The Latest Breaking News from PDVSA

Venezuelan authorities announced the arrest Tuesday of influential ex-oil minister Tareck El Aissami, who had resigned from his post last year amid a corruption scandal at state oil company PDVSA. "We have managed to reveal the direct participation and consequent arrest" of El Aissami, Attorney General Tarek William Saab said,…

"Chavez lives, damn it!" At 16:25 every day a soldier shouts out: "Chavez lives, damn it!"

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

Guyana's president tells The Associated Press his country is taking every necessary step to protect itself from a potential incursion by Venezuela, which has ordered its state-owned companies to explore and exploit oil and minerals in Guyana’s vast Essequibo region that it considers its own

After the U.S. lifted its sanctions, Venezuela is trying to revive its beleaguered oil industry. But ramping up production is causing more oil spills.

Latin America is serving as a proxy battleground for a new Cold War as China, Iran and Russia seek to build influence, exploit resources and undermine the United States in the region.

Dozens of business figures and politicians have been arrested so far this year in a £17bn corruption scandal that has rocked Venezuela and its state-run oil company.

Due to a widespread corruption scandal involving the national oil corporation, Venezuela's former oil minister resigns.

Venezuela's ruling party-controlled National Assembly on Thursday approved a law allowing the government to seize assets linked to corruption cases, as it investigates irregularities at state oil company PDVSA and other state companies.