BP Signs Venezuela Gas MOU
30, April 2026
BP has signed an MOU with Venezuela covering Cocuina-Manakin development and possible Loran cooperation, with gas potentially moving to Trinidad for LNG export.
Venezuela
Chevron Expands Venezuela Heavy Oil Position
14, April 2026
Chevron has agreed an asset swap in Venezuela that lifts its Petroindependencia stake to 49% and gives Petropiar rights over Ayacucho 8, while offshore gas interests move to Venezuela.
US Seizes Third Tanker Tied to Venezuela
22, December 2025
The US has seized VLCC Bella 1, a third tanker tied to Venezuela and the second in less than 24 hours, under a warrant linked to Iranian oil trade and an OFAC sanctions listing.
Second Oil Tanker Seized by U.S. in Caribbean
22, December 2025
The U.S. Coast Guard has seized a second oil tanker in international waters near Venezuela, as Homeland Security Secretary Kristi Noem and Defense Secretary Pete Hegseth tie the move to President Trump’s tanker blockade policy.
