Trending News: Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of WinterChina Oil Import Cut, Higher US Exports Wrongfoot Market BullsIndia’s Power Demand Hits Record High as Heat Drives Coal UseIndia Explores Alternative Energy Sources Amid Oil Supply ShockJapan to Welcome First Crude Cargo via Hormuz Since War BeganChina’s Fuel Exports to Remain Low as Curbs PersistTotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind PortfolioExxon May Acquire Rights to Produce Oil in Venezuela, NYT ReportsOil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace TalksEU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26Northern Lights receives fourth CO2 shipUK energy distributor eyes hydrogen for fast-response outage recoveryLufthansa to buy carbon removal credits from 3,000-tonne Canadian DAC plantShell Returns to Dutch Supreme Court in Landmark Climate CaseAlberta Pushes Ahead With Separation Referendum Despite Court ChallengeIndian Markets Close Higher As Energy And Renewable Stocks See Mixed Trading Activity (22 May 2026)CIP secures €200m to scale biomethane in EuropeVietnam breaks ground on $2.3bn LNG power plantBrightHy to install 2MW Chinese electrolyser at Spanish cement facilityO-Green Achieves Financial Close For 93 MW Solar Project In Oman’s Suhar Industrial CityHopewind Secures SCTC Approval Under Malaysia’s TNB FrameworkAntaisolar Launches We Cover Solar Roof One-Stop SolutionMalaysia Launches Suria Home Solar Rebate Scheme To Support 50,000 Homes And Add 250 MW CapacitySyngular Solutions eyes Brazilian BECCS opportunities with French tech providerIBM and US government commit $2bn to first quantum chip foundryOil Exerts Influence Well Beyond Energy MarketAtome picks electrolysers from China’s Sungrow for Paraguay green fertiliser plantVideo | Can the chip industry replace PFAS?Podcast | Technical debrief: testing amine degradation products and MOFs for CO2 captureVideo | Is iridium supply a bottleneck for PEM electrolyses?Oil Could Enter Red Zone by July/August: IEAUK Adds New Tax Pressure as Energy Security Concerns GrowOil Prices Rise as Traders Grow Skeptical of U.S.-Iran DealHelium to be placed on Tanzania critical and strategic minerals listOil Prices Rise As Iran Draws Red Line on UraniumUS Keeps Dakota Access Pipeline Open With Tighter Environmental ChecksAmericans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year HighsAntares signs long-term HALEU supply deal with UrencoKursk II’s first VVER-TOI ‘has generated 2 billion kWh’Kazakhstan outlines localisation plansPodcast: Sustainability and the UK’s Low Level Waste RepositoryAtucha II granted 10-year licence renewalInside the Unraveling of U.S. Diplomacy Under TrumpUS Natural Gas Storage Capacity Rises in 2025, Says EIAConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls ShortChina Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on EdgeSaudi Oil Export Income Jumped to 3.5-Year High in March as Prices SoaredChina Boosts Oil Stockpiles Despite Import PlungeU.S. Energy Storage Installations Post Record First QuarterChina’s Solar Exports Soar as World Grapples with Energy CrisisJapan’s Crude Imports from Middle East Slump to Lowest on RecordTexas Tech University wins $4.5m state grant for semiconductor developmentUS Energy Storage Additions Hit a First-Quarter Record, Report ShowsDevon Snaps Up Prime Delaware Basin Acreage for $2.6 Billion after Coterra MergerOil Market Clock is Ticking as Supply Crunch Looms: BoussoDutch project secures €150m for biomethane productionDutch e-fuels firm takes FID on 20MW green hydrogen projectTop 5 ways to turn geopolitical volatility into commercial advantageMidOcean Energy funded $120m to support global LNG supply chainHow hydrogen could power specialist ceramicsHow hydrogen could power specialist ceramicsGoldman Sachs Sounds Fresh Alarm on Global Oil StockpilesWind and Solar Overtake Gas Power Generation for the First TimeTraders Expect Oil Prices to Remain Above $81 for the Next 12 MonthsUS Oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in BidsOil Rises Over 1% After Reuters Report Signals Complication to US-Iran Peace TalksWhat Happens to Oil if Iran Permanently Taxes Hormuz Traffic?Germany-Netherlands hydrogen pipeline connections set to expandWeekly Tech Updates: Water Battery Breakthrough, Smart Solar Storage, Next-Gen GaN Converters & More…Gasum bioLNG sales jump driven by FuelEUIndian Stock Market Ends Mixed As Renewable Energy And Utility Stocks See Selective Buying (21 May 2026)Philadelphia Energy Authority Energy Campaign Exceeds Targets, Drives Clean Energy Growth and Economic ImpactHindustan Power Signs 800 MW PSA with MP Power Management