Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to ...

The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.

About half a dozen international oil companies are waiting on U.S. government authorization to resume operations in Venezuela ...

Chevron (NYSE:CVX) and other foreign partners of Venezuela's state-owned PDVSA oil company are still awaiting authorizations ...

Chevron has received a renewed, restricted U.S. license to operate in Venezuela under the condition that no payments are ...

Late payments have led tanker operators to halt around 18 vessels needed to carry oil and refined products, two sources said. PDVSA’s crown jewel, Texas-based Citgo, has not been spared.

PDVSA is also at the heart of Venezuela’s geopolitical alliances: 36 percent of its production is used to repay loans to China and Russia, as well as sending crude oil to Cuba and the Caribbean ...

Neither PDVSA nor Venezuela’s oil or information ministries or chief prosecutor’s office responded to requests for comment. President Nicolas Maduro has called U.S. sanctions illegal and ...

PDVSA's payroll has more than doubled to 115,000 employees since Chávez took office in 1999, and debt has risen 10-fold since 2006 to $34 billion.

Venezuela's state-run oil company PDVSA has begun loading an Iran flagged large tanker with Venezuelan heavy crude for export, a source with knowledge of the situation said on Tuesday, as ties ...

Venezuela's Oil Ministry and PDVSA [PDVSA.UL] did not respond to a request for comment. "WITCH HUNT" Oil accounts for over 90 percent of Venezuela's export revenue and provides the hard currency ...