With dollars becoming scare in Venezuela, big U.S. banks are drumming up deals to boost its foreign reserves, according to a report.» Read More
BRIDGETOWN, Oct 11- Guyana's government said on Friday the navy of neighboring Venezuela had evicted a ship used by a U.S. oil exploration company from Guyanese waters, calling the move unprecedented and a serious threat to security.
*Lukoil set to join other companies leaving Venezuela. *Analysts say political risks in Venezuela are high. ASTRAKHAN, Russia, Oct 2- Lukoil, Russia's second-biggest oil producer, wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Lukoil's head said on Wednesday.
*Lukoil set to join other companies fleeing Venezuela. *Analysts say political risks in Venezuela are high. MOSCOW, Oct 2- Russia's No.2 crude oil producer Lukoil plans to leave a Russian consortium developing a large oil project in Venezuela, a source close to the company told Reuters on Wednesday after a report in Kommersant daily.
CARACAS, Sept 24- If you live in Venezuela and want to fly abroad, get in line. The airline scramble has added to shortages, power cuts and runaway prices as another symbol of the Byzantine economic challenges facing the new government of President Nicolas Maduro in the South American OPEC nation.
CARACAS, Sept 18- China's CNPC will work with Venezuela's state oil company PDVSA to develop the Junin 10 block in the South American country's Orinoco extra heavy crude belt, the Venezuelan petroleum minister said on Wednesday.
PANAMA CITY, Sept 13- Panama's economy grew by 7.6 percent in the second quarter, led by stronger activity in transport and communications and brisk business in the construction and mining sectors, the government statistics agency said on Friday.
CARACAS, Sept 13- At least five Venezuelan newspapers have temporarily stopped publishing in recent weeks for lack of paper, the latest of a string of shortages that threaten to hurt the socialist government's popularity.
CARACAS, Sept 11- Venezuela said on Wednesday that U.S. oil company ConocoPhillips rejected its latest offer of compensation for the 2007 nationalization of oil projects and the South American country now seeks a new hearing on the matter with the World Bank.
Pluspetrol plans to retain Harvest's 32 percent interest in Petrodelta SA, a joint venture between Harvest and Venezuela's state-owned Petroleos de Venezuela SA, and spin off the company's other assets to Harvest's shareholders.
Sept 11- Oil and gas producer Harvest Natural Resources Inc said it was in exclusive talks to sell itself to Argentina's Pluspetrol in a deal valued at about $373 million including debt.
**APPLE INC, Tuesday close $494.64, down 2.5 pct premarket.
CARACAS, Sept 10- Venezuela's annual inflation rate hit 45.4 percent in August, the central bank said on Tuesday, the highest for the OPEC nation in five years, even as consumer price increases slowed from the previous month.
HOUSTON/ CARACAS, Sept 10- Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt, after what sources close to the venture and within the firm said were disagreements with Venezuelan authorities and state-run PDVSA.
SINGAPORE, Sept 9- U.S. crude oil futures fell more than a dollar to below $109 a barrel on Tuesday as supply fears eased after Russia offered to help put Syria's chemical weapons under international control, easing fears of an imminent strike against the country.
CARACAS, Sept 9- Venezuela may relaunch its so-called "permuta" foreign exchange mechanism as it seeks to supply more dollars to local importers who are complaining about lack of access to hard currency, President Nicolas Maduro said on Monday. Venezuela has enough dollars for the economy to work. "
HOUSTON/ CARACAS, Sept 9- Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters. Its other partners are Spain's Repsol, India's ONGC and two small Indian firms.
CARACAS, Sept 8- An official investigation into a 2012 explosion at Venezuela's largest refinery Amuay has concluded sabotage was to blame for one of the global oil industry's deadliest accidents, the OPEC nation's oil minister said on Sunday.
*Chaos in Caracas during one of nation's worst outages. CARACAS, Sept 5- One of the worst power outages in Venezuelan history has given a jolt to President Nicolas Maduro's government and revived opposition accusations that its socialist policies and incompetence are wrecking the country.
HOUSTON/ CARACAS, Sept 4- Venezuela failed to act in good faith or properly compensate ConocoPhillips for three big oil assets the country expropriated in 2007, a World Bank arbitration panel said on Wednesday.
HOUSTON, Sept 4- A World Bank arbitration panel said on Wednesday that Venezuela failed to act in good faith or pay ConocoPhillips for three big oil assets the country seized in 2007..