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Jan 6 (Reuters) - Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts. The agreement is a strong sign that the Venezuelan government... Continue Reading →
Jan 7 (Reuters) - Equinor does not plan a return to Venezuela, after leaving the country in the early part of this decade, the Norwegian oil and gas company's CEO told Reuters on Wednesday. "At the moment, that's not on the table," Anders Opedal said on the sidelines of a business conference. "We pulled out of... Continue Reading →
Jan 7 (Reuters) - Denmark's Orsted said on Wednesday its unit Sunrise Wind will challenge the U.S. government's decision last month to suspend its offshore wind project lease and will seek a court injunction. The Trump administration suspended leases on December 22 for five large offshore wind projects that are under construction off the U.S. East Coast over... Continue Reading →
Jan. 6 (Reuters) U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse. After the U.S. military’s ouster of Venezuelan President Nicolas Maduro at the weekend, representatives of the Trump administration plan to meet with oil executives later this... Continue Reading →
Jan 5 (Reuters) - The Trump administration did not consult with oil companies Exxon Mobil, ConocoPhillips, or Chevron Corp about Venezuela before or after U.S. forces captured the South American country’s president Nicolas Maduro Jan. 3, according to four oil industry executives familiar with the matter. That contradicts President Donald Trump's assertion aboard Air Force One... Continue Reading →
Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign... Continue Reading →
Jan 2 (Reuters) - Norwegian energy group Equinor said on Friday it had filed a civil suit in the U.S. District Court for the District of Columbia challenging a U.S. Department of the Interior order to suspend its Empire Wind project. "As part of that case, Empire plans to seek a preliminary injunction and allow construction... Continue Reading →
Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro's capture by U.S. forces. The South American country may have the world's largest estimated oil reserves,... Continue Reading →
Jan. 2 (oilprice.com) As tech companies worldwide invest heavily in the deployment of large-scale data centres to power advanced technologies, not everyone is so happy about the new phenomenon. Concerns over energy security and a prolonged reliance on fossil fuels are just two of the issues that are repeatedly coming up, as governments seek to... Continue Reading →
Jan 2 (Reuters) - Denmark's Orsted said on Friday it was challenging the U.S. government's suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project. The Trump administration suspended leases on December 22 for five large offshore wind projects that are... Continue Reading →
Brazil Energy Insight 