International oil majors, Chevron and Shell, are nearing agreements to expand oil and gas production in Venezuela, marking the first major deals since the US capture of President Nicolás Maduro in January, five so ...
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued a sweeping relaxation of sanctions on Venezuela’s energy sector. The move grants two general licenses that allow international oil an ...
US energy majors ExxonMobil and Chevron have expressed tentative interest in re-engaging with Venezuela’s petroleum sector following the easing of US sanctions, provided that the country establishes robust legal a ...
Venezuela expects to attract around $1.4 billion in investment this year for projects operating under oil production-sharing contracts promoted by the government, up from about $900 million last year, Interim Pres ...
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 ...
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 leas ...
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 refiner ...
The Trump administration plans to meet later this week with US oil company executives to discuss boosting natural gas and oil production in Venezuela following the removal of President Nicolas Maduro, a source fam ...
Venezuelan crude production is expected to rise gradually following the U.S. strike and capture of President Nicolas Maduro, a development that could add to global oil supply and weigh on prices over the longer te ...
Minister of Petroleum and Mineral Resources Tarek El Molla has met with his Venezuelan counterpart Pedro Rafael Tellechea Ruiz to explore the available opportunities for Egyptian companies to invest in the Venezue ...
