Venezuela | Egypt Oil & Gas
Venezuela Expects $76 Bn in Oil, Natural Gas Investments Over Five Years
Venezuela is expecting to attract approximately $76 bn in investment in its oil and natural gas sectors over the next five years as the government seeks private capital to boost production, interim President Delcy Rod...
Venezuela Targets 105 Oil Contracts by End-2026
Venezuela aims to finalize 105 oil contracts by the end of 2026, with around 70% covering greenfield developments, as the country seeks to attract foreign investment into its energy sector, state-owned oil company PDV...
UCC Oil and Gas Eyes Expansion Into New Venezuelan Fields
Qatari producer UCC Oil and Gas Holding is exploring opportunities to enter additional oil and gas fields in Venezuela, Reuters reported, citing the company’s Head of Upstream, Erik Keskula. Speaking at a conference i...
Halliburton Signs MoUs for Developing Energy Sector in Venezuela
Halliburton, one of the leading oil and gas service companies in the US, has signed memoranda of understanding (MOUs) with Brazil’s Eneva and Venezuela’s WESCA to support energy development opportunities in Venezuela....
US Protects 35% Stake in Venezuelan Oil Venture
The US government has structured its 35% stake in a Venezuelan oil venture through warrants to prevent its ownership from being diluted as the project raises funds, according to Reuters. On August 30, the US planned t... Eni Becomes Operator of Venezuela’s Giant Junín-5 Oil Field
Italian energy company Eni has signed a 25-year production contract with Venezuela’s state-owned oil company PDVSA to develop the giant Junín-5 heavy oil field in the Orinoco Belt, taking exclusive operatorship of the...
Venezuela’s National Assembly Backs Major Oil Deal with US
Venezuela’s National Assembly has backed an oil deal with the administration of US President Donald Trump, ahead of a planned visit to Caracas by US Energy Secretary Chris Wright, according to Reuters. The agreement w...
Trump Says Venezuelan Oil Deal Will Help Replenish US Strategic Reserve
US President Donald Trump said that oil secured under a newly announced agreement with Venezuela will be used to replenish the country’s Strategic Petroleum Reserve (SPR), which has been significantly depleted in rece...
