Oil Archives - The Daily Journal

Venezuelan authorities visit Shell to assess technologies for the energy sector

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

Company executives showcased Shell’s technological and operational capabilities in key areas to the Venezuelan delegation The Daily Journal.- A Venezuelan government delegation led by Hydrocarbons Minister Paula Henao visited multinational energy company Shell’s facilities to gain firsthand knowledge of its technological capabilities in offshore exploration, natural gas development, among other areas. Johann Álvarez Márquez, national […]

U.S. Oil tycoon sells stake in Venezuelan oil company under Trump pressure

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

The Daily Journal.- Florida oil tycoon Harry Sargeant III agreed to sell his stake in a Venezuelan oil producer after the Trump administration exerted strong pressure on him to abandon his business interests in the country. According to Bloomberg, the parties signed the deal just hours before the U.S. Treasury Department announced measures against Sargeant’s […]

ENI negotiates new contracts in Venezuela and expects to increase production at Junín 5

July 31, 2026July 31, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Italian energy company ENI is negotiating new contracts with Venezuela and Petróleos de Venezuela (Pdvsa) to align its operations with the country’s new legal framework for the oil sector. At the same time, the company expects to accelerate development of the Junín 5 project in the Orinoco Oil Belt, Reuters reported. […]

Indian refineries turn to Venezuelan oil amid Middle East crisis

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]

Who chooses and decides in Venezuela today?

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

By Héctor Sánchez The Constitution of the Bolivarian Republic of Venezuela leaves no room for doubt: sovereignty belongs exclusively and permanently to the people. That principle, which in 1999 promised a transition from representative democracy to a participatory and leading democracy, now appears to have surrendered. As sociologist and Central University of Venezuela (UCV) professor […]

Refineries overtake traders in Venezuelan oil purchases, Reuters reports

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]

Petronas Unveils New Oil Giant in Suriname

July 17, 2026July 18, 2026Valeria OlivaresLeave a Comment

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 […]

Trump Announces Blockade on Iran

July 14, 2026July 14, 2026Valeria OlivaresLeave a Comment

Julio A. López, Editor-in-Chief. — President Donald Trump announced Monday that the United States is “reinstating” a blockade on Iranian vessels transiting the Strait of Hormuz and will impose a 20% transit fee based on the value of all cargo passing through the waterway, as the conflict with Iran intensifies following the collapse of peace […]

Rules Determine Who Takes Advantage of the Opportunities

July 11, 2026July 11, 2026Valeria OlivaresLeave a Comment

Listen to the audio of the Editorial Summary here: https://clyp.it/mdkelqzu Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, and infrastructure. The legal reform opened […]

Venezuela Expands Private-Sector Space in the Oil Sector

July 10, 2026July 10, 2026Valeria OlivaresLeave a Comment

Audio summary of the news article: https://clyp.it/l3hja4yp PDF of the Regulations of the Organic Hydrocarbons Law: https://drive.google.com/file/d/1j6NvstM1su_GMrxLxW82bveTjvVBdm1X/view?usp=sharing Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, […]