Italian oil and gas group Eni is monitoring the situation in Venezuela very carefully but its production in the country for now is unaffected, a spokesman said on Jan. 24.
“The situation in the fields is quiet and under control,” the spokesman said.
On Jan. 23 Venezuelan opposition leader Juan Guaido declared himself interim president, winning the backing of the U.S. and many Latin American nations.
His move prompted socialist President Nicolas Maduro, who has led the oil-rich nation since 2013, to break relations with the U.S.
OPEC oil producer Venezuela produced more than 2 million barrels per day (bbl/d) in 2017, but a deep economic and social crisis has seen output plummet as millions of people flee the country.
Foreign oil companies operating in the area have had problems with payments in oil from Venezuela.
State-controlled Eni, which has been in Venezuela since 1998, currently produces around 46,000 bbl/d.
It has a 50% stake in the giant Perla gas field, a 40% stake in the Junin 5 oilfield and owns 26% of the Corocoro oilfield.
The United Conservative Party of Jason Kenney, which had led in the polls for months, crushed the left-leaning New Democratic Party government of Rachel Notley amid frustration over the economy and a beleaguered energy industry.
Perry tells Senate hearing that the world has changed since SPR was built.
President Donald Trump on March 29 signed a new permission for TransCanada Corp. to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana.