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Your Weekly Update: 29 July - 2 August 2019


  • Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela.
  • The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevron raised some eyebrows as it curried favour with the Chávez government.
  • Many American oil industry executives still remember the days of Venezuela's ‘apertura petrolera' period in the early 1990s, a golden age for US oil interests in Venezuela.



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