HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 18.Feb.2026, Words: 140) — The US Office of Foreign Assets Control (OFAC) issued general license 50A, dated 18 Feb. 2026, which authorizes transactions by certain entities related to Venezuela’s oil or gas sector. Importantly, GL50A states the following: (1) Any contract for such […]
Tag: Maurel & Prom
Delcy Rodriguez, Venezuelan authorities mets with IOCs from Repsol to Maurel in Caracas
BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 7.Feb.2026, Words: 230) — Venezuela’s interim president Delcy Rodriguez and other Venezuelan authorities met with executives from international oil companies (IOCs) in Caracas with an aim on creating major alliances to consolidate and strengthen the OPEC country’s hydrocarbon production. Rodríguez met with […]
Venezuela lays foundation to boost petrol to $0.75/lt from $0.50/lt, Bloomberg Línea says
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 8.Jun.2025, Words: 136) — The government of Venezuela’s president Nicolás Maduro is laying the foundations to implement a 50% increase in petrol prices at the pumps across the South American country with the world’s largest crude oil reserves. This, as Venezuela prepares […]
Venezuela’s oil exports stable as buyers in China receive more
(Reuters, 3.Jun.2025, Words: 473) — Venezuela’s oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal documents from state company PDVSA. The U.S. Treasury and State departments in March revoked the authorizations they had granted in […]
OFAC revokes M&P’s Venezuela license, grants wind-down until 27 May 2025
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Mar.2025) — Paris-based Établissements Maurel & Prom received a notification from the US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) informing the company that the specific license granted in May 2024 for its activities in Venezuela has been revoked. […]
Up to 50 Firms Seek U.S. Oil Licenses in Venezuela, Official Says
(Reuters, 23.May.2024) — The U.S. has received up to 50 requests for individual licenses from companies aiming to do business in Venezuela’s oil industry, following the expiration of a general authorization granted last year to the sector, the chief of the U.S. mission for Venezuela said late on Wednesday. The U.S. Treasury Department in mid-April […]
EAI’s NRGBriefs: Nov. 2023
(Energy Analytics Institute, 30.Nov.2023) — Energy briefs as well as others related to finance and projects during November 2023 including PDVSA and the French co. Maurel & Prom inking a first framework agreement; Venezuela to hold referendum related to the Essequibo disputed region between Venezuela and Guyana; Colombia’s National Hydrocarbon […]
![Maurel & Prom Inks Deal in Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/11/mp-pdvsa.png)
Maurel & Prom Inks Deal in Venezuela [PDF Download]
(Sempra, 8.Nov.2023) — Maurel & Prom signed a set of agreements with Venezuela’s state owned PDVSA for the immediate restart of the activity of M&P’s mixed company in Venezuela. _________________
Venezuela’s Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA
(EIA, 23.Oct.2023) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on October 18 for six months, paving the way for additional exports of the heavy, sour crude oil the country produces. That type of crude oil has been […]
Venezuela Assigns Oil to ONGC, Maurel & Prom as They Seek US Approval
(Reuters, 1.Mar.2022) — Venezuela’s state-run oil company PDVSA has agreed to allocate cargoes to producers ONGC from India and Maurel & Prom from France to settle debts, but the deals await U.S. authorizations, two people close to the discussions said. PDVSA in recent months assigned a 2 million-barrel cargo of […]
![ANH’s Ronda Colombia 2021 [Photo Roundup]](https://energy-analytics-institute.org/wp-content/uploads/2021/12/ronda-2021-e-colombia-source-mines-and-energy-ministry-1.jpg)
ANH’s Ronda Colombia 2021 [Photo Roundup]
(ANH, 1.Dec.2021) — The ANH reports success in the Colombia Round 2021: 30 bids for areas were received in order to continue the reactivation of the hydrocarbon sector. The top photos from the event follow.
ANH Says 16 Companies Qualified For 3rd PPAA
(Energy Analytics Institute, 23.Oct.2020) — Colombia’s National Hydrocarbon Agency or ANH published a definitive list of 16 companies qualified for the third cycle of its Permanent Area Assignment Process (PPAA). The ANH received 19 requests from companies interesting in qualifying, but settled on 16 that will be able to present […]
Shell Seeks To Sell Venezuela JV Stake
(Reuters, 12.Oct.2018) — Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas. The Anglo-Dutch […]
Maurel & Prom Confirms Discussions With Shell Over Urdaneta West Field In Venezuela
(Maurel & Prom, 12.Oct.2018) — Etablissements Maurel & Prom notes recent press articles and confirms it is working on the acquisition of Shell Exploration and Production Investments B.V.’s 40% interest as “Shareholder B” in Petroregional del Lago Mixed Company, which operates the Urdaneta West field in Lake Maracaibo, Venezuela. Maurel […]