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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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May 16, 2026 / Tyler Durden
Nearly 2,500 Pounds Of Cocaine, 105 Pounds Of Marijuana Seized In Joint Operation By US Forces
Nearly 2,500 Pounds Of Cocaine, 105 Pounds Of Marijuana Seized In Joint Operation By US Forces
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
U.S. forces seized around 2,500 pounds of cocaine and 105 pounds of marijuana in two separate maritime operations involving foreign nations.
In one operation, the Joint Interagency Task Force (JIATF) South and the Drug Enforcement Administration identified a drug runner from Colombia transporting narcotics. Forces from the Dominican Republic interdicted the vessel, while USS Billing secured the jettisoned cargo, JIATF South said in a May 12...
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Apr 8, 2026 / Tyler Durden
Watch Live: Hegseth Declares 'Victory' As Fragile Iran Ceasefire Hailed Internationally
Watch Live: Hegseth Declares 'Victory' As Fragile Iran Ceasefire Hailed Internationally
War Secretary Pete Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, are expected to give their first post-ceasefire announcement briefing on Iran at 8am Eastern time. Watch Live:
Iran sees this as Victory
The United States and Iran have announced a two-week suspension of all attacks, and Tehran reportedly agreed to allow safe transit of vessels through the Strait of Hormuz. It all started with President Trump seizing on the last-minute olive branch plan offered by Pakistan's prime...
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Jun 18, 2026 / Tyler Durden
Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List
Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List
Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia, as a loyalty test inside its highly coveted allocation system.
Ferrari's allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari curates ownership by evaluating a buyer's loyalty to the brand, requiring customers to build a multi-million-dollar history of ownership, participate in factory...
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