News Archives - The Daily Journal

Juan Barreto proposes redirecting opaque military spending toward salaries and education

October 8, 2026October 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Former Caracas Mayor Juan Barreto proposed redirecting part of Venezuela’s military spending, which he claims remains beyond public scrutiny, toward funding teachers’ salaries, retirees’ benefits, and educational programs. During his program No es Podcast Cosa, Barreto questioned the growth of what he described as “opaque” military spending and suggested allocating those resources […]

Oil workers demand collective bargaining talks and announce mobilization to Caracas

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Robert González, a leader of the United Federation of Venezuelan Oil Workers (Futpv), called on Petróleos de Venezuela (PDVSA) on Wednesday to immediately begin negotiations on the sector’s collective bargaining agreement, citing a delay of more than eight years in negotiations over labor benefits. González made the demand during a sector-wide plenary […]

Repsol maintains gas production in Venezuela at 580 million cubic feet per day

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Spanish energy company Repsol continues to produce around 580 million cubic feet of natural gas per day from the Cardón IV field, which it operates alongside Italy’s Eni in Venezuela, a company source said Wednesday during the Venezuela International Oil and Gas Summit. Production has remained unchanged since March, when the government […]

Venezuela activates power turbine in Zulia amid blackout crisis

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

EFE.- Venezuela started up a power turbine in Zulia state, the region hardest hit by blackouts, which will begin supplying electricity within the next 72 hours, government authorities said Thursday. “TZ07 has just begun its slow rotation, which will allow it to synchronize with the SEN (National Electric System) within the next 72 hours,” Public […]

Venezuelan prison observatory reports more than 60 deaths in state custody since April

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — More than 60 inmates have died in state custody at detention facilities across Venezuela since April, according to a report released Thursday by the nongovernmental organization Venezuelan Prison Observatory (OVP). The human rights organization said the most recent case involved Luis Alejandro García, 30, who died at the Juan López New […]

Qatar’s UCC negotiates entry into new oil and gas fields in Venezuela

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

After securing the license for the Loran project, Upstream head Erik Keskula said the company is looking for opportunities “across all sectors” The Daily Journal.- Qatar-based producer UCC Oil and Gas Holding confirmed that it is holding talks over a potential entry into new oil and gas fields in Venezuela as it seeks to expand […]

Oil executives warn Venezuela’s power supply is hindering expansion plans

October 1, 2026October 1, 2026Tatiana Da GamaLeave a Comment

They warned that the power system represents the biggest obstacle, with a deficit of more than 1,500 MW and prolonged blackouts The Daily Journal.- Executives from major international oil companies warned this week that Venezuela’s power supply represents the biggest obstacle to their projects, citing a deficit of more than 1,500 megawatts (MW) and blackouts […]

The Angolan experience: Attracting oil investment requires clear rules and more efficient bureaucracy

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Improving regulatory efficiency and separating the functions of the state-owned oil company from those of the regulatory agency played a decisive role in expanding investment in Angola’s hydrocarbon sector, according to Geraldine Geraldo, Commercial and Strategy Director at Corcel PLC. During the panel “Attracting Upstream Investment in a Competitive World: Global […]

Cristina Tovar: Venezuela must review its tax burden to compete for oil investment

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Venezuela needs to review the tax burden on its hydrocarbon industry to compete for international investment, according to Cristina Tovar, executive president of the Venezuelan Hydrocarbons Association (AVHI), who noted that the sector once operated under a government take of as much as 93%. “We came from a flat 93% government […]

What Venezuela’s independent labor movement is demanding

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Months have passed since the U.S. military intervention in Venezuela, yet the promise of improved living conditions for Venezuelans remains unfulfilled. The independent movement of workers, retirees, and pensioners is demanding from the interim administration the same measures it previously demanded from Nicolás Maduro: a general increase in wages and pensions […]