The Daily Journal.- U.S. Energy Secretary Chris Wright said the U.S. government’s participation in oil projects in Venezuela could help reduce political risk for investors and provide a measure of stability in the event of future changes in government. Wright made the remarks during an interview with Charlotte Howard, U.S. editor of The Economist. His […]
Continue Reading
The Daily Journal.— President Donald Trump’s administration seeks greater U.S. access to Venezuela’s mineral resources, including gold, after securing control over 65 billion barrels of the South American country’s proven oil reserves. In that regard, the U.S. administration has expanded its efforts to gain influence over the Caribbean nation’s vast natural resources beyond hydrocarbons, according […]
Continue Reading
The Daily Journal.— General Electric (GE) Vernova plans to create more than 1,000 local jobs as part of a strategic partnership signed Wednesday to restore and stabilize electrical infrastructure supporting Venezuela’s oil industry, a senior executive from the U.S. company announced during a ceremony at Miraflores Palace. GE Vernova Venezuela President Carlos Mousadi and Petróleos […]
Continue Reading
The Daily Journal — U.S. investment firm Lionheart Capital is close to finalizing a $400 million agreement to acquire a stake in the PetroUrdaneta oil field, according to a Bloomberg report. Bloomberg reported that Miami-based Lionheart “signed a non-binding letter of intent with Swedish firm Keo Capital AB, which holds an interest in PetroUrdaneta.” Transaction […]
Continue Reading
