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US Court Blocks Exxon from Collecting Venezuela Award

PDVSA is the single largest source of income for the Venezuelan government, which is facing its deepest economic crisis in two d

A US appeals court blocked Tuesday the enforcement of a multi-million dollar award against Venezuelan state oil firm PDVSA, citing procedural concerns.

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Venezuelan Finance Minister Assures PDVSA Will Pay Out 2017 Bonds

Economy Vice President Ramón Lobo. (@RamonLoboPSUV)

Minister of Finance, Industry and Commerce Ramón Lobo confirmed in an interview this week that Venezuela will meet its debt payments for 2017 in light of this year’s rise in global oil prices.

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Venezuela Seals Gas Pipeline Deal with Trinidad & Tobago

PDVSA President Eulogio Del Pino signs the pipeline deal with National Group Gas on Wednesday. (AVN)

The multimillion dollar pipeline will reportedly link Venezuela’s Dragon and Mariscal de Sucre fields, located on the northern coast of eastern Sucre state, with the Hibiscus gas field in Trinidad.

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Venezuela’s Latest Victory in Exxon Case?

World Bank to Reduce Venezuela Payout in Exxon Case

Venezuela has been locked in a legal battle with Exxon Mobil for a decade. (Jason Reed/Reuters)

A World Bank tribunal partially overturned a US$1.6 billion ruling against Venezuela over the nationalisation of Exxon Mobil assets.

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Venezuela and Jamaica Sign Deal to Upgrade Kingston Refinery

Venezuelan Oil Minister Nelson Martinez and Jamaican Minister for Science, Energy and Technology Andrew Wheatley sign the much a

The upgrade will enable the Jamaican government to meet its domestic demand for oil.

 

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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.

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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.

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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. 

 

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China and Venezuela Sign $2.2 Billion Deal to Boost Oil Output

PDVSA President Eulogio del Pino signs agreement with his Chinese counterpart. (AVN)

Venezuelan state oil company PDVSA signed a US $2.2 billion investment deal Thursday with China’s National Petroleum Company (CNPC) to increase production by 227 thousand barrels per day (BPD).

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