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Venezuela Overview

Venezuela

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Venezuela chaos sparks IOC worries
NEWS
Venezuela - January 24, 2019

Eni and other IOCs said they are watching the situation in Venezuela closely on Thursday, a day after the opposition announced…

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Maduro wins vote amid election boycott
NEWS
Venezuela - May 21, 2018

Venezuelan President Nicolas Maduro was re-elected for a new term of six years in a controversial Sunday vote that fueled fears…

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PDVSA moves to evade seizure
NEWS
Venezuela - May 09, 2018

Venezuela’s PDVSA was forced to divert an oil tanker from Curacao after ConocoPhillips sought to seize its assets on the island, international media reported late on…

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Venezuela arrests mark further energy chaos
NEWS
Venezuela - April 26, 2018

Chevron has evacuated executives from Venezuela after the arrest of company officials Carlos Algarra and Rene Vasquez last week, international media reported on…

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Chevron executives arrested in Venezuela
NEWS
Venezuela - April 18, 2018

Two Chevron executives, Carlos Algarra and Rene Vasquez, have been arrested after a disagreement with Venezuelan NOC PDVSA over procurement, international media…

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Petro raised $735 mln in pre-sale: Maduro
NEWS
Venezuela - February 21, 2018

Venezuela’s new cryptocurrency has raised USD 735 million in the first day of its pre-sale, international media reported on Wednesday.

The Petro, whose price is…

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Venezuela to create oil-backed bitcoin
NEWS
Venezuela - December 04, 2017

Venezuelan President Nicolas Maduro unveiled plans for the “petro,” a cryptocurrency backed by natural reserves, primarily oil and gas, on Sunday.

“Venezuela…

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Venezuela’s PDVSA in credit, gas talks
NEWS
Venezuela - November 23, 2017

Venezuelan NOC PDVSA is negotiating fresh credit lines with top IOCs as well as gas supply deals with Colombia, Aruba and Trinidad and Tobago, international media…

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Venezuela, oil firm in ‘credit event’
NEWS
Venezuela - November 17, 2017

The International Swaps and Derivatives Association ruled on Thursday that Venezuela and its NOC Petróleos de Venezuela (PDVSA) have defaulted on debt and bonds,…

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Venezuela to tap Chinese funds
NEWS
Venezuela - November 18, 2016

Venezuela will draw USD 2.2 billion from its credit line with China in an effort to raise production from its projects with China National Petroleum Corporation (CNPC),…

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