Venezuela

Latest News and Press Releases

South America

Venezuela Awards Two Carabobo Licenses

15 February 2010

The Venezuelan government has awarded two out of three of the licences on offer in the Carabobo heavy oil licensi...

South America

Chevron Awarded Rights to Develop New Venezuelan Energy Project

11 February 2010

Chevron Corporation announces that a consortium led by its Venezuelan subsidiary has been selected to negotiate its part...

South America

Venezuelan Licensing Auction Registers Interest From Two Major Consortiums

01 February 2010

Venezuela's long-awaited Carabobo heavy oil licensing round in the east of the country has attracted bids from tw...

South America

Venezuela and Eni Ink Trio of Deals

28 January 2010

Venezuela's state-run Petroleo de Venezuela (PdVSA) has signed three separate strategic agreements with Italian oil indu...

South America

Venezuela Puts Breaks on Dominican Republic Refinery Deal

25 January 2010

The Venezuelan government has discarded negotiations to purchase a 49% stake in the Dominican Republic's only oil refine...

South America

Technip Awarded a Front End Engineering Design Contract in Venezuela

06 January 2010

Technip has been awarded by Polimerica* a reimbursable contract to perform the front end engineering design (FEED...

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More Headlines from Venezuela

South America

Venezuela Releases Terms on First Oil Tender in a Decade

03 December 2009

The Venezuelan government is reported to have delivered the final terms for its long-awaited, 1.2 million barrels per da...

South America

Venezuela Assumes Operational Control Over Tavsa

18 November 2009

Tenaris S.A. announces that pursuant to Decree Law 6058 and Decree 6796, Venezuela, acting through PDVSA Industrial S.A....

South America

Harvest Natural Resources Announces Increases in Venezuelan Reserves

21 October 2009

Harvest Natural Resources, Inc. announces an increase in reserves attributed to Petrodelta, S.A. (Petrodelta), Harvest's...

South America

Eni Announces Giant Gas Discovery Offshore Venezuela

17 October 2009

Eni made a world class gas discovery at its Perla field, in the shallow water of the Venezuelan offshore, successfull...

South America

Venezuela Assumes Operational Control Over Matesi

20 August 2009

Tenaris S.A. announces that Venezuela, acting through the transition committee appointed by the Venezuelan Ministry of B...

South America

Venezuelan Oil Chief Warns Workers They Must Become Socialist

16 July 2009

A warning by Venezuelan President Hugo Chavez that workers in the oil sector who do not hold a socialist doctrine of bel...

South America

Venezuelan State Oil Company Forced to Borrow to Pay Mounting Contractor Debts

25 June 2009

The Venezuelan state-owned oil company, Petroleos de Venezuela (PDVSA), is in troubled waters, after having been forced ...

South America

Venezuela Nationalises 39 Foreign Oil Service Companies

12 May 2009

As many as 39, and rising, Venezuelan oil service providers have been expropriated after the national government passed ...

Worldwide

Harvest Natural Resources Announces First Quarter 2009 Results

08 May 2009

Harvest Natural Resources, Inc. announces 2009 first quarter earnings and provides an operational update. Harvest...

South America

PetroFalcon Provides Operational Update

05 May 2009

For the three months ended March 31, 2009, PetroFalcon Corporation reported a net loss of US$1.6 million (loss per share...

South America

JOGMEC and PDVSA Sign MOU and Joint Study Agreement

12 April 2009

Memorandum of Understanding between JOGMEC and PDVSA JOGMEC and PDVSA have signed a Memorandum of Un...

South America

Harvest Natural Resources Provides Update on Venezuelan Operations

27 February 2009

Harvest Natural Resources, Inc. today provided an update on operations of its 32 percent owned Venezuelan affiliate, Pet...

South America

Low Oil Prices Set to Determine Chavez's Future

12 February 2009

The price of a barrel of oil directly affects levels of investment in the oil industry, to global demand figures for cru...

Worldwide

Harvest Natural Resources Operational Update and 2009 Planned Expenditures

13 January 2009

Harvest Natural Resources, Inc. announces guidance for its 32 percent owned Venezuelan affiliate, Petrodelta, S.A.(Petro...

South America

PetroFalcon Update on Chevron Cardon III Exploration Block, Venezuela

05 January 2009

Vinccler Oil and Gas, the wholly-owned subsidiary of PetroFalcon Corporation, has terminated the agreement to acquire a ...

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