oil infrastructure Archives - The Daily Journal

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) […]

Héctor Obregón says U.S. oil deal can be renewed “for as long as necessary”

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

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 […]

White House: Venezuela oil deal will secure U.S. energy dominance for a century

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

The Daily Journal. — The White House said Monday that the oil agreement reached with Venezuela will allow the United States to secure its “energy dominance for the next century” at no cost to American taxpayers. “This deal secures our energy dominance for the next century, all at zero cost to the United States,” President […]