US allows oil majors to negotiate deals with Venezuela's PDVSA

7 sources12 articlesUpdated Feb 20, 12:03 PM

Summary

The U.S. Treasury's OFAC grants BP, Shell, Chevron, Eni, and Repsol permission to negotiate deals with Venezuela's state-owned oil company, PDVSA. This marks a significant shift in U.S. policy towards Venezuela's oil sector.

Recent Coverage

Risks Persist Despite Easing of Venezuelan Sanctions
Energy Intel • Feb 19
What’s the status of international oil companies in Venezuela?
BOE Report • Feb 19
USA Says VEN Oil Output Can Climb 30-40 Pct This Year
RigZone • Feb 19
Oil companies jostle for projects to boost Venezuelan output quickly; a real grind awaits
BOE Report • Feb 19
U.S. to Redirect Venezuelan Oil Royalties Into a Treasury-Controlled Fund
OilPrice.com • Feb 19

US allows oil majors to negotiate deals with Venezuela's PDVSA

Summary

Recent Coverage

Risks Persist Despite Easing of Venezuelan Sanctions

What’s the status of international oil companies in Venezuela?

USA Says VEN Oil Output Can Climb 30-40 Pct This Year

Oil companies jostle for projects to boost Venezuelan output quickly; a real grind awaits

U.S. to Redirect Venezuelan Oil Royalties Into a Treasury-Controlled Fund

Read the Full Analysis