The Daily Journal. — Petróleos de Venezuela S.A. (PDVSA) aims to increase production to 1.3 million barrels per day this year and 1.5 million in 2027, supported by the entry of private operators, the reactivation of drilling rigs and the adoption of new technologies, the company’s Executive Vice President Jovanny Martínez said. The target is […]
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The Daily Journal — Petróleos de Venezuela (PDVSA) President Héctor Obregón said Monday that the oil agreement with the United States involves three parties and allows renewals for as long as necessary. However, the underlying contract sets an initial 25-year term. “The contract has a 25-year term, but legally, by mutual agreement, the parties can […]
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The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]
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EFE.- Lawyers for ousted Venezuelan President Nicolás Maduro asked a U.S. court on Wednesday to dismiss the criminal case against him on sovereign immunity grounds, according to the digital court docket. Maduro’s attorney, Barry Pollack, filed two motions with the court: one seeking dismissal of the entire indictment based on sovereign immunity and another, should […]
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The Daily Journal.— During U.S. Energy Secretary Chris Wright’s visit to Caracas, the Venezuelan government formalized new agreements for the hydrocarbons sector on Wednesday at a meeting with a Washington delegation at Miraflores Palace. The agreements include expanded participation by U.S.-based Chevron and Italy’s Eni in joint ventures operating in the Orinoco Oil Belt. Earlier […]
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The Daily Journal – U.S. President Donald Trump said Wednesday that Venezuela’s interim president, Delcy Rodríguez, “wants” the country to hold elections. However, he believes the South American nation is “not ready” for them yet. Speaking to reporters at the White House, Trump praised the Venezuelan leader and highlighted her performance at the helm of […]
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The Daily Journal.- Venezuelan crude exports surged in August as U.S. President Donald Trump’s administration seeks to expand its control over the country’s oil sector. Oil tankers loaded an average of 1.114 million barrels per day of Venezuelan crude in August, a 28% increase from July, according to shipping reports, data from Kpler Ltd., and […]
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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 announcement of the oil agreement between Venezuela’s acting president, Delcy Rodríguez, and U.S. President Donald Trump has triggered a wave of criticism from figures who have held some of the highest positions in Venezuela’s energy sector. Former oil ministers and former PDVSA presidents from across the ideological spectrum have questioned […]
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The Daily Journal – The global race for Artificial Intelligence (AI) supremacy has encountered its greatest obstacle not in algorithms, but in the Earth’s natural resources. Cloud computing and deep-learning models require massive physical infrastructure that consumes electricity and water at unprecedented rates. With critical projections for the end of the decade, the technology industry […]
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