Maurel & Prom and Repsol project production increases in Venezuela by end of 2026
Companies expect to reach 23,000 barrels per day and a 50 percent increase respectively after receiving U.S. licenses
Section
Oil
Democratic Senators Question Legality of US Oil Agreement with NABEP
Four senators sent a letter to senior officials demanding details on the Pentagon's legal authority to acquire a 35% equity stake in the company linked to Alejandro Betancourt and on the terms covering 17 blocks in the Orinoco Belt.
House Democrats Demand NABEP Oil Deal Documents From Rubio
The source consulted reports lawmakers received only one document and seek details on the petroleum agreement linked to Betancourt.
Ecopetrol scouts Venezuela oil opportunities at Caracas congress
Under new president Joaquín Gutiérrez Caballero, Colombia’s state oil firm is at the International Oil and Gas Congress in Caracas to map hydrocarbon prospects. It says any activity would stay within U.S. OFAC licenses and has announced no deal with PDVSA.
