ExxonMobil Opens Door to Venezuela Return With Preliminary PDVSA Agreement

EnergyNow Media ExxonMobil has taken a preliminary step toward a possible return to Venezuela, signing a non-binding agreement with state-owned oil company PDVSA to assess upstream opportunities nearly two decades after its assets were expropriated. The memorandum of understanding, announced Monday, November 9, establishes a basis for evaluating potential exploration and production investments. ExxonMobil has … Read more