The Daily Journal — After months of disruptions caused by the conflict between the United States and Iran, India restored normal oil import levels during June. Record shipments from Russia, along with increased supplies from Angola, Iran, Venezuela, Brazil, and the United Arab Emirates, helped offset logistical bottlenecks stemming from the closure of the Strait […]
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It’s Time for Oil Contracts. Listen to the Editorial audio here: https://clyp.it/1mybbqxi Julio A. López, Editor-in-Chief.— For years, Venezuela discussed sanctions, licenses, restrictions, international litigation, and political disputes. However, for major international oil companies, a much simpler and more practical question exists: What will the rules of the game be? The recent hiring of the […]
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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 […]
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The Daily Journal — The United States has restructured its sanctions regime on Venezuela by issuing four new general licenses that expand operating opportunities for U.S. and allied companies in the country’s oil, petrochemical, natural gas, and electricity sectors under a framework of financial oversight and geopolitical restrictions. The U.S. Department of the Treasury’s Office […]
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Roger J. Rivero, Industrial Engineer. Audio: https://clyp.it/klcwekmn Let’s talk about the phases and processes of Oil Production, which we will break down below. Now, let’s describe the stages, which are as follows:1. Upstream (Exploration-Production)2. Midstream (Transportation-Storage)3. Downstream (Refining-Marketing) 1) Upstream (Field Exploration/Production)The most human, the most criticized, and the most dangerous stage. In past decades, the […]
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By Julio A. López, Editor-in-Chief Listen to the editorial audio here: https://clyp.it/rxqltryn Caracas, June 14, 2026 – Against all odds, and despite the doubts—and even the refusal—of some of the largest U.S. oil companies to invest $100 billion in Venezuela’s oil industry following President Donald Trump’s call, investment funds have moved to the front of the […]
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By Jimmy Seba, Founder and CEO, Global Key Inc. Audio: https://clyp.it/5yici2ca The Daily Journal – I have maintained direct relationships in Venezuela and across the US-LATAM corridor throughout the period when most of the world looked away. What I see today is not a new story. It is the result of twenty years of conditions converging […]
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The Daily Journal — The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, praised the strategic partnership between the Venezuelan state-owned oil company and Schlumberger Limited following the signing of a memorandum of understanding. Speaking from Miraflores Palace during an event led by Acting President Delcy Rodríguez, Obregón said the agreement comes “at the […]
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The Daily Journal — Venezuela’s oil exports have surged to 1.25 million barrels per day (bpd), marking the highest export volume the country has recorded in the past seven years. John Barrett, the U.S. diplomatic representative in Venezuela, disclosed the information in an official statement published on the U.S. Embassy’s X account in Caracas. According […]
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The Daily Journal — During her official visit to India, Venezuela’s Acting President Delcy Rodríguez toured the facilities of the Jamnagar Refinery on Friday for a technical inspection after completing a series of high-level political meetings in the Indian capital. Rodríguez’s visit to the world’s largest refining complex forms part of the Venezuelan government’s strategy […]
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