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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 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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How One Oil Company Got a Head Start in Venezuela

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

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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US Gulf Refineries Ready to Run Venezuelan Crude

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

(Reuters) – Refineries along the U.S. Gulf Coast from Corpus Christi, Texas to Pascagoula, Mississippi are configured to run the heavy sour, corrosive crude oil produced by Venezuela that President Donald Trump plans to sell in the U.S., following the capture last weekend of Nicolas Maduro. Beginning in the 1990s, refiners reconfigured their plants with …

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Shell Fourth Quarter 2025 Update Note

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

The following is an update to the fourth quarter 2025 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on February 5, 2026. Unless otherwise indicated, …

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Exxon Signals Fall in Fourth-Quarter Upstream Profit

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

(Reuters) – U.S. oil major Exxon Mobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about $800 million to $1.2 billion. Oil prices declined 9.2% during the three months ended December 31, as concerns about oversupply and tariffs outweighed geopolitical risks. Brent crude futures shed about 19% in …

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EOG Resources Says Venezuela Oversupply is Driving Shale Prices Down

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

(Reuters) – EOG Resources said on Wednesday that oversupply from Venezuela is driving oil prices down and it would last for several more quarters. Brent crude futures were down about 0.6% at $60.30 a barrel in the day, while U.S. West Texas Intermediate crude lost about 1% to $56.53 a barrel. Prices fell as investors …

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Shell Buys Stakes in Angolan Offshore Blocks From Chevron

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

LONDON, Jan 6 (Reuters) – Shell (SHEL.L) has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron (CVX.N), the European energy major said on Tuesday. European oil majors have said they will spend billions in Angola, Sub-Saharan Africa’s second-largest crude oil producer after Nigeria. The country has undertaken …

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