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

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

About half a dozen international oil companies are waiting on U.S. government authorization to resume operations in Venezuela ...

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

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.

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.

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 ...

Venezuela still seems willing and able to pay. In the worst-case scenario, PDVSA might use a grace period of a few weeks, as it did last year, in order to pull coins out of the sofa to pay these ...

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 ...

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.

Venezuela's state-run oil company PDVSA has begun loading an Iran flagged large tanker with Venezuelan heavy crude for export, a source with knowledge of the situation said on Tuesday, as ties ...