Shell, Venezuela, and the Return of the “Permissioned” Petroleum Rush
Shell is reportedly eyeing a renewed push into Venezuelan gas projects that could be worth billions, after a dramatic shift in Washington’s stance toward Caracas and the country’s leadership.
This is not a simple “back to business” story. It’s a reminder that in the hydrocarbons world, geology is optional; licensing is everything—and geopolitics is the real project operator.
The prize: Dragon gas and the Trinidad outlet
The centre of gravity for Shell’s Venezuela positioning remains the Dragon offshore gas field, long discussed as a potential supply source for Trinidad and Tobago’s LNG and petrochemical complex. The U.S. has previously issued authorisations to allow Shell and Trinidad to progress Dragon under sanctions carve-outs, with terms and limits designed to avoid material benefit to Venezuela’s sanctioned state apparatus.
Shell’s greener future is a matter of survival
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
