Rules Determine Who Takes Advantage of the Opportunities

Listen to the audio of the Editorial Summary here: https://clyp.it/mdkelqzu Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, and infrastructure. The legal reform opened […]

Continue Reading

Venezuela Expands Private-Sector Space in the Oil Sector

Audio summary of the news article: https://clyp.it/l3hja4yp PDF of the Regulations of the Organic Hydrocarbons Law: https://drive.google.com/file/d/1j6NvstM1su_GMrxLxW82bveTjvVBdm1X/view?usp=sharing Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, […]

Continue Reading

Death Toll from Venezuela Earthquakes Increases to 1,450 During Rescue Phase

The Daily Journal.— On Sunday, Venezuelan authorities raised the death toll to 1,450 following the twin earthquakes that shook the north-central region of the country on June 24. Meanwhile, thousands of national and international rescue workers continue a race against time to locate survivors beneath the rubble. According to the official report, the number of […]

Continue Reading

Southern Command Moves Argentine Rescuers Toward Affected Areas

Audio: https://clyp.it/z5motevg Julio A. López, Editor-in-Chief.— U.S. Southern Command (SOUTHCOM) reported that Marine Corps MV-22 Osprey aircraft transported an Argentine urban search and rescue team (USAR) this Saturday to the areas most affected by the earthquakes that struck Venezuela on June 24. According to information released by SOUTHCOM, the operation is part of the humanitarian response […]

Continue Reading

U.S. Strengthens Humanitarian Aid to Venezuela from the Sea

Audio: https://clyp.it/41wj0y45 Julio A. López, Editor-in-Chief.—U.S. Southern Command (SOUTHCOM) reported that the littoral combat ship USS Billings (LCS-15) actively participates in international support operations for Venezuela following the devastating earthquakes of June 24. The ship operates in the Caribbean Sea as part of the humanitarian effort coordinated by the U.S. Government and serves as a platform […]

Continue Reading

UNDP Estimates Earthquake Damage in Venezuela at $6.7 Billion, equivalent to 6% of GDP

The United Nations Development Programme (UNDP) estimated that the two earthquakes recorded on June 24 in north-central Venezuela caused approximately $6.7 billion in direct material damage—an amount equivalent to nearly 6% of the country’s Gross Domestic Product (GDP)—according to a preliminary technical report based on satellite imagery. The evaluation was developed using the Rapid Digital […]

Continue Reading

Death toll from Venezuela earthquakes rises to 1,430

The Daily Journal.— On Saturday, Venezuelan authorities raised the death toll to 1,430 and the number of injured to 3,238 following the two earthquakes registered on June 24. Meanwhile, search and rescue operations continue amidst hundreds of aftershocks and a growing mobilization of international aid. The President of the National Assembly, Jorge Rodríguez, noted that […]

Continue Reading

Google Alerted Millions Before the Earthquakes in Venezuela

Julio A. López, Editor in Chief.- Millions of Venezuelans received earthquake warnings on their Android phones seconds before two powerful earthquakes struck north-central Venezuela, in one of Google’s strongest demonstrations yet of its global earthquake early warning system. Although Venezuela does not have a national earthquake early warning network, the Android Earthquake Alerts system detected […]

Continue Reading

Earthquake death toll rises to 920, Jorge Rodríguez reports

The Daily Journal. —The President of the National Assembly, Jorge Rodríguez, updated the official damage assessment left by the powerful earthquakes recorded on June 24, reporting 920 fatalities, 3,360 injured or affected people, and more than 4,000 displaced. La Guaira state accounts for the highest amount of material damage, with a record of 383 residential […]

Continue Reading

Opinion: Oil Production

Roger J. Rivero, Industrial Engineer. Audio: https://clyp.it/klcwekmn Let’s talk about the phases and processes of Oil Production, which we will break down below. Now, let’s describe the stages, which are as follows:1. Upstream (Exploration-Production)2. Midstream (Transportation-Storage)3. Downstream (Refining-Marketing) 1) Upstream (Field Exploration/Production)The most human, the most criticized, and the most dangerous stage. In past decades, the […]

Continue Reading