AGP Executive Report
Last update: an hour agoOil & Gas Deal Momentum: ONGC secured a U.S. OFAC licence to resume full Venezuela operations, aiming to expand output and potentially take on more operatorship roles in joint ventures with PDVSA. Regional Energy Integration: Trinidad and Tobago is moving to deepen energy security after new Venezuelan natural gas exploration licences tied to the Loran-Manatee cross-border field, with bp, XRG and UCC among the key players. Loran Phase 2 Push: Venezuela’s government backed offshore gas development at Loran Phase 2 (Plataforma Deltana), positioning the project to feed processing and LNG plans in the region. Housing Recovery After Quakes: President (E) Delcy Rodríguez delivered financial credits to 157 condominium communities in Caracas to rehabilitate buildings and homes damaged by the June 24 seismic events, with additional housing support for families in temporary camps. Disaster Preparedness Focus: A seismic vulnerability study highlights the need to reinforce essential infrastructure and expand building and road evaluations, as earthquake risk remains a live industrial and public-safety concern.
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