Venezuelan authorities visit Shell to assess technologies for the energy sector

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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U.S. Embassy backs agreement between PDVSA and oilfield services company SLB

The Daily Journal – The U.S. Embassy in Venezuela expressed its support for a framework services agreement between state-owned Petróleos de Venezuela (PDVSA) and multinational company SLB (formerly known as Schlumberger), as part of efforts to modernize oil exploration and production in the South American country. PDVSA and SLB signed the agreement during the IMAGE […]

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Oil equipment supplier SBO puts Venezuela back on its radar

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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Delcy Rodríguez signs new oil regulations to speed up investment in Venezuela

The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]

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SLB and PDVSA sign agreement to modernize Venezuela’s Oil Industry

The Daily Journal — U.S. oilfield services giant SLB (formerly Schlumberger) announced on Wednesday the signing of a long-term framework agreement with state-owned Petróleos de Venezuela, S.A. (PDVSA). The agreement aims to establish the strategic foundations for the revitalization, technological modernization, and operational optimization of Venezuela’s hydrocarbon industry. Through a memorandum of understanding, the two […]

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