News / International

ExxonMobil Prepares to Restart Venezuelan Crude at Baton Rouge Louisiana Refinery

Exxon Mobil is making preparations to resume processing Venezuelan crude oil at its large Baton Rouge, Louisiana refinery. The facility, which has a capacity of about 522,500 barrels per day (b/d), previously handled heavy, sour crude from Venezuela but stopped doing so after U.S. sanctions were imposed on the South American nation. The move marks a potential shift in operations amid evolving oil market dynamics, though the company has not publicly commented on the plans.

ADNOC Distribution Launches World’s 6th Largest Superfast EV Hub

ADNOC Distribution, the UAE’s leading mobility and convenience retailer, kicked off one of the world’s largest superfast electric vehicle (EV) charging hubs, outlined plans to equip the nation's highway network with electric vehicle infrastructure by late 2027.

Carlyle, Chevron-Led Group Compete for Lukoil Assets Ahead of U.S. Deadline

Several investor groups, including private equity firm Carlyle and a consortium comprising Chevron, Quantum Capital Group and Abu Dhabi-based International Holding Company (IHC), are vying to acquire the global assets of Russia’s Lukoil as a U.S. deadline to divest approaches.

Exxon Mobil Keeps Venezuela Option Open Despite Trump Objections

Exxon Mobil remains interested in assessing a potential return to Venezuela and is prepared to send a technical evaluation team within weeks, despite U.S. President Donald Trump signaling he may block the company from operating there, a source familiar with Exxon’s strategy said.

Trump Weighs Blocking Exxon’s Return to Venezuela

U.S. President Donald Trump said he might block Exxon Mobil from investing in Venezuela after its CEO told him the country was currently unsuitable for investment during a previous White House meeting with at least 17 oil executives. Trump said he was unhappy with Exxon’s response and was inclined to keep the company out of Venezuela because its comments were too cautious.

Shell Forecasts Higher Upstream Production, LNG Volumes for Q4 2025

Shell expects its Upstream production to increase to between 1.84 and 1.94 million barrels of oil equivalent per day (mmboe/d) in the fourth quarter (Q4) of 2025, according to its latest quarterly update note. The projected growth follows a third-quarter (Q3) production level of 1.832 mmboe/d and includes the impact of the Adura joint venture (JV) incorporation.

Trump Administration Moves to Safeguard Venezuelan Oil Revenue

Trump signed an executive order on January 9 to protect Venezuelan oil revenues from creditors as part of a sweeping effort to stabilize the country’s economy and restore American energy operations following the removal of Nicolas Maduro, Reuters reported. US Treasury Secretary Scott Bessent told Reuters that additional sanctions could be lifted as soon as next week to facilitate immediate crude oil sales.

ADNOC approves FID for SARB Deep Gas project in Ghasha Concession

Abu Dhabi National Oil Company (ADNOC) has reached a final investment decision (FID) for the SARB Deep Gas development, a strategic offshore project within the Ghasha Concession aimed at expanding the UAE’s natural gas production capacity.

Chevron Seeks Broader US License to Boos Venezuelan oil exports

US oil major Chevron is in discussions with the Trump administration to broaden a key authorization that would allow the company to increase crude oil exports from Venezuela, including shipments to its own refineries and potentially to third-party buyers, four sources familiar with the matter told Reuters. The talks coincide with negotiations between Washington and Caracas to supply up to 50 million barrels of Venezuelan crude oil to the United States. US officials stated that revenues from these shipments would be managed by a US-supervised trustee, with funds earmarked for purchasing American goods for Venezuela.

Iraq Moves to Nationalize West Qurna 2 Oilfield Operations

Iraq’s cabinet has endorsed the takeover of petroleum operations at the West Qurna 2 oilfield, one of the largest globally, following terms set out in the service contract with Russia’s Lukoil, as reported by Reuters.

Page 23 of 1148

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password