Venezuela

South African national oil company PetroSA expects first oil production from its recently announced Venezuelan project by 2012. PetroSA formed a 40:60 joint venture (JV) with state-run... 2009-10-05

An umbrella organisation representing Venezuela's powerful oil labour unions, Federación Unitaria de Trabajadores del Petróleo de Venezuela (FUTPV) has voted to elect pro-government... 2009-10-02

The Venezuelan energy ministry is allegedly considering softening the terms of the Carabobo licensing round to attract the required level of foreign investment.

A joint venture (JV) between state-run PetroVietnam and Petróleos de Venezuela (PdVSA) plans to begin production from the Junin 2 Block in the Orinoco heavy oil belt by Q211,... 2009-09-29

Chinese state-owned oil companies have started selling petrol via intermediaries to Iran, according to a report in the Financial Times (FT), at a time when other foreign oil companies... 2009-09-24

Colombia's state-run Ecopetrol was expected to resume gas exports to Venezuela on September 21 after three days of scheduled maintenance works, but it remains unclear whether gas... 2009-09-22

While overall refined products market sentiment has improved, thanks to some positive macroeconomic indicators, the glut of distillate stocks has weighed on traders and cast a shadow... 2009-09-17

An 8% fall in crude prices between the end of August and the first week of September gave the fleeting impression that the parlous state of oil market fundamentals had triggered a... 2009-09-16

Caracas and Tehran have broadened their energy co-operation with the signing of three deals during the visit of Venezuelan President Hugo Chávez to Iran on September 6-7. Under the... 2009-09-08

State-owned Petróleos de Venezuela (PdVSA) and British major BP have restarted output at the Petromonagas project in the Orinoco heavy crude belt.