Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in ...

Venezuela's production of 908,000 barrels a day is close to that of Oman, a minor oil exporter among its peers in the Middle East. In the golden era of the 1990s, in comparison, Venezuela pumped ...

CARACAS, VENEZUELA - President Hugo Chavez has tightened his grip on Venezuela's energy resources, following through on threats to punish international companies that resist government control of ...

Venezuela's state-run oil company, Petroleos de Venezuela SA, announced the discovery of a new oil field with reserves of more than 350 million barrels of light crude oil. Preliminary drilling on ...

Venezuela Covets Guyana’s Oil Fields. Share. Resize. Listen (2 min) Advertisement. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by ...

Faced with a severe economic crisis, the country’s leader, Nicolás Maduro, is letting foreign firms take over daily operations of its oil fields. It’s a break with core tenets of his ...

Venezuela is in contact with energy companies to exploit the Plataforma Deltana gas field near Trinidad and Guyana as it steps up pressure on the latter over a territorial dispute, Reuters reported.

37,000 Football Fields. The spill, which has been affecting the area for several days according to L'independent, ... near the El Palito refinery—one of Venezuela's largest oil refineries.

Chevron Corp. restarted drilling in a pristine field in Venezuela in a bid to increase production just as Washington threatens to tighten its grip on the sanctioned country.

Chevron Faces Tough Job Restarting Venezuela’s Damaged Oil Fields. Executives seek to calculate how much crude the country can produce after years of infrastructure neglect. By .

Venezuela’s strongman Nicolás Maduro is looking for a replacement for Chevron in the country, following the Trump administration decision to revoke the oil company’s license.