CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 19.Sep.2026, Words: 267) — Venezuela’s interim president, Delcy Rodríguez, signed a memorandum of understanding (MOU) with France’s TotalEnergies. This is the latest in a series of oil agreements signed between multinational oil companies and the Venezuelan government following the capture of Nicolás Maduro […]
Tag: PDVSA
PRESS DIGEST 19Sep2026: TotalEnergies deal in VEN; ‘huachicol’ in Guanajuato, MEX; Delcy to NYC
CARACAS, VENEZUELA (By Energy Analytics Institute and Editores LatinPetroleum, 19.Sep.2026, Words: 225) — Company briefs spanning details on PETROBRAS, PDVSA and TotalEnergies among others. LATIN AMERICA AND THE CARIBBEAN BRAZIL — PETROBRAS announced approval to join new economic subsidy program. [PETROBRAS] — PETROBRAS received a new installment under the gasoline economic […]
PDVSA and TotalEnergies EyP New Ventures ink MOU in Caracas
HOUSTON, TEXAS (By Pietro D. Pitts, Editores Latin Petroleum, 19.Sep.2026, Words: 128) — State-owned Petróleos de Venezuela S.A. (PDVSA) and the multinational TotalEnergies EyP New Ventures signed a memorandum of understanding (MOU) in Caracas over the week end. This signing event took place on 19 Sep. 2026 at Miraflores Palace in […]
PDVSA and Continental Resources ink MOU related to Ayacucho 2 block in Venezuela’s Faja
OKLAHOMA CITY, OKLAHOMA (By Continental Resources, 16.Sep.2026, Words: 363) — Continental Resources, Inc. signed a memorandum of understanding (MOU) with state-owned Petróleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 block in Venezuela’s Orinoco heavy oil belt, one of the world’s most prolific oil-producing regions. The parties intend […]
Rodríguez welcomes Gilinski Group head Jaime Gilinski Baca
CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 2.Sep.2026, Words: 145) — Venezuela’s interim president Delcy Rodríguez presided over a signing ceremony of the Hydrocarbon Productive Participation Contract (CPP) for primary activities in the Baré Block. The deal was signed between Petróleos de Venezuela (PDVSA) and Geopark, Venezuela’s Ministry of Foreign […]
KEO Capital announces $350mn loan for project with PDVSA
HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 2.Sep.2026, Words: 94) — KEO Capital announced a $350mn loan for a project in partnership with state-owned Petróleos de Venezuela (PDVSA). RELATED: VENEZUELA HOSTS IOCS, US ENERGY SECRETARY IN CARACAS TO DISCUSS ENERGY SECTOR
Eni inks strategic contract in Venezuela, to operate Junín-5 oil field
CARACAS, VENEZUELA (By Eni, 2.Sep.2026, Words: 566) — In the presence of the acting president of the Bolivarian Republic of Venezuela, Delcy Rodríguez, during the visit to Venezuela by US secretary of energy Chris Wright, and in the presence of the Venezuelan minister of hydrocarbons, Paula Henao, the CEO of the […]
PDVSA says production from 17 strategic fields to exceed 1.5 MMb/d
HOUSTON, TEXAS (By Ofelia Paredes, Editores LatinPetroleum, 1.Sep.2026, Words: 176) — Venezuela’s strategic objective in the national energy policy space is to transform the potential of reserves into real productive capacity. This, according to state-owned PDVSA. ANALYSIS: TO HELL WITH FREE AND FAIR ELECTIONS IN VENEZUELA, THERE IS OIL TO DEVELOP […]
OFAC issues GLs 46D, 47B, 48C, 50C, 51C, 52B, 54B and 61A related to Venezuela
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 27.Aug.2026, Words: 196) — The US Office of Foreign Assets Control (OFAC) issued a number general licenses as they relate to Venezuela. A summary of the general licenses follows: — GL no. 46D: authorizing certain activities involving Venezuelan-origin oil or petrochemical products. […]
Venezuelan production at 1.2 MMb/d, confirms Delcy Rodríguez
CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 25.Aug.2026, Words: 97) — Venezuela’s interim president Delcy Rodríguez announced the OPEC country’s oil production exceeded 1,230,000 barrels per day (b/d), reaching its highest level since Feb. 2019. This, during a national address 25 Aug. 2026 broadcast on Venezuelan television. Also, Delcy mentioned […]
Venezuela refining system processing 350,000 b/d, covers domestic fuel demand
