Warren Buffett's Berkshire Hathaway owns about 6% of Chevron, the only US oil major currently operating in Venezuela.

Oil producer Chevron is in talks with the U.S. government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday.

The Trump administration says Venezuela will provide 30-50 million barrels. For Chevron and U.S. refiners, it’s a drop in the bucket.

President Donald Trump has called for billions of dollars in investment in the country following the capture of Nicolas Maduro.

Chevron ( CVX 0.79%) is lining up with private equity group Quantum Energy in a bid for sanctioned Russian oil company Lukoil's international assets, the Financial Times reports. Lukoil said last year it would sell its non-Russian operations.

Venezuela was loading crude only for U.S. major Chevron on Tuesday, while operations by state-run oil firm PDVSA to load cargoes for its main customers in China remained on hold for a fifth day, shipping data showed.

A giant public company and a major private equity firm — both based in Houston — could be teaming up to make a bid on $22 billion worth of international assets.

US oil giant Chevron and private equity firm Quantum Capital Group have partnered on a bid for sanctioned Russian oil company Lukoil's international assets, valued at $22 billion, the Financial

HOUSTON, Jan ‌7 (Reuters) - ​Oil producer ‌Chevron is in talks with ​the U.S government to expand a key ‍license to operate ​in Venezuela so it ​can ⁠increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on ‌Wednesday.

Publicly traded energy giants are seeing a significant boost in premarket trading as investors digest this weekend’s stunning capture of Nicolás Maduro. The geopolitical implications of President Trump’s controversial weekend attack on Venezuela and the capture and extradition of its president,