oil Archive

militaryAfter a coup Venezuela will still be corrupt and will follow the bribes from China and Russia

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Analysis from Foreign Policy Review and the Miami Herald indicate the likelihood that China and Russia will continue to pay for a lot of influence in Venezuela and will build on existing relationships. The current situation in Venezuela is untenable. …

energyConoco takes Venezuela's Caribbean oil facilities further crippling Venezuela oil exports

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U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its …

energyConoco takes Venezuela's Caribbean oil facilities further crippling Venezuela oil exports

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U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its …

africaThe Next Oil Boom Is About To Happen Here

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It’s one of the most unbelievable energy stories of the year. A Chinese oil company was sitting on what might be a major oil discovery – a 182-million-barrel probable reserve, with great potential to grow. They spent hundreds of millions …

energyIranian currency crisis, possible sanctions, and political stability

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Iran’s currency, the rial, lost some 20% against the US dollar in two weeks as Iranians rushed to hedge against depreciation of their assets. Some fear an imminent collapse of the nuclear deal and return of economic sanctions. On Monday …

dronesDrone attack Saudi oil facility and Trump threats to Russia boosts oil prices

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Yemen’s armed Houthi movement said on Wednesday it had launched a drone strike on a facility belonging to oil giant Saudi Aramco in southern Saudi Arabia – though the company said its plants there were operating “normally and safely”. Saudi …

energyBahrain has its largest oil and gas find at 80 billion barrels of shale oil

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Bahrain announced the discovery of 80 billion barrels of shale oil which is its largest oil and gas find ever. The tight oil was discovered in the offshore Khalij Al-Bahrain Basin, which spans some 2,000 square kilometers (770 square miles) …

energyVenezuela’s leaders uncertain control of the Military and downward trend in oil production are the keys

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Miami Herald and Marco Rubio are Anti-Maduro (leader of Venezuela). Conditions are terrible for the people in Venezuela. Gangs are fighting with machetes over “quality garbage”. There are shortages of running water and almost no medical supplies. The US has …

blockchainVenezuela oil collapse funds technology for US in 2050 to match Russia and Saudi Arabia combined production

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Future growth in U.S. crude oil and natural gas production is projected to be driven by the development of tight oil and shale gas resources. The outlook for domestic crude oil and natural gas production is highly sensitive to resource …

deathsTrump bans US from buying oil backed Venezuelan Cryptocurrency

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Trump issued an order on Monday prohibiting U.S. citizens from engaging in transactions using the oil-backed currency, called the Petro. He authorized Treasury Secretary Steven Mnuchin to issue any necessary regulations to enforce his order. Maduro created the currency to …