Chevron, ONGC, and GE Vernova Near Final Venezuela Energy Deals
Chevron, ONGC, GE Vernova, Eni, and GeoPark are set to finalize energy agreements in Venezuela, bringing new foreign investment into the country's oilfields and power infrastructure. This follows Venezuela's revision of oil contracts under its amended hydrocarbons law, allowing foreign companies greater operational flexibility.
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Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say
Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say
Chevron, ONGC and GE Vernova Near Final Venezuela Energy Deals
Chevron, India’s ONGC, GE Vernova, Eni and GeoPark are preparing to sign final energy agreements in Venezuela, bringing new foreign investment into the country’s oilfields and power infrastructure, Reuters reported Monday, citing five sources close to the preparations. Venezuela has spent the past six months rewriting existing oil contracts under its amended hydrocarbons law, giving foreign companies more operational flexibility over fields previously dominated by PDVSA. The new terms allow companies to export their own crude…