Category: Petroleos de Venezuela SA

Trump Ally Harold Hamm Strikes Venezuela Oil Deal

The New York Times – Business:
Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.
Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches

The New York Times – Business:
The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion in the country to more than double its production there.
What to Know About Venezuelan Energy Following Trump’s Oil Deal

The New York Times – Business:
The Trump administration’s deal with a private oil company to increase oil production in the South American country could take many years to come to fruition.
Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner

The New York Times – Business:
The administration will work with a private Venezuelan oil company that has close ties to the country’s government.
Venezuela’s Natural Gas, Not Oil, Might Be a Big Early Prize

The New York Times – Business:
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.
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.
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.
Top Bidder for Citgo Is Elliott Management, Court Master Says

The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.