Biden administration authorises US oil company Chevron to open talks with Maduro's government, temporarily lifting a ban on such discussions, senior administration officials say.
After a political stalemate of three years that has seen economic and social conditions in Venezuela deteriorate, Washington wants to encourage President Nicolas Maduro to negotiate with his opponents.
Part of the reticence to spend more to drill comes as the oil giants ramp up investment in hydrogen, carbon capture and storage and other low-carbon ventures amid pressure from environmental, social and governance (ESG) investors.
The exit decision from oil majors came after the two companies faced increasing pressure over their role in running gas fields in Myanmar.
While Russia is the most influential power in Kazakhstan, the Netherlands and the US are the two biggest investors in Central Asia’s largest state.
The arrest of environmental lawyer Steven Donziger is yet another example of an ongoing pattern of corporations using the US legal system to intimidate advocacy organisations and activists.
Lebanon and Israel began negotiations about their Mediterranean Sea maritime borders in October to try to resolve a dispute that has held up hydrocarbon exploration in the potentially gas-rich area. Here's what we know:
The Covid-19 pandemic has caused a drop in demand and prices like never before. Here’s how global oil giants are dealing with the mounting losses.
The ruling is largely symbolic as Chevron no longer operates in the South American country, meaning that Ecuador's government will have to pursue assets owned by the San Ramon, California-based company in foreign courts.
Some of the world's largest petroleum companies are investing in renewable energy. That's partly due to public concerns over climate change and uncertainty about the future. And amid all this, once high-paying jobs in oil are at risk.
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