Houston Archives - The Daily Journal

U.S. Embassy backs agreement between PDVSA and oilfield services company SLB

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The U.S. Embassy in Venezuela expressed its support for a framework services agreement between state-owned Petróleos de Venezuela (PDVSA) and multinational company SLB (formerly known as Schlumberger), as part of efforts to modernize oil exploration and production in the South American country. PDVSA and SLB signed the agreement during the IMAGE […]

Oil equipment supplier SBO puts Venezuela back on its radar

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Austrian company SBO received an order to deploy its precision technology in Venezuela The Daily Journal.- Venezuela has returned to the business radar of oil equipment supplier SBO after the company received an order to deploy its precision technology in the South American country. According to Klaus Mader, CEO of the Austrian company, the Venezuelan […]

Hydrocarbons Minister to promote ‘Venezuela Energy Week’ in Houston

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

EFE.— Venezuelan Hydrocarbons Minister Paula Henao will attend an event with U.S. companies in Houston on Wednesday that could lead to agreements allowing independent U.S. oil companies to begin participating in crude production in the Caribbean nation, Politico reported Tuesday. Henao confirmed her participation in the Houston event, where she will promote ‘Venezuela Energy Week,’ […]

U.S. reveals it receives more than 500,000 barrels of Venezuelan oil per day

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— U.S. Deputy Secretary of Energy Kyle Haustveit revealed that the United States currently receives more than 500,000 barrels of oil per day from Venezuela, representing nearly 50% of the South American country’s total production. “In recent months, we have seen more than 500,000 barrels, roughly half of Venezuelan production, exported to the […]

Citgo’s quarterly profit soars to $936 million

August 14, 2026August 14, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Venezuelan-owned U.S. refiner Citgo Petroleum reported a net profit of $936 million in the second quarter of the year, sharply higher than the $100 million it reported during the same period a year earlier, according to Reuters. Developments in the international energy market drove the company’s stronger financial results, “amid stronger refining […]

California oil company nears deal to develop Petrodelta

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

Bloomberg — Pacific Coast Energy Co. (PCEC), a small California-based oil producer, is close to securing an agreement to develop Venezuelan oil fields as the U.S.-backed government in Caracas pushes prospective partners to sign contracts before the end of July. PCEC is one of several companies negotiating joint ventures and production-sharing agreements with Petróleos de […]