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Shell's Venezuela Return Is Bigger Than One Gas Field
10 Articles
10 Articles
Venezuela consolidates its international energy route through a technical-financial alliance that integrates the national private sector. President Delcy Rodríguez stressed that the union between Pdvsa and Shell will guarantee decent jobs and skilled labour for the Venezuelan people.
Shell’s Venezuelan Comeback: Big Oil Returns to the World’s Most Sanctioned Oil Patch
For years, Venezuela was the oil industry’s forbidden zone — a country with the largest proven oil reserves on Earth but locked behind layers of sanctions, political turmoil and diplomatic brinkmanship. Now the door is creaking open again. Recent reporting by Upstream Online and other energy news outlets indicates that Shell has confirmed it is preparing to move forward with Venezuelan energy opportunities, following major shifts in U.S. sanctio…
Photo: Shutterstock Shell said the oil company has signed several agreements with the Venezuelan government, covering both offshore natural gas and onshore oil and gas exploration opportunities. In addition, Shell has signed several technical and commercial agreements with Venezuelan engineering company Vepica, KBR and US oil services firm Baker Hughes. Shell has a long-term offshore gas project in Venezuela, Dragon, which has been significantly…
Norbolsa Market Consensus Shell has signed an agreement with Venezuela to develop oil and gas opportunities both offshore and onshore. This agreement can unlock the development of the Dragon offshore gas project that has been paralysed for many years. It is pointed out that this project could give its first gas in 3Q27. The British company also signed several technical and commercial agreements with the Venezuelan engineering company VEPICA, as…
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