The Daily Journal – North American Blue Energy Partners (NABEP) announced the opening of a registration process for Venezuelan professionals, technicians, and suppliers, aiming to incorporate them into its operations in western Venezuela. The company announced this during the 2026 Energy, Oil and Gas Conference (CEPEG 2026), held at the Tibisay Hotel on the shores […]
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The Daily Journal – Petróleos de Venezuela (PDVSA) has set a target of ending 2026 with national oil production of 1.3 million barrels per day (bpd), up from its currently reported 1.24 million bpd, according to an announcement by the state-owned company’s president, Héctor Obregón Pérez, during the Energy, Oil and Gas Conference (CEPEG 2026) […]
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The Daily Journal.- North American Blue Energy Partners (NABEP) has begun deploying 11 new oil well maintenance rigs (workover rigs) in Venezuela, along with two 1,500-horsepower drilling rigs that arrived in the country on October 7, the company announced in a statement. According to NABEP, this marks the first time in more than 15 years […]
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The Daily Journal.- The Merey component of the Organization of the Petroleum Exporting Countries (OPEC) Reference Basket averaged $93.75 per barrel in September, an increase of $16.93 from August, according to the organization’s monthly report. The change represents a monthly increase of approximately 22% in the price of this Venezuelan crude oil, which posted a […]
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Venezuela ranked among India’s leading oil suppliers in August, as the country imported an average of 4.5 million barrels per day. The Daily Journal.- Venezuelan oil accounted for 9% of India’s crude imports in August, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. The oil-producing group […]
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Regional consumption increased by 170,000 barrels per day year over year in July, with both countries accounting for more than half of the growth, according to OPEC’s monthly report released Tuesday. The Daily Journal.- Brazil and Venezuela accounted for more than half of the year-over-year growth in Latin America’s oil demand in July, as regional […]
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The Daily Journal.- Venezuela increased its oil production to 1.15 million barrels per day in September, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. OPEC data show steady growth over the past three months. Production rose from 1.125 million barrels per day in July to 1.133 […]
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The Daily Journal.- Heavy crude and other grades of oil have accumulated across the Americas in recent weeks as historically high maritime freight rates have hindered exports to Asia and Europe. This market paradox has left Asian and European buyers scrambling to secure supplies, with Brent crude prices exceeding $100 per barrel. Consumers in Asia […]
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The French oil company holds a stake in the Urdaneta Oeste field in Lake Maracaibo and continues its well rehabilitation program. Julio A. López, Editor-in-Chief.- French oil company Maurel & Prom (M&P) maintains its presence in Venezuela’s oil sector through its 40% stake in Petroregional del Lago. This joint venture operates the Urdaneta Oeste field […]
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The state-owned oil company took advantage of eased U.S. sanctions to add heavy Merey crude to its refining mix The Daily Journal.- In a strategic move to secure energy supplies and reduce costs, state-owned Indian Oil Corporation (IOC) has advanced an industrial modernization plan aimed at increasing the complex’s capacity to 18 million metric tons […]
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