Chevron Archives - The Daily Journal

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 […]

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) […]

Venezuela’s oil exports fall 9% as freight costs rise

October 2, 2026October 17, 2026Tatiana Da GamaLeave a Comment

Exports fell to 1.08 million barrels per day in September The Daily Journal.- Venezuela’s oil exports fell nearly 9% in September to 1.08 million barrels per day, down from 1.19 million barrels per day the previous month. According to Reuters, rising maritime freight costs and traders’ demands for steeper discounts weighed on the country’s shipments. […]

Oil executives warn Venezuela’s power supply is hindering expansion plans

October 1, 2026October 1, 2026Tatiana Da GamaLeave a Comment

They warned that the power system represents the biggest obstacle, with a deficit of more than 1,500 MW and prolonged blackouts The Daily Journal.- Executives from major international oil companies warned this week that Venezuela’s power supply represents the biggest obstacle to their projects, citing a deficit of more than 1,500 megawatts (MW) and blackouts […]

Big oil returns as environmentalists demand cleanup of environmental liabilities

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The international oil industry is once again turning its attention to Venezuela, with an agenda focused on new investment opportunities, particularly in the natural gas sector, as environmental commitments and the cleanup of longstanding environmental liabilities emerge as major challenges for the energy industry. Some 650 delegates from 30 countries are […]

Venezuela could reach 2.58 million barrels of crude oil per day by 2035, Rystad says

September 29, 2026September 29, 2026Tatiana Da GamaLeave a Comment

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 […]

Delcy Rodríguez calls on Guyana to resume negotiations over Essequibo

September 24, 2026September 24, 2026Tatiana Da GamaLeave a Comment

The acting president told the UN General Assembly that the territorial dispute should be resolved through bilateral negotiations under the Geneva Agreement. The Daily Journal.- Venezuela’s acting president, Delcy Rodríguez, reaffirmed Caracas’ claims to the Essequibo region before the 81st United Nations General Assembly on Wednesday and called on the government of Guyana to resume […]

Ali Moshiri denies Bloomberg report on deal to operate Venezuelan oil field

September 18, 2026September 18, 2026Tatiana Da GamaLeave a Comment

Julio A. López, Editor-in-Chief. Veteran oil executive Ali Moshiri said he has not signed any memorandum of understanding (MOU) with the Venezuelan government. “The information published by Bloomberg is incorrect,” Moshiri told this publication. The clarification comes just hours after Bloomberg published a report claiming that Moshiri’s team in Caracas had already signed a memorandum […]

The inequality of phantom growth: why Venezuela and Ireland suffer from the same macroeconomic mirage

September 14, 2026September 14, 2026Tatiana Da GamaLeave a Comment

Andrés Ramón Giuseppe Ávalo In conventional economic analysis, Venezuela and Ireland rarely appear in the same conversation. One is a European technology and pharmaceutical hub; the other is a Caribbean oil-producing nation recovering after years of acute economic collapse and severe international sanctions. Yet beneath their profound geographical and institutional differences lies a shared structural […]

NABEP aims to produce 500,000 barrels per day by 2028

September 11, 2026September 11, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- North American Blue Energy Partners (NABEP), the oil company backed by the Donald Trump administration to develop oil fields in Venezuela, expects to increase its crude production to 500,000 barrels per day (bpd) by the end of 2028, more than double the approximately 200,000 bpd it currently produces, according to a Bloomberg […]