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18.09.26 - 17:00
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Exxon Eyes Venezuela Return Nearly Two Decades After Nationalization Exit (ZeroHedge)
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Exxon Eyes Venezuela Return Nearly Two Decades After Nationalization Exit
ExxonMobil is negotiating a return to Venezuela's Orinoco Belt, eyeing the Petromonagas heavy-oil project and neighboring Carabobo assets, Reuters reported Wednesday, citing people familiar with the matter. No deal has been finalized, and Exxon and state oil company PDVSA did not immediately respond to Reuters.
Petromonagas also has a Russian state-owned shareholder - though it remains unclear how that existing interest would affect any transaction.
The talks follow months of caution from Exxon's leadership. In January, CEO Darren Woods called Venezuela "uninvestable" under its then-existing legal and commercial framework and sought durable investment protections before returning. Exxon and ConocoPhillips had departed following the nationalization of their projects, while Chevron remained through agreements with PDVSA.
The wave of re-entries followed the capture of then-president Nicolas Maduro in January an...
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17.09.26 - 19:06
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Fortune Unveils Speakers and Program Themes for 2026 Most Powerful Women Summit, Oct.12-14 in Santa Barbara (PR Newswire)
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Speakers include leaders from Athletes Unlimited Softball League, Boston Dynamics, Chevron, Citi, Flex, Google, Kalshi, Lean In, Nasdaq, Sam's Club, ServiceNow, Upwork, and YouTube, joined by entrepreneurs Hailey Rhode Bieber and Ms. Tina Knowles MPW Community Convening at the Ritz......
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