Shell CEO Wael Sawan evaluates new opportunities in Venezuela

Shell: Shell is a major global energy and petrochemical company headquartered in London, with operations spanning upstream oil and gas exploration, production, and integrated energy projects worldwide. Its CEO recently highlighted plans to pursue additional opportunities in Venezuela, building on existing negotiations for offshore gas developments near Trinidad and Tobago. The company has been advancing projects in the country following shifts in the political and regulatory environment. Shell CEO: Wael Sawan serves as the CEO of Shell, overseeing strategic decisions including international expansion in energy sectors. He has publicly discussed evaluating new opportunities in Venezuela to add value for the country, particularly in natural gas, while monitoring improvements in fiscal and legal conditions. Sawan spoke on the topic at the recent CERAWeek conference in Houston. Regional Partnerships: Shell continues to collaborate with Trinidad and Tobago entities on cross-border gas initiatives that could support regional energy supply needs. Venezuela Energy Developments: Shell has been in advanced talks with Venezuela's government to expand into additional offshore gas areas beyond its existing Dragon project focus.