ONGC signs MoU with Venezuelan firm

Last Updated: Thursday, October 10, 2013, 22:13

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), Thursday said it has signed an MoU with Venezuelan state oil firm PdVSA for cooperation in oil-rich Faja area of the Latin American nation.

Chevron lends $2 bn to Venezuelan joint venture

Last Updated: Wednesday, May 29, 2013, 11:28

US supermajor Chevron Corp. will provide USD 2 billion in financing to its Petroboscan joint venture with Venezuelan state-owned oil giant PDVSA under the terms of a new agreement.

RIL in talks with Venezuela's oil company to produce heavy oil

Last Updated: Wednesday, October 17, 2012, 19:42

Reliance Industries is in talks with Venezuela’s PDVSA to produce heavy oil in the South American OPEC nation, PdVSA Executive Director Fadi Kabboul said Wednesday.

RIL signs agmt with Venezuela for heavy oil project

Last Updated: Wednesday, October 3, 2012, 22:19

"PDVSA will supply between 300,000 and 400,000 barrels per day of Venezuelan heavy crude oil to RIL's two refineries in Jamnagar under a 15-year crude oil supply contract," the statement said.

Venezuela shrinks nationalization payment to Exxon

Last Updated: Tuesday, January 3, 2012, 10:11

Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp USD 255 million in compensation for nationalized assets - less than a third of what the US oil giant said it was awarded by an arbitration panel.