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Chevron could lift Venezuelan output to 300,000 barrels a day, US energy chief says
Wright made the remarks after visiting oil fields operated by the company in the country, pointing to the Orinoco Oil Belt as central to any production increase
US energy chief unveils $100mn plus Chevron investment
Wright said the investment is intended to double output within 12 to 18 months and increase it fivefold over the next five years, as Washington seeks to accelerate a recovery in the country’s energy sector
Oil majors in talks with Venezuela over recovery of expropriated assets
The discussions mark a potential shift in relations between Caracas and foreign producers that suffered billions of dollars in losses
Valero plans Venezuelan crude imports in March
The move would make Valero one of the first refiners to restart purchases following the consolidation of a $2bn supply agreement between the US government and Venezuela’s interim administration
US forces board Venezuela-linked tanker in Indian Ocean
The vessel, the Veronica III, was operating under a Panamanian flag, according to the US Treasury Department, and was intercepted after a long-distance pursuit
US refiners get boost as Venezuelan heavy crude re-enters market
Sour crude differentials began to widen in mid-2025 and stayed elevated through the fourth quarter as supplies expanded, including from OPEC+ producers, the company said
Venezuela denies report of crude shipment to Israel
The statement was intended to rebut claims that Caracas had resumed oil sales to Israel after a halt that has been in place since mid-2020
TotalEnergies rules Out Venezuela return despite Trump push for oil investment
The French producer exited Venezuela in 2022 and sees no change in the strategic factors that drove that decision
BP seeks US approval to revive cross-border gas project with Venezuela
Interim Chief Executive Officer Carol Howle said the company is focused on securing the licence required to unlock the resource
Russia seeks US clarification on Venezuela oil curbs excluding Moscow and Beijing
Russia said it will press the US for clarification after Washington introduced new restrictions on Venezuela’s oil industry that exclude Russian and Chinese participation, a move the Kremlin described as “blatant discrimination”
Rodríguez hints at future US trip after energy talks in Caracas
Venezuela’s interim president Delcy Rodríguez said she expects to travel to the United States at some point following talks in Caracas with US Energy Secretary Chris Wright
Gold Reserve taps Cantor Fitzgerald for capital raise ahead of Venezuela return
The miner previously ran the Brisas gold mine until the asset was taken over by the Venezuelan state in 2009
US signals openness to China deals in Venezuela
The US is prepared to accept deals involving “legitimate” Chinese companies in Venezuela, even as it seeks to prevent arrangements Washington views as damaging
Venezuelan crude cargoes signal possible return to European refineries
Three cargoes of Venezuelan crude are crossing the Atlantic and indicating destinations in Italy and Spain
North Macedonia to import US LNG under new reciprocal trade framework with Washington
North Macedonia will begin purchasing US liquefied natural gas once the new gas interconnector with Greece is completed.
Saudi Aramco signs 20-year purchase agreement with Commonwealth LNG
Saudi Aramco has inked a long-term sales and purchase agreement with Commonwealth LNG.
US okays US companies to restore Venezuela’s oil infrastructure
Mexico struggling to negotiate US threats to suppliers of oil to Cuba
Cuba’s worsening energy collapse has deepened after Mexico suspended oil shipments to the island under mounting pressure from the US, exposing both Havana’s acute dependence on imported fuel and the limits of Mexico’s diplomatic talks.
Newfoundland mayor pumps brakes on proposed LNG plant
The mayor of Fermeuse, Newfoundland is cautioning against getting too far ahead in proposed plans for a potential LNG facility in the tiny town on Canada’s east coast.
SM Energy reportedly seeking buyers for Eagle Ford gas assets
SM Energy has reportedly launched a sales process for some of its natural gas-producing assets in the Eagle Ford shale in South Texas.
Verde suspends gas-to-gasoline project in Permian Basin
Verde Clean Fuels said last week that it was suspending development of a natural gas-to-gasoline plant in the Permian Basin.
ConocoPhillips to focus on cutting costs after posting lower earnings
ConocoPhillips has said it will seek to cut capital and operating costs by $1bn in 2026.
Citgo sale delay freezes major decisions as Treasury review drags on
A Delaware judge approved a $5.9bn bid late last year from Amber Energy, an affiliate of Elliott Investment Management, following a prolonged auction process, but the transaction still requires clearance from the US Treasury Department
Venezuelan bondholders hire Houlihan Lokey ahead of debt talks
The selection followed several weeks of deliberations, though a formal mandate has yet to be finalised.
US licence expansion puts Venezuela oil output on track for pre-blockade levels
Venezuela could restore crude production to levels seen before Washington imposed a naval blockade, potentially by mid-2026, as the US broadens licences for companies operating in the country
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