The Cardón refinery, Venezuela's second-largest with a capacity of 310,000 barrels per day, shut down after a power outage ...

To put PDVSA’s depletion rate into perspective, let’s compare it to Exxon’s. At the end of 2015, Exxon’s depletion rate was 8.15% -- which is comparable to most of the world’s major oil ...

Venezuela’s national oil company, PdVSA, is expected to offer bondholders $7 billion in new bonds in exchange for existing debt. A dog walks with its owner in front of a PdVSA gas station in ...

During the Venezuelan general strike of 2002–2003, Chávez fired 19,000 employees of the state oil company Petróleos de Venezuela, S.A. (PDVSA) and replaced them with employees loyal to his ...

Too many oil leaks in President Hugo Chavez administration . Venezuela’s government giant oil corporation sacked half its board of directors Thursday after PDVSA ’s pension fund lost about 500 ...

The deals are part of President Nicolás Maduro’s plan to replace Western oil companies after US sanctions ended their licences.

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 ...

Venezuela's oil ministry instructed most corporate employees of state-run PDVSA (PDVSA.UL) and its subsidiaries to work from home beginning Jan. 8 to avoid the rapid spread of the Omicron variant ...

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 ...

Venezuela's oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal ...

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.