Category: United States

The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal

Sept 5 (Reuters) - The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture ​of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key... Continue Reading →

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Dominion Energy, NextEra secure shareholder approvals for merger deal

Sept 3 (Reuters) - Shareholders of Dominion Energy and NextEra Energy approved the companies' proposed $66.8 billion merger ​deal, according to regulatory filings on Thursday. The companies had announced their plan ‌to merge in May, which is expected to create one of the world's largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence. Virginia-based... Continue Reading →

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Chevron, Eni commit to expand oil projects in Venezuela under US eye

Sept 2 (Reuters) - Several international energy firms, including Eni, GE Vernova and Chevron committed on Wednesday to project expansions to boost oil output ‌in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez and U.S. Energy Secretary Chris Wright. The deals are separate from a Caracas-Washington deal recently unveiled that gives the U.S. access to... Continue Reading →

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Chevron expands Venezuela presence with $7 billion plan to double output in five years

 Sept 2 (Reuters) - Chevron ​will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the ‌next five years in the South American country, the U.S. oil major said on Wednesday. Under new agreements, Chevron's Petroindependencia joint venture will expand to include two adjacent areas in... Continue Reading →

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Iran Creates Oil Bonanza for the Americas

Sept. 2 (Reuters opinion by Ron Bousso) From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change. Oil production in the Americas... Continue Reading →

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