Venezuela

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 …

BP has suspended negotiations with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago. This was reported by Reuters with reference to a company representative. BP’s negotiations with Venezuela and Trinidad to develop the Manakin-Cocuina field in the Caribbean, which is common to …

The Office of Foreign Assets Control (OFAC) has extended until November 15, 2024 the license for Schlumberger, Halliburton, Baker Hughes and Weatherford to provide some oilfield services in Venezuela, the department said in a statement. The document allows these companies, as well as their subsidiaries, to conduct transactions in the …