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Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

Oil & Gas 360º

(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. oil major Chevron (NYSE: CVX ) and other foreign firms in Venezuela have allowed a slight recovery in oil output and exports since 2023.

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The First Oil Well in the World – Bibi Heybat

Aresco

When people think of the origins of the oil industry, their minds often go to Titusville, Pennsylvania, where Edwin Drake drilled the first successful oil well in the United States in 1859. While this site is historically significant, it is not the true birthplace of the oil well.

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EU to require EU firms to disclose details of Russian gas contracts

Oil & Gas 360º

(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters.

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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

(World Oil) – bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”

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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. The combined consideration for both transactions is approximately $1.3 For more information, please visit www.machnr.com.

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When $180 Million Rides on an Expert's Supplementation Decision

Producer's Edge

the Eastland Court of Appeals addressed a critical issue in complex oil and gas litigation: what happens when a party's damages expert relies on contractual interpretations the trial court rejects, but then the party declines opportunities to have their expert update their calculations in response. Apache Corporation , No.

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Venezuela’s oil exports on the rise as more cargoes head to China

BOE Report

and European markets was offset by more cargoes sent to China, according to shipping data and documents. Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss of the U.S. Washington in late May terminated a group of licenses that had [Read more]

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