US Structured Venezuela Oil Position to Protect Against Dilution
A US official revealed that the US structured its Venezuela oil position to shield it from dilution, indicating strategic financial maneuvering around Venezuelan assets.
economy
Energy
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
HIGH confidence
Coverage (108 articles)
At least 37 dead in Nigeria oil theft attempt; authorities probe incident
At least 37 people died attempting to illegally siphon crude oil from a vessel in Nigeria's Niger Delta, mostly from inhaling hazardous fumes. Nigerian authorities acknowledged the incident but gave fewer details as investigations continued.
Chevron Expands Venezuela Operations Despite US Sanctions Tensions
US oil giant Chevron confirms expansion of operations in Venezuela, marking a significant shift in US energy policy toward the sanctions-hit nation.
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Alejandro Betancourt, a prominent oil baron, is central to a US-Venezuela oil agreement involving major energy companies. The deal raises questions about feasibility and geopolitical implications.
Chevron Expands Venezuela Operations Following U.S.-Venezuela Oil Agreement
Chevron, the largest foreign oil operator in Venezuela, is expanding its operations following a recent U.S.-Venezuela oil agreement amid ongoing political and economic instability.
Shell y Wison New Energies abren tecnología DMR al mercado de GNL flotante
Shell y Wison New Energies formalizaron un acuerdo para integrar la tecnología de refrigerante mixto dual (DMR) de Shell en unidades de gas natural licuado flotante, abriendo soluciones previamente exclusivas al mercado independiente.
Methanex to close Taranaki plant by 2027 as NZ gas supply dwindles
Canada-based Methanex will close its 32-year-old Taranaki methanol plant by February 2027, citing New Zealand's declining natural gas supply. The closure will eliminate over 200 jobs and impact regional support industries.
Trump Pressures Oil Refiners to Lower Gas Prices Amid Consumer Concerns
Trump is meeting with oil refinery executives and accusing them of price gouging as diesel and gasoline prices remain elevated despite industry cost pressures.
Capsur reduz avaliação da Loggi em 88% em sua carteira
A Capsur cortou em 88% o valor da Loggi em sua carteira de investimentos, refletindo desvalorização significativa da empresa de logística.
Flash flooding devastates Grand Canyon's critical water pipeline amid $200M upgrade
Flash flooding damaged 40% of Grand Canyon's critical water pipeline, forcing park closures and water restrictions while complicating a $200 million upgrade project already underway.
Energy stocks surge as U.S.-Iran tensions push oil above $90
US-Iran military exchanges pushed Brent crude above $90, prompting investors to buy energy stocks including ExxonMobil, Chevron, and SLB amid concerns over Strait of Hormuz disruptions.
Middle East tensions push oil prices higher amid supply disruption concerns
Oil prices rise as renewed Middle East fighting raises concerns about potential supply disruptions in a region critical to global energy markets.