Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to ...

Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA are awaiting authorizations from the U.S.

The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.

Oil markets stayed stuck on the fence Friday after Exxon Mobil and Chevron both posted stronger-than-expected profits, even ...

Chevron has received a renewed, restricted U.S. license to operate in Venezuela under the condition that no payments are ...

Late payments have led tanker operators to halt around 18 vessels needed to carry oil and refined products, two sources said. PDVSA’s crown jewel, Texas-based Citgo, has not been spared.

PDVSA is also at the heart of Venezuela’s geopolitical alliances: 36 percent of its production is used to repay loans to China and Russia, as well as sending crude oil to Cuba and the Caribbean ...

CARACAS/MARACAY, Venezuela (Reuters) - Over a hundred employees at Venezuela's state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign ...

PDVSA's payroll has more than doubled to 115,000 employees since Chávez took office in 1999, and debt has risen 10-fold since 2006 to $34 billion.

CARACAS—State energy giant Petróleos de Venezuela, or PdVSA, will raise $5 billion through a private sale of 10-year bonds to the South American country's public banking sector, the company ...

PdVSA, Venezuela’s national oil company, is expected to offer bondholders $7 billion in new bonds Wednesday in exchange for existing debt, an effort to ease a cash-flow squeeze.