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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The Daily Journal — India formalized its strategy to deepen energy ties with Venezuela after the official meeting between Prime Minister Narendra Modi and Acting President Delcy Rodríguez. Indian authorities described the relationship between the two countries as strategic, driven by the urgent need to secure energy supplies. During a special press briefing, Shri Rudrendra […]
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The Daily Journal — Indian Prime Minister Narendra Modi welcomed Venezuelan Acting President Delcy Rodríguez with a red-carpet reception on Thursday at the iconic Hyderabad House. The high-level meeting aims to deepen bilateral trade and secure crude oil supplies for the Asian nation amid severe disruptions in global energy markets. Indian Foreign Minister Subrahmanyam Jaishankar […]
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By Julio A. López. Audio: https://clyp.it/sxc5j3do Caracas, June 4, 2026 — Chevron has sent a clear message to the international energy market: Venezuela still offers extraordinary oil potential, but new investment will depend on big changes to the fiscal framework that governs the industry. Chevron CEO Mike Wirth said in a Bloomberg interview today that the […]
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By Julio A. López. Audio: https://clyp.it/febjsi2j Caracas, June 3, 2026 — Venezuela hosts the world’s largest proven oil reserve in the Orinoco Oil Belt, with more than 300 billion certified barrels. This figure exceeds the reserves of countries that many people traditionally regard as energy giants, such as Saudi Arabia, Iran, and Canada. Located north of […]
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