Saturday, November 23, 2024

Chevron’s Biggest Venezuela Oil Venture Hit Hard by Outages

From Bloomberg Chevron Corp.’s largest producing joint venture with Venezuela is still struggling to resume normal operations after rolling blackouts temporarily knocked oil output to zero. Production at Petropiar, an oil upgrader jointly owned by Chevron and state-owned Petroleos de Venezuela SA, fell by half from February to March as the government rationed electricity in the Orinoco Belt, according to

Iraq Valve- oilandgas360

Iraq Will Deliver Third-Biggest Chunk of New Oil Over Next Decade, IEA Says

From Bloomberg Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30 percent, according to the International Energy Agency. The OPEC member will raise output to almost 6 million barrels a day by 2030, overtaking Canada as the world’s fourth-largest producer, as it continues to rehabilitate an oil industry ravaged