WASHINGTON, D.C.--The Trump administration is discussing whether to renew a license allowing Chevron Corp. to continue operating in Venezuela despite U.S. sanctions on the country's oil sector, White House economic adviser Larry Kudlow said on July 9.
The waiver issued by the U.S. Treasury's Office of Foreign Assets Control will expire on July 27.
"It is under discussion," Kudlow said. "I don't know about the license. That will be determined in the future. It's under discussion right now," he said.
Kudlow heaped praise on Chevron, calling it a "fabulous" energy company with an "illustrious tradition" in Venezuela.
So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.
H2O Midstream's acquisition is concurrent with the execution of an acreage dedication based midstream water services agreement with Encana for a portion of its Permian Basin position.
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.