Which companies are set to sign agreements with Venezuela for oil and gas areas, and what specific assets are involved?

Chevron is expected to sign agreements to return an offshore gas field to Venezuela and participate in an extra heavy crude area in the country's main oil region; Shell is set to sign a pact to receive the Loran gas field for operation.

When are Chevron and Shell scheduled to sign these agreements, according to the sources cited in the news?

Chevron is expected to sign the agreements on Monday, as stated by three sources close to the preparations; the timing for Shell’s signing is not specified beyond being part of the same round of pacts.

Chevron, Shell to Sign Agreements for Oil, Gas Areas in Venezuela, Sources Say

Apr 13, 2026

Chevron and Shell are set to sign agreements to resume oil and gas operations in Venezuela, covering an offshore gas field, extra heavy crude area, and the Loran gas field respectively.

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