- Venezuela's oil minister says Royal Dutch Shell (RDS.A, RDS.B) will provide ~$400M in financing to boost production at Shell's Petroregional del Lago joint venture with state-run PDVSA.
- Shell's holds a 40% stake in Petroregional, which operates the Urdaneta oilfield in Venezuela's western Maracaibo Lake and produces 30K-35K bbl/day; the agreement aims to increase total production to an average of ~52.4K bbl/day.