Commentary: Venezuelan Gas, Trinidad and the US Meddling in the Middle hartenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartenergy.com Daily Mail and Mail on Sunday newspapers.
“For any developing economy dependent on a single export commodity, powerful economic and political forces, both domestic and external, qualify the choices open to governments and structure their in
“For any developing economy dependent on a single export commodity, powerful economic and political forces, both domestic and external, qualify the choices open to governments and structure their in
The world s biggest natural gas reserves hydrocarbons-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbons-technology.com Daily Mail and Mail on Sunday newspapers.
TOTALENERGIES SE: Venezuela: TotalEnergies Exits From Petrocedeño
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate of Petróleos de Venezuela (PDVSA). Equinor having also decided to transfer in parallel its participation of 9.67% in the company, PDVSA will own 100% of Petrocedeño.
Petrocedeño S.A. is a company that produces extra-heavy crude oil from the Orinoco Belt in Venezuela, transports it and transforms it into light crude oil. TotalEnergies strategy, approved by its shareholders in May 2021, aims at focusing new oil investments on low carbon intensity projects, which does not correspond to extra-heavy oil development projects in the Orinoco Belt, commented