CNBC | Venezuela's state oil company is struggling under bond obligations CNBC Venezuela's state-owned oil company has warned that it is in danger of defaulting on its debts after investors declined an offer to swap bonds. Four times in the last month, Petróleos de Venezuela, S.A. (PDVSA) has extended an offer to investors to ... PDVSA Default Would Spell Trouble for U.S. Refiners' Oil Supply Venezuelan Billionaire to Invest in State-Controlled Oil Field |