joint ventures Archives - The Daily Journal

U.S. Authorizes Conatel and Cantv to Negotiate Contracts for New Investments

August 22, 2026August 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) authorized on August 21, 2026, the negotiation and execution of contingent contracts aimed at bringing new investment into Venezuela’s telecommunications sector. The measure explicitly allows Venezuelan state entities, particularly the National Telecommunications Commission (CONATEL) and Compañía Anónima Nacional Teléfonos de […]

Chevron plans to raise oil production in Venezuela to 420,000 bpd by 2028

August 22, 2026August 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — U.S. energy giant Chevron plans to increase its crude oil output in Venezuela by 50% by the end of 2028, targeting production of 420,000 barrels per day (bpd), the company’s Chief Financial Officer Eimear Bonner said during a recent earnings call. The company’s financial results show a sustained recovery in its […]

Trump praises Chevron’s return to Venezuela and predicts major profits

August 5, 2026August 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. President Donald Trump praised Chevron’s return to Venezuela and said the American oil company now operates in the country “much bigger and stronger than ever,” with expectations of generating substantial profits. He credited his administration’s policies for the company’s performance. “They threw Mike and Chevron out of Venezuela, but now […]

New Stratus Energy negotiates five oil projects in Venezuela

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

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) […]