US issues general licence to authorise BP, Chevron, Enu, Repsol and Shell activities in Venezuela

16 February 2026

US issues general licence to authorise BP, Chevron, Enu, Repsol and Shell activities in VenezuelaZafer Kurt/Shutterstock.com

The US has issued two Venezuela general licences to authorise transactions for contingent contracts and oil and gas operations in Venezuela. Venezuela GL 49 GL 49 authorises transactions related to the “negotiation of and...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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