WASHINGTON — Oil giant Chevron is expected to soon announce it will expand operations in Venezuela, a U.S. official said Tuesday. The official, who briefed reporters on the expected announcement, said that the company’s officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday where the new investment will be formally unveiled.
Venezuela’s new petroleum minister sees her South American home not as a dilapidated former oil giant, but as an emerging energy economy ripe for U.S. and foreign investments in new oil and gas exploration, both onshore and offshore. Paula Henao, who took over as the hydrocarbons minister in March after the forced U.S. removal of
Welcome to rural Reeves County, which counts about 4,000 households over 2,600 square miles, in barren and arid West Texas. Soon, courtesy of Chevron, the county will possess enough gas-fired electricity to power more than 2 million homes—though in this case, all of that power will be dedicated instead to Microsoft data centers. The massive
