Venezuela

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.

Venezuela’s Oil Minister Tareck El Aissami said on 11 December that authorities had disrupted a plan to attack Venezuela’s 146,000-B/D El Palito refinery and had arrested two suspects in the plot.

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.

Six American oil executives under house arrest in Venezuela were rounded up by police hours after President Donald Trump met Venezuelan President Nicolás Maduro's chief opponent at the White House, according to family members of the men.

Ranking places US ahead of Saudi Arabia and Russia.