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

18 Jan 23
Venezuela: Geoex MCG signs MoU for Multi-client seismic project in Venezuela
Geoex MCG has announced the signature of a Memorandum of Understanding with The People’s Ministry of Petroleum of Venezuela. The MoU’s objective is to support the country's strategy to open the offshore domain for the exploration of liquid and gaseous hydrocarbons and attract international investors.
14 Oct 21
Venezuela: INPEX withdraws from Carabobo Project 3 in Venezuela
INPEX has announced that Japan Carabobo UK ('JCUK') has submitted a notification of withdrawal from Carabobo Project 3 to the government of Venezuela and the Project partners and has terminated its participation in the Project. JCUK is a subsidiary of Japan Carabobo, which is jointly owned by INPEX, Mitsubishi Corp and JOGMEC.
29 Jul 21
Venezuela: Equinor completes divestment of onshore asset in Venezuela
Equinor and state-owned Petroleos de Venezuela (PdVSA) have completed a transaction whereby Equinor will transfer its 9.67 per cent non-operated interest in the Petrocedeno project onshore Venezuela to PdVSA.
29 Mar 20
Venezuela: Rosneft sells its Venezuelan assets
Rosneft has announced the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Rosneft has concluded an agreement with the company 100% owned by the Government of the Russian Federation to sell all of its interest.
12 Mar 19
Venezuela to pay ConocoPhillips USD 8.7 billion for unlawful expropriation of Company’s oil investments
ConocoPhillips has announced that an international arbitration tribunal has unanimously ordered the government of Venezuela to pay the company USD 8.7 billion in compensation for the government’s unlawful expropriation of ConocoPhillips’ investments in Venezuela in 2007.

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