The US has eased seven licenses for Venezuela oil and gas, and services giant SLB has signed a technology deal, a new phase in the sector reopening.
Venezuela · Energy
Key Facts
—The new step. On June 11, the US Treasury revised seven licenses governing oil, gas, petrochemical and mining work in Venezuela.
—The big name. SLB, the oilfield-services giant formerly called Schlumberger, signed a technology memorandum with Caracas the same day.
—Who benefits. The eased rules help Chevron, Repsol, Eni, BP and France’s Maurel & Prom.
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