Venezuela to reduce oil production amid US export embargo pressures
PDVSA initiated the cuts after limited storage capacity and an export-disrupting blockade squeezed operations.
05 January 2026
05 January 2026
PDVSA initiated the cuts after limited storage capacity and an export-disrupting blockade squeezed operations.
Leading oil and gas companies continue to work towards the decarbonisation targets they have set, leveraging a combination of existing measures and emerging technologies.
Under the agreement, PETRONAS LNG will deliver one million tonnes per year of liquefied natural gas.
The first contract, CRPO 162, runs for 32 months and covers the EPCI of about 34 km of pipeline.
The P-78 FPSO can produce 180,000bbl of oil and 7.2mcm of gas per day.
The platform sits in Block 0 that accounts for about 12% of Angola’s daily energy output.
The Zama partners, encompassing Pemex, Grupo Carso, and Talos Energy, agreed to the appointment.
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