Energy analyst Dan Pickering warns Venezuela's oil reopening faces high risks despite recent Chevron and Eni deals, stating production recovery requires major investment and won't boost supply in the
U.S. firms are shipping pre-owned oilfield equipment to Venezuela following eased sanctions to revive production, involving majors like Chevron and SLB. However, concerns remain regarding the reliabil
Chevron plans to self-finance a $7 billion expansion in Venezuela using local crude proceeds, targeting a production increase to over 600,000 barrels per day within five years without external capital
Chevron intends to self-fund a $7 billion Venezuela expansion via local crude profits, aiming to double production to over 600,000 barrels daily within five years. CEO Mike Wirth highlighted conservat
A U.S. official stated the government structured its 35% stake in a Venezuelan oil venture using warrants to prevent dilution. The deal involves Pentagon oversight and aims to revive the country's oil
Venezuelan opposition leader Maria Corina Machado stated that only a democratic government can ensure stability for oil investors. Meanwhile, international firms including Chevron and Eni signed deals
Venezuela's oil reserves coming under US control have lifted bond prices ahead of a massive debt restructuring. Chevron and Eni plan major investments to boost crude production, improving prospects fo
After two decades, Chevron secured a landmark deal for billions of Venezuelan barrels, targeting 600,000 daily within five years at under $20 per barrel. The deal aligns with a US-led initiative to re
Chevron and Eni signed major deals with Venezuela to boost crude production, supported by the US government. Investments totaling tens of billions aim to raise output to 600,000 barrels daily by 2031.
Chevron, ENI, and investors plan to sign energy agreements in Venezuela under new reforms, with Chevron investing over $7 billion to double crude production to 600,000 barrels per day within five year
Chevron plans a $7 billion investment over five years to double oil production in Venezuela, acquiring rights to two major Orinoco Belt fields while leveraging US government support to revive the nati
Venezuela's National Assembly approved a major oil deal granting U.S. firms access to reserves, paving the way for Chevron's operational expansion ahead of the U.S. Energy Secretary's visit.
The White House announced a deal granting a private firm access to Venezuelan oil reserves with a U.S. equity stake, raising concerns among major oil producers like ExxonMobil over legal certainty. Ch
Colombian oil service firms are entering Venezuela following new exploration contracts and a reported U.S. partnership securing control over 65 billion barrels of reserves. Major energy companies like
The U.S. administration is exploring unprecedented direct ownership stakes in Venezuelan oil fields to secure energy independence, with Chevron remaining the primary American operator amidst eased san
The US is negotiating a potential stake in Venezuela's oil fields to secure energy independence, marking unprecedented federal intervention. Sanctions are easing for operators like Chevron as Caracas
Chevron discovered oil and gas condensate offshore Angola in Block 0, with a reservoir column exceeding 600 meters. This discovery supports the company's strategy to expand production in sub-Saharan A
U.S. shale producers expect record profits since 2022 driven by war-induced oil price surges, prioritizing shareholder returns over expansion. Major oil companies Chevron and ExxonMobil also reported
Russia's Novorossiysk oil terminal halted loading due to drone threats, forcing Kazakhstan to cut production including Chevron's Tengiz field by over half, impacting global oil supply chains.
Argentina's Neuquen province plans to issue up to $500 million in international bonds fueled by a local shale oil boom. Major energy firms like Chevron are investing as production targets aim for one
Chevron licenses chemical surfactant technology via ZL Chemicals to rival drillers, aiming to boost shale well productivity by up to 20% and increase U.S. oil output amidst declining well performance.
Chevron confirmed its Venezuela oil and petrochemical operations remain normal with no impact on processing or loadings following deadly earthquakes. The company stands by its employees while the stat
Repsol aims to expand Venezuelan oil operations by adding the Horcon field and tripling production within three years after securing government agreements and U.S. licenses.
Venezuela has introduced new regulations requiring oil and gas companies to generate their own power due to frequent grid blackouts. This measure aims to protect operations like Chevron's Orinoco Belt
Kazakhstan restored oil production to 290,000 metric tons daily following a disruption at the Chevron-led Tengiz field. National output recovered to approximately 2.175 million barrels per day by May
Chevron CEO Mike Wirth warns that physical oil shortages will emerge globally following the closure of the Strait of Hormuz, potentially impacting economies similarly to the 1970s disruptions.
Venezuela's crude exports surpassed 1 million barrels per day in April, a seven-year high following eased US sanctions. Major operators like Chevron and Repsol plan production increases as Indian refi
Venezuela's oil exports hit a seven-year high of 1.23 million barrels per day in April following eased sanctions, with major shipments to the U.S., India, and Europe. Chevron and Reliance Industries w
Chevron CEO Mike Wirth warns global oil supplies face extreme stress amid the US-Israel-Iran conflict threatening the Strait of Hormuz. He emphasizes the need to reestablish supply to avoid severe eco
Italy's Eni signed an agreement with Venezuela to relaunch a heavy crude project in the Orinoco Belt, with an investment plan due by year-end. Major energy firms including Chevron and Shell are simila
Eni SpA agreed to restart an oil project in Venezuela’s Orinoco Belt following eased US sanctions. The deal involves resuming work at the Junín-5 venture and collaborating with Repsol on gas exports f
Libya's National Oil Corporation signed an MOU with Chevron to assess shale oil and gas reserves. Preliminary estimates suggest the basins hold approximately 18 billion barrels of oil and 123 trillion
Chevron CEO Mike Wirth stated Venezuela’s oil policy changes show progress but remain insufficient for desired investment levels. He warned that production revival hinges on rebuilding supply chains a
Turkey's national energy company is negotiating with Chevron for offshore oil and gas exploration to enhance energy autonomy. The deal supports Ankara's strategy to reduce import reliance, funded part
Despite White House pressure to reinvest in Venezuela's oil sector, major US companies cite security and legal risks, with only Chevron currently operating under a special license.
Chevron commenced production at its Namdula offshore platform in Angola in December 2025, delivering first oil within two years via an efficient tie-back strategy.
ChemBrief