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 — In the uneasy world of petroleum politics, fears that Venezuela will nationalize its oil industry may not rank at the moment with possible war in Iran or civil unrest in ...

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.

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 ...

Oil drills are seen in Maracaibo Lake in Venezuela's oil rich Zulia state. Chavez's government took over Venezuela's last remaining privately run oil fields in the Orinoco River region on Tuesday.

President Hugo Chavez has tightened his grip on Venezuela's energy resources, following... Venezuela snatches Total, Eni oil fields Chron Logo Hearst Newspapers Logo ...

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.

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.

With the U.S. issuing new sanctions against Venezuela's oil industry this week, President Nicolas Maduro looks increasingly less likely to survive. How could a new government leverage the country ...

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 ...