The United States loosened oil sanctions on Venezuela in October following an election guarantee agreement between the South American country's government and its political opposition. Chevron has ...
the U.S. government granted Chevron a license to resume extraction activities in Venezuela. General License (GL) 41 was issued November 26, 2022, as a nod to a humanitarian agreement between the ...
License terms are designed to prevent state-run oil firm Petróleos de Venezuela, known as PDVSA, from receiving proceeds from Chevron’s petroleum sales, U.S. officials said. The license lasts ...
A joint venture (JV) between Chevron Corporation CVX, a U.S. oil giant, and Venezuela's state oil company PDVSA has initiated its new drilling campaign. This is part of CVX’s plan to ...
MIAMI (AP) — A former fighter pilot jailed in Venezuela in February ... As part of that agreement, the U.S. started easing oil sanctions, allowing Chevron to conduct more fuel swaps with PDVSA ...
A second US senior administration official said the Maduro government “did not fully comply with the spirit or the letter of the Barbados Agreement ... in Venezuela.” Since the Chevron ...
Spanish oil major Repsol SA expects production to climb with the addition of two oil fields in a joint venture with Venezuela, where the company is exempt from reimposed US sanctions. The company ...
President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a ...
Chevron has proposed adding 65,000 barrels per day (bpd) to its Venezuela crude output by the end of this year, Reuters reported in September citing three sources familiar with the matter. The new ...
The United States loosened oil sanctions on Venezuela in October following an election guarantee agreement between the South American country's government and its political opposition. Chevron has a ...