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Chevron and Shell are advancing discussions with Venezuelan authorities on new oil production agreements that could significantly expand their operations in the country’s energy sector.
[Read more…] about Chevron and Shell move toward oil development agreements in VenezuelaShell has signed new oil and gas agreements with Venezuela, reviving development plans for the offshore Dragon Gas Project.
[Read more…] about Shell signs new Venezuela energy dealsExxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.
[Read more…] about Exxon studies Venezuela return as Chevron plots increase in productionReuters reports that Venezuela’s state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity.
[Read more…] about Venezuela moves to cut oil output due to US export embargoVenezuela has announced the immediate termination of all contracts, agreements, and ongoing negotiations related to the supply of natural gas to Trinidad and Tobago, citing what it described as hostile actions linked to the United States.
[Read more…] about Venezuela ends gas supply talks with Trinidad and Tobago