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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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Jul 4, 2026 / Tyler Durden
Houthis Say Forces 'Repelled' Saudi Warplanes From Threatening Iranian Civilian Airliner
Houthis Say Forces 'Repelled' Saudi Warplanes From Threatening Iranian Civilian Airliner
Via The Cradle
Yemen's Houthis announced Friday that they had "repelled" an attempt by Saudi warplanes to prevent an Iranian civilian aircraft from landing at Sanaa airport.
Yemeni Armed Forces (YAF) spokesman Brigadier General Yahya Saree said that Saudi warplanes violating Yemeni airspace were targeted with several air-defense missiles, forcing them to withdraw.
via Reuters
Saree stressed that the Iranian civilian aircraft was carrying more than 200 Yemeni citizens who had been stranded in Iran, including many who were sick or wounded.
“We warn the criminal...
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Apr 10, 2026 / Tyler Durden
Trump 'Preparing' US Military If Talks Fail, Proclaims Iran Has 'No Cards' - As Tehran Demands End To IDF Attacks On Lebanon
Trump 'Preparing' US Military If Talks Fail, Proclaims Iran Has 'No Cards' - As Tehran Demands End To IDF Attacks On Lebanon
Summary:
Iran makes clear Lebanon fighting must end or else Pakistan talks "meaningless" - as its delegation arrives in 'locked down' Pakistan. Speculation abounds related to ongoing Pentagon transport flights into Mideast region.
Trump threatens more military action if Iran doesn't 'comply', says Iran has 'no cards' - also as Israel-Lebanon talks scheduled in Washington next week. US delegation headed by Vance en route to Islamabad. But parliament speaker makes fresh...
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May 4, 2026 / Dave DeCamp
Iran’s Foreign Minister Says No Military Solution To Hormuz, Warns US and UAE Against a ‘Quagmire’
Iranian Foreign Minister Abbas Araghchi has said that the flare-ups in the Strait of Hormuz on Monday show there’s no “military solution” to the crisis and warned the US and the UAE against being drawn into a “quagmire” in the region. “Events in Hormuz make clear that there’s no military solution to a political crisis,” […]
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