Orinoco Belt Archives - The Daily Journal

Venezuela could reach 2.58 million barrels of crude oil per day by 2035, Rystad says

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

Julio A. López.— Venezuela could increase its oil production to approximately 2.58 million barrels per day (b/d) by 2035 under a growth scenario that combines the recovery of existing fields with the development of new projects in the Orinoco Belt, according to a new projection by Rystad Energy. The energy intelligence firm estimates a trajectory […]

Oil activity in Zulia begins to pick up, with production reaching 360,000 barrels per day

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

The Venezuelan Petroleum Chamber confirmed increased activity among companies and equipment in the sector The Daily Journal.- The Venezuelan Petroleum Chamber (CPV) confirmed Thursday that oil activity in Zulia state has begun to pick up, with companies increasing operations and production reaching between 350,000 and 360,000 barrels per day. Roy Biagioni, president of the CPV’s […]

Coinbase co-founder negotiates control of oil fields in Venezuela

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – Coinbase co-founder Fred Ehrsam is negotiating to gain control of at least three oil fields in Venezuela, according to sources familiar with the talks. Alvorada Heavy Industries Ltda currently operates the fields — Boca, Guico and Guara, located in the Orinoco Belt — while U.S. authorities review the company’s contracts and […]

BP to develop gas in the Deltana Platform after Chevron scales back

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

Julio A. López, Editor-in-Chief.— Venezuela’s offshore gas map is being redrawn. Chevron transferred its licenses in Blocks 2 and 3 of the Deltana Platform — home to the Loran and Macuira gas fields — to Pdvsa in exchange for strengthening its position in the Orinoco Belt’s heavy crude sector. Weeks later, BP moved into that […]

Venezuela and the African Energy Chamber deepen hydrocarbon cooperation

August 7, 2026August 7, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The Venezuelan government held a strategic working session in Caracas with representatives of the African Energy Chamber (AEC) to explore joint investment opportunities and strengthen the country’s oil and natural gas industry. Acting President Delcy Rodríguez led the meeting alongside Minister of Hydrocarbons Paula Henao and PDVSA President Héctor Obregón. NJ […]

Venezuela and Trinidad: The gas play no one sees

August 4, 2026August 4, 2026Tatiana Da GamaLeave a Comment

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 […]