The Daily Journal — The recent reform of Venezuela’s Organic Hydrocarbons Law has sparked an intense debate about the future of the country’s primary source of income. While the government argues that the changes aim to attract investment and increase oil production, energy economists warn that the new framework significantly reduces the state’s share of […]
Continue Reading
The Daily Journal — The Venezuelan government has hired Hogan Lovells US LLP as its strategic legal advisor to help restore the country’s access to international capital markets. Authorities disclosed the appointment of the international law firm, which maintains major offices in Washington and London, through an official filing published by the Foreign Agents Registration […]
Continue Reading
The Daily Journal — In a strategic shift for the country’s energy policy, the National Assembly unanimously approved the Partial Reform Bill of the Organic Law of the Electric System and Service during its first debate on Thursday. The national executive submitted the bill, which opens the sector to private and mixed capital under a […]
Continue Reading
The Daily Journal. — Chevron Corporation CEO Mike Wirth warned that Venezuela needs to urgently reduce corporate taxes and oil production royalties if the country wants to attract fresh investment capital next year. During an interview with Bloomberg TV, Wirth explained that current fiscal conditions severely limit international operators’ profit margins and weaken Venezuela’s competitiveness […]
Continue Reading
The Daily Journal. — Venezuela recorded a coffee harvest of approximately four million quintals during the 2025–2026 cycle, interim president Delcy Rodríguez announced this weekend, attributing the result to stronger community production organizations and government support for the agricultural sector. The announcement took place during the First Meeting of the 2026 Communal Coffee Plan, held […]
Continue Reading
The Daily Journal. — The Venezuelan government has launched a new technical infrastructure to centralize and safeguard strategic information related to the country’s energy resources. Interim President Delcy Rodríguez inaugurated the Hydrocarbon Technology and Data Management Center last Friday, a complex designed to strengthen sovereignty, data processing, and governance across the national oil, gas, and […]
Continue Reading
Cardón IV Strengthens Its Position as Western Venezuela’s Energy Hub Audio: https://clyp.it/ng0wbxnh Julio A. López. — European energy companies Eni and Repsol are advancing a new plan to increase natural gas production in Venezuela, strengthening the development of the giant Perla field located in the Cardón IV block, in the waters of the Gulf of […]
Continue Reading
Julio A. López.- While Guyana continues to attract the attention of the global energy industry through giant discoveries led by ExxonMobil, Suriname is moving quickly to establish itself as the next major player in the Guyana-Suriname Basin, one of the most promising petroleum regions on the planet. Industry attention now focuses on Block 52, a […]
Continue Reading
The BCV figures are beginning to be released, but their prolonged absence has generated “suspicions” among some economists. By José Gregorio Yépez Data from the Central Bank of Venezuela (BCV) indicate that the Gross Domestic Product (GDP) of Venezuela’s public sector showed a negative performance in the first quarter of 2026, registering -0.68% . This […]
Continue Reading
The Daily Journal .- U.S. airline JetBlue formally announced its intention to establish a direct connection between the United States and Venezuela through a new route linking Fort Lauderdale-Hollywood International Airport and Simón Bolívar International Airport in Maiquetía. The announcement marks a milestone for the company, representing its first operational entry into the Venezuelan market, […]
Continue Reading