Repsol has signed an oil and gas production agreement with PDVSA that could add 20,000 bopd to production.
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Shell has inked five oil and gas agreements in Venezuela, including a licence for the first phase of the Loran offshore gas…
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Hunt Oil and Crossover Energy have signed agreements to develop oil and gas projects in Venezuela’s Orinoco Belt.
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Eni has secured an agreement with Venezuela to relaunch production at the Junín-5 heavy oilfield in the Orinoco Belt.
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Repsol has signed with PDVSA to increase oil production at Petroquiriquire by up to 50% in 12 months, and potentially triple output in three years.
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Chevron has executed an asset swap with PDVSA to expand its heavy oil position in Venezuela.
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The USA has authorised BP, Chevron, Shell, Eni and Repsol to resume oil and gas activities in #Venezuela under new US-issued licences.
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Conrad Enill, chairman of the NGC Group of Companies, talks to The Energy Year about NGC’s role as an aggregator, opportunities arising for the company in Africa and…
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Trinidad and Tobago has cancelled an agreement for the joint development of an offshore gasfield with Venezuela in light of US sanctions, Prime Minister Keith Rowley…
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Oil prices continued to fall on Monday in Asia and extended losses from last week that came after an unexpected jump in crude stockpiles.
US Crude Oil WTI Futures…
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Crude prices rose as much as 1% on Tuesday after Saudi Energy Minister Khalid Al-Falih told Russian state news agency RIA that Riyadh won’t rush to fill a supply…
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Oil prices fell on Wednesday in Asia and gave up some of their gains from earlier in the week after the US decided to end sanctions exemptions for major…
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Oil prices traded higher on Tuesday in Asia and are near six-month highs following reports that the White House decided not to extend waivers for all oil buyers that…
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Oil prices gained on Friday in Asia as the International Energy Agency’s (IEA) said there are signs of tightening supply.
US Crude Oil WTI Futures rose 0.4% to…
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Oil prices rose on Wednesday in Asia as traders weighed the impact of the IMF’s latest economic growth forecast cut and geopolitical concerns in Libya.
US Crude…
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Oil prices gained on Friday in Asia as traders shrugged off US President Donald Trump’s tweet about “too high” prices.
US Crude Oil WTI Futures rose 0.5% to…
Oil prices rose on Wednesday in Asia amid a second major blackout in Venezuela. Gains were limited as traders remained cautious on a slowing global economic…
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