Venezuela

Venezuela’s state oil company PDVSA is undertaking a contract review for 26 oil joint ventures signed during 2024–2025, with potential cancellations expected due to compliance demands stemming from recent hydrocarbon law reforms and US diplomatic pressure. Adjustments to contractual frameworks, particularly regarding Contratos de Participación Productiva (CPP), aim to realign partnerships and enhance private investment […]

Shell and Venezuelan government officials, led by acting president Delcy Rodríguez, have held high-level discussions focusing on strategic gas projects, including the stalled Interconnection Dragon offshore development. The talks aim to relaunch Venezuela’s gas production capacity by leveraging foreign investment and advanced technology, signaling potential reopening of the energy sector after years of sanctions and

Venezuela’s interim government is actively pursuing the revitalization of its gas sector through strategic talks with Shell, focusing on offshore development projects like the Dragon Interconnection. Amid evolving U.S. sanctions and recent legislative reforms opening the hydrocarbon sector to foreign investment, these engagements signal potential restoration of international participation in Venezuela’s energy industry. On February

Venezuela’s interim government is actively pursuing the revitalization of its gas sector through strategic talks with Shell, focusing on offshore development projects like the Dragon Interconnection. Amid evolving U.S. sanctions and recent legislative reforms opening the hydrocarbon sector to foreign investment, these engagements signal potential restoration of international participation in Venezuela’s energy industry. On February

Venezuela’s acting president, Delcy Rodríguez, and Colombian President Gustavo Petro have committed to holding a forthcoming high-level bilateral summit aimed at advancing cooperation on economic, energy, and security issues. This diplomatic engagement marks a significant step in reestablishing state-to-state relations following the U.S. military operation that resulted in Nicolás Maduro’s capture and sets the stage