Matheus: dismantling the “judicial dictatorship” must be a priority to rebuild the democratic state

The Daily Journal.- Juan Miguel Matheus, a member of the opposition delegation in talks with the Delcy Rodríguez administration, believes that transforming the judiciary must constitute one of the first steps toward an eventual democratic reconstruction of Venezuela. In an article published Friday in the Spanish newspaper El Mundo, Matheus warns that an electoral system […]

Continue Reading

Chevron plans to raise oil production in Venezuela to 420,000 bpd by 2028

The Daily Journal. — U.S. energy giant Chevron plans to increase its crude oil output in Venezuela by 50% by the end of 2028, targeting production of 420,000 barrels per day (bpd), the company’s Chief Financial Officer Eimear Bonner said during a recent earnings call. The company’s financial results show a sustained recovery in its […]

Continue Reading

The Stock Exchange Can Become a Driving Force for Special Economic Zones

Julio A. López, Editor-in-Chief. Víctor Julio Flores Rojas, former president of the Caracas Stock Exchange, argues that Venezuela’s capital market can play a decisive role in financing Special Economic Zones (SEZs), channeling domestic and foreign capital into infrastructure, industry, technology and other productive sectors. —How important can Special Economic Zones be for Venezuela? —Special Economic […]

Continue Reading

Yoyiana Ahumada: Venezuela needs a patronage law to revive its culture

Valeria Olivares In current debates over economic reforms and the transformation commissions Venezuela requires, the cultural sector often takes a back seat. This omission occurs in a country where more than 400 theater institutions — including performance venues and independent companies — have disappeared since the ruling movement came to power, a decline compounded by […]

Continue Reading

Venezuelan authorities visit Shell to assess technologies for the energy sector

Company executives showcased Shell’s technological and operational capabilities in key areas to the Venezuelan delegation The Daily Journal.- A Venezuelan government delegation led by Hydrocarbons Minister Paula Henao visited multinational energy company Shell’s facilities to gain firsthand knowledge of its technological capabilities in offshore exploration, natural gas development, among other areas. Johann Álvarez Márquez, national […]

Continue Reading

U.S. Embassy backs agreement between PDVSA and oilfield services company SLB

The Daily Journal – The U.S. Embassy in Venezuela expressed its support for a framework services agreement between state-owned Petróleos de Venezuela (PDVSA) and multinational company SLB (formerly known as Schlumberger), as part of efforts to modernize oil exploration and production in the South American country. PDVSA and SLB signed the agreement during the IMAGE […]

Continue Reading

U.S. plans to allocate $57 million to Venezuela’s National System of Youth and Children’s Orchestras and Choirs

The Daily Journal.- The U.S. Department of State, in collaboration with Congress, plans to provide $57 million in grants to support the recovery of Venezuela’s National System of Youth and Children’s Orchestras and Choirs (El Sistema) and complete an 18,000-square-meter Teacher Training Center in Venezuela, the U.S. Embassy in Caracas said Thursday. The funding will […]

Continue Reading

Oil equipment supplier SBO puts Venezuela back on its radar

Austrian company SBO received an order to deploy its precision technology in Venezuela The Daily Journal.- Venezuela has returned to the business radar of oil equipment supplier SBO after the company received an order to deploy its precision technology in the South American country. According to Klaus Mader, CEO of the Austrian company, the Venezuelan […]

Continue Reading

Enrique Márquez defends phased transition and highlights U.S. role

The Daily Journal.- Political leader Enrique Márquez returned to the public spotlight on Thursday to defend the “stabilization, recovery and transition” roadmap that the United States has promoted for Venezuela. The former political prisoner acknowledged that Washington is overseeing the process and rejected criticism from those who consider the timetable “too slow.” During the presentation […]

Continue Reading

Crossover energy nears completion of agreements with Venezuela and PDVSA

The Daily Journal – U.S. energy company Crossover Energy has entered the final stage of negotiations to finalize oil agreements with Venezuela, CEO Eric McCrady confirmed during a conference in Houston. The company is finalizing the agreements with Petróleos de Venezuela (PDVSA) and the Ministry of Hydrocarbons. Crossover Energy entered Venezuela after acquiring control of […]

Continue Reading