Chevron Completes Acquisition of Hess After Legal Dispute with ExxonMobil
Chevron has successfully completed its $53 billion acquisition of Hess after winning a legal battle against ExxonMobil.
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The New York Times Reviews Failed U.S. Swap of Venezuelans Detained in El Salvador
Front view of the Terrorism Confinement Center (CECOT), a Salvadoran megaprison where over 200 Venezuelan migrants deported from the United States…
Javier La Rosa Assumes Global Leadership Role at Chevron from Houston, Overseeing Strategic Assets in the Americas, Asia, Europe, and the Middle East
Chevron restructures its executive leadership with the appointment of Javier La Rosa as President of the BAEC (Base Assets and Emerging Countries) portfolio, a key division encompassing energy operations in critical regions and emerging markets. The company also reaffirms its commitment to social programs in Venezuela.
Venezuela Plans a 50% Increase in Gasoline Prices, According to Bloomberg
The increase would have an immediate and profound impact on Venezuelans’ wallets, directly affecting transportation and trade costs. Photo: Archive…
What do we know about the new oil contracts in Venezuela?
An alleged list of companies that signed “productive participation contracts” (CPPs) with PDVSA was recently leaked. There has also been talk of…
Which U.S. companies bought Venezuelan oil?
While Chevron was the main U.S. producer of Venezuelan oil, the product found a long list of buyers in the East Coast.
Reuters: Venezuela Stabilizes Its Oil Exports in May Thanks to More Shipments to China
The Jose Blending Plant of PDVSA, located in the José Antonio Anzoátegui Industrial Complex in Barcelona, Anzoátegui, was expanded in…
Delcy Rodríguez States That Joint Ventures with Chevron, Repsol, Eni, and M&P Remain in “Full Production”
Venezuela’s Vice President and Minister of Hydrocarbons, Delcy Rodríguez, stated that oil fields operated in partnership with U.S. and European companies remain in “full production”.
Reuters: Chevron terminates contracts in Venezuela, but plans to maintain employees
Chevron has already terminated all its contracts for oil production, services, and procurement for Venezuela upon the expiration of its license.
Rate Gap Nears 50% Following Elections and Chevron’s Final License Termination
The shortage of official foreign currency has directly impacted prices and the purchasing power of Venezuelans. Photo: Archive Guacamaya, May…