GE Vernova Archives - The Daily Journal

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 […]

GE Vernova plans to create more than 1,000 local jobs to restore oil industry power grid

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

The Daily Journal.— General Electric (GE) Vernova plans to create more than 1,000 local jobs as part of a strategic partnership signed Wednesday to restore and stabilize electrical infrastructure supporting Venezuela’s oil industry, a senior executive from the U.S. company announced during a ceremony at Miraflores Palace. GE Vernova Venezuela President Carlos Mousadi and Petróleos […]

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, 2026October 17, 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 […]