Venezuela Archives - Page 20 of 61

Gilinski takes control of GeoPark and assumes operations at Bare block in the Orinoco Oil Belt

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

The Daily Journal.- Oil company GeoPark announced its strategic entry into Venezuela’s oil industry through the acquisition and development of the Bare block, located in the Orinoco Oil Belt, in a transaction that will make the Gilinski Group the company’s controlling shareholder. According to Bloomberg, the transaction includes a 25-year Production Participation Contract (CPP) with […]

Maduro and Flores’ lawyers ask U.S. court to dismiss their case on sovereign immunity grounds

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

EFE.- Lawyers for ousted Venezuelan President Nicolás Maduro asked a U.S. court on Wednesday to dismiss the criminal case against him on sovereign immunity grounds, according to the digital court docket. Maduro’s attorney, Barry Pollack, filed two motions with the court: one seeking dismissal of the entire indictment based on sovereign immunity and another, should […]

OFAC expands authorizations for trade and investment in Venezuelan gold and minerals

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

The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three new general licenses on Wednesday that expand authorized operations in Venezuela’s coal, gold and other mineral sectors, opening the door to trade, technology supplies and negotiations for future investments. The measures, identified as General Licenses 51D, 54C and […]

Venezuela formalizes new energy agreements during Chris Wright’s visit to Caracas

September 3, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— During U.S. Energy Secretary Chris Wright’s visit to Caracas, the Venezuelan government formalized new agreements for the hydrocarbons sector on Wednesday at a meeting with a Washington delegation at Miraflores Palace. The agreements include expanded participation by U.S.-based Chevron and Italy’s Eni in joint ventures operating in the Orinoco Oil Belt. Earlier […]

Trump says Delcy Rodríguez wants elections but believes Venezuela is not ready

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

The Daily Journal – U.S. President Donald Trump said Wednesday that Venezuela’s interim president, Delcy Rodríguez, “wants” the country to hold elections. However, he believes the South American nation is “not ready” for them yet. Speaking to reporters at the White House, Trump praised the Venezuelan leader and highlighted her performance at the helm of […]

Dollar crossing 800 bolivars deepens erosion of Venezuelans’ income

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

The Daily Journal – The official exchange rate broke the 800-bolivar-per-dollar barrier on Wednesday, September 2, reaching Bs. 801.18, according to the rate published by the Central Bank of Venezuela (BCV). The U.S. dollar rose by 2.86 bolivars (0.36%) in a single day after closing Tuesday, September 1, at 798.32 bolivars. The euro also climbed […]

Coinbase co-founder negotiates control of oil fields in Venezuela

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

The Daily Journal – Coinbase co-founder Fred Ehrsam is negotiating to gain control of at least three oil fields in Venezuela, according to sources familiar with the talks. Alvorada Heavy Industries Ltda currently operates the fields — Boca, Guico and Guara, located in the Orinoco Belt — while U.S. authorities review the company’s contracts and […]

Chevron plans to invest more than $7 billion in Venezuela and double production within five years

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

The Daily Journal.— Chevron plans to invest more than $7 billion in Venezuela over the next five years and more than double its production in the country to approximately 600,000 barrels per day, following new agreements that improve the fiscal, commercial and legal terms governing its joint ventures. The expansion represents one of the largest […]

More than 100 media outlets and organizations demand full restoration of freedom of expression in Venezuela

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

The Daily Journal.— Dozens of media outlets, human rights organizations, professional associations, journalists and citizens signed a manifesto demanding the immediate and full restoration of freedom of expression in Venezuela, an end to the persecution of media workers and the dismantling of the legal and institutional structures that, according to the signatories, have facilitated censorship. […]

Military high command backs oil deal with U.S. and rules out political subordination

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

The Daily Journal.— The Military High Command of the Bolivarian National Armed Forces (FANB) formally expressed its support on Tuesday for the energy agreement between Venezuela and the United States to develop 17 oil fields that account for one-fifth of the country’s proven crude oil reserves. Defense Minister Gustavo González López made the statement after […]