Venezuela ///

Equinor and TotalEnergies exit key Venezuelan JV project

French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country’s energy industry has withered.

Venezuela ignores U.S. sanctions in quest to increase oil output

Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power.

Venezuela’s oil boss projects soaring output, despite crumbling infrastructure and U.S. sanctions

“They blocked us, they sanctioned us, they stole all our foreign assets,” said Venezuelan oil minister Tareck El Aissami. “Without any financing, with our own money, we’ve been able to invest enough to stop the slide and start a gradual recovery.”

Biden rejects Maduro’s call for the U.S. to end Venezuela sanctions

President Joe Biden’s administration rejected Nicolas Maduro’s call for relief from U.S. sanctions, saying the Venezuelan leader needs to do more toward restoring democracy before penalties would be lifted.

Biden administration grants Chevron another Venezuela sanctions waiver

Chevron and top American oil-service companies won an extension to keep a limited presence in Venezuela despite U.S. sanctions intended to starve President Nicolas Maduro’s regime of petrodollars.

Six Citgo executives held in Venezuela released to house arrest

Six senior executives of Citgo Petroleum Corp. who have been detained by the Venezuelan government since 2017 were transferred from prison to house arrest, according to a person familiar with the matter.

Chevron, Reliance request U.S. unwind some Venezuela oil sanctions

High on the agenda for the U.S. and Indian oil companies: reinstating transactions known as oil swaps that would allow companies to receive Venezuelan crude in exchange for supplying diesel fuel.

Millions of barrels of sanctioned Venezuelan crude finding their way to China

The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It involves “doping” the oil with chemical additives and changing its name in the paperwork so it can be sold as a wholly different crude without a trace of its Venezuelan roots.

Maduro consolidates power with new Venezuelan National Assembly

Since taking over for Hugo Chavez in 2013, Nicolas Maduro has resisted efforts to force him out, presiding over a precipitous deterioration of the oil-rich country.

Biden prepares to tackle fossil fuels in the U.S. and abroad

Joe Biden's cabinet picks, and his interest in working with China to stage elections in Venezuela, will make 2021 a transformative year for fossil fuels.

All carrot, no stick: Biden seeks negotiations with Venezuela’s Maduro and his allies

The Biden administration signaled an intent to push for free and fair elections in Venezuela, offering sanctions relief in return. Maduro’s foreign backers, including Russia, China and Iran, are expected to play a role, as will Cuba, which is keen to improve relations with the U.S.

Maduro names new PDVSA leadership following “energy emergency”

Venezuela’s President Nicolas Maduro named new executives at PDVSA, a week after declaring an “energy emergency” and appointing a commission to revamp the state oil company.

Maduro declares “energy emergency”, shakes up PDVSA leadership

Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil industry.

Chevron gets another extension to continue Venezuela operations

Chevron and four oilfield service providers won U.S. government approval to continue working in Venezuela for 90 days, allowing the companies’ access to the world’s largest reserves of crude despite sanctions on the crisis-stricken country.

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.