Following recent geopolitical shifts, international oil majors are now focusing on exploiting Venezuela's largely untouched natural gas reserves, which could be a faster path to energy development ...

Venezuela has suspended 19 production-sharing oil agreements while reviewing foreign participation under a newly amended ...

Here are key facts about international oil companies in Venezuela, a country with vast oil reserves but dilapidated energy ...

Venezuela can now pay for gas received from Eni with oil thanks to a recent easing of U.S. sanctions, unlocking a situation ...

The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development. By Rebecca F. Elliott Graphic by ...

DUBAI, United Arab Emirates (AP) — Iran named the hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme ...

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

The US-backed reforms to Venezuela’s oil industry will “severely affect the sovereignty of the country,” critics said.

As President Donald Trump seeks to boost U.S. investment in Venezuela’s oil fields, Mexico is poised to export less heavy crude to Gulf refineries, creating an opening for Venezuelan oil.

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 ...

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