Venezuela | Egypt Oil & Gas - Part 5
Venezuela’s PDVSA Gives Paraguay Deadline to Repay Debt
Venezuela's state oil company, PDVSA, has given Paraguay a 10-day deadline to pay a $287m debt for crudes sales dating back to 2009. However, the country would, for now, only be able to pay 50% of the debt. Venezuela, China Reach Better Oil-for-Loans Deal
Venezuela's crisis-hit economy has been given room to breathe as the oil-exporting country reaches a deal with its main financier China to improve the conditions of an oil-for-loans deal.
Aruba to Reopen Oil Refinery
The Aruban government and Venezuela’s Citgo Petroleum Corp. are finalizing an agreement to reopen an oil refinery that has been shuttered since 2009.
Halliburton Joins Schlumberger in Cutting Venezuelan Activity
Halliburton, the world’s second-largest oil services provider, has joined rival Schlumberger in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis.
Schlumberger Reduces Operations in Venezuela
Schlumberger, the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry, will reduce activity in Venezuela after failing to c ...
Venezuela Launches Largest Oil Tenders Ever
Venezuela's state-run oil company PDVSA has launched one of its largest oil tenders ever, seeking to buy some 8m barrels of US or Nigerian light crude for delivery from April through June.
LatAm Oil Producers Meeting Postponed
A key meeting between Latin American oil producers and exporters planned to unify the region in backing an output freeze or other measures to bolster prices, has been postponed due to scheduling difficulties. Venezuela Faces $5.2b in Debt Repayment in 2016
Venezuela's state-run firm PDVSA faces around $5.2b in payments to bondholders in 2016, a sum that some experts say it will be hard-pressed to meet after the government used nearly all of its available cash reserves ...
