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 […]
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Julio A. López, Editor-in-Chief.— We obtained information from a spokesperson for Denarius Holding Group, a United States-registered company preparing to begin oil production operations in eastern Venezuela. During the conversation, we learned key details about the company’s plans, projects, and preparations to begin operations in the country. How much will Denarius invest in Venezuela? Through […]
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The Daily Journal. — The United States updated on Monday the licensing framework governing certain commercial and investment activities related to Venezuela’s oil, gas, petrochemical, and electricity sectors through General Licenses 46E, 48D and 49B issued by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The new provisions replace previous versions of those […]
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The Daily Journal.- Former political prisoner and former mayor of the Simón Rodríguez municipality in Anzoátegui state, Ernesto Paraqueima, proposed that royalties from oil production in Venezuela should remain in producing states and advocated for greater decentralization of resources as part of a proposal aimed at moving toward a federal model. “Royalties from oil production […]
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The Daily Journal.- Venezuelan oil exports to the United States averaged 451,000 barrels per day through the week ending September 18, marking a 228% increase compared with the same period in 2025. According to preliminary data from the U.S. Energy Information Administration (EIA), Venezuela exported an estimated 117 million barrels of crude oil to the […]
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The acting president defended energy security before the UN and questioned “forced decarbonization timelines” over their impact on production, employment, and prices. The Daily Journal.- Venezuela’s acting president, Delcy Rodríguez, told the 81st United Nations General Assembly on Wednesday that international stability depends on resolving the so-called “energy trilemma” and highlighted the recent bilateral agreement […]
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The Daily Journal. — U.S. President Donald Trump defended the January military operation against Nicolás Maduro on Tuesday during the 81st session of the United Nations General Assembly and celebrated the recent energy agreement with Caracas, declaring before the international body that “to the victor belong the spoils.” During his address at the UN headquarters, […]
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The Daily Journal.— Halliburton signed memorandums of understanding with Brazil’s Eneva and WESCA to evaluate oil and gas development opportunities in Venezuela as international companies seek to position themselves in the country’s energy sector. The agreements cover asset evaluation, development planning, and subsurface analysis. However, the companies have not announced any investments, committed capital amounts, […]
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Julio A. López, Editor-in-Chief. Veteran oil executive Ali Moshiri said he has not signed any memorandum of understanding (MOU) with the Venezuelan government. “The information published by Bloomberg is incorrect,” Moshiri told this publication. The clarification comes just hours after Bloomberg published a report claiming that Moshiri’s team in Caracas had already signed a memorandum […]
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The Daily Journal.- U.S. oil company Continental Resources signed a memorandum of understanding (MOU) with Venezuelan state-owned oil company PDVSA to develop and operate the Ayacucho 2 block in the Orinoco Oil Belt. PDVSA Executive Vice President Jovanny Martínez and Continental Resources founder Harold Hamm signed the agreement in Houston during the G20 Energy Ministers’ […]
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