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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

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from receiving profits from the oil sales by Chevron. Chevron is one of the leading private oil companies in Venezuela; its legacy dates back to the Boscán Field discovery in the 1920s. interest in Petroindependencia, which includes the Carabobo 3 extra heavy oil project (4° to 16° API) located in three blocks in the Orinoco Belt.

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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. On 5 August, the BHP Board approved US$544 million in capital expenditure to execute the Shenzi North oil project in the US Gulf of Mexico. As part of this plan, Woodside and BHP have agreed an option for BHP to sell its 26.5%

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The report concluded that “ damage from climate change, perhaps immense damage, is likely to be part of the Australian reality of the 21 st century and beyond.” In particular, Prentice seeks to shield Alberta’s emissions-intensive oil sands operations from the effects of emission reductions.

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