Energy, Oil & Gas

Eni signs deal with Venezuela to relaunch Junin-5 oil project

Eni signed a programmatic agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company PDVSA to relaunch oil activities, specifically at Junin-5 (PDVSA 60 per cent, Eni 40 per cent), located in the Orinoco Belt, a heavy oil field containing 35 billion barrels of certified oil in place....

Energy, Oil & Gas

US seizes Russian-flagged oil tanker linked to Venezuela

The United States has taken control of a Russian-flagged oil tanker with links to Venezuela after tracking the vessel across the Atlantic, according to a statement posted on social media by US European Command....

Energy, Oil & Gas

Venezuela to export $2bn worth of oil to US

Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the US, US President Donald Trump said, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts....