This Friday, the American oil services company Schlumberger (SLB) decided to halt its operations in the Petroindependencia joint project, awaiting developments expected for May 27. This decision has had immediate effects on the operations of… Schlumberger Halts Operations in Petroindependencia as Venezuelan Oil Sector Faces Critical Threat
The Venezuelan oil crisis reached a critical point when Chevron returned shipments of oil to Petróleos de Venezuela S.A. (PDVSA) in April 2025. This event highlighted the existing tensions in Venezuela’s oil industry. The regime… Chevron’s Rejection of Venezuelan Oil Shipments Highlights the Complexities of Venezuela’s Oil Crisis and PDVSA’s Financial Troubles
The Venezuelan oil crisis reached a particularly tense moment with Chevron’s return of oil shipments to Petróleos de Venezuela S.A. (PDVSA). This incident, which took place in April 2025, highlighted the existing tensions in Venezuela’s… Chevron’s Oil Shipment Return Highlights Venezuela’s Oil Crisis and PDVSA’s Financial Troubles
Meanwhile, the Italian company Eni confirms the prohibition by the United States to receive payments from Petróleos de Venezuela S.A. (PDVSA). Nicolás Maduro urges international oil companies not to adhere to the sanctions imposed on… US Blocks Eni from PDVSA Payments as Maduro Urges Oil Companies to Ignore Sanctions and Increase Oil Exports to China
The increase in sanctions on Venezuela suggests that a new hyperinflationary process may resurface in the Venezuelan landscape, following the series of revoked operational licenses imposed by Donald Trump’s administration on Nicolás Maduro’s regime and… Impact of Increased Sanctions on Venezuela: The Looming Threat of Hyperinflation and Oil License Revocations