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VENEZUELA OILFIELDS
ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfieldsONGC has utilized funds from its Russian dividends to meet its obligations for the Sakhalin-1 abandonment fund. The company is negotiating ...- US structured Venezuela oil position to protect it from dilution, official saysThe US government secured a 35% stake in a Venezuelan oil venture. This stake was structured as warrants to protect against capital raises....
- US energy chief rejects ‘stealing Venezuelan oil’ claims as Washington takes control of vast reservesUS Energy Secretary Chris Wright denied claims of stealing Venezuelan oil. He stated private companies bring money and technology to develo...
- Chevron expands Venezuela presence with $7 billion plan to double oil output in five yearsChevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company...
- US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials sayNorth American Blue Energy Partners will acquire Venezuelan oilfields from Chinese and Russian companies. This move follows a significant o...
- Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources sayInternational energy giants are on the brink of finalizing key agreements for projects in Venezuela, which may be signed within the week. F...
- Trump's oil deal with Venezuela raises red flags for some major producers, sources sayA proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among maj...
- US Army Secretary Dan Driscoll tenders resignation over rift with Pete HegsethU.S. Army Secretary Dan Driscoll has submitted his resignation amid escalating tensions with Defense Secretary Pete Hegseth, though the Whi...
- Venezuela's interim president says US energy deal will last 25 yearsVenezuela's interim president announced a historic 25-year energy accord with the United States. This agreement targets increasing crude ou...
- Trump administration weighs US ownership stake in Venezuela’s vast oil reserves: ReportThe Trump administration is discussing a potential US ownership stake in Venezuela’s oil industry, Axios reported, covering more than a doz...
- ONGC plans $200 million investment to revive Venezuela oilfieldONGC plans a $200 million investment to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operation...
- US soon to issue general license for oil production in Venezuela: ReportThe U.S. government is preparing to issue a general license this week, allowing companies to produce oil and gas in Venezuela. This move ai...
- Private Chinese firm producing oil in Venezuela under rare 20-year pact, source saysChina Concord Resources Corporation has started developing two oilfields in Venezuela. The company plans to invest over one billion dollars...
- ONGC hopes to recover over USD 400 mn dividend as sanctions eased on VenezuelaOVL agreed to provide loans of up to USD 60 million for implementing the remediation plan of the project. Under the loan arrangement, it pr...
- OVL to provide $318 M financing guarantee to VenezuelaIt will help raise output at the Venezuelan oilfield after the Latin American nation signed pact to supply 17,000 barrels per day of crude ...
- Investments in Venezuela face high risks: ONGCVenezuela has already attracted investment from Indian state firms, which are looking for more opportunities there, while Reliance Industri...
- Very slippery ground in oilIs it a good strategy for India to follow China and buy up large oilfields abroad as energy security? ONGC is investing a few billions in p...
- IOC for 4 pc stake in Venezuela oilfieldIndian Oil Corp (IOC) will take just one-tenth of the 40 per cent stake the grand alliance of Oil and Natural Gas Corp (ONGC) and Reliance ...
- Venezuela reiterates willingness to give exploration blocksAfter signing the joint venture agreement on the San Cristobal oil field, Venezuela has reiterated its willingness to give India exploratio...
- OVL may get to dig 2 more blocks in VenezuelaOne of the blocks is located in Junin fields which is stated to have about 50 billion barrels of recoverable oil reserve.
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