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Oct 19 (Reuters) - Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction. The hiring could help reverse a sanctions-era exodus of companies and professionals from... Continue Reading →
Oct 20 (Reuters) - Halliburton topped Wall Street expectations for third-quarter revenue and profit, as higher demand for its oilfield equipment in Latin America helped offset muted activity in North America and subdued revenue in the Middle East and Asia. Shares of the company, which kicked off the earnings season for US oilfield service providers,... Continue Reading →
Oct 17 (Reuters) - Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs. Since the January ouster of President Nicolas Maduro, the country has been reopening... Continue Reading →
Oct 9 (Reuters) - US private equity firm Carlyle Group said on Friday it was no longer actively pursuing a deal to acquire international assets of Russia's second-largest oil producer Lukoil, a spokesman for the firm said. The group did not comment further. The assets were put up for sale last year following sanctions imposed... Continue Reading →
Oct. 6 (oilprice.com) Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country’s black gold instead, there is no myth involved, but rather the world’s largest crude oil reserves of 303 billion... Continue Reading →
Oct. 5 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has teamed up with PDVSA, Lindsayca, and Fulcrum LNG in a strategic alliance aimed at overhauling Venezuela’s natural gas infrastructure and establishing the nation's very first liquefied natural gas (LNG) export capabilities. The company has signed a new agreement with PDVSA, Lindsayca, and Fulcrum LNG that... Continue Reading →
Sept 30 (Reuters) - US senators from both parties said on Wednesday they have reached a deal to reform laws on the permitting of large energy and infrastructure projects, though a vote will not occur before the midterm elections. The agreement marks a significant milestone in the years-long effort by Congress to overhaul federal permitting,... Continue Reading →
Sept 30 (Reuters) - Executives gathered in Caracas this week for the first large energy conference since Washington launched a $100 billion reconstruction effort for Venezuela's oil industry are warning about slow progress to clear the biggest obstacle for their expansion projects: unreliable power. With an unresolved electricity deficit of more than 1,500 megawatts (MW),... Continue Reading →
Sept 30 (Reuters) - A French and German delegation travelled this month to Brasilia, where intelligence officials briefed them on alleged US and Russian interference before Brazil's election, according to sources and documents seen by Reuters. Officials from Abin, Brazil's spy agency, "confirmed the existence of interference from the United States as well as Russia,"... Continue Reading →
Sept. 29 (offshore-energy.biz) As global energy markets continue to navigate the volatility, long-term commitments are becoming the ultimate currency, which U.S.-headquartered energy player Cheniere Energy’s liquefied natural gas (LNG) deal with Brazil’s state-owned Petrobras hammers home, as it binds U.S. Gulf Coast liquefaction terminals to Brazil’s energy grid for more than two decades. Cheniere Energy’s... Continue Reading →
