WorldOil Venezuela can’t find vessels to ship its oil as sanctions bite Exports of sanction-hit Venezuelan oil now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro. Venezuela’s oil woes deepen as Chinese contractor halts work A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies. Chevron lays groundwork for Venezuela exit before waiver expires Chevron appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to extend a waiver allowing it to continue operating in the country. New Citgo chief won’t sell out, making debt reduction a top priority Citgo Petroleum isn’t for sale, says the man named the company’s new leader by the opposition to Venezuelan President Nicolas Maduro. His priority moving forward is to prepare for a return to normalcy. Half of Venezuela’s oil rigs may vanish if U.S. sanctions waivers lapse Almost half the rigs operating in Venezuela will shut down by Oct. 25 if the Trump administration doesn’t extend a 90-day waiver from its sanctions, according to data compiled from consultancy Caracas Capital Markets. China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation. Venezuela importing the most fuel since U.S. sanctions started Venezuela is importing fuel at a rate not seen since the U.S. imposed crippling sanctions on the country and cut off its main supply of foreign gasoline. Chevron warns future Venezuela events may hurt earnings The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings. Chevron wins U.S. extension to keep producing oil in Venezuela Chevron and four oil services companies won U.S. government approval to continue producing oil in Venezuela despite sanctions placed on the crisis-stricken country. Pressure mounts on Trump to end Chevron’s Venezuela presence Pressure is mounting on President Trump to end Chevron’s 100-year presence in Venezuela as he seeks to exert pressure on Nicolas Maduro's regime.