The Daily Journal — British energy company Shell has received authorization to extract natural gas from the Loran field, located in Venezuelan territorial waters, and export it directly to Trinidad and Tobago for processing. Trinidadian Energy Minister Roodal Moonilal announced the development before a parliamentary committee, following the signing of a production agreement last week […]
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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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The Daily Journal — The Venezuelan government signed an agreement with energy giant Shell plc to increase light crude oil production in northern Monagas State, providing a key input for processing heavy crude from the Orinoco Oil Belt. Acting President Delcy Rodríguez led the signing ceremony with Shell representatives, formally launching Phase I of the […]
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