Venezuela

Venezuelan state-owned oil company Petróleos de Venezuela (PdVSA) has said in a statement that it will hold bidding rounds open to private companies for three blocks in the Orinoco... 2008-06-09

Venezuelan President Hugo Chávez and his Portuguese counterpart Jose Socrates have signed a broad bilateral agreement involving the supply of Venezuelan crude to Portugal and collaboration... 2008-05-15

China and Venezuela's energy relationship has taken a step forward, with the news that state companies from both sides have signed joint ventures (JVs) covering oil development and... 2008-05-13

Venezuela has announced that it has increased its proven crude oil reserves by 30bn barrels (bbl), a 30% rise from the government's reserves figure announced in October 2007.

Italy's Eni is very active in the Americas, in exploration and production (E&P), the gas and power sector as well as oilfield services, construction and engineering.

Venezuela's energy minister Rafael Ramírez has said that the government is expecting additional revenues of US$9bn per year following its imposition of a windfall tax on crude production.... 2008-04-16

In spite of fiscal constraints, the recent shortfall in oil production and revenues, plus highly publicised disputes with former industry partners, Venezuela plans to boost its upstream... 2008-04-10

Benin is holding talks with Petróleo de Venezuela (PdVSA) to plan the construction of a huge 500,000 barrel per day (b/d) refinery in the west African country.

Canadian energy group PetroFalcon has shrugged off the myriad challenges facing operators in Venezuela to acquire assets from US-based Anadarko Petroleum for US$200mn, adding... 2008-04-08

The latest in a long line of unwelcome measures to penalise international oil companies (IOCs) has cleared its first hurdle in Venezuela, with lawmakers approving the first reading... 2008-04-04