End of general license would further reduce Venezuela oil output Receive daily email alerts, subscriber notes & personalize your experience. Register Now Chevron projects, including Petropiar, to be impacted Could allow Russian, Chinese firms new foothold in sector The Trump administration is strongly considering letting a waiver which allowed Chevron and four US oil services companies to continue work with Venezuela’s state-owned oil company expire at the end of the month, potentially accelerating the collapse of the country’s oil sector, sources told S&P Global Platts on Tuesday. The waiver, a general license issued by the US Treasury Department on January 28 as the administration unveiled its most punitive sanctions on Venezuela’s oil sector, allowed Chevron, Halliburton, Schlumberger, Baker Hughes, and Weatherford International, to continue certain work with PDVSA. The waiver expires on July 27. Sources said Treasury is considering allowing the waiver to expire in an attempt […]