Schlumberger and PdVSA Working Things Out
Monday, April 01, 2013 Schlumberger expects to keep working in Venezuela and is on the way to resolving its problems with that nation's state-run oil giant, which owes the oil-service provider hundreds of millions of dollars.
Venezuela's PdVSA Sees Slight Drop In 2012 Income, Revenue
Friday, March 22, 2013 PdVSA saw its net income drop 6.1% to $4.2 billion in 2012 from the previous year and recorded a slight decline in revenue to $124.4 billion, Oil Minister Rafael Ramirez told reporters.
Eni JV Turns on Taps at Orinoco Junin Field
Wednesday, March 13, 2013 PetroJunin JV starts production from the Junin-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world.
Oil Production Started at PdVSA-Repsol Venezuela Venture
Thursday, December 27, 2012 Repsol began oil production at its Petrocarabobo joint venture with PdVSA in the South American country's vast Orinoco heavy oil belt, the company said.
With Chavez Victory, PdVSA to Continue Juggling Business and Social Duties
Monday, October 08, 2012 Tightening polls in the prelude to Venezuela's election sparked hopes that its nationalized oil industry might open up to more private investment and that its state energy company might operate more as a business.
PdVSA Sees Repaying $1.76B Eni Loan in No More Than 3 Years
Wednesday, September 05, 2012 PdVSA will likely be able to repay a $1.76 billion loan from Italy's Eni in no more than three years, a Venezuelan official said.
Doubts Loom Over Venezuela Supplying Orinoco Development Alone
Monday, August 27, 2012 Hundreds of supporters carrying signs saying "Complete Oil Sovereignty" can be seen at just about every stop during a tour President Chavez is conducting of Venezuela's oil fields.
Chavez: PdVSA Takes Steps to Speed Up Orinoco Development
Wednesday, August 22, 2012 PdVSA signed accords with other state companies intended to help speed up development of the Orinoco heavy oil belt and increase the country's oil production, Hugo Chavez said in a televised address.
Venezuela's Perla Field to Hit 300 MMcf/d by 2014
Thursday, August 16, 2012 State oil company Petroleos de Venezuela says offshore Perla field is on target to hit 300 million cubic feet of gas per day by 4Q 2013.
PdVSA to Take Over Rig for Drilling Off Cuban Coast
Monday, August 06, 2012 PdVSA will take over a rig for an exploration project off Cuba's west coast "in the upcoming days" after a Malaysian-Russian consortium was unable to make a commercial discovery, Cuban state newspaper Granma reporter.
Venezuela Opposition Candidate Slams Chavez Oil Deals
Thursday, August 02, 2012 Opposition presidential candidate Henrique Capriles laid out broad plans for Venezuela's oil sector, pledging to revise agreements Chavez's govt has made with certain allies if he wins.
Daewoo E&C Nabs MOU for $10B PDVSA Project
Friday, April 27, 2012 Daewoo Engineering & Construction signs an initial agreement in a consortium with STX Construction for an estimated $10B construction project with PDVSA.
Ecuador, Venezuela Plan Joint Oil & Gas Exploration
Wednesday, April 04, 2012 Petroecuador plans to establish in the coming months an alliance with its Venezuelan counterpart, PdVSA, to explore for O&G in Venezuela, said Petroecuador General Manager Marco Calvopina.
PdVSA Confirms $2B Credit Line Plan with Chevron
Wednesday, March 07, 2012 PdVSA is in the finishing stages of preparing a $2B credit line deal with Chevron which will be used to raise output at one of the companies' JVs in Venezuela.
PDVSA Mourns Loss of Employee
Friday, January 13, 2012 Petroleos de Venezuela (PDVSA) reported Thursday afternoon the death of a worker after the carrier boat Mara-50 sank.
PdVSA To Pay Exxon $255M, Not $908M, In Arbitration Verdict
Monday, January 02, 2012 Venezuela's state oil giant will pay Exxon Mobil $255 million, not $908 million as previously reported, after an international arbitration court rules against PdVSA in Exxon's suit over nationalized assets.
PdVSA Signs $4.5B Gas Supply Contract With Eni, Repsol
Friday, December 23, 2011 Petroleos de Venezuela signs a supply contract with Eni SpA and Repsol YPF SA that will allow for development of Venezuela's offshore Perla gas fields.
Rosneft, PDVSA Team Up in Heavy Oil JV
Thursday, December 08, 2011 Rosneft and PDVSA signed a tentative memorandum of understanding to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.
Petroecuador, PdVSA to Invest $1.27B in Sacha Oil Field
Tuesday, November 01, 2011 Rio Napo, a JV of Petroecuador and PdVSA will invest about $1.27B in the Sacha oil field during the next 15 years, said Petroecuador's GM Marco Calvopina.
Technip Bags Major Gig at Mariscal Sucre Field Offshore Venezuela
Wednesday, September 28, 2011 Technip was awarded a major procurement, installation and operation support contract by PDVSA covering subsea, onshore and offshore facilities, for an accelerated production system on the Mariscal Sucre Dragon develop.