Venezuela Hopes to Restore Oil Production in the Country
Energy cooperation between Venezuela and the United States makes it possible to expect a recovery in the country’s oil production and will bring economic benefits, Eduardo Quintana, head of the regional branch of the Federation of Chambers of Commerce and Associations in La Guaira state, told RIA Novosti. “There is …
Washington Allowed the Oil Service Company to Work with Caracas to Close Contracts
US authorities have allowed Halliburton, Schlumberger, Baker Hughes and Weatherford to carry out transactions in Venezuela until May 16, 2024 The US Treasury has extended until May 16, 2024 the licenses of four international oil service companies that must complete their work in Venezuela. This also applies to working with …
Venezuela is Looking for Drillers
Caracas is actively working with oil service companies to increase oil production in Venezuela. After the easing of American sanctions, Venezuela began to revive its own oil production, starting with drilling new wells. International oilfield service companies with unused equipment in Venezuela include SLB, Evertson International and Nabors Industries. However, …