The Daily Journal.- Venezuela’s oil production has surpassed 1.23 million barrels per day (bpd), reaching its highest level since February 2019, acting President Delcy Rodríguez reported. “Amid the emergency, our oil production did not stop. Today, it exceeds 1.23 million barrels per day, its highest level since February 2019,” Rodríguez said in an address to […]
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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 […]
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The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]
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By Julio A. López, Editor-in-Chief — In an exclusive interview with The Daily Journal, Dr. Evanán Romero, Venezuela’s former deputy minister of Energy and Mines and a key figure in the country’s oil-sector opening during the 1990s, explained why the natural gas partnership between Venezuela and Trinidad and Tobago could become the region’s most profitable—and […]
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Julio A. López, Editor-in-Chief .— Liquefied natural gas (LNG) — pipeline gas cooled to -162°C to enable transportation aboard specialized LNG carriers — has become the most sensitive gauge of the global energy crisis. Only three regions produce LNG at industrial scale: the United States, Qatar, and Australia. That concentration explains why any disruption in […]
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The Daily Journal. — Energy company Shell has launched the bidding process to hire drilling services for the Dragon gas field project in eastern Venezuela. Sources familiar with the process told Reuters that the plan calls for drilling four wells in the area beginning in the second quarter of 2027. The sources said Shell expects […]
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The Daily Journal — A delegation from Venezuela’s private sector held a high-level meeting in Berlin with the German Chamber of Commerce and Industry (DIHK). The main objective was to present Venezuela’s investment portfolio and the wide range of business opportunities currently available in the country. The German-Venezuelan Chamber of Commerce (AHK Venezuela) organized and […]
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