The Daily Journal.- In mid-May, Canadian mining company Gold Reserve Ltd. announced the signing of a binding preliminary agreement with Augusta Capital Corporation to transfer a 50% stake in the rights and interests it holds in the Siembra Minera gold and strategic minerals project, located in Bolívar state, southern Venezuela. The strategic move coincides with […]
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Audio : https://clyp.it/4fqav54m Julio A. López, Editor-in-Chief — The expansion of ExxonMobil and Occidental Petroleum (OXY) into the ultra-deepwater Ultra Deep 1 block, located offshore from Trinidad and Tobago and geologically connected to the prolific Guyana-Suriname Basin, is not merely another Caribbean oil project. For Venezuela, this move could become one of the most significant […]
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The Daily Journal.- The American newspaper The Wall Street Journal (WSJ) reported that French banker Matthieu Pigasse will lead the restructuring process of Venezuela’s external debt, estimated at around $150 billion . According to the newspaper, the Venezuelan government hired the U.S. firm Centerview Partners , where Pigasse is one of the leading figures, to […]
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The Daily Journal.- A high-level official delegation traveled to the state of Texas, United States, with the aim of consolidating strategic alliances oriented toward reactivating the national oil industry. Venezuela’s Minister of Hydrocarbons, Paula Henao, and the Vice President for Exploration and Production of Petróleos de Venezuela (PDVSA), Yovanny Martínez, participated in the Venezuela Exploration […]
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Yahvé Álvarez.- “A lengthy audit and an exhaustive investigation of Venezuela’s debt, of every bond, paper, and ticket, would be necessary in the event of repayment, and that would require at least eight or nine months, which would be ideal to thoroughly examine the debt without harming honest investors while also avoiding excessive payments that […]
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Julio A. López, Editor-in-Chief.- According to highly reliable sources linked to the U.S. Department of Energy, the American government has reportedly reached an agreement with ExxonMobil to facilitate its return to oil production activities in Venezuela. The move could become one of the most symbolic and strategic developments in the global energy industry. As discreet […]
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The Daily Journal – The Government of Venezuela and the state oil company Petróleos de Venezuela S.A. (PDVSA) have begun distributing to potential investors and energy service companies a draft regulation of the new oil law and a key model contract, according to reports published by news agencies and specialized media outlets. The new regulatory […]
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The Daily Journal. – The U.S. startup Erebor Bank, financially backed by billionaire Peter Thiel, has begun direct contacts with senior Venezuelan officials to propose restoring the country’s access to the U.S. financial system, according to a Bloomberg report. The digital bank, which obtained its operating license in the United States just three months ago, […]
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The Daily Journal.- Lawyers representing Venezuela have asked a U.S. court to suspend the sale process of Citgo Petroleum, arguing that the company’s valuation has increased significantly since the auction of its parent company, PDV Holding, was approved in late 2024 . According to Reuters, attorney Alexandra Cumings stated in a letter to Delaware […]
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The Daily Journal.- The interim president of the Central Bank of Venezuela ( BCV), Luis Pérez, described the launch of the renegotiation of the country’s external obligations as a fundamental step that brings the nation “out of the shadows” in international markets. In an exclusive interview with the Reuters news agency, Pérez explained that the […]
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