Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to ...

Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.

About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA are awaiting authorizations from the U.S.

About half a dozen international oil companies are waiting on U.S. government authorization to resume operations in Venezuela ...

Chevron has received a renewed, restricted U.S. license to operate in Venezuela under the condition that no payments are ...

Chevron has received a restricted U.S. license allowing operations in Venezuela, with conditions preventing oil proceeds from ...

Venezuela produced 1.01 million barrels per day (bpd) of crude from January through November 2019, according to data reported to OPEC. Industry sources estimated it was at least 20% less.

Venezuela has some of the world's largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S ...

Late payments have led tanker operators to halt around 18 vessels needed to carry oil and refined products, two sources said. PDVSA's crown jewel, Texas-based Citgo, has not been spared.

Venezuela's state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due ...

Venezuela was Chevron’s third-largest provider of crude oil in 2018, following domestic sources and Mexico. Venezuela accounted for the largest share of Chevron’s expansion in shipments, at ...