The past and potential of Venezuela’s oil sector, and what it means for Canada
U.S. President Donald Trump’s ambition to have U.S. energy companies swoop in and revive Venezuela’s beleaguered oil industry has raised questions about what it means for Canadian oilsands producers and whether it’s a task American supermajors can or even want to take on.
Alberta’s Smith calls on Carney to speed up major project approvals
Alberta Premier Danielle Smith is calling on Ottawa to further speed up its approval process for major projects, saying she wants to see applications green-lit within six months.
US seeks to assert its control over Venezuelan oil with tanker seizures and sales worldwide
President Donald Trump’s administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the U.S. can oversee the sale of Venezuela’s petroleum worldwide.
Carney says Canadian oil will be competitive after Maduro’s ouster
Prime Minister Mark Carney says his government is working to expand access to oil markets in Asia now that Canada faces the prospect of Venezuelan oil displacing Canadian product in the American market.
Trump says US to get 30 million to 50 million barrels of oil from Venezuela at market price
President Donald Trump said Tuesday that Venezuela would be providing 30 million to 50 million barrels of oil to the U.S., and he pledged to use proceeds from the sale of this oil “to benefit the people” of both countries.
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