Why Venezuela’s Oil Comeback Is Proving Harder Than Trump Expected | OilPrice.com Despite U.S. pressure following Maduro’s capture, Venezuela’s severely degraded oil infrastructure, environmental damage, and massive capital needs are deterring energy majors from returning.

Why Venezuela’s Oil Comeback Is Proving Harder Than Trump Expected #Venezuela #Oil #CrudeOil #Geopolitics #Trump #UnitedStates #Exxon #OrinocoBelt #HeavyOil #Petroleum

oilprice.com/Energy/Energ...

#Canada #Alberta #OilSands #HeavyOil #Venezuela takeover #Trump #USA #https://youtu.be/Pgwny1BiCYk?si=Uxv2ubG_l8xQTHCH

3/8 It's the law of supply & demand. #U.S. #refineries have limited capacity for #HeavyOil.

A massive new supply, conveniently located for cheap ocean transport, would "depress the price fetched by low-quality oilsands #bitumen from #Alberta," which has a high break-even cost.

#Oilsands

McDermott wins Brazil offshore contract from BRAVA Energia - The Energy Year McDermott has secured a subsea installation contract from BRAVA Energia for two fields offshore Brazil.

McDermott has secured a #subsea installation contract from BRAVA Energia for two #heavyoil fields offshore #Brazil.

#energynews #oilandgas #deepwater #oilfieldservices #installation theenergyyear.com/news/mcdermo...

Canada's Strathcona makes $2-billion upstream asset sale - The Energy Year Canada's Strathcona Resources is selling its Montney assets for USD 2 billion in a strategic move to concentrate on thermal heavy oil.

#Canada's Strathcona Resources is selling its Montney assets for $2 billion in a strategic move to concentrate on thermal #heavyoil.

#energynews #oilandgas #upstream #midstream #Alberta theenergyyear.com/news/canadas...

First Helium unveils Alberta heavy oil discovery - The Energy Year First Helium has made a discovery of shallow heavy oil and confirmed the extension of a helium-enriched natural gas play in Canada.

First Helium has made a discovery of shallow #heavyoil and confirmed the extension of a #helium-enriched #naturalgas play in #Alberta.

#energynews #oilandgas #drilling #upstream #Canada theenergyyear.com/news/first-h...