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 ...

Venezuela Takes Over Last Private Oil Fields. This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles ...

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 ...

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 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.

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 .

Spanish oil major Repsol SA expects production to climb with the addition of two oil fields in a joint venture with Venezuela, where the company is exempt from reimposed US sanctions.. The company ...

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.

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 ...

Four major oil companies Wednesday agreed to cede control of Venezuela's last remaining privately run oil projects to President Hugo Chavez's government, but ConocoPhillips resisted, prompting ...