Chevron Archives - Page 2 of 4

Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

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

The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]

Venezuela “returns” to the U.S. and Western sphere of influence

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

The Trump administration is reversing, through forceful actions and aggressive diplomacy, what President Chávez painstakingly built, and Nicolás Maduro later sought to deepen. José Gregorio Yépez The signing of Venezuela’s oil agreements with the multinational companies that attended the meeting at Miraflores, with the approval of U.S. Energy Secretary Chris Wright, marks one of the […]

U.S. expects Venezuela to double oil production in less than five years

September 4, 2026September 4, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The Donald Trump administration expects new investments and energy agreements between the United States and Venezuela to double Venezuelan oil production in less than five years, according to a U.S. Department of Energy fact sheet released Friday by the U.S. Embassy in Caracas. The document presents agreements signed this week with companies […]

Venezuelan company Primavera Infinita signs agreement to develop Budare-Elotes block

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Venezuelan company Primavera Infinita signed a Production Participation Contract with Petróleos de Venezuela (PDVSA) on Wednesday to develop the Budare-Elotes block, located between Anzoátegui and Monagas states, as part of a new round of agreements aimed at adding new areas to the country’s oil production portfolio. The parties signed the agreement […]

China will have no rights to new Venezuelan oil production revenue, U.S. Energy Secretary says

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]

Venezuela formalizes new energy agreements during Chris Wright’s visit to Caracas

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— During U.S. Energy Secretary Chris Wright’s visit to Caracas, the Venezuelan government formalized new agreements for the hydrocarbons sector on Wednesday at a meeting with a Washington delegation at Miraflores Palace. The agreements include expanded participation by U.S.-based Chevron and Italy’s Eni in joint ventures operating in the Orinoco Oil Belt. Earlier […]

Chevron plans to invest more than $7 billion in Venezuela and double production within five years

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Chevron plans to invest more than $7 billion in Venezuela over the next five years and more than double its production in the country to approximately 600,000 barrels per day, following new agreements that improve the fiscal, commercial and legal terms governing its joint ventures. The expansion represents one of the largest […]

Trump avoids taking position on Venezuela’s potential exit from OPEC

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

The Daily Journal.— U.S. President Donald Trump on Monday avoided taking a position on Venezuela’s potential withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), saying the decision rests with Caracas despite the new energy agreement that deepens oil cooperation between the two countries. “Well, I don’t know. That’s up to them,” Trump said […]

Delcy Rodríguez projects 1.5 million barrels per day under new oil agreement with U.S.

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

CARACAS — Venezuela’s acting president, Delcy Rodríguez, said Saturday night that the energy agreement with the United States calls for the development of 17 strategic oil fields and aims to reach production of more than 1.5 million barrels per day over its 25-year term. In a statement shared on social media, Rodríguez provided new financial […]

Pentagon plans to acquire 35% stake in oil company with rights to 17 Venezuelan fields, WSJ reports

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

The Daily Journal. — The U.S. Department of War plans to acquire a 35% non-controlling stake in a private company that holds rights to develop oil fields in Venezuela, a move that would mark an unusual expansion of the U.S. government’s direct involvement in an energy project in the country, The Wall Street Journal reported […]