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Venezuela: The rise and fall of a petrostate

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The Council on Foreign Relations Written by Amelia Cheatham and Rocio Cara Labrado Venezuela’s descent into economic and political chaos in recent years is a cautionary...

U.S. could be easing Venezuela sanctions as Treasury greenlights LPG exports

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The U.S. Department of Treasury granted a sanctions waiver on July 12 allowing U.S. companies to export or re-export LPG supplies to Venezuela, the...

Venezuela’s PDVSA turning to local partners to fill gap left by...

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(Reuters) Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the...

Struggling Venezuela opened door to new South American oil province

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Political instability and economic turmoil in Venezuela have caused its economy and oil industry to collapse. The country’s highest-ever oil production occurred in 1998...

Last major U.S. oil company in Venezuela gets license renewal from...

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(Reuters) Chevron Corporation, the last major U.S. oil company still operating in Venezuela, received a new U.S. government license allowing it to remain in...

Venezuela will need almost $60 billion to return oil industry to...

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Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo...

Why did Venezuela wait 63 years to contest the validity of...

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By Ivelaw Lloyd Griffith – OilNOW In Part I of this series, I examined Venezuela’s recent saber-rattling moves against Guyana, while in the subsequent article...

Venezuela oil production on course to be surpassed by South America’s...

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Even with its vast oil reserves of over 300 billion barrels, Venezuela’s output is now on course to be surpassed by new producer Guyana...

Venezuela oil field shuts down for maintenance, over 300 wells targeted

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Venezuela's state-owned PDVSA has started a maintenance shutdown of its Petropiar oil field located in the Ayacucho block in the Orinoco Belt, according to...

Venezuela would have to think many times before blocking use of...

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The emergence of the oil industry has unequivocally refashioned Guyana's geopolitical importance. But every rise to stardom in the petroleum world will bring its...