Venezuela

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

Venezuelan national oil company (NOC) Petróleos de Venezuela (PdVSA) has secured a US$1.5bn loan from a group of Japanese banks to expand two of its refineries.

Our forecasts show that Venezuela is set for a decade of rapidly rising oil production as Orinoco Belt heavy oil projects come onstream. This view, however, faces risks from severe... 2011-06-27

Venezuelan national oil company (NOC) Petróleos de Venezuela (PdVSA) has agreed to guarantee a BRL3.6bn (US$2.2bn) loan to finance its portion of the construction costs for the Abreu... 2011-06-07

A rise in Venezuela's oil windfall tax ahead of next year's election is unlikely to scare off any of the foreign companies still operating in the country, which have become accustomed... 2011-04-26

Spanish major Repsol YPF has agreed to farm in to two offshore blocks operated by Colombian national oil company (NOC) Ecopetrol, according to an April 6 Ecopetrol announcement.

Venezuelan oil minister Rafael Ramírez has said that state-run Petróleos de Venezuela (PdVSA) will invest US$4bn in expanding and adding new units to its Puerto La Cruz (PLC) refinery.... 2011-04-01