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Venezuela's Oil Revival Faces A Critical Services Bottleneck
Venezuela's Oil Revival Faces A Critical Services Bottleneck
Authored by Rystad Energy via OilPrice.com,
Venezuela could increase crude production by about 194,000 bpd by late 2028, with most growth coming from existing producing fields rather than new discoveries.
International oil companies led by Chevron are expected to deliver nearly two-thirds of the forecast production increase through brownfield investments.
The biggest obstacles are operational, including drilling rigs, diluent supplies, infrastructure upgrades, and a competitive fiscal regime capable of attracting long-term investment.
Venezuela's upstream industry has entered a new phase. Following sweeping hydrocarbon reforms and broader...
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Apr 15, 2026 / Tyler Durden
Former Brazilian Intelligence Chief Detained By ICE In Florida
Former Brazilian Intelligence Chief Detained By ICE In Florida
Authored by Charis Summers via The Epoch Times,
Alexandre Ramagem, a former chief of the Brazilian intelligence agency and a close ally of former President Jair Bolsonaro, has been detained by Immigration and Customs Enforcement (ICE) officers in Orlando, Florida.
Ramagem was chief of the ABIN intelligence agency from 2019 until 2022, when he was elected to the Chamber of Deputies, representing Bolsonaro’s Liberal Party.
In September 2025, he was sentenced to 16 years in prison for his role in an attempted coup in...
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May 22, 2026 / Tyler Durden
Oil Dips As Pakistani Army Chief Travels To Tehran As Rubio Touts 'Slight Progress' On Talks
Jul 14, 2026 / Tyler Durden
Billionaire Ken Griffin Has Spent $40 Million To Keep The Senate Red, But Snubs Trump's Favorite Texan
Billionaire Ken Griffin Has Spent $40 Million To Keep The Senate Red, But Snubs Trump's Favorite Texan
Ken Griffin has put roughly $40 million into Republican midterm efforts this year and could double that by November, according to the Wall Street Journal. The money runs through nearly every competitive Senate race in the country - except for one... Ken Paxton's run for a seat in Texas, which won't see a dime of it.
According to the report, the Citadel founder has no plans to help the Texas Republican nominee - the candidate President Trump...
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