139 articles
Former Chevron executive Ali Moshiri claims Venezuela’s PDVSA is delaying his $2 billion investment proposal despite US policy support. Meanwhile, Chevron plans to double its Venezuelan output as Mosh
Continental Resources, led by Harold Hamm, plans to announce an investment deal in Venezuela's oil sector at the G20 energy ministers summit. This move supports the Trump administration's efforts to r
Chevron CEO Mike Wirth states supply buffers are exhausted amid Middle East conflict, signaling upward oil price risks. Record diesel prices and constrained refinery capacity indicate sustained price
Major U.S. energy firms including Chevron and ExxonMobil plan to sign agreements with Vietnamese counterparts during leader To Lam's New York visit, amid trade talks and tariff threats.
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 targets Argentina and the Mediterranean for global LNG expansion to meet energy security demands, while expressing interest in deals in India. The move comes as geopolitical disruptions drive
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 CEO Mike Wirth warned that depleted oil stockpiles amid geopolitical conflicts could drive crude prices higher soon, while the company plans a $7 billion Venezuela expansion funded internally.
Iraq requests a significant increase in its oil production quota to a 6 million barrels per day baseline during an OPEC+ capacity review. The outcome impacts global market balances and major firms lik
Chevron plans to more than double its oil rigs in Venezuela with a $7 billion investment to boost output to 600,000 barrels per day by 2031. New contract terms include international arbitration rights
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
U.S. oil executives worry the Trump administration's deal granting a 35% stake in Venezuela's North American Blue Energy Partners restricts private sector access. Despite separate agreements by firms
Chevron announced a $7 billion investment plan to double oil production in Venezuela to 600,000 barrels daily under a new U.S.-Venezuela agreement. Analysts warn that infrastructure degradation and po
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
Chevron and Shell signed a preliminary agreement to acquire production rights over Ghana's South Deepwater Tano Cape Three Points block. This investment aims to support Ghana's efforts to reverse decl
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
Acting President Delcy Rodríguez pledged future elections while signing major energy deals with Chevron, Eni, and Blue Energy Partners to revitalize Venezuela’s oil reserves and power grid.
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 agreed with Venezuela to invest over $7 billion in five years, targeting 600,000 bpd production in its joint ventures. The deal includes enhanced fiscal terms and new acreage in the Orinoco Be
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
Eneos Holdings expands globally by acquiring Chevron's Asian downstream assets and U.S. butadiene maker TPC Holdings. The strategy targets 50% overseas revenue by 2030, strengthening its energy and ch
US Energy Secretary Chris Wright announced plans for Venezuelan oil production to double via deals with major firms like Chevron. The move aims to lower US gasoline prices and secure supplies despite
Asian stocks declined as oil prices surged past $90 per barrel amid US-Iran tensions, raising inflation fears. Chevron announced plans to expand Venezuelan oil operations while bond yields hit multi-y
Venture Global assured major clients including Exxon and Chevron that its Plaquemines Phase 2 LNG plant remains on track for 2027 deliveries despite rising global gas prices. This reassurance follows
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
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