Venezuela

Venezuela has finalised an oil exploration and production (E&P) deal in the Orinoco Belt with a consortium of Russian companies. Venezuela's oil minister Rafael Ramírez told... 2009-03-16

Venezuela's state-owned oil company Petróleos de Venezuela (PdVSA) has signed agreements with a number of international oil companies (IOCs) for the engineering phase of the Delta... 2009-03-10

China has capped off an impressive week of deal making by signing an agreement with Brazil to import between 100,000 and 160,000 barrels per day (b/d) of oil in return for loaning... 2009-02-20

US-based Helmerich & Payne (H&P) has halted operations at two of its rigs in response to a US$100mn debt owed by Petróleos de Venezuela

State-owned Petróleos de Venezuela (PdVSA), acting though its Petrosucre joint venture (JV), 'assumed operational control' of Ensco International's offshore rig after the latter... 2009-01-28

Venezuelan President Hugo Chávez has reportedly invited international oil companies (IOCs) to submit bids to develop areas of the Orinoco heavy oil basin.

The Venezuelan energy ministry has announced a 189,000 barrel per day (b/d) cut in production in line with the OPEC output reductions agreed at the organisation's December meeting.... 2009-01-09

Venezuela's energy and oil ministry the Ministerio del Poder Popular para la Energía y Petróleo (Menpet) has added three oil blocks to the licensing round for acreage in the Orinoco... 2008-11-26

Russian state-controlled gas company Gazprom and Venezuelan state-owned oil company Petróleos de Venezuela (PdVSA) have started drilling the first deepwater exploration well on... 2008-11-12

Venezuela intends to announce a licensing round for several oil blocks in the Orinoco Basin by the end of October 2008.