State-owned generator CleanCo said the project no longer aligned with its current strategic activities, commercial portfolio and investment priorities.
No new Pacific drilling rights have been auctioned since 1984, following the 1969 Santa Barbara spill that released more than 4 million gallons of oil.
‘U.S. companies will not commit serious capital to Venezuela without a credible reset on rule of law,’ Jason Isaac, American Energy Institute CEO, said.
State-owned generator CleanCo said the project no longer aligned with its current strategic activities, commercial portfolio and investment priorities.
No new Pacific drilling rights have been auctioned since 1984, following the 1969 Santa Barbara spill that released more than 4 million gallons of oil.
‘U.S. companies will not commit serious capital to Venezuela without a credible reset on rule of law,’ Jason Isaac, American Energy Institute CEO, said.