Economy Archives - Page 2 of 30

Multinational oil companies step up hiring in Venezuela’s oil fields: Weatherford, Baker Hughes, Halliburton and SLB lead the return

October 21, 2026October 21, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – Multinational oilfield services companies are taking their first steps toward deploying personnel, equipment, and machinery in Venezuela. Specifically, Weatherford International, Baker Hughes, Halliburton, and SLB are advertising dozens of job openings in the country on their websites. This development offers an early sign that a Washington-backed plan to rebuild Venezuela’s energy […]

Home and apartment prices soar in La Guaira as real estate chamber calls for reflection

October 21, 2026October 21, 2026Tatiana Da GamaLeave a Comment

“The market is moving, and those who lived in the hardest-hit areas in the east and west are now seeking to settle in central areas such as Maiquetía,” explained María Teresa Brito, president of the La Guaira Real Estate Chamber. Pablo González, president of the Venezuelan Real Estate Chamber, criticized speculation and called for responsibility. […]

Eating a balanced diet in Venezuela despite inflation and low incomes

October 20, 2026October 20, 2026Tatiana Da GamaLeave a Comment

Chicken, egg, and legume prices, nutritionists’ advice, and practical tips to stretch the family food budget. The Daily Journal — Nutrition and metabolism specialists recommend a diet rich in protein and fiber, with less sugar and refined flour, to maintain good health. However, eating a balanced diet in Venezuela amid inflation and low incomes means […]

Venezuela to see one of Latin America’s largest improvements in terms of trade in 2026, ECLAC says

October 20, 2026October 20, 2026Tatiana Da GamaLeave a Comment

The organization forecasts a 23% increase for Venezuela, the second-highest in Latin America and the Caribbean, amid rising international commodity and hydrocarbon prices. The Daily Journal — Venezuela will record a 23% improvement in its terms of trade in 2026, one of the largest increases in Latin America and the Caribbean, driven by export price […]

Zulia’s oil production rises to 370,000 barrels per day

October 20, 2026October 20, 2026Tatiana Da GamaLeave a Comment

Delcy Rodríguez said oil output in the western state climbed from 70,000 barrels per day to its current level and announced plans to expand natural gas production and exports. The Daily Journal — Oil production in Zulia state has increased from 70,000 to 370,000 barrels per day, with output expected to reach 400,000 barrels per […]

Venezuela expects to attract $76 billion in oil investments over the next five years

October 20, 2026October 20, 2026Tatiana Da GamaLeave a Comment

Delcy Rodríguez linked the investments to recently signed agreements and said the bilateral deal with the United States includes drilling operations involving 250 rigs across 17 oil fields. The Daily Journal — Venezuela expects to attract approximately $76 billion in investments in its oil sector over the next five years through a series of recently […]

KEO Energy takes over PetroUrdaneta operations

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

KEO Capital’s U.S. subsidiary will manage the joint venture’s technical operations in the Lake Maracaibo Basin. Julio A. López, Editor-in-Chief — KEO Energy, the U.S. subsidiary of KEO Capital specializing in oil and gas, is expanding its presence in Venezuela’s oil industry through an agreement with Petróleos de Venezuela (PDVSA) to manage PetroUrdaneta. This joint […]

NABEP opens registration for Venezuelan technical professionals and suppliers for Lake Maracaibo operations

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

The Daily Journal – North American Blue Energy Partners (NABEP) announced the opening of a registration process for Venezuelan professionals, technicians, and suppliers, aiming to incorporate them into its operations in western Venezuela. The company announced this during the 2026 Energy, Oil and Gas Conference (CEPEG 2026), held at the Tibisay Hotel on the shores […]

PDVSA aims to end 2026 with oil production of 1.3 million barrels per day

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

The Daily Journal – Petróleos de Venezuela (PDVSA) has set a target of ending 2026 with national oil production of 1.3 million barrels per day (bpd), up from its currently reported 1.24 million bpd, according to an announcement by the state-owned company’s president, Héctor Obregón Pérez, during the Energy, Oil and Gas Conference (CEPEG 2026) […]

Juan Barreto calls for broader political dialogue in Venezuela beyond political elites

October 16, 2026October 16, 2026Tatiana Da GamaLeave a Comment

The former Caracas metropolitan mayor views the dialogue between the acting government and the 2015 National Assembly as a first step toward restoring the country’s institutions. Still, he warns that the process must also address social demands. The Daily Journal.- Former Caracas Metropolitan Mayor Juan Barreto believes that the dialogue between Venezuela’s acting government and […]