Venezuela

A report by the US Geological Survey (USGS) has claimed that Venezuela's Orinoco oil belt could hold a mean volume of 513bn barrels (bbl) of technically recoverable oil.

Following the disappointing news that Venezuela's offshore Mariscal Sucre gas project failed to attract a single bid, it has been announced that the country's Carabobo heavy oil licensing... 2010-01-20

International oil companies (IOCs) interested in developing the Mariscal Sucre gas project offshore Venezuela were due to submit their offers on January 15. The much-delayed Mariscal... 2010-01-18

The managing director for Chevron in Latin America, Wes Lohec, has said he believes that the amended terms for the Carabobo ultra-heavy oil auction, which were released by the Venezuelan... 2009-12-04

The Venezuelan government delivered the final terms for the long-awaited Carabobo ultra-heavy oil auction on December 1. While the terms include several regulatory sweeteners intended... 2009-12-02

The government of the Dominican Republic has completed negotiations on the sale of a 49% stake in the 34,000 barrel per day (b/d) Haina refinery to state-run Petróleos de Venezuela... 2009-11-02

The government of the Dominican Republic has completed negotiations on the sale of a 49% stake in the 34,000 barrel per day (b/d) Haina refinery to state-run Petróleos de Venezuela... 2009-11-02

The BMI oil supply and demand assumptions for 2009 and beyond have again been revised for all 67 countries forming part of our detailed coverage, reflecting the changing macroeconomic... 2009-10-20

Spanish major Repsol YPF confirmed the size of the Perla gas discovery off the Venezuelan coast. Production tests at Perla indicate the presence of 159-220bn cubic metres (bcm) of... 2009-10-16

A Russian oil consortium chosen for the development of the Junin 6 Block in the Orinoco heavy oil belt will have to pay a signature bonus of US$600mn, not the US$1bn previously announced... 2009-10-07