Geopolitical events in the Middle East and fears of escalation may stand to benefit Venezuela both indirectly from a run-up in oil prices and directly through further easing of U.S. sanctions.
In an exclusive Q&A, PPHB Managing Director James “Jim” K. Wicklund talks U.S., Canadian and Mexican LNG projects, difficulties Tellurian is having with its Driftwood LNG project and why the world may miss its net zero ambitions in 2050.
The U.S. Office of Foreign Assets Control (OFAC) issued a license that authorizes some transactions by Venezuela’s oil and gas industry for a limited time, but a meaningful production ramp up would require massive investments over multiple years, analysts say.
A potential deal between Washington and Caracas to ease sanctions on Venezuela could see the South American country boost production by 200,000 bbl/d—a relative drop in the bucket for world oil markets, Rystad Energy says.
Venezuela’s U.S.-based refining arm Citgo Petroleum is a step closer to reaching a theatrical climax as a court ordered sale date quickly approaches.
Northern Oil Gas CEO Nicolas (Nick) O’Grady spoke last week in Dallas at the A&D Strategies conference with Pietro D. Pitts, Hart Energy’s international managing editor, to discuss his views on the changing of the guard of sorts that the oil and gas industry is undergoing as it attracts a more diverse workforce.
Natural gas from the Permian Basin will anchor Mexico’s Pacific’s Saguaro Energía LNG facility and offers a cheaper supply for premium LNG markets, Tyler Kruse, vice president of corporate finance, Mexico Pacific Ltd. said during a Hart Energy conference.
As Chinese and Venezuelan relations grow closer, the U.S. scrambles to salvage its failed sanctions strategy against President Nicolás Maduro.
Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.
The governments of Venezuela and Trinidad and Tobago signed an inter-institutional agreement related to joint hydrocarbon projects and bilateral trade between the countries.
