The Daily Journal – A recent investigation by U.S. news outlet ProPublica has revealed critical details about a new energy agreement in the region. The oil deal promoted by U.S. President Donald Trump with Venezuela protects the interests of private businesspeople. Still, it does not explicitly require the payment of $209 billion in taxes and […]
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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 […]
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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 […]
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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 […]
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The Daily Journal.- North American Blue Energy Partners (NABEP) has begun deploying 11 new oil well maintenance rigs (workover rigs) in Venezuela, along with two 1,500-horsepower drilling rigs that arrived in the country on October 7, the company announced in a statement. According to NABEP, this marks the first time in more than 15 years […]
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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 […]
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The Daily Journal.— Acting President Delcy Rodríguez announced Thursday that her government is negotiating 44 additional agreements in the oil sector, which would add to the 61 already signed by state-owned Petróleos de Venezuela (PDVSA), bringing the total to 105 agreements so far this year. “In addition to the 61 agreements that PDVSA has already […]
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The reform of the Organic Hydrocarbons Law reduced the National Assembly’s role in approving oil deals. At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished. Legal scholar Mariana Campos warns that parliamentary oversight has not disappeared; it must be exercised over implementation. Neirlay Andrade The […]
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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 […]
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The mechanism means that Venezuela, “an impoverished country, is subsidizing a rich country like the United States,” the economist said Neirlay Andrade.— Venezuela could face a fiscal sacrifice of around US$6 billion under the terms of the new oil agreement with the United States, according to an estimate presented Tuesday by economist José Guerra, who […]
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