Company Limited for Anuppur ProjectUK wastewater site to scale hydrogen and graphene productionRajasthan Solar Association Calls for Pragmatic Transition Framework for ALCM / ALMM ImplementationNorway’s Offshore Oil Production Beats Forecasts in AprilSaudi Arabia Forced to Boost Fuel Oil Imports as Gas Output DipsMantel and Wood advance carbon capture projects in CanadaMicrosoft signs seven-year CO2 storage deal with BioCircVideo | Is hydrogen mobility really viable in India?Rubio to Visit Delhi as US Seeks to Boost Energy ExportsRheinmetall says military demand can commercialise green hydrogen e-fuelsUK–GCC free trade agreement will spur clean energyUK aviation consortium funnels £188m into R&DNigeria Targets 100,000-BPD Oil Output Increase As Global Supply DisruptedJODI: Saudi Arabia Crude Exports Sink To Record LowsEDF joins alliance to support AI Gigafactory bidJacobs to carry out environmental assessments for UK’s Oldbury siteMicroreactor application accepted for review by US regulatorTerraPower and HD Hyundai sign Natrium reactor agreementsChina and Russia sign nuclear-related MoUs during Xi-Putin talksUS Crude and Gasoline Inventories Fell Last Week on Strong Demand, EIA SaysUS Draws Down Record Volumes of Crude Oil From Stocks, EIA SaysIEA: Oil Shock Sparks Surge in EV SalesGoldman Sachs Says US Natural Gas Output Shows Signs of Price SensitivityIran War Boosts US Shale Oil But Only So Much: BoussoTrump Blinks as Big, Bad Bond Market Bares its Teeth: McGeeverEnergean Slashes Dividend After Israel Gas Shutdown Cuts OutputWoodside CEO: Markets Are Badly Underestimating the LNG Supply ShockIndonesia Tightens Grip on Key Commodity Exports
Fri. May 22nd, 2026
Trending News: Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of WinterChina Oil Import Cut, Higher US Exports Wrongfoot Market BullsIndia’s Power Demand Hits Record High as Heat Drives Coal UseIndia Explores Alternative Energy Sources Amid Oil Supply ShockJapan to Welcome First Crude Cargo via Hormuz Since War BeganChina’s Fuel Exports to Remain Low as Curbs PersistTotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind PortfolioExxon May Acquire Rights to Produce Oil in Venezuela, NYT ReportsOil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace TalksEU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26Northern Lights receives fourth CO2 shipUK energy distributor eyes hydrogen for fast-response outage recoveryLufthansa to buy carbon removal credits from 3,000-tonne Canadian DAC plantShell Returns to Dutch Supreme Court in Landmark Climate CaseAlberta Pushes Ahead With Separation Referendum Despite Court ChallengeIndian Markets Close Higher As Energy And Renewable Stocks See Mixed Trading Activity (22 May 2026)CIP secures €200m to scale biomethane in EuropeVietnam breaks ground on $2.3bn LNG power plantBrightHy to install 2MW Chinese electrolyser at Spanish cement facilityO-Green Achieves Financial Close For 93 MW Solar Project In Oman’s Suhar Industrial CityHopewind Secures SCTC Approval Under Malaysia’s TNB FrameworkAntaisolar Launches We Cover Solar Roof One-Stop SolutionMalaysia Launches Suria Home Solar Rebate Scheme To Support 50,000 Homes And Add 250 MW CapacitySyngular Solutions eyes Brazilian BECCS opportunities with French tech providerIBM and US government commit $2bn to first quantum chip foundryOil Exerts Influence Well Beyond Energy MarketAtome picks electrolysers from China’s Sungrow for Paraguay green fertiliser plantVideo | Can the chip industry replace PFAS?Podcast | Technical debrief: testing amine degradation products and MOFs for CO2 captureVideo | Is iridium supply a bottleneck for PEM electrolyses?Oil Could Enter Red Zone by July/August: IEAUK Adds New Tax Pressure as Energy Security Concerns GrowOil Prices Rise as Traders Grow Skeptical of U.S.-Iran DealHelium to be placed on Tanzania critical and strategic minerals listOil Prices Rise As Iran Draws Red Line on UraniumUS Keeps Dakota Access Pipeline Open With Tighter Environmental ChecksAmericans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year HighsAntares signs long-term HALEU supply deal with UrencoKursk II’s first VVER-TOI ‘has generated 2 billion kWh’Kazakhstan outlines localisation plansPodcast: Sustainability and the UK’s Low Level Waste RepositoryAtucha II granted 10-year licence renewalInside the Unraveling of U.S. Diplomacy Under TrumpUS Natural Gas Storage Capacity Rises in 2025, Says EIAConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls ShortChina Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on EdgeSaudi Oil Export Income Jumped to 3.5-Year High in March as Prices SoaredChina Boosts Oil Stockpiles Despite