Chevron enjoys unusual sway in socialist-led Venezuela, positioning the energy colossus to gain from whatever comes of the ...

However, turmoil in Venezuela and its worsening economic situation may hit the Orinoco play. “I would not be surprised if these capital contributions (in heavy oil) fall,” says Jorge Pinon, a research ...

Venezuelan President Hugo Chavez continues to raise the stakes in an escalating campaign to wrest control away from private and foreign oil producers that have played a crucial role in developing the ...

Map of Orinoco oil belt by USGS, October 2009. In this article, I attempt to tackle the question of how much oil Venezuela could produce in the short term. That is, if restrictions by the US Treasury ...

(Bloomberg) -- Chevron Corp. restarted drilling in a pristine field in Venezuela in a bid to increase production just as Washington threatens to tighten its grip on the sanctioned country. Work has ...

The Trump administration has announced plans for continued military operations against Latin American drug cartels, following a US strike on a Venezuelan vessel that killed 11 people on September 2.

Oct 2 (Reuters) - Venezuela's oil exports in September topped 800,000 barrels per day (bpd), the second highest monthly average this year, as state-run oil firm PDVSA and its joint ventures recovered ...

CARACAS (Reuters) - Venezuela's new chief prosecutor is investigating "spectacular" overpricing in a dozen contracts in the nation's Orinoco oil belt, accusing his fugitive predecessor of turning a ...

ORINOCO OIL BELT, Venezuela (Reuters) - Venezuela's PDVSA is selling about $50 million a month at a new advantageous foreign exchange rate, while joint ventures with foreign partners are putting in a ...

Crude output in Venezuela's key Orinoco oil belt plunged by a quarter to less than 300,000 barrels per day (bpd) in August due to a shortage of diluents needed to blend with the region's extra-heavy ...