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Venezuela: PDVSA, Government, Seeks to Prove World’s Largest Oil Reserves

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Venezuela’s state-run oil firm, PDVSA, has commissioned a study aiming to prove that Venezuela rather than Saudi Arabia has the world’s largest oil reserves. According to previous administration estimates, Venezuela has over 78bn barrels of reserves, though this figure does not include the 238bn extra-heavy Orinoco Oil Belt in the country’s Eastern region.

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Brazil: Petrobras, Intel, Deploying New Technology in South America

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Petrobras has announced that it will team with Intel to introduce new technology across its retail network to drive customers from their cars to on-site stores. Unveiling its Gas Station of the Future , Petrobras aims to break with the full-service model traditionally dominant in South America, using interactive and media-intensive signage to reach out to consumers.

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