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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Oil prices were little changed on Friday in Asia as traders remained cautious amid the latest news on the Sino-US trade war.
US Crude Oil WTI Futures was unchanged…
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Oil prices traded higher on Wednesday in Asia following news that the US is planning some “very significant” Venezuela-related sanctions in the coming days,…
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Oil prices fell on Friday morning in Asia as the European Central Bank (ECB) slashed its economic forecast and caused more worries about a slowdown in the global…
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Oil prices climbed a little in Asia on Thursday morning as investors shrugged off data out of the US that pointed to rising stockpiles of crude. Instead, they focused…
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Oil prices were trading lower on Tuesday morning in Asia after China lowered its growth target for the year and doubts of the ultimate impact of any trade deal between…
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Oil futures pulled back on Monday, after US President Donald Trump took to Twitter to slam OPEC about pushing prices higher.
“Oil prices getting too high. OPEC,…
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Oil prices hit their highest levels in three months on Monday on evidence of supply reductions and on hopes that the U.S. and China may resolve their trade…
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The good news is flowing in from all corners for oil bulls. Trade talks in Beijing, outage at the biggest Saudi oilfield and commodities merchant Trafigura’s apparent…
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Worry over global growth and uncertainty over how quickly Venezuelan sanctions will bite is keeping the oil market on a tight lid.
US West Texas Intermediate crude…
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The administration of US President Donald Trump has imposed sanctions on Venezuelan NOC PDVSA, international media reported on Tuesday.
PDVSA assets worth USD 7…
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