Hydrocarbons Archives - The Daily Journal

The Angolan experience: Attracting oil investment requires clear rules and more efficient bureaucracy

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Improving regulatory efficiency and separating the functions of the state-owned oil company from those of the regulatory agency played a decisive role in expanding investment in Angola’s hydrocarbon sector, according to Geraldine Geraldo, Commercial and Strategy Director at Corcel PLC. During the panel “Attracting Upstream Investment in a Competitive World: Global […]

Cristina Tovar: Venezuela must review its tax burden to compete for oil investment

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Venezuela needs to review the tax burden on its hydrocarbon industry to compete for international investment, according to Cristina Tovar, executive president of the Venezuelan Hydrocarbons Association (AVHI), who noted that the sector once operated under a government take of as much as 93%. “We came from a flat 93% government […]

Colombia considers importing gas from Venezuela to ease shortage amid El Niño

September 26, 2026September 26, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The Colombian government is evaluating several alternatives to offset the natural gas supply deficit in its domestic market amid the effects of the El Niño climate phenomenon, including importing gas from Venezuela, Minister of Mines and Energy María Nohemí Arboleda said. Speaking at a forum organized by the National Association of […]

Continental Resources and PDVSA agree to develop Ayacucho 2 block with potential 30 billion barrels

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- U.S. oil company Continental Resources signed a memorandum of understanding (MOU) with Venezuelan state-owned oil company PDVSA to develop and operate the Ayacucho 2 block in the Orinoco Oil Belt. PDVSA Executive Vice President Jovanny Martínez and Continental Resources founder Harold Hamm signed the agreement in Houston during the G20 Energy Ministers’ […]

Oil under secrecy: U.S. deal raises questions about parliamentary oversight

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

The reform of the Organic Hydrocarbons Law reduced the National Assembly’s role in approving oil deals. At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished. Legal scholar Mariana Campos warns that parliamentary oversight has not disappeared; it must be exercised over implementation. Neirlay Andrade The […]

Venezuela and Suriname sign nine cooperation agreements in strategic sectors

September 12, 2026September 12, 2026Tatiana Da GamaLeave a Comment

The agreements cover fisheries and aquaculture, agri-food, civil aviation, tourism, hydrocarbons, higher education and specialized training The Daily Journal.- Venezuela and Suriname signed nine cooperation agreements and a joint declaration aimed at deepening bilateral relations, with commitments covering strategic sectors such as fisheries and aquaculture, agri-food, civil aviation, tourism and hydrocarbons. The two countries signed […]

Civil Society Organizations demand environmental safeguards in new oil agreements with the U.S.

September 11, 2026September 11, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuelan organizations Clima21 and the Venezuelan Program for Education-Action in Human Rights (Provea) called on the government to establish environmental and human rights safeguards as it implements new oil agreements and licenses granted to U.S. companies. In a joint statement, the organizations expressed concern over the lack of public information about the […]

Half of Venezuelans believe the oil deal will benefit the U.S. more than Venezuela

September 11, 2026September 11, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Half of Venezuelans believe the recent oil agreement with Washington will benefit the United States more than Venezuela, according to the latest public opinion survey conducted by AtlasIntel in partnership with Bloomberg (Latam Pulse, August 2026). The study assessed citizens’ perceptions of the bilateral agreement announced by President Donald Trump involving […]

New Colombian ambassador proposes buying Venezuelan gas and returning part of it as electricity

September 10, 2026September 10, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Colombia’s new ambassador to Venezuela, Jorge Jaller, proposed that Colombia purchase Venezuelan natural gas to generate electricity and return part of the power to its neighboring country as part of a broader strategy to promote economic integration between the two nations. Jaller outlined the proposal in an interview with El Colombiano, where […]

Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

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

The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]