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Chevron aims to boost Venezuela oil output to accelerate debt recovery

Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025.   The post Chevron aims to boost Venezuela oil output to accelerate debt recovery appeared first on Reuters...

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Turkey defers $600 million Russian energy payment under deal

Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow.   The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters News...

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India, China propose ‘multiple pathways’ on cutting use of fossil fuels

Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels.  The post India, China propose ‘multiple pathways’ on cutting use of fossil...

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Mexican officials at oil regulator who rejected Pemex plans were pressured to quit

Reuters exclusively revealed that Rogelio Hernandez had been pressured by President Andres Manuel Lopez Obrador’s government and Pemex to approve plans for the Quesqui field in Tabasco or resign as the head of the National Hydrocarbons Commission (CNH). The post Mexican officials at oil regulator who rejected Pemex plans were pressured to quit appeared first...

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Chile to start lithium talks with SQM by mid-year to boost state control

In his first interview with international media since the government announced plans for state control of the metal key for electric vehicle batteries, Economy Minister Nicolas Grau exclusively revealed to Reuters that the country will commence discussions with SQM over its operations in the Atacama. Chile aims to convince the world’s No. 2 lithium mining...