Russian Deputy Prime Minister Alexander Novak said the country’s oil refineries are better protected than those in the UAE because security measures are based on a stricter threat model. He added that protection is costly for oil companies, but refinery shutdowns would cause far greater losses.

Russiaoil refineriesenergy security

Iranian authorities say seven security personnel were killed in fresh US strikes on several locations across Iran.

IranUnited Statesairstrikes

Chevron says it will expand its operations in Venezuela through a $7 billion investment that will more than double production.

ChevronVenezuelaoil investment

Chevron says it will expand its operations in Venezuela, days after President Donald Trump announced an ambitious agreement to develop the country’s oil reserves and give the Pentagon a share of the profits.

ChevronVenezuelaoil operationsDonald Trump

U.S. President Donald Trump is pressing ahead with efforts to tap Venezuela's oil wealth, announcing a new deal intended to raise production there. He is also presenting a possible U.S. controlling stake in part of Venezuela's reserves as a warning to Canada, while experts say Western Canada's oil industry has little reason for concern.

VenezuelaoilDonald TrumpCanada

Chevron is expected to announce an expansion of its Venezuelan operations on Wednesday. The move follows parliament’s approval of Washington taking control of a fifth of the country’s oil reserves, while US Energy Secretary Chris Wright arrives in Caracas to sign the agreement.

VenezuelaChevronoilUS energy policy

BP has named Ian Tyler, the former chief executive of construction group Balfour Beatty, as its permanent chair. The appointment follows the company’s dismissal of Albert Manifold in May over governance and conduct concerns.

BPchair appointmentcorporate governance

BP has appointed interim chair Ian Tyler to the permanent role, effective immediately, after Albert Manifold was abruptly removed in late May. BP cited unacceptable governance oversight and conduct issues, while Manifold disputed the allegations. Tyler says he will lead the board’s evolution as the company shifts its strategy back toward fossil-fuel extraction and away from renewable-energy investments.

BPchair appointmentcorporate governanceenergy strategy

BP formally appointed Ian Tyler as chair on Wednesday, following the surprise dismissal of former chairman Albert Manifold that triggered turmoil in the boardroom.

BPchair appointmentcorporate governance

UK oil major BP has appointed Ian Tyler as chair, following the removal of Albert Manifold and the departure of the interim chair from the role.

BPchair appointmentcorporate governance

Venezuela’s ruling party-dominated National Assembly voted on Tuesday to support the country’s oil deal with the Trump administration, ahead of a visit to Caracas by the U.S. energy secretary.

Venezuelaoil dealUS government

Venezuela’s National Assembly approved a 65-billion-barrel oil arrangement even though its terms have not been published. US Energy Secretary Chris Wright is expected to visit Venezuela as the Trump administration advances the controversial deal, which would give the US access to part of the country’s proven reserves and involve a partnership to develop 17 oil fields. Critics liken it to agreements imposed by colonial powers.

United StatesVenezuelaoil dealenergy policy

The US and Venezuela have signed a Caracas agreement giving a US-led company 100-year concessions over 17 oilfields containing 65 billion barrels of crude. Donald Trump and interim President Delcy Rodríguez hailed it as historic, but critics called the terms one-sided and colonialist, while experts questioned the proposed timetable and how the oil revenue would be managed.

US-Venezuela relationsoil dealenergy marketsVenezuela

The Trump administration is defending an agreement with Venezuela as a means of pushing Chinese and Russian rivals out of oilfields in “our hemisphere”. Chevron is preparing to expand its operations in the country.

United StatesVenezuelaChevronOil

The White House said it is partnering with North American Blue Energy Partners as Donald Trump seeks greater access to Venezuela’s oil industry. The arrangement would give the Pentagon a stake in fields representing about one-fifth of the country’s vast oil reserves. Venezuela’s ruling-party-dominated National Assembly approved the oil deal with the Trump administration on Tuesday.

VenezuelaoilDonald TrumpUS companies

US President Donald Trump announced a new deal with Venezuela on Friday, calling it “the biggest oil deal in world history” and saying it involved “65 billion barrels of oil”. Washington is rumoured to be partnering with controversial Venezuelan oil tycoon Alejandro Betancourt, who built his fortune under the Chavista regime.

Venezuelaoil dealDonald TrumpAlejandro Betancourt

Gulf stock markets rose in early Tuesday trading alongside higher oil prices, while UAE equities were subdued as renewed fighting between the United States and Iran weighed on investor sentiment.

Gulf stocksoil pricesUS-Iran conflict

German Foreign Minister Johann Wadephul urged Berlin to diversify its energy sources amid the Strait of Hormuz crisis and rising fuel prices. He called Algeria a reliable partner and said Germany was seeking long-term contracts for gas, with green hydrogen also offering potential for closer cooperation.

GermanyAlgerianatural gasenergy security