Tag: Oil/Gas Extraction

When Chevron won a new license to drill in Venezuela, it celebrated a return to one of the world’s richest oil regions, where it had operated for more than a century. Three months later, the company is in a bind.

The Trump administration has amassed the biggest American military buildup in the Caribbean since the 1980s to exert pressure on Venezuelan strongman Nicolás Maduro. The U.S. has carried out airstrikes on alleged drug boats, killing dozens. Land targets could come next, President Trump has said.