ENI 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) […]

Repsol maintains gas production in Venezuela at 580 million cubic feet per day

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

The Daily Journal.- Spanish energy company Repsol continues to produce around 580 million cubic feet of natural gas per day from the Cardón IV field, which it operates alongside Italy’s Eni in Venezuela, a company source said Wednesday during the Venezuela International Oil and Gas Summit. Production has remained unchanged since March, when the government […]

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 […]

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 […]

Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

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 […]

Venezuela “returns” to the U.S. and Western sphere of influence

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Trump administration is reversing, through forceful actions and aggressive diplomacy, what President Chávez painstakingly built, and Nicolás Maduro later sought to deepen. José Gregorio Yépez The signing of Venezuela’s oil agreements with the multinational companies that attended the meeting at Miraflores, with the approval of U.S. Energy Secretary Chris Wright, marks one of the […]

U.S. expects Venezuela to double oil production in less than five years

September 4, 2026September 4, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The Donald Trump administration expects new investments and energy agreements between the United States and Venezuela to double Venezuelan oil production in less than five years, according to a U.S. Department of Energy fact sheet released Friday by the U.S. Embassy in Caracas. The document presents agreements signed this week with companies […]

Venezuelan company Primavera Infinita signs agreement to develop Budare-Elotes block

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Venezuelan company Primavera Infinita signed a Production Participation Contract with Petróleos de Venezuela (PDVSA) on Wednesday to develop the Budare-Elotes block, located between Anzoátegui and Monagas states, as part of a new round of agreements aimed at adding new areas to the country’s oil production portfolio. The parties signed the agreement […]

China will have no rights to new Venezuelan oil production revenue, U.S. Energy Secretary says

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]