Conventional Energy

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Chevron Sees Pathway to Grow Venezuela Production by 50%, US Energy Secretary Says

Conventional Energy, Latest, Oil, US News / By

U.S. Energy Secretary Chris Wright said on Friday that Chevron saw a pathway to grow its Venezuela production by 50%, with his comments coming after a meeting that President Donald Trump had with oil companies on the South American nation. Chevron “said with the actions that were taken and some additional things we can do for …

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Banks Eye Venezuela Investment, JPMorgan Seen With Advantage

Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil, US News / By

(Reuters) – The U.S. involvement in Venezuela’s oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country and past involvement with international trade financing. A clutch of banks including JPMorgan and Citigroup have historically operated in the country, but reduced operations or …

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Trump Urges US Oil Giants to Repair Venezuela’s ‘Rotting’ Energy Industry

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(Reuters) – U.S. President Donald Trump began a meeting to discuss Venezuela with executives from some of the world’s largest oil companies at the White House on Friday, saying he wants them to invest $100 billion in the country to vastly expand its production. The meeting reflects the importance of oil to Trump’s strategy for …

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Trump Pushes ‘Drill Baby Drill’ Agenda to Venezuela, Hurts Producers at Home

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By Georgina McCartney and Arathy Somasekhar Trump aims for $50 oil, below profitable level for U.S. producers Venezuelan oil redirection to pressure U.S. shale margins U.S. refineries to benefit from Venezuelan oil influx HOUSTON, Jan 9 – U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes …

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We Don’t Need More Oil Today. Venezuela Is a Long Game for Trump

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If it’s successful, and that’s a big if, Trump’s imperialistic investment would pay off shortly after US oil output peaks. By Peter Millard Rusty pipelines. Unchecked spills. Decades of chronic underinvestment, brain drain and mismanagement. Venezuela’s oil industry is in shambles, and restoring it to its former glory would cost an estimated $100 billion—if Big …

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How One Oil Company Got a Head Start in Venezuela

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The Trump administration wants the oil majors to rebuild the nation’s energy industry. Chevron has been on the ground there for decades. By Brian Wall With Venezuela President Nicolás Maduro in a jail cell in New York, Donald Trump moved on to the next stage of his plan for the South American nation. The US …

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Satellite Images Reveal Venezuela’s Massive Methane Problem

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Methane, Oil / By

Data shows millions of tons of methane spewing from the nation’s decaying energy infrastructure, underscoring how much work is required to revive production. By Aaron Clark An image captured by EMIT on September 24, 2025, shows five emissions on the same day and in the same area.Source: Kayrros SAS, processed L1B image from NASA/JPL-Caltech’s EMIT …

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New Fortress Seeks to Push Debt Deadline as Restructuring Looms

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, US News / By

By Reshmi Basu The New Fortress Energy liquefied natural gas terminal near the Port of San Juan in Puerto Nuevo, Puerto Rico. Photographer: Alejandro Granadillo/Bloomberg New Fortress Energy Inc. is asking its creditors for yet more time to hash out a debt restructuring before a forbearance period on some of its borrowings expires, according to …

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The Past and Potential of Venezuela’s Oil Sector, and What it Means for Canada

CDN and International News, Conventional Energy, Latest, Oil / By

CALGARY – U.S. President Donald Trump’s ambition to have U.S. energy companies swoop in and revive Venezuela’s beleaguered oil industry has raised questions about what it means for Canadian oilsands producers and whether it’s a task American supermajors can or even want to take on. Here is a rundown of the past and potential of …

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Oil Gains as Market Assesses Protests in Iran, Dealmaking for Venezuela

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Summary US aims to control Venezuela’s oil sector after Maduro’s capture Iran unrest and Russia-Ukraine war raise oil supply concerns Global inventories rise, oversupply may limit oil price gains (Reuters) – Oil prices rose on Friday on concerns about potential disruption to Iran’s output and uncertainty about supply from Venezuela. Brent futures were up 59 …

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