Thursday, January 23, 2025
U.S. grants Chevron another three months for Venezuela operations- oil and gas 360

U.S. grants Chevron another three months for Venezuela operations

Reuters CARACAS – The U.S. Treasury Department on Saturday granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22. The United States last year imposed sanctions that barred imports of Venezuelan oil and transactions made in U.S. dollars with Venezuela’s state-run oil company PDVSA. The move was

Houston area company lands two-year 'electric fracking' deal- oil and gas 360

Houston area company lands two-year ‘electric fracking’ deal

Houston Chronicle A company headquartered in The Woodlands has landed a two-year contract to provide electric fracking services that will replace diesel-powered generators with natural gas produced on site. In a Monday morning statement, Evolution Well Services announced the a two-year deal to provide electric hydraulic fracturing services to an unnamed exploration and production customer beginning this quarter. “Our clients

Oil rises as Libya declares force majeure in oilfields-oil and gas 360

Oil rises as Libya declares force majeure in oilfields

Reuters LONDON – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. Brent crude LCOc1 was up 59 cents, or 0.9%, at $65.44 by 1442 GMT, having earlier touched $66 a