Auto Added by WPeMatico
Summary Exxon requires security guarantees before sending team to Venezuela Venezuela’s hydrocarbons law needs reform for investment, Woods says Chevron is preparing for an immediate bump in production Jan 9 (Reuters) – Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what …
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 …
Chevron Sees Pathway to Grow Venezuela Production by 50%, US Energy Secretary Says Read More »
(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 …
Banks Eye Venezuela Investment, JPMorgan Seen With Advantage Read More »
(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 …
Trump Urges US Oil Giants to Repair Venezuela’s ‘Rotting’ Energy Industry Read More »
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 …
Trump Pushes ‘Drill Baby Drill’ Agenda to Venezuela, Hurts Producers at Home Read More »
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 …
We Don’t Need More Oil Today. Venezuela Is a Long Game for Trump Read More »
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 …
How One Oil Company Got a Head Start in Venezuela Read More »
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 …
New Fortress Seeks to Push Debt Deadline as Restructuring Looms Read More »
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 …
Oil Gains as Market Assesses Protests in Iran, Dealmaking for Venezuela Read More »
Summary Investors skeptical about Venezuela’s political stability and investment costs Chevron, ConocoPhillips cautious about rushing into Venezuela investments, sources say US plans three-phase process for Venezuela’s recovery, Rubio says Jan 9 (Reuters) – U.S. oil executives being summoned to the White House on Friday to discuss potential investment plans in Venezuela will be carefully weighing the country’s …
US Oil Firms Juggle Venezuela Opportunity, Investor Concern Ahead of White House summit Read More »
