Critics of the Biden administration’s decision to allow Chevron to return to its jointly operated oil fields in Venezuela say ...

Canada’s Foreign Minister Melanie Joly warned that proposed U.S. tariffs could force America to rely on Venezuelan oil ...

Canada warns US tariffs on Canadian oil could force America to rely on oil from Venezuela, a country the US avoids.

Venezuela is an oil-endowed country but has sold its oil, facing various challenges occasioned by international bans and other market factors. As a result, the nation has sought other methods to tap ...

ConocoPhillips has launched multiple efforts to collect ICC and ICSID arbitration awards against the Caribbean nation.

U.S. President Donald Trump said on Monday that his administration would likely stop buying oil from Venezuela and was ...

Top Comments Disclaimer & comment rules Demantoid Garnet No surprise here. Venezuela can't keep it's own oil and gas rigs operational, so in comes Russia. They basically own the two oil fields now ...

The Junin 1 oil field is forecasted to have a production of 200.000 bpd China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the ...

and use them as part payment to the government for interests in Venezuelan oil and gas fields. The knocking on Venezuela’s door represents both doom and boom. Failure to open the door will leave the ...

In 2017, the Venezuela’s state-run oil firm PDVSA bought 180,250 barrels per day of crude and refined products and reshipped a portion of it to regional allies. Venezuela's imports Oil as a ...

The United States and Venezuela navigate a complex relationship involving sanctions, oil licenses, and disputed elections.

Other nations had won bigger cuts in new-oil developments, but Venezuela was the first to tear up a 50-50 deal in an established field. Moreover, said Haight, only a month ago, the government had ...