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Trinidad and Tobago’s state NGC Exploration & Production Ltd. last week signed an exploration and production license for the offshore Dragon field with Shell Venezuela SA and Venezuela’s Ministry of ...

The White House previously revoked oil and gas licences in Venezuela to increase pressure on the country. Credit: Igor Hotinsky/Shutterstock.com. · Offshore Technology · Igor Hotinsky/Shutterstock.com ...

Dec 21 (Reuters) - Shell PLC SHEL.L and Trinidad and Tobago's National Gas Company (NGC) NGCTT.UL were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (TCF) Dragon ...

In the picture, from left to right: Venezuelan Minister of Oil and PDVSA president Pedro Rafael Tellechea; Vice President Delcy Rodriguez; and Trinidadian Minister of Energy and Industry Stuart Young.

Venezuela’s oil and gas sector, largely controlled by state-run PDVSA, remains subject to strict U.S. sanctions. However, Washington granted a special license in early 2023, allowing Trinidad’s ...