2 weeks ago - In 2024, Venezuela granted BP (BP.L), opens new tab and Trinidad and Tobago's National Gas Company an exploration and production licence for the Venezuelan part of the yet-to-produce cross-border Manakin-Cocuina gas field.

Venezuela oil refineries that are Chevron, ExxonMobil, and ConocoPhillips. Alongside them, oilfield services leaders Halliburton Company and SLB are widely seen as critical enablers of any production recovery, given the scale of infrastructure ...

3 days ago - Trump said Friday the industry would invest at least $100 billion to rebuild Venezuela's energy sector with U.S. security guarantees. But the CEOs of big oil companies like ExxonMobil and ConocoPhillips did not commit at the meeting to quickly ...

1 week ago - Conoco and Exxon participated in Venezuela's "oil opening" policy in the 1990s, which invited foreign investment to develop resources in the Orinoco Belt. They exited the country after Chavez's nationalization and filed arbitration claims against ...

1 week ago - Companies operating refineries along the Gulf Coast, however, stand to receive a big boost if Venezuela's oil industry does re-open, including Phillips 66 whose CEO said at a Goldman Sachs conference Tuesday that they have two Gulf coast refineries ...

2 weeks ago - But around 2004 to 2007, then-President ... America Energy Program at the Center for Energy Studies at Rice University. ExxonMobil and ConocoPhillips left the country in 2007 and then took the Venezuelan government to international ...

6 hours ago - While there are differing views on the business case for the major oil companies in Venezuela, analysts are in agreement that one group in particular stands to gain: US refineries.

6 days ago - While it's likely premature to say whether ConocoPhillips will reenter the country, the company has been mentioned by various media outlets that have reported on the Trump administration's plans to meet with oil companies about the future of Venezuela. Given that the company has operated there in the past, it is a potential candidate to re-enter the country if the Trump administration can convince it, or make a deal that the company feels confident in. ExxonMobil (XOM +0.59%) is another company that left Venezuela in 2007, due to similar circumstances as ConocoPhillips. The company is owed approximately $1 billion by the Venezuelan government and has been named by various media outlets as a company with which the Trump administration will hold discussions.

3 days ago - You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. ... U.S. officials brokered the sale of hundreds of millions of dollars worth of Venezuelan oil to stabilize the country’s economy after capturing its president.

1 day ago - He met oil industry leaders from Exxon, Chevron, ConocoPhillips, Halliburton, Valero and Maratho at the White House to discuss investments in Venezuela. Exxon CEO Darren Woods told Trump that the Venezuelan market is "uninvestable" in its current ...

4 days ago - Among the likely winners are the oil producers already positioned in Venezuela, like Chevron, and the American refiners in the Gulf Coast that stand ready to process the kind of heavy crude produced from Venezuela’s fields.

2 weeks ago - Chevron Corp. CVX-N is the only U.S. oil company remaining in Venezuela after then-president Hugo Chávez ordered all foreign companies to convert their assets to majority ownership by state-owned Petróleos de Venezuela SA in 2006 and 2007.

1 week ago - Exxon and Shell are "not going to invest single-digit billions of dollars, much less tens of billions of dollars", without physical security, legal certainty and a competitive fiscal framework, Goldwyn said.

1 week ago - He was flanked by top executives from Exxon Mobil (XOM.N), opens new tab, ConocoPhillips (COP.N), opens new tab, Chevron Corp (CVX.N), opens new tab and others. "We're going to be making the decision as to which oil companies are going to go ...

1 week ago - There’s also the question of how much information the White House is sharing with acting President Delcy Rodriguez’s interim government. In one example, the industry is still uncertain whether the White House has even alerted Venezuelan officials that the administration has given Vitol and Trafigura licenses to sell the 50 million barrels of oil Trump said the country was “turning over” to the United States. “The real question is if Venezuela is aware” of the new oil licenses, according to a person familiar with the effort to reach out to oil companies.

5 days ago - Verbal commitments from Trump will ... to Venezuela. The industry would need long-term certainty. "We take a very long-term perspective,” Exxon’s Woods said. “The investments that we make span decades and decades. So, we do not go into any opportunity with a short-term mindset." The U.S. oil companies may be throwing a wet blanket on Trump's ambitions, but the energy execs are in a tricky ...

5 days ago - 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 administration is making two huge assumptions.

1 week ago - (Fausto Torrealba/Reuters) In 2007, ... to transfer operational control of their businesses to the state oil company, Petróleos de Venezuela S.A....