Venezuelan state oil firm PDVSA has asked a US judge to grant it victim status in a bribery case against two businessmen, a news report said.
Venezuela's state oil firm PDVSA said there had been an oil spill in the central Anzoategui state.
Venezuelan President Nicolas Maduro wants to invite the US to OPEC’s next meeting, saying the world’s biggest crude producer should be in on talks to stabilize global crude prices.
Venezuelan bonds plunged the most in almost nine months after state oil company Petroleos de Venezuela SA extended an early deadline for bondholders to exchange notes due next year for longer-dated ones after investor demand fell short of the required level.
Foreign firms involved in Venezuelan oil ventures have threatened to challenge state-run PDVSA’s award of drilling contracts worth $3.2billion, a news report said, citing several unidentified sources.
President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that his oil and foreign ministers will visit producer countries to lobby for price increases ahead of an informal OPEC meeting next month.
Venezuelan President Nicolas Maduro said he spoke to Saudi Arabia’s king about boosting oil prices and is reaching out to the heads of state of fellow producers Russia, Iran and Qatar as his country reels under the crude crash.
PDVSA has signed finance agreement with Halliburton and Weatherford following payment challenges for companies working in the OPEC nation.
Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.
The US Supreme Court has agreed to weigh Venezuela's bid to block a lawsuit filed by an American oil drilling rig company, which claims the South American country seized 11 drilling rigs six years ago.
Four tankers carrying over two million barrels of US crude are stuck at sea and cannot discharge at a Caribbean terminal because Venezuela's state oil company has not yet paid supplier BP.
Venezuela’s warring political factions have restarted efforts to end a bitter political standoff as the country’s economy continues to spiral into deep recession.
Venezuela has introduced a two day week for public sector workers in a bid to prevent an energy crisis.
Venezuela has proposed non-OPEC members who participated in the recent Doha meeting attend the next one in June as observers.
Venezuela's oil minister has warned global oil stocks are almost full with the oil price likely to collapse if producers do not talk.
Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company.
Venezuela’s opposition-controlled National Assembly is questioning the legality of a $500 million deal Rosneft OJSC made with the state oil company to increase its stake in a local oil venture.
A drillship which has been laid up in Venezuela since last year has now been sold.
Swiss regulators have agreed to provide US prosecutors with records from at least 18 banks relating to Venezuela’s state oil company.
President Nicolas Maduro has a new strategy to stave off a major power crisis for Venezuela: a week-long holiday for all workers.
A drillship which has been laid up in Venezuela since last year is set to go under the hammer at auction today.
Rosneft has increased its stake in Venezuela's Petromongas heavy oil joint venture with a $500million investment.
Venezuela President Nicolas Maduro moved to increase the military’s involvement in the country’s oil and mining industries with the creation of a new state company that will report to the Defense Ministry.
Saudi Arabian Oil Minister Ali al-Naimi said he held “successful” talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps producers should take to shore up prices.
Venezuela’s opposition has won a key two-thirds majority in the National Assembly.