Tripoli, Libya – Libya has granted new oil exploration and production licences to several foreign companies for the first time in 17 years, marking a significant step toward reviving its energy sector after years of political instability. The National Oil Corporation (NOC) announced the winners of the latest bidding round…
US President Donald Trump is set to meet senior executives from leading American oil companies on Friday as he seeks their backing for his administration’s plans in Venezuela, a country whose vast energy resources he has said the United States expects to control for years. The meeting follows a sweeping…
U.S. President Donald Trump is extending an unprecedented opportunity to American energy companies to tap into Venezuela’s vast, yet dilapidated, oil sector. Following the U.S.-backed removal of Venezuelan President Nicolás Maduro over the weekend, Trump administration officials plan to meet with executives from ExxonMobil, Chevron, and ConocoPhillips later this week…