Venezuela

The U.S. government under President Trump has relaxed sanctions on Venezuela’s oil sector, permitting major energy firms to resume operations and facilitating direct exports of crude and petrochemical products, including fertilizers, to the U.S. market. This shift aligns with Washington’s strategic intent to increase Venezuelan oil output and exert control over sales while leveraging Venezuela’s

Venezuela is accelerating efforts to reinforce its oil production capacity and expand petrochemical activities through an international alliance strategy. The country is re-establishing commercial ties with the United States and foreign energy companies, while pushing reforms to attract foreign investment in its hydrocarbon sector. These developments are set to enhance Venezuela’s role in the global

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