Venezuela Business News

It could be several more quarters before we see significant growth in comparisons for year over year,” said Oklahoma City securities analyst Greg Womack. “But for now it appears they are controlling costs, improving margins and their balance sheet, and...

Treasury to install a fiber-optic cable between Key West and Havana. The 110-mile cable will cost about $18 million and should be operational by 2011, TeleCuba said in a release. Calls to the Department of Treasury were not immediately returned...

While the rest of the world scrambles to build missile defence shields, and the diplomatic community rushes to emergency meetings at the United Nations, Hugo Chavez is taking a splendidly relaxed view of Iran’s latest nuclear ambitions. The Venezuelan President...

Venezuela — Venezuela's state oil company said Friday it has purchased ConocoPhillips' 40 percent stake in a joint natural gas venture with Chevron Corp. State-run Petroleos de Venezuela SA said it will now team up with Chevron to exploit the...

There are various circumstances under which CEOs leave a company -- especially those who have held the position for a relatively long time. CVX ) , the second-largest U.S.-based oil and gas producer, the newly announced resignation of its top...

Venezuela — Venezuela's state oil company says it's taken control of ConocoPhillips' stake in a joint natural gas venture with Chevron Corp. Chevron to exploit the offshore reserves that are expected to produce some 750 million cubic feet of gas...

if you asked any financial investor about the single most important driving factor in Venezuela, without a doubt the response would be President Hugo Chavez. Chavez, a man despised for his random outbursts, which usually send the market into disarray,...

An exhibition on Venezuelan-Russian leading technology opened on Monday near Caracas, featuring advanced technology programs developed in Venezuela and about 5,700 Russian scientific projects.     "We are sure that the cooperation between Russia and Venezuela will allow the transference...

The Italian oil company Eni and Spain's Repsol on Friday said tests have confirmed that their natural gas discovery offshore Venezuela is the largest ever in the country. Repsol first announced the find a few weeks ago during a visit...