Venezuela's second-largest Cardon refinery halted operations after a fire damaged a unit linked to a leaking gas line. PDVSA did not immediately comment on the incident impacting the 310,000-barrel-pe
Legal advisers formed a committee to coordinate Venezuela's commercial creditors ahead of sovereign debt restructuring involving state oil company PDVSA. The initiative targets oilfield services and c
SLB signed a long-term agreement with Venezuela's PDVSA to modernize the oil and gas sector using AI and digital transformation. The deal aims to improve efficiency and rebuild production capacity aft
Venezuela has initiated a major sovereign debt restructuring process involving its state oil company PDVSA, targeting $60 billion in defaulted bonds while facing significant legal and financial obstac
Two ghost oil tankers are returning crude cargoes to Venezuela, signaling continued struggles for the nation's beleaguered oil industry amidst shifting sanctions. The vessels' movements contrast with
Venezuela launched a restructuring of its sovereign and state oil firm PDVSA debt, citing unsustainable obligations exceeding $150 billion. The move aims to secure relief from default burdens while li
Venezuela initiated a sovereign debt restructuring process covering state bonds and oil company PDVSA, addressing approximately $170 billion in total debt obligations.
Venezuela's PDVSA is battling a large fire at the Cardon refinery's fluid catalytic cracker unit following recent power outages, with no injuries reported. The incident highlights ongoing operational
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