Venezuela

oilgas5 michael pointner
Oil & Gas, Politics, Venezuela

Shell Engages Venezuelan Authorities to Reactivate Major Offshore Gas Projects Amid Easing Sanctions

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 […]

Shell Engages Venezuelan Authorities to Reactivate Major Offshore Gas Projects Amid Easing Sanctions Read Post »

OilGas2 M C
Oil & Gas, Politics, Venezuela

Venezuela’s Interim President Delcy Rodríguez Meets Shell Executives to Evaluate Offshore Gas Projects

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 President Delcy Rodríguez Meets Shell Executives to Evaluate Offshore Gas Projects Read Post »

oilgas7 tomfisk
Oil & Gas, Politics, Venezuela

Venezuela’s Interim President Delcy Rodríguez Meets Shell Executives to Evaluate Offshore Gas Projects

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 President Delcy Rodríguez Meets Shell Executives to Evaluate Offshore Gas Projects Read Post »

oilgas8 chrisleboutillier
Economy, Oil & Gas, Venezuela

PDVSA Revenues Decline Sharply in January 2026 Amid Price Drop and U.S. Financial Controls

Venezuela’s state oil company PDVSA faced a significant contraction in revenues at the start of 2026 due to a steep 33% year-on-year decline in the Merey crude price and ongoing U.S. sanctions restricting access to export earnings. These developments suggest sustained financial pressures for PDVSA and potential challenges for Venezuela’s oil-dependent economy in the near

PDVSA Revenues Decline Sharply in January 2026 Amid Price Drop and U.S. Financial Controls Read Post »

ve2
Markets, Oil & Gas, Venezuela

Venezuela and Shell Reengage to Advance Offshore Gas Projects Amid Regulatory Shifts

Venezuela’s interim leadership has initiated renewed discussions with Shell to develop offshore gas projects following regulatory reforms and evolving U.S. sanction licenses. The strategic collaboration targets reactivating the Project Dragón to leverage regional gas supplies, positioning Venezuela to enhance its gas sector alongside Trinidad and Tobago. Interim President Delcy Rodríguez met with senior Shell officials,

Venezuela and Shell Reengage to Advance Offshore Gas Projects Amid Regulatory Shifts Read Post »

OilGas2 M C
Economy, Oil & Gas, Venezuela

Venezuelan Refineries Increase Output to 35% Capacity at 450,000 bpd Amid Operational Challenges

Venezuela’s refinery system has raised crude processing to roughly 35% of its installed capacity, reflecting a recovery from last year’s levels, yet the volume remains insufficient to fully meet domestic fuel needs. Continued upgrades and U.S. naphtha imports aim to improve refinery feedstock quality, but operational disruptions and energy shortages sustain constraints on product availability.

Venezuelan Refineries Increase Output to 35% Capacity at 450,000 bpd Amid Operational Challenges Read Post »

vepol1 altamar
Oil & Gas, Politics, Venezuela

Venezuela and Colombia Agree to High-Level Bilateral Meeting Focused on Energy and Security Cooperation

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

Venezuela and Colombia Agree to High-Level Bilateral Meeting Focused on Energy and Security Cooperation Read Post »

Oil1 Zbynek Burival
Markets, Oil & Gas, Venezuela

Repsol Plans to Triple Oil Production in Venezuela Within Three Years Following U.S. License Approvals

Repsol aims to significantly expand its Venezuelan hydrocarbon production by more than 50% in 2026 and triple output by 2029, leveraging recent U.S. Treasury licenses that ease operational restrictions. This expansion aligns with a broader normalization of Venezuela’s oil sector and represents a strategic push amid improving regulatory frameworks and international oversight. Repsol currently produces

Repsol Plans to Triple Oil Production in Venezuela Within Three Years Following U.S. License Approvals Read Post »

OilGas4 Danny Burke
Economy, Oil & Gas, Venezuela

Repsol Reports €4.55 Billion Debt from Venezuela, Plans 50% Production Increase in Coming Year

Repsol faces a significant outstanding debt of €4.55 billion from Venezuela but is preparing to ramp up its oil production by over 50% within the next 12 months following renewed US operational authorizations. The company aims to triple its Venezuelan output in three years, leveraging improved geopolitical conditions and close collaboration with local and US

Repsol Reports €4.55 Billion Debt from Venezuela, Plans 50% Production Increase in Coming Year Read Post »

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