Shell Makes Deal With Kazakhstan, Venezuela.

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 Huh.

Oil giant Shell has secured new agreements with both Venezuela and Kazakhstan, advancing its oil and gas exploration ventures in these regions.

In Venezuela, Shell signed multiple exploration agreements with the government, encompassing offshore natural gas, and onshore oil and gas opportunities, reported Reuters.

Additionally, technical and commercial agreements have been established with VEPICA, KBR and Baker Hughes.

This development follows a meeting between US Interior Secretary Doug Burgum and Venezuelan President Delcy Rodriguez.

The agreements facilitate the advancement of the Dragon gas project, which has faced delays due to shifting US policies towards Venezuela.

Shell indicated earlier this year that US licences would enable project advancement.

Trinidad’s Energy Minister, Roodal Moonilal, said that exporting first gas to Trinidad from the Dragon project is expected by the third quarter of 2027, with the aim of boosting output at the Atlantic LNG plant.

In Kazakhstan, Shell’s subsidiary has entered into a contract with the Ministry of Energy to explore the Zhanaturmys field in the Aktobe region, Reuters reported.

This contract allows for seismic surveys and data collection on the 1,377km² Zhanaturmys block until 2032, pending necessary permits. However, investment details remain undisclosed.

Meanwhile, Shell is also involved in international arbitration concerning two major projects in Kazakhstan.

I'm curious if this is connected into the United States pressuring Venezuela in the wake of kidnapping their president...and if so, how.

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