Petronas Unveils New Oil Giant in Suriname

 Audio: https://clyp.it/ne1oh5te Julio A. López, Editor-in-Chief — Petronas, through its subsidiary Petronas Suriname E&P B.V., announced two new hydrocarbon discoveries and a successful appraisal well in Block 52, offshore Suriname, bringing its total number of successful wells in the country to eight and surpassing 1 billion barrels of oil equivalent in recoverable resources. Three Wells, Three […]

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Pentagon Intelligence Changes Plans for Venezuela

Listen to the editorial audio here: https://clyp.it/02cbhnwd Julio A. López, Editor-in-Chief .— Venezuela has for years ranked among the permanent strategic priorities of the U.S. intelligence community. For the National Security Agency, this means continuous, multidimensional monitoring of the country that goes far beyond ad hoc responses to political or humanitarian crises. The objective of this […]

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Venezuela has the gas, but it still needs to build the market

By Julio A. López, Editor-in-Chief — Venezuela’s map of gas transportation projects reveals far more than a network of pipelines. It illustrates the scale of the challenge the country faces in transforming its vast natural gas resources into an efficient supply for households, industries, power plants, petrochemical complexes, and eventually, export markets. The first conclusion […]

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Oil companies mobilize equipment to Venezuela’s disaster zone

Julio A. López, Editor-in-Chief.— Several companies in the energy sector have begun moving heavy equipment and specialized personnel into the areas devastated by the earthquakes that struck Venezuela, joining the search, rescue, and recovery effort. The Daily Journal has obtained internal emails ordering an immediate review of equipment availability, the reactivation of existing contracts, and […]

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Editorial | Venezuela’s Economic Recovery Begins with a Signature

It’s Time for Oil Contracts. Listen to the Editorial audio here: https://clyp.it/1mybbqxi Julio A. López, Editor-in-Chief.— For years, Venezuela discussed sanctions, licenses, restrictions, international litigation, and political disputes. However, for major international oil companies, a much simpler and more practical question exists: What will the rules of the game be? The recent hiring of the […]

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