Venezuela
Political Risk
Venezuela and Trinidad and Tobago (T&T) are preparing to sign an agreement on shared utilisation of the Loran-Manatee gas field, which spans the eastern part of the maritime border...
2010-08-16Industry
BMI View: BP's US$1.9bn asset sale moves the company closer to its US$30bn divestment target as it looks to raise funds to pay its GoM oil spill liabilities. It found a willing buyer...
2010-08-04Industry
Troubled British oil major BP is allegedly in talks to sell its Venezuelan assets to its Russian joint venture (JV) TNK-BP. We believe TNK-BP could buy more of BP's properties over...
2010-07-29Industry
Venezuelan President Hugo Chávez on July 22 broke diplomatic relations with Colombia after Bogotá accused his government of harbouring Colombian rebel fighters, escalating a diplomatic...
2010-07-23Business Environment
Five oil rigs operated by US major Chevron have been earmarked as the next potential expropriation targets in the Venezuelan government's nationalisation drive. On June 23, oil minister...
2010-06-28Business Environment
Venezuela's oil minister Rafael Ramírez has said he will nationalise 11 idle rigs owed by US-based Helmerich & Payne (H&P) as part of his ongoing campaign to eliminate uncooperative...
2010-06-24Business Environment
Nippon Export & Investment Insurance (NEXI) has decided to insure Inpex, Mitsubishi and Japan Oil, Gas and Metals National Corporation (JOGMEC) for their stakes in a Venezuelan...
2010-05-25Industry
The Aban Pearl semisubmersible rig, which was drilling the Dragón gas field offshore north-east Venezuela, sank on May 13 following a failure in its flotation system.
2010-05-14
