PDVSA and Repsol sign a memorandum of understanding to boost oil and gas production following an OFAC license

The Daily Journal — Petróleos de Venezuela S.A. (Pdvsa) and Spanish energy corporation Repsol signed a new Memorandum of Understanding on oil and gas cooperation this Tuesday at Miraflores Palace in Caracas. According to official information, the agreement seeks to drive a large-scale revival of Venezuela’s hydrocarbon industry. Officials finalized the deal during a high-level […]

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

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 […]

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ENI and Repsol Accelerate Gas Expansion in Venezuela

Cardón IV Strengthens Its Position as Western Venezuela’s Energy Hub Audio: https://clyp.it/ng0wbxnh Julio A. López. — European energy companies Eni and Repsol are advancing a new plan to increase natural gas production in Venezuela, strengthening the development of the giant Perla field located in the Cardón IV block, in the waters of the Gulf of […]

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