Thursday, February 12, 2026 at 2:00 AM
Florida energy mogul Harry Sargeant III has been eyeing the country’s reserves for years.
He’s on the cusp of the windfall of a lifetime.
The Treasury Department issued licenses Friday for oil companies including Chevron and certain European rivals to operate in the country.
The Trump administration put out a new general license authorizing equipment and technology transactions.
Chris Wright said “enormous progress” is being made on crude production.
The oil patch defied expectations over the past year by weathering low crude prices with record-breaking production. But big drillers are preparing for a slowdown.
Data sourced from public RSS feeds and News APIs.
