarque/Reuters)

Washington warned Caribbean nations Wednesday that the United States would be unable to supply them with oil in the event that that Venezuela’s newly elected opposition-controlled parliament cuts off the flow of subsidized petroleum under the PetroCaribe program. 

» read more

Venezuela’s Maduro: We will Review Relations with US after NSA Spying Revelations

Maduro says that he will conduct a revision of US-Venezuela relations in light of the revelations. (Panorama)

Venezuelan President Nicolas Maduro has announced that his government will review its diplomatic ties to the US, after a leaked document revealed that the National Security Agency had spied on officials at Venezuelan state oil company PDVSA.

 

» read more

Syndicate content