Venezuela
News
December 04, 2025
Chevron is continuing routine flights to Venezuelan oil sites despite U.S. airspace warning, with the company stressing full regulatory compliance and prioritizing worker safety amid heightened regional navigation risks.
News
November 19, 2025
Chevron CEO Mike Wirth signaled the company’s long-term commitment to Venezuela’s vast oil reserves, saying the major sees a future role in helping rebuild the nation’s energy economy once political conditions allow—even as U.S. pressure on the Maduro regime intensifies.
News
October 08, 2025
Shell is preparing to restart development work on Venezuela’s offshore Dragon gas field, a key step toward resuming natural gas exports to Trinidad and Tobago, pending U.S. authorization expected in the coming weeks.
News
August 22, 2025
The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron is allowed to work there, according to people familiar with the matter.
News
August 01, 2025
Chevron will hand over a percentage of its Venezuelan production to the local government under new terms negotiated after receiving a license to restart operations in the South American nation, according to people with knowledge of the matter.
News
July 24, 2025
The Trump administration has restored Chevron's ability to pump oil in Venezuela, according to unnamed sources. Key to the arrangement was an assurance that no royalties or taxes would benefit the government of Venezuela’s socialist leader, Nicolas Maduro.
News
May 23, 2025
The Trump administration is preparing to issue a narrowly tailored license to Chevron Corp., allowing the oil producer to conduct minimal maintenance of essential operations in Venezuela, according to people familiar with the matter.
News
May 22, 2025
U.S. Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation.
News
May 20, 2025
Venezuela released an American citizen on the same day the U.S. was set to give Chevron another 60-day waiver to operate in the country, part of a push by President Nicolas Maduro’s government and the Trump administration to improve ties.
News
April 25, 2025
Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.
News
April 11, 2025
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a U.S. sanctions deadline hits in May.
News
March 31, 2025
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market.
News
March 20, 2025
The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said.
News
March 13, 2025
Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a U.S. government deadline to stop producing oil there by early April.
News
March 04, 2025
The U.S. Treasury followed through on President Trump’s pledge to stop Chevron's operations in Venezuela, delivering a major blow to Nicolas Maduro’s autocratic regime. Chevron has ramped up production in recent years to supply about 20% of Venezuela's overall output.
News
February 26, 2025
U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country’s failure to take back migrants to the U.S. as quickly as it promised. Under the terms of the license, Chevron would have to exit Venezuela by the end of July.
News
February 24, 2025
Chevron's presence in Venezuela has helped lift the nation’s crude production back above 1 million bpd, in turn boosting the local economy. Now U.S. President Trump is poised to leverage this to get what he wants from Venezuelan President Nicolás Maduro.
Article
December 2024
Traditional producing countries in Latin America continue to stagnate, despite their great potential. However, to balance this scenario, non-traditional countries, such as Argentina, Guyana and Suriname, will attract new and important investments in the short and medium term to increase oil and gas production.
News
October 25, 2024
(Bloomberg) — Venezuela’s Vice President Delcy Rodríguez met with Indian energy officials on Friday to explore new oil and gas partnerships between both countries.
News
October 21, 2024
(WO) – Venezuela detained former Oil Minister Pedro Tellechea over the weekend as part of an internal purge at the state-owned oil company, PDVSA, after President Nicolás Maduro’s disputed reelection.
News
October 09, 2024
Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter.
