Venezuela

Argentina's Enarsa is set to expand its Orinoco portfolio after agreeing to undertake a US$2.2bn joint venture with PdVSA. The lion's share of the funding is likely to come from Argentina's... 2012-01-19

Venezuela has claimed an early victory in its legal battle with Exxon after the ICC ruled the country owes the US oil major just under US$1bn for assets seized during the Chavez government's... 2012-01-04

A US$1.5bn loan could help restore momentum to the the Abreu E Lima project after years of delays. The loan is likely to see China secure valuable crude supplies.

A proposed Venezuela-Colombia oil pipeline project, which was discussed between the two countries' presidents at a meeting in Caracas on November 28, would increase access to Asia's... 2011-11-29

South African oil company PetroSA's Boyaca Block 4 asset in Venezuela holds 1bn barrels (bbl) of recoverable oil-in-place, according to the vice president of PetroSA's new upstream... 2011-11-03

Rosneft's Carabobo-2 deal underscores Venezuela's dependence on Russian investment for its ambitious heavy oil projects in the Orinoco Basin.

Venezuela's gas sector is in dire straits. Worsening shortages at home and an inability to attract investors to fund its ambitious export scheme have seen LNG projects shelved. We... 2011-09-30

Petrobras's planned US$13.6bn asset-divestment plan is a positive step towards bolstering the company's balance sheet as it undertakes the world's largest capital-spending programme.... 2011-08-03

Petrobras's planned US$13.6bn asset-divestment plan is a positive step towards bolstering the company's balance sheet as it undertakes the world's largest capital-spending programme.... 2011-08-03

Venezuela's state-run oil company PdVSA has released its externally audited 2010 annual financial report, prompting questions about the true extent of its preferential crude and refined... 2011-08-01