Venezuela

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 …

Venezuela plans to grant additional exploration and production areas to the American company Chevron and the Spanish company Repsol. This was reported by the agency Bloomberg, citing informed sources. According to the agency’s sources, Venezuelan officials intend to formalize the transfer of subsoil blocks to the energy companies as early …

The administration of U.S. President Donald Trump is prepared to extend the license granted to Chevron Corporation for oil production and export activities in the Bolivarian Republic of Venezuela by an additional 60 days, Bloomberg reported, citing sources familiar with the matter. The extension is being considered in the context …

Chevron Corporation of the United States and European energy companies are currently engaged in negotiations with the administration of President Donald Trump to retain their stakes in joint ventures with PDVSA, the state-owned oil and gas company of the Bolivarian Republic of Venezuela, according to a report by Reuters. The …

The Russian Federation and the Bolivarian Republic of Venezuela have reached an agreement on cooperation in the exploration and development of new oil and natural gas fields. The text of the agreement on strategic partnership and cooperation between the two countries has been published on the official website of the …

British oil and gas company Shell plans to complete exploration activities at the Dragon gas field in Venezuela by May — the deadline set by the United States government for foreign companies to wind down operations in Venezuela’s energy sector, according to Reuters sources. According to data from LSEG, in …

Venezuela is ready to cooperate with the BRICS countries on oil and gas fields, President Nicolas Maduro told reporters. “BRICS has a portfolio of trade opportunities, Venezuela is (ready) there (to be). BRICS is a huge market for national producers. Therefore, we persistently urge Venezuelan exporters (to work in this …

The United States does not intend to cancel the licenses previously issued by American companies in Venezuela after the presidential election in the country, a senior representative of the American administration said on Monday. The chairman of the National Electoral Council of Venezuela Elvis Amoroso previously said that according to …

BP and Trinidad and Tobago’s state energy company NGC have been granted a two-year license by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to develop the Cocuina and Manakin gas fields, which cross the border with Venezuela, according to the Trinidad and Tobago Energy Chamber’s website. Washington …

British BP and its partner from Trinidad and Tobago, NGC, were able to obtain a license from the US authorities to work in Venezuela. The license was issued for 2 years to explore the Manakin-Cocuina gas asset, Reuters writes, citing the Trinidad Ministry of Energy. It is specified that BP …