Venezuela's Two Major Oilfields Signed, Planned Investment of US$3.5 Billion to Restore Production
On October 7, U.S. energy company Pacific Coast Energy Company (PCEC) announced an oilfield developm...
Baker Hughes Signs Two Oil and Gas Infrastructure Cooperation Agreements in Venezuela
On October 5, Baker Hughes signed two oil and gas cooperation agreements in Venezuela. Among them, t...
GeoPark Plans to Invest $7 Billion to Develop Venezuela's Bare Oilfield
On September 29, Felipe Bayon, CEO of Latin American oil and gas producer GeoPark, said the company ...
Qatar's UCC in Talks to Enter New Venezuelan Oil and Gas Blocks
On September 29, Erik Keskula, head of upstream operations at Qatar's UCC Oil and Gas Holding, said ...
Halliburton Signs Memoranda of Understanding with Eneva and WESCA for Oil and Gas Development Cooperation in Venezuela
On September 21, U.S. oilfield services company Halliburton announced that it has signed memoranda o...
PDVSA and TotalEnergies Sign Memorandum of Understanding on Energy Cooperation
On September 19, Petróleos de Venezuela, S.A. (PDVSA) and TotalEnergies E&P New Ventures, a subs...
Venezuela Plans to Move About $4 Billion in Gold From the UK to US Custody
On September 18, the Venezuelan government and representatives of some opposition parties were negot...
Heeney Capital Secures 30-Year Operating Rights for Venezuela's Chocó Gold Mine, with Up to US$1 Billion Investment
On September 16, the U.S. investment firm Heeney Capital signed a mining concession agreement with t...
Continental Resources Signs Memorandum with PDVSA for Development of the Ayacucho 2 Oil Block
On September 16, U.S. oil and gas producer Continental Resources signed a memorandum of understandin...
Chevron More Than Doubles Oil Rig Count in Venezuelan Oilfields
On September 8, Chevron Chief Financial Officer Eimear Bonner said the company will more than double...
GeoPark Signs 25-Year Contract to Develop Venezuela's Bare Oil Field
On September 4, Venezuela's state-owned oil company PDVSA and GeoPark officially signed a 25-year oi...
Eni signs 25-year contract to exclusively operate the Junín 5 oilfield
On September 2, Eni and Petróleos de Venezuela, S.A. (PDVSA) signed the Hydrocarbon Production Parti...
Chevron Plans Over $7 Billion Investment in Venezuela to Boost Output to 600,000 Barrels Per Day
On September 2, Chevron signed a new oil and gas cooperation agreement with Venezuelan authorities, ...
Venezuelan Parliament Votes to Support US-Venezuela Oil Agreement Involving 17 Oil Fields
On September 1, Venezuela's National Assembly voted to support the recently announced US-Venezuela o...
Venezuela Considers Leaving OPEC, No Final Decision Yet
On August 28, multiple informed sources stated that the Venezuelan government is considering withdra...
Chevron and Others Plan to Invest Billions of Dollars in Venezuelan Oil Fields
On August 28, people familiar with the negotiations said that U.S. energy companies such as Chevron ...
Venezuela and the United States Reach Oil Cooperation Agreement Covering 65 Billion Barrels
On August 28, Venezuela's acting President Delcy Rodríguez issued an official government bulletin st...
Venezuela's PDVSA Signs Oilfield Data Services Contract with SLB
On August 20, the U.S. Embassy in Venezuela confirmed that SLB and Venezuela's state-owned oil compa...
Venezuela's crude oil exports reach 1.25 million barrels per day in 2026, refining investment shifts overseas
Venezuela's crude oil exports have recovered faster than its domestic processing capacity. In August...
United Airlines Delays Venezuela Route Resumption to January
Star Alliance member United Airlines has postponed the resumption of its Houston George Bush Interco...
SLB Plans to Restart Up to 15 Rigs in Venezuela
On August 19, SLB began the process of restoring up to 15 oil rigs in Venezuela, while Formentera Pa...
BP Secures Phase 2 Exploration and Development License for Venezuela's Loran Gas Field
On August 13, UK energy company BP signed an offshore natural gas development agreement with the Ven...