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Chevron announces deal to expand its oil production in Venezuela
Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. Chevron said that it has been assigned additional acreage in the Orinoco Belt, where it has an established position. Joint venture plans include investing more than $7 billion over the next five years and increasing production to approximately…
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Source context: Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. Chevron said that it has been assigned additional acreage in the Orinoco Belt, where it has an established position. Joint venture plans include investing more than $7 bi…
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5 publishers
Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exitTrump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South…
U.S. officials are defending their work with Venezuelan businessman Alejandro Betancourt in the unprecedented White House move to effectively gain control over huge oilfields in the country.Why it matters: Betancourt is the colorful and controversial figure who heads North American Blue Energy Partners (NABEP), the oil company partnering with the…
The U.S. has struck a deal to take majority control of more than 65 billion barrels of Venezuela’s oil reserves, nine months after the U.S. military abducted President Nicolás Maduro and his wife Cilia Flores in a raid on Caracas and two months after The New York Times revealed that U.S. Secretary of State Marco Rubio has become the de facto viceroy of…
President once said Venezuela's oil was the dirtiest in the world. Now he's trying to steal it
U.S. Energy Secretary Chris Wright was in Venezuela to tout a major oil deal. NBC News’ Gabe Gutierrez was there.
5 publishers
Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. Chevron said that it has been assigned additional acreage in the Orinoco Belt, where it has an established position. Joint venture plans include investing more than $7 billion over the next five years and increasing production to approximately…
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday.
The 46-year-old figure of international intrigue has an apparent knack for being in the right place at the right time.
NPR's Michel Martin asks former Obama administration official Benjamin Gedan {guh-DAN} about the viability of the Trump administration's plan for Venezuelan oil.
While Venezuela isn’t the powerhouse oil producer it used to be, the country nonetheless has some of the world’s largest oil reserves. When the US seized then-Venezuelan President Nicolás Maduro on Jan. 3, US President Donald Trump was clear that the raid was as much about oil as it was about the narco-terrorism and drug charges leveled against the…
5 publishers
The 46-year-old oil baron reportedly played a crucial role in helping the Trump administration oust Nicolas Maduro from power – and has his own checkered past.
The United States and Venezuela have reached a preliminary agreement that establishes U.S. majority control over 17 Venezuelan oil fields holding an estimated 65 billion barrels of crude oil reserves. The deal extends for 25 years. With this transaction, President Donald Trump has dramatically increased energy security for the U.S. and its allies. The U.S.…
The Trump administration isn't trying to end socialism in Venezuela. Instead, it is doing socialism in Venezuela.
Chevron announced plans to more than double its oil production in Venezuela over the next five years through a $7 billion investment in the South American nation, which holds the world’s largest proven oil reserves. The investment is expected to increase Chevron’s production to approximately 600,000 barrels per day (bpd).
