16 February 2026
16 February 2026
The OFAC issued general licences to Chevron, bp, Eni, Shell and Repsol for operating oil and gas projects in Venezuela.
With the agreement, PC Oman Ventures becomes the operator of Block 18 while partnering with OQEP.
The agreement covers the purchase of 1mtpa of LNG from the Commonwealth LNG export facility in Louisiana, US.
The Algaita-01 well is situated nearly 18km from the Azule Energy-operated Olombendo FPSO.
ConocoPhillips expects first gas from the project in Q4 2028, subject to regulatory approvals.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
