Economy Archives - Page 5 of 28

Halliburton signs agreements with Eneva and WESCA to evaluate new oil and gas projects in Venezuela

September 22, 2026September 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Halliburton signed memorandums of understanding with Brazil’s Eneva and WESCA to evaluate oil and gas development opportunities in Venezuela as international companies seek to position themselves in the country’s energy sector. The agreements cover asset evaluation, development planning, and subsurface analysis. However, the companies have not announced any investments, committed capital amounts, […]

Internet in Venezuela 2026: how much does it cost to get online and how can you pay less?

September 22, 2026September 22, 2026Tatiana Da GamaLeave a Comment

Fiber-optic internet starts at $25 per month—a comparison of providers, installation costs, and tips to save money. The Daily Journal.— Public services in Venezuela suffer from failures that turn citizens’ daily lives into a constant struggle for well-being. From essential services such as electricity and water to those that, although not traditionally considered necessities, have […]

Ali Moshiri denies Bloomberg report on deal to operate Venezuelan oil field

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

Julio A. López, Editor-in-Chief. Veteran oil executive Ali Moshiri said he has not signed any memorandum of understanding (MOU) with the Venezuelan government. “The information published by Bloomberg is incorrect,” Moshiri told this publication. The clarification comes just hours after Bloomberg published a report claiming that Moshiri’s team in Caracas had already signed a memorandum […]

Venezuela nears deal to move its gold reserves to New York, Financial Times reports

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

The agreement would give Delcy Rodríguez’s government legal control over some 31 metric tons of Central Bank gold, although it could not immediately sell the bullion. The proposal would allow the government to use the reserves as collateral for loans, including financing for reconstruction following the June earthquakes. The Daily Journal.- The interim administration of […]

Reopening La Guaira’s beaches: the Chamber of Commerce’s plea

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

Vanessa Davies The June 24 earthquakes were followed by the closure of La Guaira’s beaches. The state’s governor, José Alejandro Terán, explained that conditions did not allow recreational activities to resume while rescue workers continued searching for victims and heavy machinery worked around damaged buildings. But there is another side to the story: beach workers […]

OFAC extends Citgo protection from creditors through November

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) extended through November 5 the protection that prevents holders of Petróleos de Venezuela (PDVSA) 2020 bonds from seizing, without specific authorization, the Citgo shares that serve as collateral for the debt. OFAC adopted the measure through General License 5Z, which it issued […]

Heeney Capital secures 30-year rights to operate and export gold from El Callao mine

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- U.S. investment firm Heeney Capital secured rights to develop and operate the Chocó mine in El Callao, Bolívar state, and export its gold under a 30-year agreement with the Venezuelan government and the Venezuelan Mining Corporation (CVM). The project calls for an initial investment of up to $1 billion. Venezuela’s Minister of […]

Continental Resources and PDVSA agree to develop Ayacucho 2 block with potential 30 billion barrels

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- U.S. oil company Continental Resources signed a memorandum of understanding (MOU) with Venezuelan state-owned oil company PDVSA to develop and operate the Ayacucho 2 block in the Orinoco Oil Belt. PDVSA Executive Vice President Jovanny Martínez and Continental Resources founder Harold Hamm signed the agreement in Houston during the G20 Energy Ministers’ […]

KEO Energy: History Validates the Oil Industry

September 16, 2026September 18, 2026Valeria OlivaresLeave a Comment

— Oil investments carry risks, just like any other investment. However, when a field has produced oil continuously for more than a century and accumulated nearly 950 million barrels of historical production, the past becomes more than history: it becomes a powerful tool for assessing the economic viability of future operations. That is one of […]

BCV raises minimum bank deposit rates

September 15, 2026September 15, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- The Central Bank of Venezuela (BCV) will raise the minimum interest rates that banks must pay on deposits starting Sept. 15, in a move aimed at making savings in bolivars more attractive and strengthening monetary policy transmission. Under the new rules, all bank deposits will earn interest, including funds held in checking […]