Browsing Tag
Venezuela
41 posts
NABEP expands Maracaibo and Orinoco operations after first U.S. oil shipment as production growth accelerates
North American Blue Energy Partners expects its Venezuelan rig fleet to reach 41 units during November after reporting production of 223,509 barrels of oil equivalent per day. The expansion follows a U.S.-backed agreement covering 17 oilfields, but equipment commissioning, field rehabilitation and financing remain central to the company's ambition to exceed one million barrels of daily oil production.
Chevron (CVX) profit surges to $9.9bn as refining boom offsets lower oil production
Chevron's third-quarter results show an exceptional improvement in downstream profitability and cash generation, even as oil and gas production declined from the previous year.
María Corina Machado returns to Venezuela as election demands challenge Delcy Rodríguez
Nobel Peace Prize laureate María Corina Machado has returned to Venezuela after months abroad, intensifying pressure for a presidential election under the U.S.-backed interim administration.
Rubio urges Reliance to refine more Venezuelan oil as US-India trade talks advance
U.S. Secretary of State Marco Rubio wants Reliance Industries to expand purchases of Venezuelan crude and potentially participate in oil production as Washington pursues closer energy ties with India.
Halliburton signs Venezuela energy agreements with Eneva and WESCA
The oilfield-services group will pursue development opportunities with Brazil's largest private natural-gas operator and support separate field evaluation work, but neither memorandum yet represents a revenue contract.
US removes Venezuela from ‘failed demonstrably’ drug-control category as Colombia remains listed
Venezuela remains classified as a major drug-transit or producing country but has been removed from the smaller US category of governments deemed to have failed demonstrably on counternarcotics.
UK restores ambassador to Venezuela as London begins cautious diplomatic re-engagement with Caracas
Britain will upgrade diplomatic relations with Venezuela by appointing an ambassador while insisting that the move does not change its assessment of disputed Venezuelan elections.
NABEP’s reserve base is enormous, but its $100bn Venezuela plan still has to find the capital
North American Blue Energy Partners is set to control 17 Venezuelan oilfields containing about 65 billion barrels while targeting more than 1 million barrels a day of production. The unprecedented structure gives the U.S. government a 35% equity stake and preferential access to output, but the real commercial test is whether NABEP can finance and execute a proposed $100 billion infrastructure programme across fields that have suffered years of underinvestment.
Grupo Nutresa revenue rose just 2.4%. So how did EBITDA jump 32% in the first half of 2026?
Grupo Nutresa widened its reported EBITDA margin to 19% in the first half of 2026 as Colombia growth, lower input costs and operational efficiencies outweighed a strong peso. The bigger question is whether that margin expansion can persist while leverage, foreign-exchange effects and regional acquisitions reshape the group.
Cuba blackout leaves 10 million in darkness as national grid collapses for sixth time
Cuba’s grid collapsed for the sixth time in 2026, leaving millions without power as fuel shortages and ageing plants deepen the crisis.