Venezuela Overview

Venezuela has secured a loan from China worth $5 billion to aid the country’s oil industry.

President Nicolas Maduro, speaking in Beijing during a tour to promote…

A gas treatment plant of state oil company Petróleos de Venezuela (PDVSA) in the Cardon IV block, was hit by an explosion Monday evening, though the resulting fire was…

Spanish energy company Repsol and Italy’s Eni have begun shipments from gasfields offshore Venezuela to onshore facilities, with the first shipment completed over the…

Spanish major Repsol announced Monday that has begun the first producing well at the Perla gasfield located 50 kilometres offshore the Gulf of Venezuela.

The Perla…

Eni has started production from the giant Perla gasfield in the Gulf of Venezuela.

The event marks the first gas produced offshore Venezuela.

Perla is located in…

Venezuela’s state oil company has signed an agreement with Russia’s Rosneft to form a joint venture to produce natural gas.

Petróleos de Venezuela (PDVSA) will…

Venezuela and Rosneft, Russia’s top oil producer, have struck a deal worth $14 billion in investing in the South American country’s oil and gas industry. Venezuela…

Iran’s deputy oil minister has said that <a href='https://theenergyyear.com/companies-institutions/opec/’>OPEC is unlikely to implement a production cut at…

In a bid to compete with growing supplies of North American oil and gas, Venezuela has proposed a plan under which its heavy crude would be blended with lighter oil…