Saturday, July 26, 2025
U.S. grants Chevron another three months for Venezuela operations- oil and gas 360

U.S. grants Chevron another three months for Venezuela operations

Reuters CARACAS – The U.S. Treasury Department on Saturday granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22. Source: Reuters The United States last year imposed sanctions that barred imports of Venezuelan oil and transactions made in U.S. dollars with Venezuela’s state-run oil company PDVSA. The

Houston area company lands two-year 'electric fracking' deal- oil and gas 360

Houston area company lands two-year ‘electric fracking’ deal

Houston Chronicle A company headquartered in The Woodlands has landed a two-year contract to provide electric fracking services that will replace diesel-powered generators with natural gas produced on site. In a Monday morning statement, Evolution Well Services announced the a two-year deal to provide electric hydraulic fracturing services to an unnamed exploration and production customer beginning this quarter. “Our clients

Oil rises as Libya declares force majeure in oilfields-oil and gas 360

Oil rises as Libya declares force majeure in oilfields

Reuters LONDON – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. Brent crude LCOc1 was up 59 cents, or 0.9%, at $65.44 by 1442 GMT, having earlier touched $66 a