Wednesday, May 7, 2025
NOV finishes year of losses $6.1 billion in the red- oil and gas 360

NOV finishes year of losses $6.1 billion in the red

Houston Chronicle Houston oilfield service company National Oilwell Varco finished up a year of losses $6.1 billion in the red. In a statement released on Thursday evening, the company reported closing 2019 with a $6.1 billion loss, a dramatic drop from the $31 million end-of-year loss in 2018. The company’s annual revenue remained flat at $8.5 billion. Most of the

Venezuela rounds up US oil executives as Guaidó visits DC- oil and gas 360

Venezuela rounds up US oil executives as Guaidó visits DC

Houston Chronicle MIAMI (AP) — Six American oil executives under house arrest in Venezuela were rounded up by police hours after President Donald Trump met Venezuelan President Nicolás Maduro’s chief opponent at the White House, according to family members of the men. Alirio Zambrano said early Thursday that the executives of Houston-based Citgo were abruptly taken from their homes last