company
Major reported as planning to invest in offshore Venezuelan gas fields near Trinidad and Tobago.
No evidence-backed relationships are recorded.
Pipeline buyers led by Williams and ONEOK paid about $14.7 billion in five midstream deals while upstream M&A largely stalled, Fortune reports. Most sellers are private equity firms getting their price from buyers betting on Gulf Coast LNG and data-center gas demand.
Reality
The memorandum signed at Miraflores Palace on September 19 follows deals BP, Eni, Repsol and Chevron struck with the new government this year. Venezuela still pumps under a million barrels a day against about three million in the late 1990s.
Reality
A widely shared theory says large companies will prompt their way out of paying for CRM and ERP seats. One practitioner's answer is that the buying decision turns on security review and audit trail, and on who signs the liability clause.
Reality
Fortune's fourth Europe 500 counts a record $15.5 trillion of combined revenue at a 6.5% margin, down from 7.1% two years ago, with two fifths of the profit sitting in 105 finance companies. Part of this year's rebound came from oil.
Reality
Venezuela's new petroleum minister pitched 916 exploration opportunities and 192 trillion cubic feet of gas. The names on paper so far are Hunt Oil and SLB.
Reality