Shell has secured preliminary agreements for access and joint ventures within Venezuela's oil sector.

The entities involved

• Shell →

  British multinational oil and gas company

  • MarketBeat is reporting analyst ratings for Shell and Targa Resources.Mon 16:30
  • EY reported that major oil companies like TotalEnergies and Shell are prioritizing shareholder returns over reserve expansion.Mon 09:04
• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26
• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37

Related events

• A bilateral agreement has been reached between two countries, including Venezuela, to establish cooperation in the energy, food, tourism, and agricultural sectors.Aug 30
• A dialogue was held concerning macroeconomic prospects and policy priorities involving Venezuela, the IMF, and the Central Bank.Jul 30
• Delcy Rodriguez, Jennifer Geerlings-Simons, and Venezuela signed cooperation agreements in multiple sectors, including an oil deal with a multinational company.Sep 20
• Oil India is pursuing new exploration assets in Venezuela and interacting with the state-run oil company PDVSA.Sep 22
• Strategic partnership formed between Greenland and Venezuela for military and resource access, including an oil deal.Fri 11:08