PDVSA Archives - Page 11 of 11

Venezuela hires Greenberg Traurig to defend against Crystallex in U.S. courts

June 13, 2026June 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The Venezuelan government has restructured its legal defense abroad as part of its efforts to prevent the loss of one of its most valuable assets. According to Reuters, Venezuelan authorities hired the international law firm Greenberg Traurig to represent the country in its multibillion-dollar legal dispute with Canadian mining company Crystallex. […]

PDVSA President: Every investment arriving in the country will be guided by technical data

June 12, 2026June 12, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, praised the strategic partnership between the Venezuelan state-owned oil company and Schlumberger Limited following the signing of a memorandum of understanding. Speaking from Miraflores Palace during an event led by Acting President Delcy Rodríguez, Obregón said the agreement comes “at the […]

Caracas to Host Energy Summit Aimed at Attracting Up to $100 Billion in Investment

June 10, 2026June 10, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela is preparing to host the Venezuela Energy Week international summit in October 2026, an energy-sector gathering through which the country hopes to attract up to $100 billion in investment as part of its strategy to revive the oil industry. The event will take place in Caracas from October 26 to […]

India Raises Multi-Million-Dollar Debt Claims Against Venezuela During Delcy Rodríguez Visit

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The Government of India confirmed that discussions during Venezuelan Acting President Delcy Rodríguez’s visit to New Delhi included one central issue: outstanding debts owed to Indian companies, especially in the oil and pharmaceutical sectors, most of which accumulated before and during international sanctions on Caracas. During a press briefing, Rudrendra Tandon, […]

Chevron Warns Venezuela Must Cut Taxes and Royalties to Attract New Oil Capital

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

The Daily Journal. — Chevron Corporation CEO Mike Wirth warned that Venezuela needs to urgently reduce corporate taxes and oil production royalties if the country wants to attract fresh investment capital next year. During an interview with Bloomberg TV, Wirth explained that current fiscal conditions severely limit international operators’ profit margins and weaken Venezuela’s competitiveness […]

Venezuelan Minister of Hydrocarbons Evaluated Project Portfolio with Private Investors in Texas

May 24, 2026May 30, 2026NerlayLeave a Comment

The Daily Journal.- A high-level official delegation traveled to the state of Texas, United States, with the aim of consolidating strategic alliances oriented toward reactivating the national oil industry. Venezuela’s Minister of Hydrocarbons, Paula Henao, and the Vice President for Exploration and Production of Petróleos de Venezuela (PDVSA), Yovanny Martínez, participated in the Venezuela Exploration […]

Manuel Sutherland: “A Lengthy Audit and Exhaustive Investigation of Venezuela’s Debt, Every Bond, Paper, and Ticket, Is Necessary if Payment Is to Be Made”

May 22, 2026May 30, 2026NerlayLeave a Comment

Yahvé Álvarez.- “A lengthy audit and an exhaustive investigation of Venezuela’s debt, of every bond, paper, and ticket, would be necessary in the event of repayment, and that would require at least eight or nine months, which would be ideal to thoroughly examine the debt without harming honest investors while also avoiding excessive payments that […]