ofaclicencias

📊 Port of Spain wants certainty, not surprises
Trinidad and Tobago’s Energy Minister, Roodal Moonilal, sought to reassure the public: the authorizations allowing Venezuelan gas to be developed would remain in place even if the political landscape in Washington shifts after the midterm elections. Two names are key: Dragon and Loran. The former, located in Venezuelan waters near the island, is estimated to hold around 4.2 trillion cubic feet of gas—enough to supply much of Trinidad’s liquefied natural gas and petrochemical industries.

Commercial debt in Venezuela’s oil industry is no longer just hallway talk; it is beginning to take shape as a structured initiative. The PDVSA Commercial Creditors Committee announced that on November 17 it will present “Capital Nacional,” an initiative aimed at organizing outstanding claims from suppliers, engineering contractors, oilfield services companies, and supply and construction firms, as well as proposing foreign financing arrangements for the state-owned company and its subsidiaries.