Venezuela

Oil market fundamentals remain unattractive. Demand refuses to recover. The US driving season was a non-starter, with gasoline consumption much lower than had been hoped. Industrial... 2009-08-17

Having led the way among refined products on the hopes of a strong US driving season, the strength of gasoline has been undermined by stock data and disappointing demand. In July,... 2009-08-17

An umbrella organisation representing Venezuela's powerful oil labour unions, Federación Unitaria de Trabajadores del Petróleo de Venezuela (FUTPV), is gearing up for landmark leadership... 2009-08-14

State-owned Petróleos de Venezuela (PdVSA) and Spanish major Repsol YPF have completed a joint reserves assessment for the Junin 7 field in the Orinoco heavy oil belt. Using data... 2009-08-11

Petróleo Brasileiro (Petrobras) and Petróleos de Venezuela (PdVSA) have reached agreement over the Abreu e Lima refinery that is currently being built in the state of Pernambuco... 2009-08-10

News: US-based services group Helmerich & Payne (H&P) has published its financial results for Q309, which ended June 30 2009.

The Japan Bank for International Co-operation (JBIC) is in the process of reviewing a US$1.5bn loan to upgrade the Puerto la Cruz and El Palito refineries in Venezuela, according... 2009-06-23

London insurer Lloyd's has withdrawn maritime 'war risk' policy cover for Venezuela, the first such exclusion of a Latin American country for 20 years. The move is the latest sign... 2009-06-18

News: US major Chevron has announced that its Cardon III well, located in the offshore Gulf of Venezuela, failed to encounter oil and gas reserves.

State energy company Petróleos de Venezuela (PdVSA) will enter into a joint venture (JV) with a consortium of Russian companies to develop two blocks in the Carabobo area of the... 2009-06-04