Shell to Complete Exploration of Venezuela’s Dragon Field Before U.S. License Expires
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 BRICS on Oil and Gas
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 Plan to Cancel Oil Production Licenses in Venezuela after the Elections
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 Won a US License to Develop Gas in Venezuela
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 …
BP Receives US Permit to Extract Gas in Venezuela
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 Suspends Negotiations with Venezuela to Develop Manakin-Cocuina Gas Field
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 United States Extended the License for the Big Four Oilfield Services to Provide Some Services in Venezuela
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 …
Venezuelan President Reports Stable Growth in Oil Industry
Nicolas Maduro said that in the third quarter, oil and natural gas production in the republic increased by 12.99%, and also noted a “significant increase” in oil exports. Venezuela has achieved stabilization in the growth of the oil industry and an increase in hydrocarbon production. Venezuelan President Nicolas Maduro announced …
PDVSA and Gazprom Discuss Cooperation in Venezuela
Venezuelan PDVSA and Gazprom are discussing cooperation in new gas projects in the republic, the issue will be resolved in the coming weeks, Foreign Minister Ivan Gil Pinto said in an interview with RIA Novosti. “The Gazprom company has already been in Venezuela, already working on projects that were in …
Russia and Venezuela Want to Restore Daily Oil Production Levels
Russia and Venezuela want to restore the previous level of oil production per day, Foreign Minister of the Republic Ivan Gil Pinto said in an interview with RIA Novosti. “Joint oil production in Venezuela in recent years has reached 120-150 thousand barrels per day. Of course, the sanctions regime has …