The Canadian company said it is working with U.S. partners to acquire stakes in joint ventures and develop new production agreements following the lifting of U.S. sanctions. The Daily Journal – Canadian company New Stratus Energy (NSE) announced that it is negotiating the acquisition of stakes in joint ventures with Petróleos de Venezuela S.A. (PDVSA) […]
Continue Reading
The Daily Journal. — Energy company Shell has launched the bidding process to hire drilling services for the Dragon gas field project in eastern Venezuela. Sources familiar with the process told Reuters that the plan calls for drilling four wells in the area beginning in the second quarter of 2027. The sources said Shell expects […]
Continue Reading
The Daily Journal — Venezuela’s Acting President Delcy Rodríguez said on Monday that the economic impact of the June 24 earthquakes remained “localized” and stated that the country’s main sources of revenue continue to grow, including oil production, which she said has reached 1.2 million barrels per day. Speaking at a National Economic Council meeting […]
Continue Reading
Julio A. López, Editor-in-Chief.— Several companies in the energy sector have begun moving heavy equipment and specialized personnel into the areas devastated by the earthquakes that struck Venezuela, joining the search, rescue, and recovery effort. The Daily Journal has obtained internal emails ordering an immediate review of equipment availability, the reactivation of existing contracts, and […]
Continue Reading
EFE — Venezuela’s oil sector development following the opening to foreign investment promoted by the United States will depend largely on political stability in the South American country, several economic experts told EFE on Monday after participating in a forum at the Andrés Bello Catholic University (UCAB). Economist Luis Zambrano Sequín argued that no one […]
Continue Reading
Alejandro J. Sucre — Venezuela faces one of the most complex sovereign debt restructuring processes in its history. The scale of the challenge is undeniable: years without international audits, debt instruments scattered across multiple jurisdictions, opaque bilateral debt with China and Russia, and arbitration awards issued by the International Center for Settlement of Investment Disputes […]
Continue Reading
The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, arrived at Palam Airport in New Delhi on Wednesday to begin a high-level official agenda in the Republic of India. According to the official press report, the trip aims to “strengthen ties and establish cooperation mechanisms in the economic, commercial, cultural, technological, industrial, and healthcare sectors.” […]
Continue Reading
