Petropiar Archives - The Daily Journal

Chevron plans to raise oil production in Venezuela to 420,000 bpd by 2028

August 22, 2026August 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — U.S. energy giant Chevron plans to increase its crude oil output in Venezuela by 50% by the end of 2028, targeting production of 420,000 barrels per day (bpd), the company’s Chief Financial Officer Eimear Bonner said during a recent earnings call. The company’s financial results show a sustained recovery in its […]

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 […]