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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...

Stakes are high for Guyana and Venezuela in long-standing border controversy

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By Ivelaw Lloyd Griffith - OilNOW In the first article in this four-part series, I focused on Venezuela’s recent saber-rattling moves. In this 2nd part...

Venezuela completes offloading of crude from vessel that was tilting near...

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Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO) Nabarima which has been immobilized...

Venezuela managed to send more crude to China in March despite...

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(Reuters) - U.S.-sanctioned Venezuela managed to ship more crude in March directly to China, its main export destination, even as overall shipments dipped modestly last month,...

Guyana’s geopolitical neighborhood heats up

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By Ivelaw Lloyd Griffith - OilNOW Northern South America is heating up, and not just because of the massive oil fields that have been discovered...

Maduro wants to pay for coronavirus vaccines with oil

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(Reuters) - Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about...