Two Chevron Employees Could Face Treason Charges
The draft charges that used the word treason, seen by Chevon’s own lawyers last week, may put Chevron squarely in the middle of the escalating feud between PDVSA and foreign Continue Reading
U.S. says ex-official at PDVSA unit pleads guilty to money laundering
A former official of a subsidiary of Venezuela’s state oil company PDVSA pleaded guilty on Thursday to a U.S. charge of conspiracy to commit money laundering, the U.S. Justice Department Continue Reading
Funding emerges for company with a Cuban energy footprint
Melbana Energy, an Australian company with operations in Cuba and New Zealand, said it secured a $2.5 million loan to help finance its operations. The company said it secured the Continue Reading
Panama Canal to cut transit draft to 48 feet on April 27: ACP
The Panama Canal Authority (ACP) will reduce the maximum draft for vessels transiting the Neopanamax locks to 48 feet or 14.63 meters tropical fresh water starting April 27, it said. Continue Reading
Venezuelan Oil Enters The Disaster Zone
The decline of Venezuela’s oil production for the foreseeable future has been assumed, and to a large extent, already priced into the market. However, an acceleration in the rate of Continue Reading
Two Chevron Employees Arrested In Venezuela
Venezuelan intelligence services have arrested two local employees of Chevron, Reuters reports , citing unnamed sources. The reason for the detention has not yet been established. Neither the company, nor Continue Reading
The Panama Canal Needs To Be Expanded Again
When the Panama Canal was expanded, it drew a lot of enthusiasm, with many seeing U.S. oil and gas exports surging thanks to the wider waterway that cuts the journey Continue Reading
Under military rule, Venezuela oil workers quit in a stampede
Chauffeured around in a sleek black pick-up, the head of Venezuela’s oil industry, Major General Manuel Quevedo, last month toured a joint venture with U.S. major Chevron. FILE PHOTO: A Continue Reading
Ecuadorians Challenge Chevron Over $9.5B Award In Canadian Court
Ecuadorian farmers and indigenous people will seek to show an Ontario Court of Appeal this week that Chevron Canada is legally liable for a US$9.5-billion award that the Ecuadorians won Continue Reading
Venezuela empowers oil minister Quevedo to reform energy sector
President Nicolas Maduro has decreed extra powers to his oil czar Manuel Quevedo to try and halt sliding crude output in crisis-hit Venezuela, which has sunk to its lowest level Continue Reading