Venezuela Grants Shell a License for the Exploration and Exploitation of a Gas Field

Venezuela issues natural gas permit to Britain’s Shell

Venezuela’s interim president Delcy Rodriguez opened the oil and gas sector to foreign investment in January. (EPA Images pic) CARACAS: Venezuela on Thursday granted British oil giant Shell a license to explore and export natural gas, as it joins the ranks of multinational companies rushing to tap the country’s vast oil and gas reserves. Interim President Delcy Rodriguez opened the sector to foreign investment in January, pushing a reform law th…

Venezuela Signs Agreements With Shell for Loran Gas Field

Venezuelan Acting President Delcy Rodríguez signed several agreements with the multinational company Shell on Thursday, June 11. These agreements represent the start of Phase I of development and operations at the Loran natural gas field. A total of five strategically important deals were signed, designed to increase Venezuela’s energy capacity for both domestic consumption and the export market. Through the momentum generated by this first oper…

Shell signs five agreements with Venezuela to advance oil and gas projects (SHEL:NYSE)

Venezuela's government signed five agreements with ‌Shell to advance oil and gas projects, including the company's participation in the 7 Tcf Loran offshore gas field.

Venezuela hands Shell a license for the cross-border Loran gas field shared with Trinidad

Venezuela on Thursday granted the British company Shell a license for a first phase of exploration and exploitation of the Loran gas field, which has seven reservoirs, six of them transboundary with Trinidad and Tobago. The signing was led by acting President Delcy Rodríguez at Miraflores Palace, the seat of the Venezuelan government.