Lake Maracaibo Archives - The Daily Journal

NABEP deploys 11 new workover rigs and adds two drilling rigs in Venezuela

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

The Daily Journal.- North American Blue Energy Partners (NABEP) has begun deploying 11 new oil well maintenance rigs (workover rigs) in Venezuela, along with two 1,500-horsepower drilling rigs that arrived in the country on October 7, the company announced in a statement. According to NABEP, this marks the first time in more than 15 years […]

Maurel & Prom produces more than 8,300 barrels per day in Venezuela

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The French oil company holds a stake in the Urdaneta Oeste field in Lake Maracaibo and continues its well rehabilitation program. Julio A. López, Editor-in-Chief.- French oil company Maurel & Prom (M&P) maintains its presence in Venezuela’s oil sector through its 40% stake in Petroregional del Lago. This joint venture operates the Urdaneta Oeste field […]

Repsol maintains gas production in Venezuela at 580 million cubic feet per day

October 2, 2026October 2, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Spanish energy company Repsol continues to produce around 580 million cubic feet of natural gas per day from the Cardón IV field, which it operates alongside Italy’s Eni in Venezuela, a company source said Wednesday during the Venezuela International Oil and Gas Summit. Production has remained unchanged since March, when the government […]

Big oil returns as environmentalists demand cleanup of environmental liabilities

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

The Daily Journal. — The international oil industry is once again turning its attention to Venezuela, with an agenda focused on new investment opportunities, particularly in the natural gas sector, as environmental commitments and the cleanup of longstanding environmental liabilities emerge as major challenges for the energy industry. Some 650 delegates from 30 countries are […]

Venezuela could reach 2.58 million barrels of crude oil per day by 2035, Rystad says

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

Julio A. López.— Venezuela could increase its oil production to approximately 2.58 million barrels per day (b/d) by 2035 under a growth scenario that combines the recovery of existing fields with the development of new projects in the Orinoco Belt, according to a new projection by Rystad Energy. The energy intelligence firm estimates a trajectory […]

Oil activity in Zulia begins to pick up, with production reaching 360,000 barrels per day

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

The Venezuelan Petroleum Chamber confirmed increased activity among companies and equipment in the sector The Daily Journal.- The Venezuelan Petroleum Chamber (CPV) confirmed Thursday that oil activity in Zulia state has begun to pick up, with companies increasing operations and production reaching between 350,000 and 360,000 barrels per day. Roy Biagioni, president of the CPV’s […]