Category: Venezuela

What’s the status of international oil companies in Venezuela after Maduro’s capture?

Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign... Continue Reading →

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U.S. has assured Guyana of support for territorial integrity, amid tensions with Venezuela – VP Jagdeo 

Dec. 19 (oilnow.gy) Guyana’s Vice President Bharrat Jagdeo said on Thursday that the United States has assured Georgetown it will support and protect the country’s territorial integrity, including American assets operating in Guyanese waters, amid heightened tensions between Washington and Caracas. During a press conference in Georgetown, Jagdeo responded to questions about the possibility of... Continue Reading →

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U.S.-Venezuela Tensions Intensify Regional Energy Risks

Nov. 3 (oilprice.com) U.S.-Venezuela tensions are again rippling through energy and security markets, prompting President Donald Trump to rule out immediate military strikes while maintaining a buildup of American naval assets in the Caribbean.  His comments followed reports of U.S. patrols and maritime interdictions targeting narcotics routes linked to Caracas, a campaign that has drawn... Continue Reading →

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Venezuela to Suspend Energy Agreements with Trinidad

Oct. 27 (Reuters) Venezuela's oil ministry will ask the presidency to suspend a wide cooperation agreement with Trinidad and Tobago for energy development, including joint gas projects in negotiation, the South American country's oil minister said. Trinidad's previous government had been planning numerous joint gas projects with Venezuela, including the 4.2 trillion cubic feet Dragon... Continue Reading →

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