A shipping channel snafu is slowing Chevron Corp's efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.
efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.
But a plan to move heavy oil quickly from inventories at the Petroboscan joint venture with state-run company PDVSA is facing delays because of lack of dredging at Maracaibo Lake's navigation channel, the people said. Shallow waters in the channel caused a non-Chevron-related vessel carrying scrap metal go aground in December. Petroboscan has instructed vessels since to limit their draft after loading at the Bajo Grande oil terminal.
In a sign that Chevron expects to expand operations quickly, the oil producer has begun advertising for Venezuelan contract administrators and cargo schedulers. It is recruiting to restaff long-idled operations, particularly for its marketing and trading divisions, which will handle oil exports for its own U.S. refineries and others.last year while submitting a license request to the U.S. Treasury Department, following an agreement with PDVSA.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chevron to send 500,000-barrel cargo of Venezuelan oil to its Pascagoula refineryU.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters on Tuesday.
Lire la suite »
Fox Corp., News Corp will stay at Midtown HQ for another 20 yearsChanges overseen by asset manager Hines are to include a renovated main Sixth Avenue, lobby, upgrades to the outdoor plaza, and creation of a new 47th Street lobby.
Lire la suite »
Exxon, Chevron Focus on Oil Projects in the AmericasThe two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
Lire la suite »
Exxon, Chevron set to rake in almost $100 billion in yearly profitUS oil giants Exxon and Chevron are poised to reap $100 billion total profit bonanza from Russia's war on Ukraine
Lire la suite »
Disney, Warner Bros. Discovery, Paramount, Fox Corp. Face Stock Price Target CutsA Macquarie analyst sees Hollywood studios that rely on advertising facing mounting challenges from marketers trimming budgets and elusive streaming profitability.
Lire la suite »
AG James sues auto lender Credit Acceptance Corp, accuses of predatory loans and securities fraud | amNewYorkNew York Attorney General Letitia James filed a lawsuit Wednesday against Credit Acceptance Corporation, a subprime auto lending giant she says makes its business model out of lying to and ripping off New Yorkers buying used cars.
Lire la suite »