The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General License No. 50B. This measure selectively authorizes six major global energy corporations and their subsidiaries to maintain and conduct oil and gas operations in Venezuela. OFAC Director Bradley T. Smith signed the regulatory instrument, which took […]
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The Daily Journal — The Venezuelan government has signed an agreement with the Latin American energy company IMPSA to restart and complete construction of the Tocoma Hydroelectric Power Plant while advancing rehabilitation projects within the National Electric System (SEN). According to government officials, the reactivation of these civil works and engineering projects will add a […]
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The Daily Journal — The United States government has eased part of the sanctions imposed on Venezuela’s mining sector by allowing U.S. companies to trade, transport, and purchase Venezuelan minerals, including gold, under a new oversight and compliance framework established by the Treasury Department. The Office of Foreign Assets Control (OFAC) formalized the measure through […]
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The Daily Journal — General Francis L. Donovan, commander of United States Southern Command, expressed his gratitude to Venezuela’s security forces following the binational military operation that ended with the death of Héctor Rusthenford Guerrero Flores, known as “Niño Guerrero,” founder and top leader of the transnational criminal organization known as Tren de Aragua. The […]
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The Daily Journal — The United States government announced on Friday the death of Héctor Rusthenford Guerrero Flores, known as “Niño Guerrero” and identified as the founder and top leader of the transnational criminal organization Tren de Aragua, during an operation carried out in Venezuelan territory in coordination with Venezuelan security forces. U.S. President Donald […]
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The Daily Journal — The Venezuelan government confirmed on Friday that Héctor Rusthenford Guerrero Flores, known as “Niño Guerrero” and leader of the Tren de Aragua criminal organization, died during a security operation in southeastern Bolívar state. Venezuelan security forces and U.S. agencies carried out the armed operation jointly. The Ministry of Popular Power for […]
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The Daily Journal — The Venezuelan government issued an official statement, released by Foreign Minister Yván Gil, reporting the detection of a new large-scale hydrocarbon spill originating from Trinidad and Tobago. According to Venezuelan authorities, the incident exceeds previous spills in magnitude, and contaminated material has already begun moving toward Venezuelan maritime territory. In its […]
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Bloomberg — Centerview Partners remained in negotiations with Venezuela until last month over a contract worth at least $150 million for its work as the country’s exclusive financial advisor in a debt restructuring process. This figure would far exceed the fees paid in previous sovereign debt operations, according to a draft agreement reviewed by Bloomberg. […]
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The Daily Journal — U.S. oilfield services giant SLB (formerly Schlumberger) announced on Wednesday the signing of a long-term framework agreement with state-owned Petróleos de Venezuela, S.A. (PDVSA). The agreement aims to establish the strategic foundations for the revitalization, technological modernization, and operational optimization of Venezuela’s hydrocarbon industry. Through a memorandum of understanding, the two […]
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The Daily Journal — The Venezuelan government has restructured its legal defense abroad as part of its efforts to prevent the loss of one of its most valuable assets. According to Reuters, Venezuelan authorities hired the international law firm Greenberg Traurig to represent the country in its multibillion-dollar legal dispute with Canadian mining company Crystallex. […]
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