South America / GoM

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Country summary: Venezuela

energy-pedia opportunities - Venezuela:
Current deals: 0
Licensing articles: 88
Completed deals: 31

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Venezuela - recent news

22 Sep 26
Venezuela: Halliburton signs agreements to support energy development opportunities in Venezuela
Halliburton has announced the signing of memorandums of understanding (MOUs) with Eneva and WESCA to support energy development opportunities in Venezuela and help customers advance projects in the country's oil and gas sector.
17 Sep 26
Venezuela: Continental Resources igns MoU with Petróleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block
Continental Resources has announced the signing of a Memorandum of Understanding (MOU) with Petróleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela's Orinoco Oil Belt, one of the world's most prolific oil-producing regions.
02 Sep 26
Venezuela: Eni signs strategic contract in Venezuela and becomes Operator of the super giant Junín-5 oil field
Eni and PDVSA signed the 'Contrato de Participación Productiva de Hidrocarburos' (CPPH) relating to the development of the Junín 5 giant oil field, located onshore in the Orinoco Belt. The CPPH, which has a duration of 25 years with the possibility of extension, grants Eni the role of exclusive Operator of the Junín 5 area, with full responsibility for the technical, financial and commercial management of the project. Junín 5 is a heavy oil field containing 35 billion barrels of certified oil in place.
14 Aug 26
Venezuela: XRG advances global gas strategy with entry into Venezuela
XRG, ADNOC's international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence by the Bolivarian Republic of Venezuela, and the transfer of interest in the license by PDVsA Gas. The licence contains over 4 trillion cubic feet of proven gas resources.
13 Aug 26
Venezuela: bp awarded Loran Phase 2 licence as bp and Venezuela deepen offshore energy cooperation
bp and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area. Loran Phase 2 contains an estimated 4 trillion cubic feet of recoverable gas resources.

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