-
What is the current status of international oil companies operating in Venezuela?
21 Feb 2026 06:23 GMT
… The country has vast oil reserves, but a dilapidated … Company a?exploration and a production licence for Venezuelan … Resources Corp. planned to invest over $1 billion into two oilfields … license.
REPSOL
Repsol has stakes in onshore and offshore oil …
-
Exxon will determine the size of the natural gas reserves in Guyana's Stabroek Block.
21 Feb 2026 06:23 GMT
… determining the size of natural resources in Guyana’s?prolific … S. oil giant, who leads the consortium operating the Stabroek Oilfield, … . Guyana's oil and gas reserves could be huge.
Exxon … .
Bharrat said that the exploration license granted by Exxon to a …
-
Land rights controversy hurts palm oil investment
21 Feb 2026 06:59 GMT
… productive use of natural resources. The problem lies not … stretch across decades. HGU permits, valid for 35 … watersheds and maintain carbon reserves. They are not idle … assets embedded within commercial concessions. Compliance with sustainability frameworks …
-
New oil and gas reserves found in Kohat
21 Feb 2026 01:44 GMT
… announced a significant oil and gas discovery at its exploratory well Baragzai … Formation covered by Nashpa exploration licence. During Cased Hole Drill Stem Test (CHDST … , which had also resulted in oil and gas discoveries. The latest …
-
Guyana tells ExxonMobil no exploration near Venezuela until World Court border ruling
21 Feb 2026 00:14 GMT
… Tribunal Award, natural resources minister Vickram Bharrat said … said other international oil companies with concessions in the disputed … Affairs requesting permission to explore for hydrocarbons in … belongs to Norwegian company Petroleum Geo-Services (PGS), …
-
Venezuela Oil Industry Sanctions Update: Analyzing OFAC General Licenses and New FAQs
20 Feb 2026 22:55 GMT
… kerosene, distillate fuel oil, residual fuel oil, petrochemical feedstocks, special … refining of such oil. Exploration and production activities … operate oil fields, blocks, or other concessions.”
FAQ … with all general licenses, OFAC reserves the right to …
-
OFAC Issues Several New General Licenses Regarding Oil Trade with Venezuela
20 Feb 2026 22:51 GMT
… licenses are expected, the following include the most recent efforts:
General License … Administration (“EIA”), including petroleum coke, flexicoke, … oil exploration activities, such as geological surveys or drilling … excluding local taxes, permits, or fees, …
-
Robert Sulnick: Sable Oil drags Santa Barbara County backwards
20 Feb 2026 22:03 GMT
… threat of barging crude oil directly from offshore platforms on the … featured the world’s first offshore oil wells in Summerland in 1896 … plan to prohibit new oil and gas drilling and phase out … permits to restart the ‘Santa Ynez Unit’, as the 3 local offshore …
-
Maurel & Prom, a Venezuelan oil firm, says that teams are fully mobilised after the US issued key authorization.
20 Feb 2026 21:55 GMT
… license along with?other companies. The company had hoped to resume oil … submitted a 'new licence application' to the … covered under two general licences issued by OFAC last … a significant increase of identified reserves in Venezuela. Studies confirmed …
-
Iran’s Military Drills Raise Tensions As U.S. Boosts Middle East Presence
20 Feb 2026 21:53 GMT
… the Middle East. The drills, which included live-fire … a linchpin for global oil supply routes and strategic … communicated their reluctance to permit the use of their … explore more specific information about regional security arrangements through resources …