Oil Industry News
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President Trump to meet with oil industry leaders as gas prices continue to rise
Updated: 8:48 AM EDT Sep 1, 2026 Editorial Standards ⓘ Trump to meet with oil industry leaders as gas prices continue to rise Updated: 8:48 AM EDT Sep 1, 2026 Editorial Standards ⓘ WASHINGTON — President Donald Trump will meet…
U.S. to partner with energy company on Venezuela oil deal - TT
A pedestrian walks past a mural featuring oil wells in Caracas, Venezuela, on Aug. 29, 2026. (Pedro Mattey/AP) The White House on Aug. 31 disclosed a U.S.-NABEP venture granting 100-year rights to 17 Venezuelan oil fields and a 35% Pentagon stake.
Opinion: As Trump pivots to Venezuela for energy, U.S big oil and big money invest in Canada
Please log in to bookmark this story. Create Free Account In Texas and New York, big oil and big money are placing their bets on the future of the energy industry. Major American oil companies and asset managers are lining up to invest in Canadian…
You just move forward': Greenland Energy oil exploration delayed by a year
Email Address: I consent to the Terms and Conditions, Cookie and Privacy Policies. I consent to CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited…
White House says deal to take control of Venezuelan oil will rely on North American Blue Energy Partners
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday, offering more details on the…
You just move forward': Greenland Energy oil exploration is delayed by a year
A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston. And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal…
What we know about the US-Venezuela oil agreement
The agreement granting the United States control over about one-fifth of Venezuela's oil reserves rests on vague terms that raise questions about how it will be implemented. SCROLL TO CONTINUE WITH CONTENT Here is what we know so far about the…
Trump's oil deal with Venezuela raises red flags for some major producers, sources say
An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in…
Which US companies have the most to gain from Venezuela oil deal?
In addition to the strategic advantages that the U.S. gains, the real winners from the transaction could be the leading global oil services companies. Increasing Venezuelan oil production and exports will require more than $100 billion in capital…
Trump administration taking 35% equity stake in new Venezuelan oil company
As part of the deal, the White House said “Venezuelan interim authorities” granted North American Blue Energy Partners, a private oil and gas exploration and production company, 100-year concessions for 17 oil fields that have proven…
US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say
US oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm, two US officials told Reuters on Monday. SCROLL TO CONTINUE WITH CONTENT The takeover will be part…
Oil fly-tippers will face prosecution, Coventry City Council vows
David Bentley Local Democracy Reporting Service Fly-tippers who left barrels of oil on a rural road will face prosecution if identified, confirms a council. Around 100 drums were dumped on Hollyfast Lane on the outskirts of Coventry in July.
Trump's Venezuela oil deal is even sleazier than you think
During the 2024 campaign, Donald Trump talked a lot about Venezuela. He claimed that country had emptied all its asylums and prisons and sent the convicts and patients to America to kill us all in our beds. He was definitely not impressed with the…
US Stock Futures Drop as Rising Oil Prices Stoke Inflation Fears
The Nasdaq 100 Index tumbled on Tuesday — on track for its worst day in two weeks — with traders bracing for interest-rate hikes as renewed Middle East tensions lifted oil prices and bond yields, stoking inflation fears. The…
View: Venezuela oil deal needs transparency to last
US President Donald Trump hasn't won the energy war in Venezuela yet. The White House this week released the first details of the deal Trump announced Friday between Washington and Caracas: The Pentagon will take an equity stake in the Venezuelan…
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