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Oil giant ExxonMobil has taken a major step toward returning to produce oil in Venezuela. The firm has signed a memorandum of understanding with the South American nation to evaluate opportunities for drilling there. “We welcome the opportunity to evaluate potential upstream opportunities with the Venezuelan government and PDVSA,” said a spokesperson for the firm,......

The acting President noted that the memorandum of understanding covers oil fields with "reserves amounting to billions of barrels of oil," including both brownfield and greenfield projects...

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India's attraction for the US lies in its sophisticated refining capacity. However, replacing Russian supplies on a significant scale is not straightforward: refinery compatibility, prices, shipping costs and commercial viability will influence whether Indian refiners buy more Venezuelan oil. How much Venezuelan crude can India realistically buy?...

The agreement brings the biggest U.S. oil company a step closer to pumping oil again in Venezuela, nearly two decades after it left the country....

ExxonMobil Holdings Corp. formalized negotiations with Venezuela about operating one or more oil fields, months after Chief Executive Officer Darren Woods called the country “uninvestable” given its condition at the time....

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GeoPark Ltd. is currently assessing pre-existing environmental liabilities, lining up contractors and looking ahead to resolving logistical constraints at a Venezuelan oil field before it assumes operations within 60 days....

Questions Mount Over Venezuela's 'Biggest Oil Deal In World History' Authored by Charles Kennedy via OilPrice,Trump's $100 billion Venezuela oil deal faces growing scrutiny, as NABEP confronts questions over financing, drilling capacity and its ability to develop 65 billion barrels of reserves.NABEP claims production has surged to 223,000 bpd, with plans to deploy 41 rigs in November and eventually exceed 1 million bpd.Venezuela's oil revival is attracting major international players, including Chevron, Eni, BP and Continental Resources, despite persistent investment and operational challenges."The biggest oil deal in world history" between the Trump Administration and North American Blue Energy Partners may not live up to the hype as the privately held and previously little-known company could face steep challenges in developing Venezuela's huge oil resources, Reuters reported, citing more than a dozen oil workers, contractors, and experts from the industry.Following the captu...

Venezuelan lawmakers took the first step toward reforming a controversial law long used to jail dissidents as the interim government further unwinds some of the tools of repression imposed under ousted leader Nicolás Maduro....

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Venezuela is in negotiations for a second shipment of aluminum to the US as part of a symbolic resumption of trade after years of economic and diplomatic disruptions....

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In the shadow of oil wells and storage tanks, El Tigre is starting to roar again as companies prepare for another gushing era.  ...

This comes as leading opposition leader returns to Venezuela and hints at criticism of Trump administration....

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Soaring shipping costs coupled with seasonal refinery maintenance weighed on Venezuelan oil exports, sending flows last month near the lowest levels seen since the ouster of strongman Nicolás Maduro....

Was vor und nach den Wahlen in Brasilien passierte, erinnert stark an die letzten Wahl in Venezuela. Auch dort kam es zu „Unregelmäßigkeiten“ und im Anschluss zu offener Verfolgung von Anhängern der Oppositionsparteien. Eine dieser „Unregelmäßigkeiten“ bei der jüngsten Wahl in Brasilien war, dass der Richter des Obersten Bundesgerichts (STF), Cristiano Zanin, Minuten vor Schließung Der Beitrag Brasilien auf dem Weg in ein neues Chávez-Maduro-Regime? erschien zuerst auf Tichys Einblick....