Venezuela

Iberian majors Repsol YPF and Galp Energia have announced their interest in the upcoming Carabobo bidding round in Venezuela's heavy oil Orinoco Belt.

In spite of oil prices continuing to trend higher and a mood of inexplicable optimism in the oil markets, we are sticking with our existing assumptions for 2009 and beyond. Talk of... 2009-05-28

Oil field services providers in Venezuela that risk having their assets expropriated following the passage of a controversial law on May 8 2009 will try to directly negotiate with... 2009-05-15

Venezuela's Congress has given final approval to new legislation that will allow the government to nationalise a group of oil services companies, which will further strengthen President... 2009-05-08

Venezuela's Congress has given initial approval to a law that would allow the state to seize the assets of oil services companies operating in Venezuela.

Venezuela has delayed its licensing round for acreage in the Orinoco Basin, according to state-owned Petróleos de Venezuela (PdVSA), with the winners now due to be announced... 2009-04-29

Russia's Gazprom has revealed plans to acquire a 20-24.5% stake in Petroandina, a joint venture (JV) between the national oil companies (NOCs) of Bolivia and Venezuela, which aims... 2009-04-20

Venezuelan president Hugo Chavez has indicated that increased shipments of crude oil from the South American country to China will begin from 2010, according to Tankerworld. BMI analyses... 2009-04-16

Venezuelan and Japanese heads of state Hugo Chávez and Taro Aso signed 12 energy-related agreements in Tokyo on April 6 that will result in greater Japanese involvement in Latin... 2009-04-08

The merchants of doom predicting a continuing decline in oil prices will have been frustrated in the opening quarter of 2009. While macroeconomic news has indeed been consistently... 2009-04-08