Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches

Appointees, a donor and a recent administration official are among those capitalising on US control of beleaguered energy sector

U.S. President Donald Trump's oil deal with interim Venezuelan President Delcy Rodriguez is being rejected by the Venezuelan opposition, and by some in her own party. Venezuelan Canadians, some with long careers in the oil industry, say the deal is illegitimate and will be…

Critics call the US multi-billion-dollar oil deal in Venezuela modern-day colonialism.

Opposition leader says interim government lacking democratic mandate to negotiate on natural resources The Venezuelan opposition leader María Corina Machado has questioned Donald Trump’s oil deal with Venezuela’s interim government, saying the country’s natural resources do not…

A visual look at how Washington’s relationship with Caracas has gone from cordial to ‘predatory’ Trump ally defends Venezuela oil deal amid ‘gunpoint diplomacy’ criticism Nobel laureate Machado: ‘Illegitimate’ Venezuela regime has no right to strike US oil deal Written in the…

Big Oil has often employed the “hang around” playbook: secure legal rights to a giant resource — and then, eventually, figure out how to produce it profitably. But few companies have taken it to the extremes of Chevron Corp.

{beacon} Energy & Environment Energy & Environment The Big Story Chevron plans to double its Venezuela oil production Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. © AP Photo/Rogelio V. Solis, File The company said…

New access to Venezuelan supplies could support India's efforts to diversify its sources amid disruptions and uncertainties in Gulf energy markets