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

Venezuelan officials have dismissed statements from US counterparts that the country will not benefit from Chevron’s activities.

The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with ...

Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S ...

According to vessel tracking data and internal company documents, Venezuela’s oil exports dropped around 10% in July from the previous month. The fall comes when major partners of the state oil ...

Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by ...

Bondholders who choose not to participate in PdVSA’s $5.3 billion exchange offer “are playing a dangerous game they can end up losing,” Eulogio del Pino, the president of the firm, said in ...

PdVSA, Venezuela’s national oil company, is expected to offer bondholders $7 billion in new bonds Wednesday in exchange for existing debt, an effort to ease a cash-flow squeeze.

Also, PDVSA-Bitor was facing possible future restrictions on the commercial availability of the new surfactants. For this new formulation, PDVSA-Bitor tested more than 10 surfactant packages.

Venezuela's oil giant PdVSA was late on a coupon payment for its 2035 bonds and provided no explanation for it. The market quickly saw it as a solvency issue, bond prices fell, Nicolas Maduro, the ...

B y Miluska Berrospi NEW YORK, Oct 10 (IFR) - One of the largest holders of the 2020 bond issued by Venezuelan oil company PDVSA is bracing for a possible default later this month on what is the ...