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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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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The Daily Journal — Venezuela’s Acting President, Delcy Rodríguez, held a high-level meeting at Miraflores Palace with a delegation from the multinational corporation Trafigura, led by its Chief Executive Officer, Richard Holtum. According to official information, the meeting brought together Hydrocarbons Minister Paula Henao, Economy and Finance Minister Anabel Pereira Fernández, and PDVSA President Héctor […]
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The Daily Journal — The Venezuelan government signed an agreement with energy giant Shell plc to increase light crude oil production in northern Monagas State, providing a key input for processing heavy crude from the Orinoco Oil Belt. Acting President Delcy Rodríguez led the signing ceremony with Shell representatives, formally launching Phase I of the […]
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The Daily Journal — State-owned oil company Petróleos de Venezuela S.A. (PDVSA) announced on Thursday that its officials and representatives from Shell plc inspected a major gas reception and distribution complex in eastern Venezuela to assess infrastructure improvements and production expansion efforts. According to a statement PDVSA shared on Telegram, PDVSA President Héctor Obregón and […]
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The Daily Journal — The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, praised the strategic partnership between the Venezuelan state-owned oil company and Schlumberger Limited following the signing of a memorandum of understanding. Speaking from Miraflores Palace during an event led by Acting President Delcy Rodríguez, Obregón said the agreement comes “at the […]
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The Daily Journal.— Venezuela’s Ministry of Transportation recently announced the resumption of commercial operations by Consolidada de Ferrys (Conferry) on its traditional route between Puerto La Cruz, Anzoátegui State, and Margarita Island, Nueva Esparta State. The company plans to restart services on Friday, June 26, 2026. In a press release, the ministry explained that ticket […]
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