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05.06.25 - 16:24
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Venezuela Partners With Smaller Oil Firms as Chevron Scales Back (Bloomberg)
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Venezuela's state-run oil company has signed at least nine new deals with foreign service providers, including two Chinese firms, in an effort to keep dollars flowing into the economy after US sanctions forced Chevron Corp. to end production, according to people familiar with the agreements....
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29.05.25 - 03:15
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Venezuela′s Shadow War Over Oil-Rich Essequibo Is Escalating (ZeroHedge)
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Venezuela's Shadow War Over Oil-Rich Essequibo Is Escalating
Authored by Charles Kennedy via OilPrice.com,
Following ExxonMobil's massive 2017 oil discovery offshore Guyana, Venezuela has revived and intensified its claim over the Essequibo region.
A series of cross-border attacks on Guyanese troops, including three on May 15, points to a potential Venezuelan strategy of deniable, Russia-style hybrid warfare.
The U.S. has warned Venezuela that any attack on Guyana or ExxonMobil would carry serious consequences.
A quiet frontier in South America is rapidly becoming one of the world's most volatile energy flashpoints.
The disputed region of Essequibo, a sparsely populated expanse administered by Guyana but claimed by Venezuela, has seen tensions simmer for years. But a combination of geopolitical ambition, economic desperation, and energy opportunity is now threatening to tip the standoff into open conflict.
At stake is one of the most valuable stretches of territory in the worl...
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20.05.25 - 17:48
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US Set to Extend Chevron′s Venezuela Waiver by Another 60 Days (Bloomberg)
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The Trump administration is set to extend Chevron Corp.'s deadline to halt its operations in Venezuela by another 60 days as the US continues negotiations with President Nicolas Maduro's government over the fate of US detainees in the country, a person familiar with the matter said....
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01.05.25 - 04:12
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Zombie Tankers Emerge In Venezuelan Oil Trade (ZeroHedge)
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Zombie Tankers Emerge In Venezuelan Oil Trade
An increasing number of "zombie" or "phantom" oil tankers—vessels that assume the identities of scrapped ships—have emerged off Venezuela's coast, allowing dark fleet operators to circumvent U.S. trade restrictions on global oil transport.
According to a Bloomberg report, one of these zombie tankers was recently spotted off the waters of Malaysia after a two-month voyage from Venezuela, raising many red flags.
The report describes how dark fleet operators transform tankers into floating zombies:
The vessel raised some red flags: it was 32 years old, past the age at which it would normally have been scrapped, and it was sailing under the flag of Comoros, a popular flag of convenience that makes ships harder to monitor.
For all intents and purposes, though, it seemed like any other so-called dark fleet tanker that carries barrels of sometimes sanctioned oil from producers like Russia, Iran and Venezuela. Except it was...
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