The Daily Journal. — Italian energy company ENI is negotiating new contracts with Venezuela and Petróleos de Venezuela (Pdvsa) to align its operations with the country’s new legal framework for the oil sector. At the same time, the company expects to accelerate development of the Junín 5 project in the Orinoco Oil Belt, Reuters reported. […]
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EFE. — Texas has become the leading destination for Venezuelan crude oil entering the U.S. market, receiving 43% of total imports thanks to a refining infrastructure built over decades to process heavy crude grades such as those produced in Venezuela. According to S&P Global Commodity Insights data for June, Texas received 43% of the Venezuelan […]
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Reuters — Venezuela’s Paraguaná Refining Complex, in the country’s west, once symbolized the nation’s oil wealth and its ambition to transform vast crude reserves into fuels and export revenue. Today, however, the complex in Falcón state, with the capacity to process 955,000 barrels of crude per day (bpd), operates at only a fraction of its […]
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The Daily Journal — Venezuela’s Supreme Tribunal of Justice (TSJ) has ordered Halliburton Servicios de Venezuela, S.A. to resume its productive operations through a precautionary measure issued in Ruling No. 327, corresponding to Case No. 2026-006. The decision follows a request filed by the company’s legal representatives on March 24, 2026. The ruling instructs the […]
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The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]
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The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]
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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 […]
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The Daily Journal — A delegation from Venezuela’s private sector held a high-level meeting in Berlin with the German Chamber of Commerce and Industry (DIHK). The main objective was to present Venezuela’s investment portfolio and the wide range of business opportunities currently available in the country. The German-Venezuelan Chamber of Commerce (AHK Venezuela) organized and […]
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By Jimmy Seba, Founder and CEO, Global Key Inc. Audio: https://clyp.it/5yici2ca The Daily Journal – I have maintained direct relationships in Venezuela and across the US-LATAM corridor throughout the period when most of the world looked away. What I see today is not a new story. It is the result of twenty years of conditions converging […]
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The Daily Journal — Venezuela is preparing to host the Venezuela Energy Week international summit in October 2026, an energy-sector gathering through which the country hopes to attract up to $100 billion in investment as part of its strategy to revive the oil industry. The event will take place in Caracas from October 26 to […]
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