Venezuela

Venezuelan exports of oil products are expected to fall in 2010 owing to greater domestic demand, energy minister Rafael Ramírez told Reuters on February 12.

Venezuela has awarded two out of three of the licences on offer in the Carabobo heavy oil licensing round to two consortia. A Repsol YPF-led consortium has been granted rights to... 2010-02-11

French major Total announced on February 9 that it will invest US$70mn to drill a natural gas exploration well at its Incahuasi Block in southern Bolivia.

The long-awaited Carabobo heavy oil licensing round in eastern Venezuela has attracted bids from two well-heeled consortia, raising the country's socialist government's hope of finally... 2010-01-29

Italy's Eni and Venezuela's state-owned Petróleo de Venezuela (PdVSA) have signed three strategic agreements: a contract for the development of the Junín 5 block in the... 2010-01-27

The finalisation of a deal that would see Venezuela's state-run Petróleos de Venezuela (PdVSA) acquire a 49% stake in the 34,000 barrel per day (b/d) Haina refinery in the Dominican... 2010-01-25

A report by the US Geological Survey (USGS) has claimed that Venezuela's Orinoco oil belt could hold a mean volume of 513bn barrels (bbl) of technically recoverable oil.