Venezuela

Trump’s deal for US access to a fifth of Venezuela’s oil reserves is raising red flags for some producers wary of a businessman’s role, sources say.

About half of Venezuela’s oil output now goes to the United States, with refineries taking more than 500,000 barrels a day, a US official says.

KEY POINTS British energy giant Shell has signed a major agreement with Venezuela to advance the development of the Loran offshore natural gas field, which holds an estimated seven trillion …

KEY POINTS The Chief Executive Officer of Chevron Corporation, Mike Wirth, has said that while recent changes to Venezuela’s oil policies signal progress, more reforms are needed to fully revive …

KEY POINTS International energy giants Chevron and Royal Dutch Shell are on the verge of finalizing their first large‑scale oil production agreements in Venezuela since a significant political transition in …

KEY POINTS Global energy company Shell has signed a series of oil and gas agreements with the Venezuelan government that pave the way for development of the long-delayed Dragon offshore …

KEY POINTS The decision by Chevron to remain in Venezuela through years of political turmoil, sanctions and economic collapse is now placing the US oil major at the centre of …

President Trump announces a 25 percent tariff on countries buying Venezuelan oil and gas, with China being the largest buyer.

The fight to acquire Citgo Petroleum, the seventh-largest oil refiner in the United States, has intensified. A court overseeing the auction of shares in Citgo’s parent company, Venezuela’s PDVSA, is …

Citgo’s Corpus Christi refinery, previously considered the least profitable, is now a hot ticket due to its location and potential for growth. The deadline for bids in the court-ordered auction …