President Trump said the United States wanted to reclaim expropriated oil assets, setting off a nationalist reaction in a country where the resource holds a mythical status.
Tag: ConocoPhillips
Chevron Thrives in Venezuela Despite Threats by Trump
Chevron enjoys unusual sway in socialist-led Venezuela, positioning the energy colossus to gain from whatever comes of the crisis between Washington and Caracas.
Venezuela’s Maduro Offered the U.S. His Nation’s Riches to Avoid Conflict
Venezuela’s autocrat had proposed allocating his country’s oil wealth and other natural resources to the U.S. and ending deals with American adversaries to appease President Trump.
She’s on a Mission From God: Suing Big Oil for Climate Damages
A lawyer started small with a creative tactic. It grew into an effort that could force fossil fuel companies to pay hundreds of billions in damages.
In Alaska, ConocoPhillips Prepares for Willow Drilling Project
Scientists say nations must stop new oil and gas projects to avoid climate catastrophe. But after the Biden administration greenlit the $8 billion Willow project, ConocoPhillips is racing ahead.
Biden Administration Approves Willow Oil Project in Alaska, Officials Say
The administration also announced new limits on Arctic drilling in an apparent effort to temper criticism over the $8 billion Willow oil project, which has faced sharp opposition.
Biden Administration Expected to Move Ahead on a Major Oil Project in Alaska
The decision would allow an enormous $8 billion drilling project in the largest expanse of pristine wilderness in the United States.
Biden Administration Signals Support for Controversial Alaska Oil Project
The administration issued an environmental review that represents a key step toward starting the Willow project. Opponents say drilling would violate Biden’s pledge to rein in fossil fuels.
Why $4-a-Gallon Gas May Be Coming Your Way This Summer
The oil industry, known for boom-bust cycles, is resisting the temptation to pump more oil — for now.