A Venezuelan company that is wholly owned by an American parent company supplied oil rigs to various agencies of the Venezuelan government.
Venezuela
Supreme Court Decides Bolivarian Republic Of Venezuela V. Helmerich & Payne International Drilling Co.
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We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Venezuela Energy Crisis, Q1 Data & Aviation Climate Study
By Conor O'Sullivan
The Venezuelan government is planning to cut the working day for public sector workers down to five-and-a-half hours in a drastic attempt to conserve energy. “The initiative is part of a nationwide electricity rationing plan. Vice-President Jorge Arreaza said there had been a surge in energy demand due to extremely hot weather. He said state… Keep reading →
Energy News Roundup: Coal Divestment, Oil Production Deficit and Venezuelan Economy Struggling
By Conor O'Sullivan
The world’s richest sovereign wealth fund severed ties with 32 coal mining companies, removing them from its portfolio in 2014, based on the risk of facing regulatory action on climate change. “Norway’s Government Pension Fund Global (GPFG), worth $850bn (£556bn) and founded on the nation’s oil and gas wealth, revealed a total of 114… Keep reading →
Energy Quote of the Day: ‘…Reassured about Health of the Custodian of the Two Holy Mosques’
By Jared Anderson
This morning began with rumors that Saudi King Abdullah bin Abdulaziz Al Saud had died, though it quickly became clear this was not the case. However, King Abdullah has been in poor health for years and is currently hospitalized undergoing treatment for pneumonia. The Saudi Press Agency (English version) confirmed that King Abdullah was still… Keep reading →
Energy News Roundup: Petrobras Corruption Reaches Highest Levels, Venezuelan Economy Shutters & BMW Taking On Tesla?
By Jared Anderson
There is a saying in Brazil, “he who steals a little is a thief but he who steals a lot is a baron.” Apparently, executives at Brazilian oil giant Petrobras were stealing a lot. Corruption charges are turning the company upside down as investigators unravel kickback schemes and inflated construction budgets that involved some of the country’s largest firms.… Keep reading →
Energy News Roundup: Opec Increasingly Irrelevant? Cuba Needs New Friends and Egypt Starts Fracking
By Jared Anderson
Times are changing and Opec is not what it once was in terms of oil price influence, but it’s too soon to completely dismiss the producer group that collectively controls such a large share of the world’s oil production, reserves, exports and thus supply. In this article, a Saudi diplomat argues his country “gets… Keep reading →
Energy News Roundup: Oil Strongmen Are Weird, Russian Bread Prices Spike and US States Support EV Charging Stations
By Jared Anderson
Here’s an interesting look at the peculiar personalities that often accompany top leadership in major oil producing countries like Russia, Iran and Venezuela. “If oil is a factor in the petrostate personality, one might ask whether we might see some change in the leaders, since oil prices have tanked by about 40% in the last… Keep reading →
Energy News Roundup: Venezuelan Debt Default? FERC Investigates Polar Vortex and India’s 15GW-Solar Program
By Jared Anderson
Analysts and investors are trying to figure out the point at which oil prices fall too low for Venezuela to continue servicing its debt. The country’s export revenues are 95% oil reliant. “But this week’s fall in the oil price has further fomented worries of a possible default, pushing up Venezuelan bond yields to more than 18… Keep reading →
Energy News Roundup: US Methane Hot Spot Discovered, Exxon Wins Small in Venezuela and Nobel Prize for LEDs
By Jared Anderson
Scientists using satellite data discovered a major source of methane emissions in the Four Corners region of the US Southwest that comprises Arizona, Utah, New Mexico and Colorado. The methane appears to be coming from coal-bed methane mining operations. “The hotspot, which predates the current hydraulic fracturing, or fracking, boom in the region, is over… Keep reading →
Energy News Roundup: $15B Israeli Gas Deal, $5B Marcellus Gas Pipeline and Venezuelan Leadership Shakeup
By Jared Anderson
The companies developing the Leviathan field off the coast of Israel have reportedly signed an initial agreement with a Jordanian power company for a multi-billion dollar, long-term natural gas supply deal. “Under the terms of the latest agreement, the gas is to be sold at oil-linked prices and will be delivered to a border location… Keep reading →
