Orinoco Oil Belt Archives - The Daily Journal

U.S. Oil Companies Form Alliance to Rehabilitate More Than 5,000 Wells in the Orinoco Belt

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

The Daily Journal. — U.S. corporations White Hilt Capital and Sunergon Oil Operating have formed a strategic alliance to support the development, production, and export of oil and gas in Venezuela’s Orinoco Oil Belt. Alejandro Terán Martínez, president of the Latin American Association of Oil Professionals of Texas (ALEP) and chief executive officer of Sunergon, […]

India’s state-owned OVL plans to resume oil operations in Venezuela despite hundreds of millions in unpaid dividends

June 17, 2026June 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — ONGC Videsh Ltd. (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corporation, is developing a strategic plan to resume its crude oil production activities in Venezuela. The company continues to move forward with the initiative even though the Venezuelan State still owes more than $900 million in overdue […]

India Raises Multi-Million-Dollar Debt Claims Against Venezuela During Delcy Rodríguez Visit

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The Government of India confirmed that discussions during Venezuelan Acting President Delcy Rodríguez’s visit to New Delhi included one central issue: outstanding debts owed to Indian companies, especially in the oil and pharmaceutical sectors, most of which accumulated before and during international sanctions on Caracas. During a press briefing, Rudrendra Tandon, […]