Venezuela no longer has any operational oil rigs after the last oilfield services firm that was still drilling for oil...
Oil production
Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as...
"The supply cuts from Saudi Arabia and sanction-induced cut in exports from Venezuela have prompted Indian refiners turn to Iraqi...
Chronic underinvestment, mismanagement, and a political agenda have been hurting the Venezuelan hydrocarbon industry for years. Pain was aggravated last...
Even though there are several international companies still remaining in the country, they are not investing in any relevant manner...
The National Council Area Chapter of the U.S. Association for Energy Economics (NCAC-USAEE) held a public online event on July 1, 2020...
Venezuela's state-owned PDVSA and US-based Chevron restarted production of extra-heavy crude in the Orinoco Belt at their Petropiar joint venture,...
Baker Hughes’ data indicates that Venezuela did not have a single oil rig in operation during June – unprecedented in the country’s...
Crude production by state-owned Venezuelan oil company PDVSA and its international partners almost halved during June to 280,000 b/d because...
PDVSA production fell 32% in June to 422,400 barrels a day. Steepest decline came from Orinoco belt, down 137,000 barrels. By...
