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State-energy monopoly Petroleos de Venezuela, or PdVSA, and Russian oil company Rosneft (ROSN.RS) signed deals Thursday to boost production at a new joint venture in the South American country's vast Orinoco heavy oil belt.Russia will extend to Venezuela a $1.5 billion loan as well as a separate $1.1 billion bond for its participation in Petrovictoria, which will oversee exploration and production of crude oil and natural gas at the Carabobo 2 North and Carabobo 4 West blocs in the Orinoco region.It is slated to produce 120,000 barrels a day by 2016 and aims to eventually reach 400,000, Venezuela Oil Minister Rafael Ramirez said during a televised gathering with Rosneft chief Igor Sechin.Russia has been a key partner for Venezuela, whose leftist government has turned to its ally for everything from oil-project financing to military arms. Both sides have pledged to maintain strong economic and political ties under the new leadership of Venezuelan President Nicolas Maduro, the successor ...
Michelle Malkin investigates rumored labor secretary nominee Thomas Perez
Price Futures Group Energy Analyst Phil Flynn and FBN’s Sandra Smith on the potential impact on OPEC of U.S. growth in oil production.
Guests Diane Macedo, John Bolton and Joe DeVito discuss judge halting NYC Mayor Bloomberg's ban on large sugary drinks
The International Energy Agency Wednesday continued to inch lower on its forecasts for global oil demand while increasing its expectations of supply growth for this ...
Says it will sue for portrayal of country in 'Argo'
Chevron Corp. (CVX) remains in talks with Venezuela to possibly increase its footprint in the oil-rich nation, the oil company's chief executive said Tuesday.Chevron...
Have the media changed their tune on the sequester hysteria?
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CARACAS - Venezuela will maintain its oil industry tax and legal framework under the leadership of acting President Nicolas Maduro, the OPEC nation's oil minister sa...
Former U.S. Ambassador to the U.N. John Bolton and FNC national security analyst KT McFarland on Osama Bin Laden’s son-in-Law, Venezuela and North Korea.
'The Five' debate having the trial of Usama bin Laden's son-in-law on US soil and Hugo Chavez's funeral and legacy
Sen. Warner allows him to pop question on Twitter page
Brazilian federal oil company Petroleo Brasileiro (PBR, PETR3.BR, PETR4.BR), or Petrobras, will continue to build a joint-venture refinery project despite no contact...
Anglo-Dutch oil major Royal Dutch Shell (RDSA.LN) is interested in Brazil's upcoming oil and natural gas concession auctions but has not yet decided whether to parti...
The TCW emerging markets bond team has always sought investment opportunities in economic and political upheaval, a strategy that has led to double-digit returns for...
Just about five weeks removed from the death of former Venezuelan President Hugo Chavez, the South American country holds its first election on Sunday since Chavez's...
There has been plenty of chatter regarding a great rotation out of bonds into stocks, but ETF inflow data indicate otherwise. In the month of March U.S. stock funds ...
Venezuelan authorities raided the home and office of what they say is a local representative of Oppenheimer & Co. Inc., the brokerage subsidiary of Oppenheimer Holdi...
Bryan Llenas reports Live from Rome during the inauguration of Pope Francis.
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