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

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

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

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

This development could constitute a departure from the pressure strategy that the US has maintained this year against ...

By Marianna Parraga and Nivedita Bhattacharjee (Reuters) - U.S. producer ConocoPhillips (COP.N) and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies ...

Venezuela's state-run oil company PDVSA is reviewing accounts of Maroil Trading, owned by Venezuelan shipping magnate Wilmer Ruperti, over outstanding debts from petroleum coke supply, five ...

Venezuela's crude exports fell 6 percent in May to 1.168 million bpd following U.S. ConocoPhillips' (COP.N) legal actions to seize PDVSA's assets in four Caribbean islands, according to Reuters data.

Neither PDVSA nor Venezuela’s oil or information ministries or chief prosecutor’s office responded to requests for comment. President Nicolas Maduro has called U.S. sanctions illegal and ...

Venezuela's state-owned oil company Petroleos de Venezuela [PDVSA.UL] has proposed a sweeping industry restructuring to boost the role of private companies, according to a document seen by Reuters ...

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services ...

PDVSA's payroll has more than doubled to 115,000 employees since Chávez took office in 1999, and debt has risen 10-fold since 2006 to $34 billion.