Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

It could drill up to 1,250 feet and is one of the 20 ships and rigs Aban owns, according to the company’s website. Agency reports said, Aban Pearl was being operated by Venezuela’s state oil ...

Chevron is holding talks with the Trump administration amid calls by top Republican officials for the company to exit the ...

Venezuela has the largest oil and gas reserves in the world, but produces hardly any of it. The decision to do so is up to the government. If it does nothing, Venezuela's oil might stay in the ...

Robert Rapier is a chemical engineer covering the energy sector. The Wall Street Journal reported this week that Venezuela's oil output in December fell by 11%, to 1.62 million barrels per day (BPD).

Venezuela’s oil exports managed a notable 10.5% climb in 2024, hitting their highest levels since 2019. State oil company PDVSA and its joint venture partners have deftly maneuvered through ...

Dozens of business figures and politicians have been arrested so far this year in a £17bn corruption scandal that has rocked Venezuela and its state-run oil company. Venezuela's Nicolas Maduro ...

The number of oil rigs in the US fell by two in the week ... may dial up pressure on Iran and Venezuela, according to the report. "From a technicals point of view, the market is in overbought ...