(BOE Report) – American financier Gentry Beach, who has ties to U.S. President Donald Trump’s family, signed an agreement with Russia’s energy giant Novatek last autumn to develop natural gas in Alaska amid Western sanctions against Russia, the New York Times reported on Friday. In August, Trump and Russian President Vladimir Putin met in Alaska for talks aimed at ending
(By Oil & Gas 360)- Energy policy is entering another period of strain, and the tension now runs through institutions as much as markets. The United States is openly questioning whether the International Energy Agency has moved too far from its original energy security mandate toward climate advocacy. At the same time, Europe is confronting the rising cost of meeting
(By Oil & Gas 360) – For years, Venezuela’s oil industry has existed in a kind of geopolitical limbo. Sanctions choked off Western capital. Infrastructure deteriorated. Production collapsed. Into that vacuum stepped Russia and China, keeping barrels moving but doing little to restore the industry’s long-term viability. That stalemate is now shifting. By allowing U.S. companies to resume certain oilfield
(Oil Price) – Venezuela’s oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview. “Sales today are over a billion dollars, and in fact, we have sort of short-term agreements over the next few months that will bring
(BOE Report) – The U.S. eased sanctions on Venezuela’s energy sector on Friday, issuing two general licenses that allow global energy companies to resume oil and gas operations in the OPEC member and for other companies to negotiate contracts on investments in new energy operations. The Treasury Department’s Office of Foreign Assets Control issued a general license allowing Chevron, BP, Eni, Shell and Repsol to
(Oil Price) – President Donald Trump on Thursday rejected any suggestion that a private U.S. oil executive is shaping Washington’s approach to Venezuela, stepping into a sensitive debate over who gets influence in the future of the world’s largest stranded crude reserves. In a post on Truth Social, Trump said Florida fuel trader Harry Sargeant III has no authority to act
(Investing) – WASHINGTON – Venezuelan interim leader President Delcy Rodriguez said she has been invited to the United States, according an interview released Thursday by NBC News as U.S. Energy Secretary Chris Wright visited Caracas. “I have been invited to the States,” Rodríguez was quoted as saying. “We’re contemplating coming there once we establish this cooperation and we can move forward
(BOE Report) – Separatists in Alberta are ramping up a petition campaign aimed at triggering an independence vote in the western province that has long complained its economy is being held back by the rest of Canada. Volunteer canvassers are hoping to collect by May 2 approximately 177,000 signatures, or 10% of the province’s registered voters, the threshold required to
(Investing) – HOUSTON – Venezuela is hosting U.S. Secretary of Energy Chris Wright starting on Wednesday, marking the highest-level U.S. visit focused on energy policy to the OPEC nation in nearly three decades, as Washington conducts its first on-the-ground assessment of the oil industry it is proposing to rebuild. Wright landed in Caracas on Wednesday morning, a day after the U.S.
(Investing) – MOSCOW – Foreign Minister Sergei Lavrov said on Wednesday that new U.S. restrictions on the role of Russia and other countries in Venezuela’s oil business were blatant discrimination and the Kremlin said it would clarify the matter with Washington. The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas
(Oil Price) – The U.S. Environmental Protection Agency is about to pull the rug from underneath climate regulation by repealing the so-called endangerment finding—an EPA decision from 2009 saying greenhouse gases “threaten the public health and welfare of current and future generations.” The decision names six gases as dangerous, including carbon dioxide and methane, on which much of climate regulation in the United
(World Oil) – Executives from across the U.S. oilfield services and technology sector are heading to Washington this week to press lawmakers on permitting reform, trade policy and workforce issues they say are directly affecting project execution and investment across the energy industry. The Energy Workforce & Technology Council (EWTC) said nearly 60 senior leaders from more than 40 member companies will
