After securing the license for the Loran project, Upstream head Erik Keskula said the company is looking for opportunities “across all sectors” The Daily Journal.- Qatar-based producer UCC Oil and Gas Holding confirmed that it is holding talks over a potential entry into new oil and gas fields in Venezuela as it seeks to expand […]
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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 […]
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The Daily Journal – Trinidad and Tobago Prime Minister Kamla Persad-Bissessar expressed personal affection for Venezuela’s acting President Delcy Rodríguez and said she is willing to meet with her, signaling an apparent shift toward easing bilateral tensions. When asked whether she had a message for Rodríguez, Persad-Bissessar said: “I love her. I look forward to […]
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A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]
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CARACAS — Venezuela’s acting president, Delcy Rodríguez, said Saturday night that the energy agreement with the United States calls for the development of 17 strategic oil fields and aims to reach production of more than 1.5 million barrels per day over its 25-year term. In a statement shared on social media, Rodríguez provided new financial […]
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The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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Company executives showcased Shell’s technological and operational capabilities in key areas to the Venezuelan delegation The Daily Journal.- A Venezuelan government delegation led by Hydrocarbons Minister Paula Henao visited multinational energy company Shell’s facilities to gain firsthand knowledge of its technological capabilities in offshore exploration, natural gas development, among other areas. Johann Álvarez Márquez, national […]
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Austrian company SBO received an order to deploy its precision technology in Venezuela The Daily Journal.- Venezuela has returned to the business radar of oil equipment supplier SBO after the company received an order to deploy its precision technology in the South American country. According to Klaus Mader, CEO of the Austrian company, the Venezuelan […]
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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 […]
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The Daily Journal — Chevron expects to increase its oil production in Venezuela by 15% over the next 18 to 24 months as the Trump administration seeks to expand investment by U.S. energy companies in the country. Chevron’s joint ventures in Venezuela currently produce about 280,000 barrels per day, Chief Financial Officer Eimear Bonner said. […]
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