Venezuela

Brazil's state-controlled oil company Petróleo Brasileiro (Petrobras) has ruled itself out of a major Venezuelan gas project, declining to help develop the Mariscal Sucre offshore... 2007-11-01

In a partnership that is guaranteed to trouble the US Bush administration, Iran and Venezuela are to form a US$1bn global oil and gas venture aimed at seizing investment opportunities... 2007-10-19

Venezuela's tax authority Seniat has imposed large back-tax bills on two recently-nationalised heavy oil development projects in the country's Orinoco Belt.

According to a report in Reuters, PetroChina has decided to retool a 1.2GW power plant in southern China to burn coal after Venezuela's state-owned Petróleos de Venezuela (PdVSA)... 2007-08-30

The government of Ecuador has approached the Andina de Fomentor (Andean Development Bank - CAF) and the Inter-American Development Bank for a US$150mn loan in order to boost production... 2007-08-15

Venezuela's President, Hugo Chávez, has stated that state-owned energy company Petróleos de Venezuela (PdVSA) could form a joint venture (JV) with Argentina's state-owned Enarsa... 2007-08-07

Venezuelan state-owned Petróleos de Venezuela (PdVSA) has announced that it is about to start deepwater exploration offshore Cuba alongside Cuba's state-owned Cupet . On one level,... 2007-08-01

US major ConocoPhillips has announced profits of only US$301mn for Q2, a sharp fall from US$3.48bn in Q1 after a write-off US$4.5bn attributable to its decision to withdraw from... 2007-07-26

Venezuela's state-owned PdVSA and Bolivia's Yacimientos Petrolíferos Fiscales de Bolivia (YPFB) plan to start exploring for oil in a national park located in the Amazon next... 2007-07-26

Petróleos de Venezuela (PdVSA), the state-owned energy company, is struggling to attract oil rigs to the country following the imposition of social spending clauses in contracts,... 2007-07-20