Venezuela

American oilfield services company Halliburton is discussing commercial terms for operating in Venezuela with clients, CEO Jeff Miller said. “We are having excellent discussions with clients. We are discussing commercial terms (for operations in Venezuela),” Reuters quoted Miller as saying. The agency notes that interest in Venezuela has sharply increased …

Repsol has signed an agreement with the Government of Venezuela and the state-owned company Petróleos de Venezuela SA (PDVSA) to regain control over one of its production assets in the South American country, which will allow the Spanish company to increase output. This was reported by the Financial Times (FT). …

“Nearly two-thirds of the value of a barrel of oil produced in Venezuela may be subject to negotiation with investors, and the legal framework allows for flexible arrangements”, said Delcy Rodríguez, Special Representative of the President of Venezuela, at the FII Priority investment forum in Miami. “The new hydrocarbons law …

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 condemns the plans announced by the authorities of Guyana to begin three-dimensional seismic exploration in offshore areas that Caracas considers disputed, according to a statement published by the country’s Foreign Minister Ivan Gil. “Venezuela categorically rejects the announcement by the Government of the Cooperative Republic of Guyana regarding the …

Shell has signed a number of agreements with Venezuela on cooperation in hydrocarbon exploration and production. The documents were signed on March 5, 2026, in Caracas at the headquarters of Petroleos de Venezuela S.A. (PDVSA). Bergam’s Visit The signing took place in the presence of US Secretary of the Interior …

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 …