Venezuela

SPE President Jennifer Miskimins lent her expertise to Science Friday’s conversation about Venezuelan oil, explaining the reality of what it would take to extract and refine it.

US oil executives say large-scale investment in Venezuela will depend on governance reforms and sustainable legal protections.

Following a US military operation to arrest Venezuela’s president, analysts say there is no easy fix for the country’s beleaguered upstream sector.

Updates about global exploration and production activities and developments.

Shell has tapped the contractor to conduct engineering, procurement, construction, and installation work on the large gas field offshore Trinidad and Tobago.

The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.

This paper describes how a better understanding of the connection between the well and the reservoir through use of fiber-optic sensors can improve reservoir simulation models, decision-making, and well-performance evaluation.

Large gas development expected to come online as early as 2025.

The divestments leave PDVSA as sole shareholder of the onshore Petrocedeño project in the Orinoco Belt.

US sanctions appear to have prompted a change in ownership. It is unclear how the new arrangement will impact Venezuela’s diminishing ability to export crude oil.