The French far-right has filed a motion of no confidence against the PM regarding the new energy law
The National Rally party of France, which is far right, submitted a motion of no confidence against the government on Monday following the 'adoption' of a new 'energy law. The motion will likely fail…
Sources say that Venezuela's PDVSA has expanded its oil fields to joint venture partners.
Three sources familiar with the matter have confirmed that PDVSA, Venezuela's state-run petroleum company, is in talks with its joint-venture partners to offer them expansions of?the oilfields assigned to their projects.
Sources say that Venezuela's PDVSA has expanded its oil fields to joint venture partners.
Three sources familiar with the matter said that the state-run PDVSA of Venezuela is currently in discussions with its joint venture partners including Chevron Repsol and Maurel & Prom to expand…
US Energy Secretary to Arrive in Venezuela With Herculean Task of Oil Recovery
This week, the U.S. Department of Energy Chris Wright will visit Venezuela. It is the highest-level U.S. The OPEC country has not had a visit to discuss energy policy in almost three decades.
Over the objections of the government, French Senate approves a proposal to allow oil exploration in overseas territories
The French Senate approved by a large majority a proposal on Thursday to allow oil and gas exploration within its overseas territories. This followed a heated debate which pitted the country's…
Sources say that the US will issue a general license to lift some sanctions against Venezuelan oil industry
Four sources said that the U.S. is preparing to issue a license to lift sanctions against Venezuela's energy industry. This would be a shift from the previous plan of granting individual exemptions…
Venezuelan oil reform encourages immediate investments, but executives still need to go deeper
Foreign and local executives and attorneys said that a proposed reform to Venezuela's oil laws is sufficient to encourage existing companies to expand, and to start investing. However, deeper…
Houston, the US oil capital, is buzzing as industry prepares for Venezuelan oil rush
Matthew Goitia explains his idea in a bar downtown Houston. He wants to build and refurbish marine terminals for Venezuela that will allow crude oil to be blended and exported, and chemical products shipped.
Documents show that Venezuela's proposed oil-reform will give companies operating autonomy and cash proceeds to companies.
Drafts of a proposed overhaul of Venezuela's hydrocarbons laws showed that foreign and local companies could operate oilfields independently through a new model of contract, commercialize the?output?…
The US-Venezuela Relationship as Seen Through the Price of an Oil-Linked Bond
The increased pressure from the United States on Venezuelan President Nicolas Maduro and his government has brought to light the defaulted debts of Venezuela, including those of Petroleos de Venezuela (PDVSA)…
Venezuela extends oil joint ventures with Russia for 15 years
According to a TV broadcast of a session, the Venezuelan National Assembly approved on Thursday a 15-year renewal of joint ventures that are operated by the state company PDVSA in conjunction with a unit from Roszarubezhneft of Russia.
French farm bill sparks record-breaking petition signatures
The petition, which was against a French Farm Bill that relaxed environmental regulations for farming and included the use of pesticides accused of harming honeybees, set a new record in terms of signatures.
Senegal announces a 25-year plan for economic and social development
Senegal’s government released a 25-year plan of development on Monday. It said that the plan would lay the groundwork for economic sovereignty by focusing on competitiveness, resource management sustainability and good governance.
France will stick to its wind energy development targets
The French government is targeting a growth rate in onshore wind energy of 1.5 gigawatts per year, said Energy Minister Olga Givernet on Wednesday. This would be in line the renewable energy goals set by the previous government.
Senegal president announces election of parliament on November 17
Senegal's President Bassirou Diomaye Faye dissolved Thursday the national assembly led by the opposition, paving the way for legislative elections to be held early on November 17. Faye, the new leader of the country…
Chevron Cleared to Stay in Venezuela
The Trump administration said on Friday it has renewed Chevron Corp's license to drill for oil and gas in Venezuela despite sanctions, signaling it sees value in having the U.S. oil producer…
Trump Camp Split on Chevron's Venezuela License
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it…
CITGO Formally Cuts Ties with PDVSA
U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people close…
Citgo's New Board Arrives, to Hold First Meeting
A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters…
Venezuela Court Move May Spook Non-Russian Oil Majors
The sight of Venezuela's National Assembly president tearing up a Supreme Court ruling and warning foreign firms against making deals with the leftist government will no doubt resonate in international boardrooms.