Venezuela oil investment faces long timelines, ANZ says
(Bloomberg) – Investors betting on growth in Venezuela oil output will need deep pockets and patience, as aging infrastructure will require billions of dollars in spending, according to Australia and…
U.S. Oil Blockade Forces Venezuela’s PDVSA to Slash Production
Venezuela’s state oil firm PDVSA has started reducing oil production and has asked its joint ventures, including those with Chevron, to also cut output, as storage space is running out…
Oil Tankers Exit Venezuela Under Cover of Darkness Despite U.S. Blockade
Venezuela has shipped out about a dozen oil tankers carrying crude and petroleum products in recent days, with vessels departing in dark mode, TankerTrackers.com said on Monday. All these tankers…
U.S. Blitz Against Maduro Rattles Foreign Oil Claims Worth Billions
Billions of barrels of Venezuela’s oil claimed by major state-owned Chinese and Russian companies under current deals are now in doubt following the U.S. capture of Nicolas Maduro, according to…
Ice-Breaking Tanker Keeps Sanctioned Russian LNG Flowing to China
Russia is keeping its sanctioned LNG trade with China alive during the winter thanks to an ice-class vessel capable of ploughing through the thick Arctic ice. The sanctioned Christophe De…
Ex-Chevron Chief Launches $2 Billion Push to Revive Venezuela’s Oil Fields
The former chief of Latin American operations at U.S. supermajor Chevron is in discussions with investors to raise $2 billion to invest in opportunities in Venezuela, the executive, Ali Moshiri,…
Solar process converts biomass sugars to low cost green hydrogen
Researchers in China and Singapore have developed a new way to use solar energy and biomass to make cheaper green hydrogen. The method turns sugars from biomass (such as agricultural…
Beyond gravity’s pull: orbital chipmaking is better in space
The space industry is a growing consumer of industrial gases, but in one surprising respect the opportunity could be growing in a new direction. That’s because a new opportunity is…
Trump Threatens New Tariffs as India Continues to Buy Russian Oil
President Donald Trump threatened he would impose further tariffs on India for its continued imports of Russian crude oil, Reuters reported today, noting the challenge in India’s diversification of oil…
Egypt Turns to Qatar for LNG as Domestic Gas Output Falters
QatarEnergy and the Egyptian government have inked a preliminary deal for the supply of at least 24 cargoes of liquefied gas to Egypt this year, as the North African country…
