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(Bloomberg) -- Chevron Corp's oil production in Venezuela has reached 100,000 barrels a day and could rise 50% this year, Chief Executive Officer Mike Wirth said in an earnings call Friday. READ ALSO: Chevron's Venezuela Oil Output Jumps 80% After Sanctions Relief ©2023 Bloomberg L.P. [Extracted from the article]

A journey in November to the Paraguana peninsula that is home to PDVSA's Cardon and Amuay refineries showed how far Venezuela has fallen. The European oil majors that helped Venezuela develop its tar fields in the late 20th century are unlikely to return even if Biden precipitates a Maduro exit. [Extracted from the article]

Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Also See: One Stranded Tanker Signals Perils of Trading With Venezuela Several vessels that transported fuel to Venezuela earlier this year, including Fortune and Horse, turned off their satellite signal at least ten days ago, according to Bloomberg tanker-tracking data. Consequently, the two nations are also discussing ways for Iran to help Venezuela overhaul its Cardon refinery, the last fuel plant there to operate more or less regularly, people with knowledge of the situation said. [Extracted from the article]

(Bloomberg) -- Chevron Corp.'s willingness to keep a foothold in oil-rich Venezuela will now be a thorny political issue for President-elect Joe Biden to sort out. 100 Years Chevron started exploring for oil in Venezuela about a century ago. [Extracted from the article]

(Bloomberg) -- Chevron Corp. has won more time in Venezuela and is now waiting on President-elect Joe Biden to see if duking it out in the oil-rich country has been worthwhile. 100 Years Chevron started exploring for oil in Venezuela about a century ago. [Extracted from the article]

(Bloomberg) -- In sanctioned and crisis-torn Venezuela, a little-known company led by former executives at Moscow-based Gazprom PJSC is taking an outsized role for embattled leader Nicolas Maduro as many of his main foreign partners in the oilfields scale back or leave. In the last year, GPB steadily pumped about 10% of Venezuela's oil in a joint venture with Petroleos de Venezuela S.A, the state-run company known as PDVSA. [Extracted from the article]

(Bloomberg) -- In sanctioned and crisis-torn Venezuela, a little-known company led by former executives at Moscow-based Gazprom PJSC is taking an outsized role for embattled leader Nicolas Maduro as many of his main foreign partners in the oilfields scale back or leave. In the last year, GPB steadily pumped about 10% of Venezuela's oil in a joint venture with Petroleos de Venezuela S.A, the state-run company known as PDVSA. [Extracted from the article]

As nations across the globe struggle with the one-two punch of the viral pandemic and cratering oil prices, one is suffering far more than others -- Venezuela. The price war will cut Venezuela's oil revenue to an estimated $13.9 billion this year, according to consulting firm Ecoanalitica, compared with $23.1 billion in 2019. The price collapse is hammering Maduro just as he managed to ease the worst social and economic crisis in Venezuela's modern history. [Extracted from the article]

(Bloomberg) -- There are already signs that the latest U.S. sanctions thrown at Venezuela are failing. Now, another company affiliated with Moscow-based oil giant Rosneft PJSC that isn't sanctioned -- and thus can trade freely -- is ramping up shipments from Venezuela. [Extracted from the article]

(Bloomberg) -- Chevron Corp. has ramped up output at a key Venezuela oil project to levels not seen in almost a year, offering a thorny reminder of how U.S. sanctions are failing to deliver a knockout of Nicolas Maduro's regime. On paper, PDVSA controls Petropiar as majority owner, but Chevron has kept the oil flowing and helped repair the industrial facilities needed to refine the tar into marketable crude, the people said. [Extracted from the article]

(Bloomberg) -- Brazil's efforts to uncover the origin of oil washing up on more than 130 beaches along its pristine northeastern coastline are pointing to Venezuela as the likely culprit. Rio de Janeiro-based Petrobras said that molecular studies of the spilled oil show it wasn't produced in Brazil or sold by the company, and didn't confirm or deny the origin of the crude. [Extracted from the article]

(Bloomberg) -- 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. The JV is a key project in Venezuela's Orinoco region that boasts the largest oil reserves on the planet and currently accounts for about half of the country's remaining production. [Extracted from the article]

(Bloomberg) -- A looming U.S. sanctions deadline is threatening to clobber Venezuela's dwindling oil-rig fleet and hamper energy production in the nation with the world's largest crude reserves. Schlumberger, Baker Hughes, Weatherford, PDVSA and Venezuela's oil ministry all declined to comment. [Extracted from the article]

The article reports on the decision of Wison Engineering Services Co., a China-based chemical engineering and construction company, to repair Venezuela’s oil refineries in exchange for oil products. Topics discussed include Wison's decision to use China's ‘Belt and Road’ infrastructure program to expand overseas, Wison's repairs focusing to ease fuel shortages in Venezuela, and U.S. financial sanctions on Venezuela to instigate regime change in the country.

Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. Chevron and PDVSA are contracting firms and workers to help on maintenance and engineering projects in eastern Venezuela near the heavy Faja del Orinoco fields in a sign that the company isn't preparing to pull out or halt operations in the near-term, according to the people. [Extracted from the article]

Schlumberger expands in Venezuela even as it cuts global staff The relocations also tell the story of Schlumberger's commitment to Venezuela, home to the world's largest oil reserves and a challenging place for energy companies to do business. [Extracted from the article]

Focuses on the strategic alliances of aluminum companies in Venezuela with private firms. Plans of Corporacion Aluminios de Venezuela SA to reactivate operations at Alcasa smelter in 2002; Main export market of Venezuela; Expected impact of strategic alliances with private firms on the world market share.