Venezuela

Venezuela's Perla discovery keeps shining more brightly. Energy and Petroleum minister Rafael Ramírez said on November 3 that the offshore gas discovery, the country's largest-ever... 2010-11-04

Venezuela hopes to bring first output from the Orinoco extra-heavy crude belt onstream in 2011, the country's oil minister said on October 27 2010.

The Venezuelan government is considering a draft law that would ease efforts to further nationalise the country's oil services sector, according to an October 19 Reuters report.

British major BP has inched closer to its US$30bn divestment target with the sale of its Venezuelan and Vietnamese assets to its Russian joint venture (JV) TNK-BP for US$ 1.8bn.

The latest events in the Venezuelan energy sector demonstrate the dichotomy between ideology and pragmatism in Chávez's economic policy.

British major BP has received a green light from the Venezuelan government to start talks over the sale of its assets in the country, Reuters reported on September 26.

Caracas needs to find new sources of oil and boost its export capacity to stay on top of Chinese loan repayments.

Venezuela and Trinidad and Tobago (T&T) are preparing to sign an agreement on shared utilisation of the Loran-Manatee gas field, which spans the eastern part of the maritime border... 2010-08-16

BMI View: BP's US$1.9bn asset sale moves the company closer to its US$30bn divestment target as it looks to raise funds to pay its GoM oil spill liabilities. It found a willing buyer... 2010-08-04

Troubled British oil major BP is allegedly in talks to sell its Venezuelan assets to its Russian joint venture (JV) TNK-BP. We believe TNK-BP could buy more of BP's properties over... 2010-07-29