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Chevron, Eni commit to expand oil projects in Venezuela under US eye

Chevron, Eni commit to expand oil projects in Venezuela under US eye

By Timothy Gardner and Vivian Sequera CARACAS, Sept 2 (Reuters) - U.S.' Chevron, Italy's Eni and other foreign energy producers committed on Wednesday to major project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez and U.S.
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Days after Trump announces Venezuela oil deal, White House fills in some of the details

Days after Trump announces Venezuela oil deal, White House fills in some of the details

The White House says it’s partnering with North American Blue Energy Partners in a deal that will give the Pentagon a stake in Venezuela’s vast oil reserves
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Chevron expanding in Venezuela as Trump deal claims more oil reserves

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
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Exclusive-US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

Exclusive-US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

By Steve Holland and Jarrett Renshaw WASHINGTON, Aug 31 (Reuters) - U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday.
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US to urge hands-off AI regulation at G-20, official says

US to urge hands-off AI regulation at G-20, official says

By Courtney Rozen WASHINGTON, Sept 1 (Reuters) - The U.S. will aim to persuade G-20 members to take a hands-off approach to regulating AI, according to a Trump White House official, at a gathering of industry titans and commerce ministers that begins on Tuesday in North Carolina. 
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Fox News Host Rachel Campos-Duffy Questions President Trump's Venezuela Oil Deal

Fox News Host Rachel Campos-Duffy Questions President Trump's Venezuela Oil Deal

Fox News host Rachel Campos-Duffy, wife of Transportation Secretary Sean Duffy, publicly questioned President Trump's recently announced oil deal with Venezuela. President Trump declared on Friday that he had secured "THE BIGGEST OIL DEAL IN WORLD HISTORY" with Venezuela's acting President Delcy Rodríguez, which would grant the U.S. majority control over Venezuela's 65 billion barrels of proven oil reserves. This agreement has drawn criticism because Rodríguez was not elected by the Venezuelan people but was installed as interim president by President Trump after U.S. Special Forces reportedly abducted former dictator Nicolás Maduro in January. Campos-Duffy expressed her concern that the deal was made without elections in Venezuela, stating that she believed the primary purpose of removing Maduro was to liberate the Venezuelan people and allow for a proper transition. She noted that Venezuelans do not trust Rodríguez and that President Trump's motivations would be questioned until elections occur.
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Fox Host Rachel Campos-Duffy Questions President Trump's Venezuela Oil Deal

Fox Host Rachel Campos-Duffy Questions President Trump's Venezuela Oil Deal

Fox News host Rachel Campos-Duffy, wife of Transportation Secretary Sean Duffy, publicly criticized President Trump's recent oil deal with Venezuela. President Trump announced on Friday that he had secured an agreement with Venezuela's acting President Delcy Rodríguez, granting the U.S. majority control over Venezuela's 65 billion barrels of proven oil reserves. This deal has drawn scrutiny because Rodríguez was installed as interim president by President Trump after U.S. Special Forces reportedly abducted Nicolás Maduro. Campos-Duffy expressed her concern on 'Fox & Friends Weekend' that the deal was made without elections in Venezuela, questioning the primary purpose of removing Maduro if it wasn't to allow the Venezuelan people to choose their leader. She highlighted that Venezuelans reportedly do not trust Rodríguez and that President Trump's motivations would be questioned across Latin America until elections occur. No official text or details of the agreement have been released.
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Chevron expands Venezuela position, to invest $7 billion in next five years

Chevron expands Venezuela position, to invest $7 billion in next five years

Sept 2 (Reuters) - Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.
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U.S. Government Secures Major Oil Deal with Venezuela, Raising Questions on Fuel Prices and Long-Term Impact

U.S. Government Secures Major Oil Deal with Venezuela, Raising Questions on Fuel Prices and Long-Term Impact

President Trump has announced an agreement with Venezuela, which he described as the 'biggest oil deal in world history.' This deal involves Venezuela's interim president, Delcy Rodríguez, granting 100-year concessions to develop 17 oil fields to a joint venture between the U.S. government and North American Blue Energy Partners. These fields are estimated to hold 65 billion barrels of oil. The Pentagon’s Office of Strategic Capital will take a 35% equity stake in North American Blue Energy Partners. Under the agreement, the U.S. government is guaranteed 20% of oil off-take at cost and has the right of first refusal to purchase the remaining 80%. Additionally, a majority of North American Blue Energy Partners’ board members must be U.S. citizens, and the U.S. government holds veto power over the board of directors. The Trump administration claims this agreement will double U.S. oil reserves and reduce fuel prices for American consumers, a move partly aimed at addressing voter concerns about affordability a...
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President Trump Meets with Oil Executives Amidst Rising Gas Prices, ExxonMobil CEO Excluded

President Trump Meets with Oil Executives Amidst Rising Gas Prices, ExxonMobil CEO Excluded

President Trump held a meeting with oil executives on September 1 as the average price per gallon of gas in the United States reached over $4. The meeting, discussed on MS NOW's 'Money, Power, Politics with Stephanie Ruhle,' included various oil refiners, but notably excluded Darren W. Woods, the CEO and chairman of ExxonMobil, the third-largest oil company. Chevron CEO Mike Wirth was expected to attend. The exclusion of ExxonMobil's CEO was attributed to his past comments regarding Venezuela, where he stated in January that the country was 'un-investible' and that Exxon had 'lost our shirts' trying to do business there over the last 50 years. This situation has led to discussions among panelists about 'Crony Capitalism' and the motivations behind such high-level corporate engagements with the administration.
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Trump administration plans $4 million for right-wing media in Europe, sources say

Trump administration plans $4 million for right-wing media in Europe, sources say

(Refiles to add administration in headline, no change to text) By Humeyra Pamuk and Paul Carsten WASHINGTON/BERLIN, Aug 31 (Reuters) - President Donald Trump's administration is planning to spend $4 million to bolster right-wing media in Europe, part of a package of at least $25 million for civil
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The Latest: US pump prices remained above $4 a gallon throughout August for first time, AAA says

The Latest: US pump prices remained above $4 a gallon throughout August for first time, AAA says

Venezuelans are outraged and the oil industry is waiting for details on President Donald Trump’s announcement that Venezuela’s acting president has agreed to give an unnamed U.S. company control of vast amounts of the South American country’s untapped oil reserves