Venezuela

Venezuela's Amuay refinery, part of the Paraguana complex, has suffered a series of accidents and fires over the past few months, prompting national energy group PdVSA to invest in... 2006-07-20

A long overdue reality check by Venezuela's state-owned PdVSA has seen the country's oil output assumptions tumble. In the new PdVSA 2006 budget, the company is now forecasting production... 2006-05-17

The Venezuelan legislative has approved new contracts to be signed between national oil firm PdVSA and foreign firms, bringing to an end weeks of uncertainty and allowing international... 2006-05-05

The Venezuelan government appears to be gearing up for a further round of tax increases and contract migrations, with legislation likely in the next few months and certainly before... 2006-04-24

The Venezuelan government is planning to invest some US$800mn-US$1bn on a derelict Cuban refinery, completing construction work first started using funding from the Soviet Union during... 2006-04-12

UK oil major BP has become the latest international oil company (IOC) to be presented with a back-tax demand from Venezuela's tax authority Seniat. The group has to pay a reported... 2006-03-27

US oil major ExxonMobil has been forced to suspend production at its La Ceiba field in Venezuela after national oil firm PdVSA refused to continue transporting oil from the concession.... 2006-03-23

Venezuela's Oil Minister Rafael Ramirez has continued his hard-line rhetoric by urging heavy oil upgraders in the Orinoco river belt to increase production levels. Such comments are... 2006-03-03

The presidents of Venezuela, Brazil and Argentina are due to meet next week to discuss a proposed 8,000km pipeline from Caracas to Buenos Aires, potentially reaching a concrete agreement... 2006-03-01