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MYSTERIOUS: 3 - You Need To See This

From 280,000 to 600,000 Barrels per Day: Chevron Seeks To Double Venezuelan Oil Production by Injecting $7 Billion

Chevron plans to spend $7 billion over five years, nearly doubling Venezuela output toward a 600,000-barrel daily target, new filings show.

Latin Times

Chevron expands Venezuela presence with $7 billion plan to double oil output in five years

Chevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company aims to double production through its joint ventures to about 600,000 barrels per day over the next five years.

The Economic Times

Trump's Own Former Venezuela Envoy Calls $100bn Oil Deal 'A Terrible Deal' and a New Form of Colonialism

The US-Venezuela £74bn energy deal faces backlash, with critics labelling it modern colonialism. The agreement grants US control over major oilfields, sparking geopolitical and domestic controversy.

International Business Times UK

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American Airlines Resumes Flights to Caracas Thursday — But the Airport It's Landing At Is Still Far From Whole

American Airlines resumes nonstop Miami-Caracas flights Sept. 3, reconnecting Miami's 254,000-strong Venezuelan community after a two-month earthquake gap.

Latin Times

Trump's Venezuela Oil Deal Sells Out Democracy and Free Markets

The Trump administration isn't trying to end socialism in Venezuela. Instead, it is doing socialism in Venezuela.

Reason

Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors

U.S. pursuit of a stake in Venezuelan oil rights amid Middle East supply risks could benefit Chevron, ExxonMobil, and Halliburton, whose recent earnings and stock gains reflect this energy shift.

MarketBeat

Gas Prices Climb as Iran Strikes Resume, Clouding Trump's Venezuela Oil Promise

New U.S. strikes on Iran pushed oil higher this week, clouding Trump's promise that a Venezuela oil deal will soon lower gas prices for Latino voters.

Latin Times

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Marco Rubio Went Before a Venezuelan Audience to Defend Delcy Rodríguez and Alejandro Betancourt But The Questions Got Uncomfortable

Secretary of State Marco Rubio turned to a respected familiar voice to Venezuelans this week as the Trump administration faced mounting criticism over its cooperation with interim Venezuelan leader Delcy Rodríguez and its decision to place controversial businessman Alejandro Betancourt at the center of a historic oil agreement.

Latin Times

The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves

Oil giant Chevron is expanding its operations in Venezuela as some details emerge about President Donald Trump's separate deal for a U.S.-controlled joint venture to develop more of the nation's proven reserves

The Independent UK

Trump ally defends Venezuela oil deal amid ‘gunpoint diplomacy’ criticism

Energy secretary Chris Wright denies US seeks to ‘take’ country’s oil, saying deal is transformation of relations

The Guardian - UK

Chevron To Invest Billions And Double Oil Production In Venezuela After U.S. Deal

The company will invest $7 billion in the country over the next five years.

International Business Times

US oil giant Chevron confirms it will expand operations in Venezuela

Oil giant Chevron is confirming that it is expanding its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits

The Independent UK

Trump Says Venezuela Oil Deal Will Lower Gas Prices. Industry Experts Say It Wouldn't Happen Quickly.

The agreement gives the U.S. government a 35 percent stake in North American Blue Energy Partners.

International Business Times

US energy secretary vows oil output will double on visit to Venezuela

US Energy Secretary Chris Wright landed in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil deal between the US government and Venezuela. The deal would see the US create and control a private company that will hold 65 billion barrels in proven oil reserves. This agreement…

France 24

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The Economic Times

ONGC Videsh eyes Venezuela oil assets after US green light

An Indian investment team is reviewing Venezuelan oil assets after receiving US government approval. This visit marks the first such trip in several years for the company. The team plans to see oil fields and meet with Venezuelan energy officials. They are keen to become operators of existing oil projects…

Euronews

Chevron unveils $7 billion Venezuela deal as US claims a fifth of the country's oil

Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.

Euronews

Venezuela hands the US control over a fifth of its oil in landmark deal

Venezuela's parliament has approved handing the US control of a fifth of its oil reserves, cementing Washington's grip on a government it helped install after toppling President Nicolas Maduro in January.

The Guardian - US

US officials defend Venezuela oil deal amid questions over rebuilding plan

Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exit

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The Independent UK

Venezuela’s main airport partially resumes commercial flights after deadly earthquakes

Venezuela’s main airport has partially resumed operations nearly 10 weeks after two devastating earthquakes

France 24

US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms

The White House on Monday said it’s partnering with North American Blue Energy Partners as part of President Donald Trump’s push to tap into Venezuela’s oil industry, setting up a deal that will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves. Venezuela's ruling…

Latin Times

Is the US-Venezuela Oil Deal for 25 Years or 100? Here's What's Actually Been Signed

Trump says the deal is historic. Rodríguez says 25 years; the White House says 100. Betancourt has laundering probes on three continents.

The Independent UK

Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says

Oil giant Chevron is expected to soon announce it will expand operations in Venezuela, a U.S. official said

France 24

Alejandro Betancourt, the controversial Venezuelan oil tycoon Trump is banking on

US President Donald Trump on Friday announced "the biggest oil deal in world history" – a new deal with Venezuela for "65 billion barrels of oil". Washington is set to take a 35 percent stake in North American Blue Energy Partners, which is owned by controversial Venezuelan oil tycoon Alejandro…

International Business Times

U.S.-Venezuela Oil Deal Includes 100-Year Concessions For Washington-Backed Company

NABEP is the second-largest private oil producer in Venezuela, and has given the U.S. Department of War's Office of Strategic Capital an equity stake of 35% in its corporate parent.

Salon

Trump's slimy Venezuela oil deal

President once said Venezuela's oil was the dirtiest in the world. Now he's trying to steal it

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