A Swiss unit of Polish refiner Orlen paid two Dubai-based intermediary companies $330 million for Venezuelan oil, but ...

Defaulted bonds of Venezuela’s state-oil company are undervalued and should be trading at levels closer to sovereign notes, according to Seaport Global.

Blockchain security platform MistTrack announced that Tether had frozen $5.2 million in the USDT stablecoin belonging to 12 ...

The head of logistics, procurement, and warehousing for Petróleos de Venezuela SA will remain in custody pending his trial on claims that he was part of a conspiracy to evade US sanctions against the ...

Venezuela’s state-owned oil company is objecting to the bidding process for the court-ordered sale in July of a unit, PDV Holding, that owns the US-based refiner Citgo Petroleum. Lawyers for ...

The United States has extended a general license through November 15, allowing certain transactions with Venezuelan state oil ...

PDVSA said a separate court fight has yet to determine the extent of claims by holders of the defaulted bond that matured in 2020. The special master’s process assumes that those holders will ...

PDVSA has had to resort to middlemen to market its oil and this has created complications with payments. The reviews will be taking place under the new head of the Venezuelan oil giant.

By this GL, OFAC requires by May 31, 2024, the wind down of transactions involving Venezuela’s state-owned energy company Petróleos de Venezuela, S.A. (“PdVSA”) or any entity in which PdVSA owns, ...

United States authorities have indicted 10 people for breaching sanctions against Petróleos de Venezuela SA (PDVSA), one of them a Venezuelan military official, the Department of Justice (DOJ ...

A joint venture (JV) between Chevron Corporation CVX, a U.S. oil giant, and Venezuela's state oil company PDVSA has initiated its new drilling campaign. This is part of CVX’s plan to ...

For its part, state oil company PDVSA reported 877,000 daily barrels produced last month, up from 841,000 in January. Nevertheless, exports have not increased accordingly due to shipping delays and ...