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 […]
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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 […]
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CARACAS — GE Vernova expects to bring one gigawatt of new, reliable power generation capacity online in Venezuela within the first 24 months of implementing its agreement to modernize and expand the country’s energy infrastructure, according to a fact sheet released Friday by the U.S. Embassy. The projection is part of a broader plan to […]
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The Daily Journal — The governments of Venezuela and Trinidad and Tobago formally launched a new stage in their diplomatic relations after signing a bilateral working agenda aimed at restoring cooperation in energy, trade and border security. The agreement followed an official visit to Caracas by Trinidad and Tobago’s Minister of Foreign and CARICOM Affairs, […]
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The Daily Journal.— Venezuela ranked as the third-largest oil producer in Latin America and the Caribbean in April, accounting for 11% of the region’s crude output, according to the latest report from the Latin American Energy Organization (Olacde), cited by EFE. Regional oil production reached 318 million barrels in April, up 10% from the same […]
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The Daily Journal.— General Electric (GE) Vernova plans to create more than 1,000 local jobs as part of a strategic partnership signed Wednesday to restore and stabilize electrical infrastructure supporting Venezuela’s oil industry, a senior executive from the U.S. company announced during a ceremony at Miraflores Palace. GE Vernova Venezuela President Carlos Mousadi and Petróleos […]
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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 […]
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The Daily Journal.- The two powerful earthquakes that struck several regions of Venezuela on June 24 caused structural damage to homes, buildings and public spaces. Caracas, one of the hardest-hit cities after La Guaira, woke up to cracked walls and ceilings and buckled floors. More than two months after the earthquakes, thousands of families still […]
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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. […]
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The Daily Journal.— U.S. oil exploration company Aspect Holdings will develop several fields in eastern Venezuela over the coming years as part of a new exploration agreement with Petróleos de Venezuela (PDVSA), company President Alex Cranberg announced Wednesday. The parties signed the agreement “for a joint technical and economic feasibility study for the development of […]
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