The move appears designed to encourage companies that have projects frozen because of US sanctions, such as Italy's Eni and ...

GL 8N also extends to November 15, 2024, the time for Covered Entities to wind down operations, contracts, or other agreements in Venezuela involving PdVSA Entities that were in effect prior to July ...

The Biden administration is reportedly prioritizing limited oil licenses in Venezuela for companies with existing production.

The U.S. is considering issuing restricted licenses to some oil companies that are already operating in Venezuela, allowing ...

Some companies with long-standing energy projects in Venezuela, including U.S.-based Chevron and France's Maurel & Prom, have ...

The California-headquartered corporation holds minority stakes in four joint ventures with PDVSA and has launched a new drilling plan to boost its current output by 65,000 bpd. Repsol is also set to ...

Luis Fernando Vuteff, 53, was convicted in Miami of playing a supporting role in a money laundering conspiracy involving an ...

The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the ...

Most of Venezuela’s shrimp farms sit on the eastern shore of Lake Maracaibo, a brackish lagoon covering an area larger than ...

Prosecutors in Poland are investigating the loss of about $400-million by Orlen Trading Switzerland in prepayments, mostly ...

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