Import PlungeU.S. Energy Storage Installations Post Record First QuarterChina’s Solar Exports Soar as World Grapples with Energy CrisisJapan’s Crude Imports from Middle East Slump to Lowest on RecordTexas Tech University wins $4.5m state grant for semiconductor developmentUS Energy Storage Additions Hit a First-Quarter Record, Report ShowsDevon Snaps Up Prime Delaware Basin Acreage for $2.6 Billion after Coterra MergerOil Market Clock is Ticking as Supply Crunch Looms: BoussoDutch project secures €150m for biomethane productionDutch e-fuels firm takes FID on 20MW green hydrogen projectTop 5 ways to turn geopolitical volatility into commercial advantageMidOcean Energy funded $120m to support global LNG supply chainHow hydrogen could power specialist ceramicsHow hydrogen could power specialist ceramicsGoldman Sachs Sounds Fresh Alarm on Global Oil StockpilesWind and Solar Overtake Gas Power Generation for the First TimeTraders Expect Oil Prices to Remain Above $81 for the Next 12 MonthsUS Oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in BidsOil Rises Over 1% After Reuters Report Signals Complication to US-Iran Peace TalksWhat Happens to Oil if Iran Permanently Taxes Hormuz Traffic?Germany-Netherlands hydrogen pipeline connections set to expandWeekly Tech Updates: Water Battery Breakthrough, Smart Solar Storage, Next-Gen GaN Converters & More…Gasum bioLNG sales jump driven by FuelEUIndian Stock Market Ends Mixed As Renewable Energy And Utility Stocks See Selective Buying (21 May 2026)Philadelphia Energy Authority Energy Campaign Exceeds Targets, Drives Clean Energy Growth and Economic ImpactHindustan Power Signs 800 MW PSA with MP Power Management Company Limited for Anuppur ProjectUK wastewater site to scale hydrogen and graphene productionRajasthan Solar Association Calls for Pragmatic Transition Framework for ALCM / ALMM ImplementationNorway’s Offshore Oil Production Beats Forecasts in AprilSaudi Arabia Forced to Boost Fuel Oil Imports as Gas Output DipsMantel and Wood advance carbon capture projects in CanadaMicrosoft signs seven-year CO2 storage deal with BioCircVideo | Is hydrogen mobility really viable in India?Rubio to Visit Delhi as US Seeks to Boost Energy ExportsRheinmetall says military demand can commercialise green hydrogen e-fuelsUK–GCC free trade agreement will spur clean energyUK aviation consortium funnels £188m into R&DNigeria Targets 100,000-BPD Oil Output Increase As Global Supply DisruptedJODI: Saudi Arabia Crude Exports Sink To Record LowsEDF joins alliance to support AI Gigafactory bidJacobs to carry out environmental assessments for UK’s Oldbury siteMicroreactor application accepted for review by US regulatorTerraPower and HD Hyundai sign Natrium reactor agreementsChina and Russia sign nuclear-related MoUs during Xi-Putin talksUS Crude and Gasoline Inventories Fell Last Week on Strong Demand, EIA SaysUS Draws Down Record Volumes of Crude Oil From Stocks, EIA SaysIEA: Oil Shock Sparks Surge in EV SalesGoldman Sachs Says US Natural Gas Output Shows Signs of Price SensitivityIran War Boosts US Shale Oil But Only So Much: BoussoTrump Blinks as Big, Bad Bond Market Bares its Teeth: McGeeverEnergean Slashes Dividend After Israel Gas Shutdown Cuts OutputWoodside CEO: Markets Are Badly Underestimating the LNG Supply ShockIndonesia Tightens Grip on Key Commodity Exports
Fri. May 22nd, 2026

Exxon May Acquire Rights to Produce Oil in Venezuela, NYT Reports

exxonmobile 1200x810 nov 2024

May 21 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) ​is in talks to acquire ‌rights to produce oil in Venezuela nearly two decades after it was effectively expelled from ​the country, the New York ​Times reported on Thursday, citing people familiar ⁠with the matter.

The deal, which could ​be finalized and announced as soon ​as this month, would involve Exxon signing contracts to produce oil in up to six fields ​in several regions in Venezuela, the ​report added.

Get the Latest US Focused Energy News Delivered to You! It’s FREE:

U.S. President Donald Trump urged oil firms ‌to ⁠invest $100 billion in Venezuela and rebuild the energy sector after U.S. forces captured and removed Venezuelan President Nicolas Maduro ​from office ​in January.

Exxon ⁠did not immediately reply to Reuters request for comment.

In January, ​Exxon CEO Darren Woods called ​Venezuela “uninvestable” ⁠without durable protections for new investment, comments that landed him in hot water ⁠with ​President Trump.

Exxon exited Venezuela ​in 2007 after its assets were expropriated.

Reporting by Katha ​Kalia in Bengaluru; Editing by Shailesh Kuber

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