August 2026 - Page 5 of 15 - The Daily Journal

Venezuelan authorities visit Shell to assess technologies for the energy sector

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

Company executives showcased Shell’s technological and operational capabilities in key areas to the Venezuelan delegation The Daily Journal.- A Venezuelan government delegation led by Hydrocarbons Minister Paula Henao visited multinational energy company Shell’s facilities to gain firsthand knowledge of its technological capabilities in offshore exploration, natural gas development, among other areas. Johann Álvarez Márquez, national […]

U.S. Embassy backs agreement between PDVSA and oilfield services company SLB

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The U.S. Embassy in Venezuela expressed its support for a framework services agreement between state-owned Petróleos de Venezuela (PDVSA) and multinational company SLB (formerly known as Schlumberger), as part of efforts to modernize oil exploration and production in the South American country. PDVSA and SLB signed the agreement during the IMAGE […]

U.S. plans to allocate $57 million to Venezuela’s National System of Youth and Children’s Orchestras and Choirs

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- The U.S. Department of State, in collaboration with Congress, plans to provide $57 million in grants to support the recovery of Venezuela’s National System of Youth and Children’s Orchestras and Choirs (El Sistema) and complete an 18,000-square-meter Teacher Training Center in Venezuela, the U.S. Embassy in Caracas said Thursday. The funding will […]

Oil equipment supplier SBO puts Venezuela back on its radar

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Austrian company SBO received an order to deploy its precision technology in Venezuela The Daily Journal.- Venezuela has returned to the business radar of oil equipment supplier SBO after the company received an order to deploy its precision technology in the South American country. According to Klaus Mader, CEO of the Austrian company, the Venezuelan […]

Enrique Márquez defends phased transition and highlights U.S. role

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Political leader Enrique Márquez returned to the public spotlight on Thursday to defend the “stabilization, recovery and transition” roadmap that the United States has promoted for Venezuela. The former political prisoner acknowledged that Washington is overseeing the process and rejected criticism from those who consider the timetable “too slow.” During the presentation […]

Crossover energy nears completion of agreements with Venezuela and PDVSA

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – U.S. energy company Crossover Energy has entered the final stage of negotiations to finalize oil agreements with Venezuela, CEO Eric McCrady confirmed during a conference in Houston. The company is finalizing the agreements with Petróleos de Venezuela (PDVSA) and the Ministry of Hydrocarbons. Crossover Energy entered Venezuela after acquiring control of […]

How much does an industrial worker earn in Venezuela?

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

The average salary of an industrial worker in Venezuela covers barely 41% of the cost of the basic food basket, highlighting a deep gap between income and the cost of living. Even at large companies, where monthly income reaches US$455, workers earn only enough to cover 63% of what a family of five needs. The […]

Venezuelan debt grows and complicates restructuring: liabilities exceed US$240 billion

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Venezuela faces more than US$240 billion in debt, equivalent to 216% of its GDP, according to Bloomberg reports The Daily Journal.- Venezuela’s debt continues to grow as the government of Acting President Delcy Rodríguez prepares a comprehensive restructuring of the country’s external obligations. According to Bloomberg, a new arbitration award in favor of U.S. insurer […]

Venezuelan oil price declined at the end of the first half of 2026

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Venezuelan oil prices averaged US$67.36 per barrel in the first half of 2026 The Daily Journal.- Venezuelan oil prices ended the first half of 2026 at an average of US$67.36 per barrel, representing a cumulative decline of US$23.11 from the peak reached in April. According to data from the Ministry of Hydrocarbons reported to the […]

U.S. delivers 20 machines to speed up debris removal after earthquakes

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- The United States delivered 20 remotely operated heavy machines to Venezuela to speed up the removal of debris left by the June 24 earthquakes, according to John Barrett, Chargé d’Affaires at the U.S. Embassy in Caracas. The United States coordinated the delivery with U.S.-based TFI Solutions. The machines will operate in hard-to-reach […]