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Chevron plans to invest $7bn in Venezuela over the next five years as it targets more than a doubling of its oil production in the South American country to 600,000 barrels per day....

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Chevron, the only US oil firm with major presence in Venezuela, said it has got extra acreage and will double output....

Chevron baut sein Geschäft in Venezuela kurz nach Trumps Öldeal deutlich aus. Der US-Konzern will über ein Gemeinschaftsunternehmen Milliarden investieren und die Förderung im Orinoco-Gürtel kräftig steigern....

Energy Secretary Wright Says Venezuela Could More Than Double Oil Production Venezuela's crude oil production rate could double in the next few years thanks to new deals set to be signed with U.S. and other foreign energy companies, U.S. Energy Secretary Chris Wright has said.  “The investment in these deals will massively grow available oil production, which will give downward pressure on oil prices, but the biggest kink right now in gasoline and diesel prices is refining capacity,” Wright said during a one-day visit to Caracas, as quoted by OilPrice. Venezuela's peak oil production rate was about 3 million barrels daily, but that was in the late 1990s. Since then, amid U.S. sanctions and underinvestment, production has dropped to 1.25 million barrels daily this year. Exports are running slightly above 1 million barrels daily, with the biggest portion going to U.S. refiners along the Gulf Coast. Last week, news broke that the U.S. federal government was negotiating a direct ownership ...

EE.UU. y Venezuela anunciaron un acuerdo petrolero que dará a Washington un amplio control sobre parte de la producción venezolana. ¿Cómo funcionará, qué busca cada país y cuáles son los grandes interrogantes que aún quedan? (Source: Bloomberg)...

Italian energy producer Eni SpA aims to eventually boost production from its Venezuelan operations to more than 1 million barrels a day, a figure that includes volumes from state-owned Petróleos de Venezuela SA, according to people familiar with the matter, a potentially significant boost to US President Donald Trump's effort to revive the country's battered crude industry....

Venezuela rückt wieder ins Zentrum der globalen Ölindustrie. Der US-Konzern Chevron plant dort eine massive Ausweitung seiner Förderung - und setzt auf Investitionen über Jahrzehnte. Auch Washington verfolgt weitreichende Interessen....

US-Ölkonzern - Wenige Tage nach der Ankündigung von US-Präsident Donald Trump über einen Öldeal in Venezuela hat der US-Ölriese Chevron eine Ausweitung seiner Geschäfte in dem Land bestätigt....

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With private companies on the cusp of signing a series of deals that will put Venezuela on pace to rapidly expand its crude output, US Energy Secretary Chris Wright said that China won't have any debt claims to the revenue from new production....

US Energy Secretary Chris Wright discusses details of Venezuelan oil production and exports, deals signed with Chevron, ENI, and GE Vernova, and offers an update on the Strait of Hormuz. He speaks with Tyler Kendall in Caracas, Venezuela. (Source: Bloomberg)...

Chevron announced plans Wednesday to more than double its oil production in Venezuela over the next five years through a $7 billion investment that expands its position in the South American nation. CNBC's Brian Sullivan and Mike Wirth, Chevron CEO, joins 'Squawk on the Street' to discuss....

Die Krypto-Währungsplattform Coinbase machte Fred Ehrsam zum Milliardär und brachte ihm einen Platz im engen Kreis des US-Präsidenten ein. Nun will der Coinbase-Gründer diese Nähe wohl nutzen, um in venezolanische Ölfelder zu investieren....

Stephen Schork, principal and editor at The Schork Group, discusses the Trump administration's plans to take majority ownership of more than 65 billion barrels of Venezuela's oil reserves. He also looks at refining capacity in the US and the levels of the strategic oil preserve. (Source: Bloomberg)...

CNBC's Brian Sullivan and Energy Secretary Chris Wright joins 'Squawk Box' to discuss details of the U.S.-Venezuela oil deal, impact on U.S. domestic oil production, volume of oil going through the Strait of Hormuz, and more....

The country's next generation of tycoons looks very different to what came before....

Analysts say Venezuelan crude is hard to extract and refine, and likely can't replace oil stuck in the Strait of Hormuz....

Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. Chevron said that it has been assigned additional acreage in the Orinoco Belt, where it has an established position. Joint venture plans include investing more than $7 billion over the next five years and increasing production to approximately......

SAN RAMON (dpa-AFX) - Chevron Corp. (CVX), the second largest US oil company, announced on Wednesday that it has signed updated agreements with Venezuela that strengthen its joint ventures and exp......