Maurel & Prom Archives - The Daily Journal

Delcy Rodríguez signs new oil regulations to speed up investment in Venezuela

July 9, 2026July 9, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]

OFAC renews license for Chevron and five other oil companies operating in Venezuela

June 15, 2026June 15, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General License No. 50B. This measure selectively authorizes six major global energy corporations and their subsidiaries to maintain and conduct oil and gas operations in Venezuela. OFAC Director Bradley T. Smith signed the regulatory instrument, which took […]