reuters.com

GE Vernova Among Firms Expected to Sign Final Venezuela Energy Pacts

Chevron logoChevron
Sig3.99Sen+2.39Env-3.41Soc-0.32Gov-1.04
Oil & Natural Gas logoOil & Natural Gas
Sig2.74Sen+1.79Env-1.13Soc-0.26Gov+0.08
GE Vernova logoGE Vernova
Sig2.74Sen+2.83Env-1.36Soc+0.66Gov0.00

Pacts expected to be finalized for Venezuela would follow a six-month migration of oil contracts to an amended hydrocarbon law that gives foreign firms more flexibility to expand operations, export barrels and repatriate cash proceeds, and set terms for new energy and electricity projects. GE Vernova is working to add an Orinoco Belt block to expand its PDVSA joint venture.

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