Venezuela | Egypt Oil & Gas - Part 7
Schlumberger Reduces Operations in Venezuela
Schlumberger will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company, FuelFix reported. The reduction will take place in April ...
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, according to a documen...
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, Ecuador&...
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 rese...
Russia, Venezuela Develop Three New Offshore Gas Fields
Russia’s top oil producer Rosneft and Venezuela’s state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas in the South American country, Reuters reported. Each firm wil...
Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output
The global oil market has witnessed first coordinated move in years to boost crude prices. Saudi Arabia and Russia, the world’s two largest crude-oil exporters, said they would halt production increases as long as oth... Venezuela, Saudi Talks Promise No Oil Supply Cuts
Venezuela and Saudi Arabia held talks about mutual cooperation between OPEC members to stabilize the global oil market, currently flooded with a surplus of 2mb/d, reported Reuters. Saudi Arabia’s Oil Minister, A...
Venezuela in Talks with Global Oil Majors to Tackle Low Oil Prices
Venezuela has made four formal proposals to OPEC and non-OPEC states to hold talks in an attempt to summon a joint emergency meeting to tackle the continuously declining oil prices and stabilize the market, Reuters re... 
