A U.S. court officer has selected miner Gold Reserve's$7.38 billion bid as the preliminary winner of an auction of shares in ...

A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

When it comes to oil importers, the US and China are the top two. Despite having their own oil reserves, their huge energy ...

After at least three consortia revised their bids in June and a U.S. Court completed the second round of bidding in an auction of shares of Citgo ...

Since 2022, under President Nicolás Maduro, Venezuela has dramatically escalated its rhetoric and actions—announcing referenda, redrawing maps, and even moving military assets toward the border.

Venezuela, by contrast, commands over 100,000 troops, around 200 tanks, dozens of combat aircraft, and a sizable paramilitary force—making any conventional war a one-sided affair.

Before-tax NPV10 for Proved (1P) reserves to U.S.$261 million representing NPV10 of C$2.34 per share. Before-tax NPV10 for Proved plus Probable (2P) reserves to U.S.$393 million representing NPV10 ...

Venezuela has been producing oil since 1914, but what's known as "the resource curse" really set in when the charismatic and controversial Hugo Chávez was elected president in 1998.

Countries with the largest oil reserves continue to play a pivotal role in shaping the world’s energy markets and geopolitical strategies. By Precious Osadebe As of 2024, the global distribution ...

Venezuela, Saudi Arabia, and Canada are the three leading countries with the most oil reserves. Industry leader BP estimates that there are 1.73 trillion barrels of oil reserves globally.

The uncertainty Venezuela has created has succeeded in paralyzing many aspects of Guyana’s oil industry, and Maduro might hope to get territorial concessions or money in return for staying still.

Venezuela signed a contract with London-based firm Geoex MCG to map the country’s gas reserves, Oil minister and Petróleos de Venezuela head Pedro Tellechea said Friday in a post on X. NOTE: PDVSA had ...