Financial institutions face increasing scrutiny as global sanctions regimes grow more complex. The U.S. Office of Foreign ...

the Office of Foreign Assets Control (OFAC) has issued General License No. 41B, allowing for the wind-down of certain transactions involving Chevron Corporation’s joint ventures in Venezuela.

The dynamic pace of early policymaking by the new U.S. administration has continued into the spring of 2025, including in the context of sanctions ...

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against a network of ...

The Trump Administration has revoked licenses for Shell and BP and their partners to operate natural gas projects offshore ...

In connection with this decision, OFAC has issued a wind-down license authorising M&P to undertake transactions necessary to conclude operations previously covered under the now-revoked license.

Meanwhile, there are other “specific licenses” for oil and gas companies at risk. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) had created a system to monitor at least part of ...

On Mar. 24, OFAC said the license revocation would be moved to May 27 from Apr. 3. The move comes following President Donald Trump’s meeting with Chevron chief executive officer Mike Worth and ...

The United States has revoked several transnational oil and gas companies' licenses to operate in Venezuela, Caracas said on Sunday, which had been granted despite Washington's sanctions against ...

President Trump has used tariffs as a significant point of geopolitical leverage since the beginning of his second term.

Prime Minister Stuart Young has confirmed that the United States has revoked Trinidad and Tobago’s licence to develop the ...