The Maduro government is accusing the oil company of lobbying to facilitate competitor Chevron’s departure from Venezuela, while also claiming multi-billion-dollar oil wells in Guyana as its own
Of these, 16 are state-owned, according to a report that tracks the climate footprint of oil, gas, coal and cement producers
The slight economic growth of recent years could be hampered by fiscal imbalances
American physicist David Keith is the best-known promoter of solar geoengineering, a controversial alternative in the fight against climate change
Under Obama, Biden and Trump, Washington has introduced economic measures against the Maduro government. Here is an overview of how these moves have impacted the country
122 companies and entities are responsible for 72% of all the carbon dioxide emitted by the fossil and cement sector since the beginning of the Industrial Revolution
The full extent of the damage to the Liberian-owned ship remained unclear, but the crew abandoned the ship and deployed lifeboats
The acquisition of Hess would add a major oil field in Guyana, but it will require the approval of Exxon Mobil and a Chinese national oil company
California, Oregon and Washington already enforce low carbon fuel standards. The bill would require producers of high-polluting fuels to buy credits from producers of low-carbon fuels
It would be the third largest producer in the Permian behind Exxon and Chevron, overseeing 838,000 acres and potentially producing 816,000 oil-equivalent barrels each day
The acquisition comes at a time when there’s increasing consolidation in the energy sector. In October Exxon Mobil announced that it was buying Pioneer and Chevron acquired Hess
Chevron posted a third-quarter profit of $6.53 billion. Lofty crude prices have fueled a shopping spree this year as Exxon acquired Denbury and Pioneer, and Chevron bought Hess
An increase in Venezuelan oil production may open the door to a debt restructuring, according to the financial sector
Berkshire bought nearly 4 million more shares of the Houston-based oil producer to give it more than 228 million shares and control of nearly 26% of Occidental
The acquisition of Hess adds a major oil field in Guyana as well as shale properties in the Bakken Formation in North Dakota. High crude prices mean big drillers are flush with cash and looking for places to invest
Maduro’s government agreed to open up the electoral process, including allowing European Union observers and creating a process for lifting bans that have blocked his top opponents from running for president
The Administration is trying to navigate between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling in the fight against climate change
As originally proposed in March, the sale would have made 73 million acres of offshore tracts available for drilling leases. That area was reduced to 67 million acres in August when Interior’s Bureau of Ocean Energy Management announced final plans for the sale
The expansion of multinational licenses for oil exploration have brought much-needed funds to the bankrupt Venezuelan treasury. However, serious bottlenecks persist, due to international sanctions and the collapse of the credit system
The auction was the first in the Gulf in more than a year and drew interest from companies like ExxonMobil, Shell and Chevron. The sale was mandated by last year’s climate bill compromise
