Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Venezuela

Venezuela Articles
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Industry

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


Business Environment

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


Business Environment

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


Business Environment

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


Industry

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.

2010-05-14

Companies

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


Industry

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


Industry

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


Political Risk

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


Political Risk

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.

2010-02-15
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