Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations ...

The world’s largest crude reserves look like a geopolitical prize. But climate experts warn that tapping them at scale would ...

Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at ...

Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by U.S.

President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to ...

Trump has aggressively sought to boost oil and gas production within the US. Now, after the capture and arrest of Maduro and his wife, Cilia Flores, he is seeking to orchestrate a ramp-up of drilling ...

Venezuela holds the world's largest proven oil reserves, surpassing Saudi Arabia with around 303 billion barrels of crude oil ...

At-a-Glance: After separation and stabilization, crude oil is stored in engineered tanks (onshore tank batteries, terminals, or offshore FPSO/FSO tanks) and moved via pipeline, marine tankers/barges, ...