Category: Oil (Petroleum) and Gasoline

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.
$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure

During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.
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.
Venezuela’s Oil Industry: A Timeline of Key Events

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.
Wary of Investing in Venezuela, Big Oil Heads to the White House

The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.
The (Many) Wrinkles in Trump’s Vision for Venezuela

President Trump appears committed to laying claim to Venezuelan oil for a long time. But there are plenty of reasons for U.S. businesses to be wary.
Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
U.S. to Control Venezuela Oil Sales ‘Indefinitely,’ Energy Secretary Says

Chris Wright said the Trump administration was in “active dialogue” with Venezuela’s government about the plan.
Why Trump’s Greenland Strategy Has the World on Edge

The president is again focused on acquiring the mineral-rich island. But lack of clarity about his goals and tactics is weighing on political and business leaders.
How Venezuela’s Oil Could Shake Up the World Supply

The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are concerned about an oversupply.
The Rush to Profit From Maduro’s Capture

Trump administration officials are pushing American companies to quickly start investing in Venezuela. But energy giants have some major concerns.
Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.