Memorandum of Understanding Archives

PDVSA and Repsol sign a memorandum of understanding to boost oil and gas production following an OFAC license

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

The Daily Journal — Petróleos de Venezuela S.A. (Pdvsa) and Spanish energy corporation Repsol signed a new Memorandum of Understanding on oil and gas cooperation this Tuesday at Miraflores Palace in Caracas. According to official information, the agreement seeks to drive a large-scale revival of Venezuela’s hydrocarbon industry. Officials finalized the deal during a high-level […]

SLB and PDVSA sign agreement to modernize Venezuela’s Oil Industry

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

The Daily Journal — U.S. oilfield services giant SLB (formerly Schlumberger) announced on Wednesday the signing of a long-term framework agreement with state-owned Petróleos de Venezuela, S.A. (PDVSA). The agreement aims to establish the strategic foundations for the revitalization, technological modernization, and operational optimization of Venezuela’s hydrocarbon industry. Through a memorandum of understanding, the two […]