The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.
Category: Offshore Drilling and Exploration
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Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies
The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests.
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Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception
President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.
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The Government Is Shut Down. But Not for Fossil Fuels.
Federal workers who issue permits for oil, gas and mining operations are on the job, along with those working to repeal pollution limits.
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How Norway Adopted New Tech in Its Hunt for ‘Missing’ Oil
Going against conventional wisdom, explorers at a Norwegian energy company drilled horizontally to find oil in an abandoned natural gas field.
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Trump Urges the U.K. to Drill More Oil, Criticizing Its Energy Policy
President Trump said the North Sea was a “treasure chest,” but its high taxes were driving away oil producers.
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Canadian Company Claims to Find Large Oil Reserves in Poland
The firm’s chief executive said that the field in the Baltic Sea might eventually produce up to 40,000 barrels of oil a day, making it the largest discovery in Northern Europe in more than a decade.
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BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
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Shell and Equinor Oil and Gas Production Is Blocked at Sites Off British Coast
A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the North Sea.
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Chevron to Increase Output at Huge Oil Field in Kazakhstan
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.
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Britain’s Falling Oil Output Leaves Jobs and Skills at Risk
The government wants to rapidly replace oil and natural gas with clean energy, but offshore wind and other alternatives are still in their early stages.