A global diaspora of oil workers holds the key to the country’s recovery, but many still don’t trust the government.

Following recent geopolitical shifts, international oil majors are now focusing on exploiting Venezuela's largely untouched ...

By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS, March 10 (Reuters) - International oil majors Chevron and Shell are ...

Chevron (CVX) and Shell (SHEL) are close to securing the first big oil production deals with Venezuela since the U.S. capture of President Maduro in January, Reuters reported Tuesday. Chevron (CVX) ...

Add Yahoo as a preferred source to see more of our stories on Google. An abandoned and inoperative oil pumpjack stands in the oil-rich Maracaibo region of western Venezuela. The pumps that brought ...

Acting President Delcy Rodriguez said the agreements aim to enhance gas production at Cardon IV, a 50-50 Repsol-Eni venture.

Shell confirmed it has inked deals with Venezuela to explore development of the country’s oil and gas reserves, less than a ...

Often lost in the rapidly evolving situation in Venezuela is the long history of the country’s petroleum industry and its lessons for industrial policy. The nation’s enormous resources have played a ...

At number one is Venezuela, which holds the title of having the largest proven oil reserves in the world. Despite such an ...

The pumps that brought prosperity from deep in the Earth's crust are now mostly rusted relics of a storied past. The buildings that housed a prideful labor force are vandalized, colonized by squatters ...

This is read by an automated voice. Please report any issues or inconsistencies here. President Trump has vowed to bring back Venzuela’s once-booming oil industry. But that will likely be a long slog.