Venezuela

Venezuelan President Hugo Chávez on July 22 broke diplomatic relations with Colombia after Bogotá accused his government of harbouring Colombian rebel fighters, escalating a diplomatic... 2010-07-23

Five oil rigs operated by US major Chevron have been earmarked as the next potential expropriation targets in the Venezuelan government's nationalisation drive. On June 23, oil minister... 2010-06-28

Venezuela's oil minister Rafael Ramírez has said he will nationalise 11 idle rigs owed by US-based Helmerich & Payne (H&P) as part of his ongoing campaign to eliminate uncooperative... 2010-06-24

Nippon Export & Investment Insurance (NEXI) has decided to insure Inpex, Mitsubishi and Japan Oil, Gas and Metals National Corporation (JOGMEC) for their stakes in a Venezuelan... 2010-05-25

The Aban Pearl semisubmersible rig, which was drilling the Dragón gas field offshore north-east Venezuela, sank on May 13 following a failure in its flotation system.

The state-owned oil and gas companies of Venezuela and Cuba have agreed to create a joint venture (JV) called Petrolera Vencupet to explore for oil and natural gas in two states... 2010-04-26

China has agreed to provide Venezuela with US$20bn for energy and infrastructure projects in one of the largest ever oil-for-loans deals in Latin America. In return for Beijing's... 2010-04-19

A Japanese company has offered Venezuela a US$1bn loan to develop the large Mariscal Sucre offshore gas project, energy minister Rafael Ramírez told Venezuelan media on April 7.... 2010-04-08

State-run Petróleos de Venezuela (PdVSA) may be forced to abandon its refinery on the Caribbean island of Curaçao because of the US military presence on the Dutch-governed territory,... 2010-03-01

Venezuelan exports of oil products are expected to fall in 2010 owing to greater domestic demand, energy minister Rafael Ramírez told Reuters on February 12.