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$100 Billion to Revive Venezuela's Energy Industry? Oil Executives Are Not So Sure
Exxon Mobil has a long history of drilling in challenging environments. The largest U.S. oil company will go almost anywhere to extract hydrocarbons if it can manage the risk and make the numbers work. Exxon pumps crude in the deep water off the…
A Trader's Guide to Venezuela as Trump Takes Over Oil Industry
President Donald Trump promises his hostile takeover of Venezuela's oil industry will inspire billions of dollars of investment from American energy companies, and it will make the people of the South American nation rich. For investors hoping to…
President Trump asks oil giants for $100B to restart Venezuela's oil industry
President Trump asks oil giants for $100B to restart Venezuela's oil industry President Donald Trump met with oil executives at the White House, urging a $100 billion investment to revitalize oil and gas infrastructure and increase production amid…
Big Oil Knows That Trump's Venezuela Plans Are Delusional
So, about all that Venezuelan oil. Although President Trump has declared that America's oil companies will soon “go in” to Venezuela and “spend billions of dollars” to rebuild that country's petroleum industry, the…
Trump Urges Oil Companies to Speed Work in Venezuela
President Trump prodded American energy executives to quickly tap Venezuela's vast oil reserves on Friday, hours after the United States military intercepted another tanker carrying Venezuelan oil. The tanker, which American forces boarded in the…
IEA's Fmr. Oil Head: China Doesn't Need Venezuelan Oil
Neil Atkinson, visiting fellow at the National Center for Energy Analytics and former IEA oil markets chief, says Venezuela's oil industry has severely deteriorated. He tells Katie Greifeld and Romaine Bostick on “The Close” that…
Trump Pressures Oil Giants to Invest in Venezuela
President Trump sat down with more than a dozen oil executives this afternoon and told them that he expected their companies to spend at least $100 billion rebuilding Venezuela's dilapidated oil infrastructure. It was left unclear whether the…
Oil bosses hit Trump with Venezuela setback: 'uninvestable'
Developing Venezuela 's oil industry following the removal of its leader, Nicolas Maduro, would require major legal and commercial changes, Exxon CEO Darren Woods has told President Donald Trump. Woods gave a downbeat assessment of the viability of…
Trump's $100 Billion Venezuela Oil Plan Gets a Cool Reception
President Trump has put a number on how much he wants the biggest U.S. and European oil giants to pour into Venezuela: at least $100 billion. During a meeting at the White House on Friday afternoon, oil executives made it clear that they were not…
Why Russia's economy is unlikely to collapse even if oil prices fall
Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald's Trump's Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil. Crude oil has lubricated the Russian…
Trump signs order to protect Venezuelan oil revenue in US accounts
President Donald Trump has signed an executive order to block courts or creditors from impounding revenue from Venezuelan oil sales, held in U.S. Treasury accounts, the White House announced on Saturday. The emergency directive, issued on Friday…
The ground shook for miles' | The birth of the Texas oil industry 125 years ago this month
AUSTIN, Texas — It may be hard to believe, perhaps, that it all began in a tiny place called Gladys City, a few miles from Beaumont in southeast Texas. It was there that a man named Anthony Lucas had a hunch. Because there was a large salt…
Trump's Venezuelan oil rush is doomed from the start
In wake of U.S. forces abducting Venezuelan president Nicolás Maduro, President Donald Trump has bullishly predicted that American oil companies will eagerly rush to fill the fossil fuel vacuum, set up the necessary extraction infrastructure…
Trump, oil and gas execs discuss $100B investment in Venezuela
President Donald Trump meets with oil and gas executives at the White House on Friday to discuss a proposed $100 billion investment in the Venezuelan oil and gas industry. Photo by Jim Lo Scalzo/UPI Mark Nelson, vice chairman of the Chevron…
Coups, uprisings and oil wars: strap in for a turbulent year
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Even by recent standards it has been an unsettlingly…
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