The move forms part of the French oil and gas company’s efforts to withdraw from natural gas operations and end future investments in Venezuela. Full Text -> OffShort

Traducción de cortesía -> La medida forma parte de los esfuerzos de la compañía francesa de petróleo y gas para retirarse de las operaciones de gas natural y poner fin a futuras inversiones en Venezuela.

Despite huge oil reserves waiting to be tapped, the ongoing sanctions on Venezuelan oil and the current state of politics and the economy are driving international oil majors away from the Venezuelan energy market. Full Text -> Yahoo!Finances

Traducción de cortesía -> A pesar de las enormes reservas de petróleo que esperan ser explotadas, las sanciones en curso sobre el petróleo venezolano y el estado actual de la política y la economía están alejando a las grandes petroleras internacionales del mercado energético venezolano.

“Clearly, allocating CapEx to the development of extra heavier projects in the Orinoco Belt will not be consistent with our hydrocarbon state strategy in terms of CO2 intensity of new hydrocarbon CapEx,” Pouyanné told analysts in an earnings call on Thursday. Equinor said the transaction supports its “corporate strategy to focus its portfolio on international core areas and prioritised geographies where Equinor can leverage its competitive advantages.” By Luc Cohen and Terje Solsvik. Full Text -> Devdiscourse

Norway’s Equinor and France’s TotalEnergies have agreed to sell their stakes in Venezuela’s onshore Petrocedeno project to a unit of state oil firm PdVSA, which will become the sole owner, Equinor said on Thursday.“The Petrocedeno project aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt area,” Equinor said in a statement. (By Terje Solsvik. Full Text-> Reuters

Repsol He has already accumulated seven months without receiving a barrel of oil from Maduro’s Venezuela. According to data from the Strategic Reserves Corporation (Cores), the importation of Venezuelan oil has been zero in April, so they are already seven months -since October- without a single barrel of crude arriving from the country of Nicolas Maduro. Until then, the oil company that presides Antoni Brufau It collected a debt that the state company Petróleos de Venezuela (PDVSA) maintains with Repsol in barrels of oil. However, Maduro has turned off the tap despite the fact that the debt remains, according to Repsol’s 2020 annual report. Full Text -> MarketResearchTelecast

Venezuela has warned foreign oil companies like Chevron and Repsol that their licenses are at risk unless they help the OPEC member country reverse the historic decline in production, according to people familiar with the subject. By Juan Martinez. Full Text-> TheRioTimes