energy infrastructure Archives

NABEP deploys 11 new workover rigs and adds two drilling rigs in Venezuela

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

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 […]

PDVSA aims to raise oil production to 1.5 million barrels per day in 2027

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

The Daily Journal. — Petróleos de Venezuela S.A. (PDVSA) aims to increase production to 1.3 million barrels per day this year and 1.5 million in 2027, supported by the entry of private operators, the reactivation of drilling rigs and the adoption of new technologies, the company’s Executive Vice President Jovanny Martínez said. The target is […]

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 […]

GE Vernova plans to add one gigawatt of new power capacity within two years

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

CARACAS — GE Vernova expects to bring one gigawatt of new, reliable power generation capacity online in Venezuela within the first 24 months of implementing its agreement to modernize and expand the country’s energy infrastructure, according to a fact sheet released Friday by the U.S. Embassy. The projection is part of a broader plan to […]

Recovery of Venezuela’s oil industry will require at least US$100 billion and a decade of work

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

The Daily Journal.- Rebuilding Venezuela’s energy infrastructure, which has suffered severe damage from corrosion and years of accumulated deterioration, will require multibillion-dollar investments that industry estimates place between US$100 billion and US$220 billion. Economist Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute for Public Policy, estimates that the minimum […]

U.S. technical team conducts assessment of Guri Dam

August 7, 2026August 7, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – Technicians from the U.S. Department of Energy and the Pacific Northwest National Laboratory (PNNL) assessed the Guri Dam, Venezuela’s main source of electricity generation, which supplies more than 60% of the country’s power. The assessment falls under the U.S. Department of State’s Power Sector Program. It represents part of the three-phase […]

Venezuela has the gas, but it still needs to build the market

July 9, 2026July 9, 2026Tatiana Da GamaLeave a Comment

By Julio A. López, Editor-in-Chief — Venezuela’s map of gas transportation projects reveals far more than a network of pipelines. It illustrates the scale of the challenge the country faces in transforming its vast natural gas resources into an efficient supply for households, industries, power plants, petrochemical complexes, and eventually, export markets. The first conclusion […]