PDVSA Archives - The Daily Journal

Chevron Warns Venezuela Must Cut Taxes and Royalties to Attract New Oil Capital

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

The Daily Journal. — Chevron Corporation CEO Mike Wirth warned that Venezuela needs to urgently reduce corporate taxes and oil production royalties if the country wants to attract fresh investment capital next year. During an interview with Bloomberg TV, Wirth explained that current fiscal conditions severely limit international operators’ profit margins and weaken Venezuela’s competitiveness […]

Venezuelan Minister of Hydrocarbons Evaluated Project Portfolio with Private Investors in Texas

May 24, 2026May 30, 2026NerlayLeave a Comment

The Daily Journal.- A high-level official delegation traveled to the state of Texas, United States, with the aim of consolidating strategic alliances oriented toward reactivating the national oil industry. Venezuela’s Minister of Hydrocarbons, Paula Henao, and the Vice President for Exploration and Production of Petróleos de Venezuela (PDVSA), Yovanny Martínez, participated in the Venezuela Exploration […]

Manuel Sutherland: “A Lengthy Audit and Exhaustive Investigation of Venezuela’s Debt, Every Bond, Paper, and Ticket, Is Necessary if Payment Is to Be Made”

May 22, 2026May 30, 2026NerlayLeave a Comment

Yahvé Álvarez.- “A lengthy audit and an exhaustive investigation of Venezuela’s debt, of every bond, paper, and ticket, would be necessary in the event of repayment, and that would require at least eight or nine months, which would be ideal to thoroughly examine the debt without harming honest investors while also avoiding excessive payments that […]