HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 13.Apr.2026, Words: 300) — Chevron Corporation, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (PDVSA) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic […]
Tag: Chevron Venezuela
Trump quietly renews Chevron’s license in Venezuela, marking shift in US policy
MIAMI, FLORIDA (By Antonio Maria Delgado, Miami Herald, 24.Jul.2025, Words: 1,030) — In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly approved a new license allowing oil giant Chevron to restart its operations in the South American nation, according to sources with direct knowledge of the […]
LatAmNRG heard: Mexico elections, Chevron Venezuela, Vaca Muerta, Venezuela LNG
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.May.2025, Words: 339) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 30 May 2025 including coverage on Ecuador an efforts to restart units at the Esmeraldas refinery, Mexico and judiciary elections on 1 Jun. 2025, […]
Chevron confirms expiration of GL 41BÂ that impacts operations in Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.May.2025, Words: 246) — Chevron Corporation confirmed expiration of General License 41B (GL41B), issued by the US Office of Foreign Assets Control (OFAC), which gave the US energy giant until 27 May 2025 to wind down operations in Venezuela. Chevron has operated […]
Trump, OFAC and Chevron’s “secret” license to operate in Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.May.2025, Words: 274) — The administration of US president Donald Trump has authorized Chevron Corporation to continue limited activities in the OPEC country, but with a key change: this time the license is secret. “It is an important turn with respect to […]
Venezuela activates independence plan after sanctions against Chevron
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025, Words: 246) — Venezuela’s President Nicolás Maduro ordered activation of the “absolute productive independence plan” aimed to assist the country maintain its hydrocarbon sector and underlining economic growth. This, after the US Office of Foreign Assets Control (OFAC) issued General License […]
Chevron JVs producing around 242,000 b/d or 27% of Venezuela’s production
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 2.Mar.2025, Words: 666) — 4 Venezuelan joint ventures (JVs) of US-based Chevron Corporation were producing an average 242,000 barrels per day (b/d) in late-Feb. 2025, according to state-owned PetrĂłleos de Venezuela (PDVSA) documents seen by Energy Analytics Institute (EAI). Such production […]
Venezuela’s Delcy RodrĂguez comments on US sanctions on Chevron Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 26.Feb.2025) — Venezuela’s Executive Vice President and Energy Minister Delcy RodrĂguez said the idea of renewed sanctions on Chevron Corporation and its 4 joint venture (JV) subsidiaries in Venezuela was a bad decision. “Today, February 26, the government of the United States […]
LatAmNRG Heard: Halliburton Argentina firings, Equinor’ Vaca Muerta assets
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.Feb.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 21 Feb. 2025. —Argentina: Halliburton said to have fired 300+ workers in Comodoro in Argentina, according to union officials in the South American country.Â
Chevron Venezuela Manager Jailed Amid Crackdown on Gov’t Critics
(AP, 23.Mar.2024) — A former fighter pilot jailed in Venezuela in February for his ties to a prominent human rights attorney is an employee of U.S. oil firm Chevron, The Associated Press has learned, an arrest that combined with other recent repressive acts by Nicolás Maduro’s government is straining efforts […]
PDVSA and Chevron oversee Petropiar safety operations
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Feb.2024, Words: 140) — Executives with state-owned PetrĂłleos de Venezuela, S.A. (PDVSA) and Chevron Venezuela supervised safety operations at the PDVSA Petropiar, S.A. joint venture as part of scheduled visits slated for 2024. Executives participating included the president of the board of directors […]
Chevron Venezuela’s Exit To Aid Putin’s Russia
(S&P Global Platts, Brian Scheid and Rosemary Griffin, 17.Oct.2019) — Chevron is pushing back against the Trump administration’s plans to let the company’s Venezuela sanctions waiver expire, arguing such a move could ultimately drive oil production up, bolstering both the Maduro regime and Russia’s standing in the global market. “It’d […]