News
January 15, 2026
U.S. oil producers will need firm guarantees against asset seizures before returning to Venezuela, according to shale executive and Trump ally Harold Hamm, underscoring the geopolitical risks still shaping investment decisions.
News
January 14, 2026
Eco Atlantic and partner Navitas are in talks with Guyana to preserve appraisal rights on the Orinduik Block, following the expiry of the license’s renewal term, as the companies seek approval to advance work on existing offshore discoveries.
News
January 13, 2026
TotalEnergies CEO Patrick Pouyanné says reviving Venezuela’s oil industry will take years and billions in investment, limiting its impact on global oil markets in 2026.
News
January 13, 2026
EnerMech has secured a subsea pre-commissioning services contract from Saipem for the Whiptail development offshore Guyana, adding to its growing portfolio of Stabroek Block projects operated by ExxonMobil Guyana.
News
January 12, 2026
During a Monday press call previewing API’s 2026 State of American Energy event, API President and CEO Mike Sommers framed Venezuela as both a cautionary tale and a long-term opportunity—one that will take time, capital and policy reform to meaningfully affect global balances.
News
January 12, 2026
U.S. President Donald Trump said he is inclined to exclude ExxonMobil from efforts to revive Venezuela’s oil industry, highlighting growing tensions with U.S. oil companies over investment risks, security guarantees, and post-Maduro stability.
News
January 12, 2026
Navitas Petroleum has signed a non-binding agreement to acquire a 65% working interest in the PL001 licence in the North Falklands basin, adjacent to the Sea Lion development, advancing offshore South Atlantic exploration with multi-billion-barrel potential.
News
January 11, 2026
The Trump administration is pushing for a rapid revival of Venezuela’s oil sector, but political instability, security risks and governance concerns threaten near-term investment. Oil executives warn that without durable protections and clarity, billions in upstream capital may remain on the sidelines.
News
January 09, 2026
Oil executives struck a cautious tone on Venezuela during Friday's White House meeting with President Trump, underscoring concerns over security, legal protections and investment risk—even as the administration presses to revive the country’s long-declining oil sector.
News
January 09, 2026
Chevron could add up to $700 million a year in cash flow from higher oil production in Venezuela, according to TD Cowen, though analysts expect the company to limit new capital spending until political and fiscal conditions stabilize.
News
January 09, 2026
The Trump administration does not plan to fund a revival of Venezuela’s oil sector, Interior Secretary Doug Burgum said, signaling U.S. energy companies will rely on private capital markets for investment.
News
January 08, 2026
ExxonMobil, ConocoPhillips and other major U.S. oil firms are examining potential roles in Venezuela’s energy sector following the ouster of Nicolás Maduro, Energy Secretary Chris Wright said.
News
January 07, 2026
Canadian heavy crude prices weakened after the Trump administration said it would market Venezuelan oil globally, raising concerns about renewed competition for US Gulf Coast refiners and wider heavy crude price discounts.
News
January 07, 2026
U.S. Energy Secretary Chris Wright says the United States will control Venezuelan oil exports indefinitely, using sales revenue to support economic rebuilding and leverage reforms.
News
January 06, 2026
Trafigura’s leadership says the firm will engage the U.S. government this week on how traders can return to buying crude from Venezuela and supplying fuel, while emphasizing that any comeback depends on OFAC permits and a credible upstream legal framework.
News
January 06, 2026
Expectations that Venezuela could quickly rebound to historic output near 3 MMbpd are running into hard infrastructure and capital barriers, according to commentary from global analyst firms.
News
January 05, 2026
Analysts say Venezuela’s political upheaval is unlikely to disrupt global crude supply in the near term, but uncertainty around sanctions, exports and investment could reshape upstream dynamics in 2026 and beyond, with Chevron viewed as best positioned among U.S. majors.
News
January 05, 2026
Touchstone Exploration has reported thick gas-bearing Herrera sands and a newly identified Karamat gas play at its Carapal Ridge-3 well in Trinidad, with completion and facility tie-in planned for early 2026.
News
January 05, 2026
U.S. Energy Secretary Chris Wright is expected to meet with oil industry executives this week to discuss the potential revival of Venezuela’s oil sector, as companies weigh long-term investment risks following recent political upheaval.
News
January 05, 2026
Chevron and other U.S. oil stocks climbed after President Donald Trump pledged to revive Venezuela’s oil industry following the capture of Nicolás Maduro. Analysts say Chevron, which operates under a U.S. sanctions waiver, is best positioned to benefit, though rebuilding Venezuela’s aging oil infrastructure could take years.
News
January 05, 2026
Transocean has added approximately $168 million to its firm backlog through a new deepwater drilling contract with bp offshore Brazil and a contract extension for its harsh-environment rig offshore Norway, strengthening utilization into 2027.
