Billionaire Texas oilman inks deal with Venezuela's state-run oil giant as U.S. sanctions loom
Wednesday, 24 April 2024 () A company started by a Texas billionaire oilman has announced a deal with Venezuela’s state-owned oil company to rehabilitate five aging oil fields. Wednesday's announcement comes days after the Biden administration put a brake on sanctions relief for Venezuela amid concerns about the fairness of its upcoming presidential election. As part of the deal, LNG Energy Group was awarded contracts by state-run PDVSA to take over production and develop two oil fields in eastern Venezuela that currently produce about 3,000 barrels of crude per day. LNG Energy Groupp was created last year from a merger with a company owned by Texas oilman Rod Lewis.
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to..
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The US Supreme Court allows Texas law empowering state law enforcement to detain suspected illegal border crossers. Rejecting the Biden administration's bid to block it, the law criminalises entry or..
5 , Takeaways From Biden’s , State of the Union Address.
1. Biden essentially made a campaign speech, The president quickly condemned Trump for
"bowing down to a Russian leader" in regard to
his..
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