energy sector 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 […]

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 […]

Venezuela presents IMF with economic roadmap centered on oil and mining

October 15, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuela’s Vice President for Economic Affairs, Calixto Ortega, presented the country’s economic roadmap on Wednesday during a discussion in Bangkok on the sidelines of the International Monetary Fund (IMF) and World Bank annual meetings. The plan focuses on the oil and mining extractive industries. Ortega, a former president of the Central Bank […]

Venezuela increases oil production to 1.15 million barrels per day

October 13, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuela increased its oil production to 1.15 million barrels per day in September, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. OPEC data show steady growth over the past three months. Production rose from 1.125 million barrels per day in July to 1.133 […]

Venezuela plans to add 7,400 megawatts to power grid ‘in the medium term’

October 9, 2026October 9, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Venezuela plans to add 7,400 megawatts (MW) of electricity capacity to the National Electric System (SEN) in the medium term through agreements signed this year with U.S.-based General Electric (GE) and Argentina’s Impsa, acting President Delcy Rodríguez said Thursday. Rodríguez announced Fedecámaras’ annual assembly, where she also said the government plans to […]

OFAC expands licensing framework for oil and electricity operations in Venezuela

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

The Daily Journal. — The United States updated on Monday the licensing framework governing certain commercial and investment activities related to Venezuela’s oil, gas, petrochemical, and electricity sectors through General Licenses 46E, 48D and 49B issued by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The new provisions replace previous versions of those […]

Colombia considers importing gas from Venezuela to ease shortage amid El Niño

September 26, 2026September 26, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The Colombian government is evaluating several alternatives to offset the natural gas supply deficit in its domestic market amid the effects of the El Niño climate phenomenon, including importing gas from Venezuela, Minister of Mines and Energy María Nohemí Arboleda said. Speaking at a forum organized by the National Association of […]

Venezuelan oil exports to U.S. surge 228%, reaching highest volume since 2018

September 25, 2026September 25, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuelan oil exports to the United States averaged 451,000 barrels per day through the week ending September 18, marking a 228% increase compared with the same period in 2025. According to preliminary data from the U.S. Energy Information Administration (EIA), Venezuela exported an estimated 117 million barrels of crude oil to the […]

Halliburton signs agreements with Eneva and WESCA to evaluate new oil and gas projects in Venezuela

September 22, 2026September 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Halliburton signed memorandums of understanding with Brazil’s Eneva and WESCA to evaluate oil and gas development opportunities in Venezuela as international companies seek to position themselves in the country’s energy sector. The agreements cover asset evaluation, development planning, and subsurface analysis. However, the companies have not announced any investments, committed capital amounts, […]