HOUSTON, TEXAS (By Pietro D. Pitts, Editores Latin Petroleum, 20.Aug.2026, Words: 130) — Venezuela’s refining system is processing just 350,000 barrels per day (b/d). This, compared to a peak refining processing capacity of 1.3 million b/d from its 6 domestic refineries. EAI ANALYSIS: THE ISSUE WITH VENEZUELA’S NAMEPLATE 1.3 MMB/D REFINING CAPACITY
PDVSA production reaches 1,233,000 b/d: Obregón
HOUSTON, TEXAS (By Pietro D. Pitts, Editores Latin Petroleum, 20.Aug.2026, Words: 95) — Oil production from Venezuela’s state-owned PDVSA has reached 1,233,000 barrels per day (b/d). This, according to PDVSA president Héctor Obregón, who confirmed Venezuelan national production continues its sustained upward trend.
OFAC issues GL no. 5Y related to PDVSA 2020 8.5% bond
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 3.Aug.2026, Words: 71) — The US Office of Foreign Assets Control (OFAC) issued general license no. 5Y authorizing certain transactions related to the Petróleos de Venezuela, S.A. 2020 8.5% bond on or after 17 Sep. 2026. RELATED: OFAC ISSUES GL5W RELATED TO PDVSA […]
Venezuela’s oil production rises in first 200 days with Delcy Rodríguez at the helm
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 28.Jul.2026, Words: 151) — The first 200 days of the administration of Venezuela’s interim president Delcy Rodríguez Gómez have been marked by firm decisions and economic growth, with positive impacts in the social, economic, security, and diplomatic spheres as well as the dual […]
PDVSA’s El Palito refinery to undergo 3-4 weeks of scheduled maintenance
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 28.Jul.2026, Words: 158) — El Palito refinery, located in Carabobo state, will enter a phase of scheduled maintenance that will keep its operations inactive for 3-4 weeks. Sources related to the matter revealed to Reuters on 28 Jul. 2026 the state-owned oil company […]
Venezuelan authorities visit Ana María Campos petrochem complex in Zulia state
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 24.Jul.2026, Words: 142) — Authorities from Venezuela’s national petrochemical sector conducted a technical inspection at the Ana María Campos Petrochemical Complex, located in Zulia state. The inspection aimed to assess the condition of the infrastructure and operational systems of the plants.
Venezuela’s Rodríguez meets with economic team about earthquake recovery efforts
BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 24.Jul.2026, Words: 141) — Venezuela’s interim president Delcy Rodríguez led a strategic working group meeting with members of her economic team as part of coordinated efforts to consolidate the recovery of the areas affected by the double earthquake of 24 Jun. 2026. […]
PRESS DIGEST 22 JUL 2026: IOCs and VEN; Guatemala project financing
CARACAS, VENEZUELA (By Energy Analytics Institute, 22.Jul.2026, Words: 425) — The following briefs span company details on PDVSA, MENPET, TXNM Energy and Blackstone Infrastructure, among others. The briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond. Energy Analytics Institute (EAI) has not verified […]
PDVSA says to be producing 1.2 MMb/d
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 20.Jul.2026, Words: 137) — Venezuela is producing around 1.2 million barrels per day (b/d), according to state owned PDVSA. “Recovery and stabilization of national oil production is the result of a policy focused on operational strengthening, leveraging the experience of the workforce and […]
PRESS DIGEST 15 JUL 2026: Vista’s sustainability rpt; VEN’s poor governance
CARACAS, VENEZUELA (By Energy Analytics Institute, 15.Jul.2026, Words: 565) — The following briefs span company details on Vista Energy, S.A.B. de C.V., PDVSA, PEMEX, Ceragon Networks Ltd., Custom Engineered Wheels (CEW), Riley Exploration Permian, and Colson Group among others. The briefs are compiled from varied media outlets across the Latin America […]
PDVSA continues operational deployments at service stations across Venezuela
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 13.Jul.2026, Words: 300) — State-owned PDVSA said it has maintained its active logistical and operational deployment at service stations across Venezuela. RELATED: PAMPA ENERGÍA TAPS HALLIBURTON TO SUPPORT ENTERPRISE DIGITAL TRANSFORMATION IN VACA MUERTA IN ARGENTINA
Venezuela formalizes expansion of areas assigned to PetroPiar, S.A.
CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 7.Jul.2026, Words: 289) — The national government formalized expansion of the oil operations area assigned to the joint venture PetroPiar, S.A., an entity formed by Petróleos de Venezuela (PDVSA) and the US-based Chevron Corporation. According to Official Gazette No. 43,410, dated 7 Jul. […]
Venezuela reports oil exports of $5.5bn between Jan.-Mar. 2026
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 24.Jun.2026, Words: 300) — The Central Bank of Venezuela (BCV) released figures on the balance of payments for the first quarter 2026. Between Jan.-Mar. 2026, the South American country’s oil exports reached $5.491bn, up 21.5% compared to Jan.-Mar. 2025, Petroguia reported on 25 […]
Repsol inks deal with PDVSA to explore and develop a new oil area in Venezuela
CARACAS, VENEZUELA (By Repsol, 17.Jun.2026, Words: 325) — Repsol has signed a memorandum of understanding with Venezuela’s Ministry of Hydrocarbons and state-owned oil company Petróleos de Venezuela (PDVSA) to assess the potential development of a new area known as Horcón, located southeast of Lake Maracaibo. The agreement was signed today in […]
Repsol inks deal to explore, develop a new oil area in Venezuela
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 17.Jun.2026, Words: 141) — Repsol signed a memorandum of understanding (MOU) with the Venezuelan government and state-owned PDVSA to assess the potential development of the Horcón area, located southeast of Lake Maracaibo. The 3 parties also expressed intentions to conduct feasibility studies […]
PDVSA and Repsol ink MOU in Caracas
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 16.Jun.2026, Words: 383) — State-owned PDVSA and Spain’s Repsol signed a memorandum of understanding (MOU) to continue exploring other areas of cooperation into the future. The purpose of the MOU is to promote foreign investment and continue strengthening mutual cooperation.
Shell and PDVSA eye expanding production, optimization of gas handling
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 11.Jun.2026, Words: 175) — Petróleos de Venezuela (PDVSA) president Héctor Obregón and his counterpart at Shell‘s Exploration and Production division Peter Costello evaluated projects to expand production, optimize gas handling, and improve operational reliability. The alliance between the 2 companies is part of […]
PRESS DIGEST 12 JUN 2026: PEMEX-PETROBRAS collab; Trafigura execs in VEN
CARACAS, VENEZUELA (By editors and writers with Energy Analytics Institute and Editores Latin Petroleum CA, 12.Jun.2026, Words: 325) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on PEMEX, PETROBRAS, PDVSA, and Trafigura Group Pte. Ltd., […]
Venezuelan executive branch evaluates agreements to boost oil production
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 2.Jun.2026, Words: 184) — Venezuela’s interim president Delcy Rodríguez led a meeting of the National Economic Cabinet and the Hydrocarbons Sector to monitor financial policies and the stimulation of productive sectors. Together with the team from Petróleos de Venezuela, S.A. (PDVSA) and […]
New infrastructure will use AI for preventive maintenance of Venezuelan oil fields
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 29.May.2026, Words: 267) — Venezuela’s interim president Delcy Rodríguez, inaugurated the Hydrocarbons Technology and Data Management Center on 29 May 2026 as part of efforts to boost the national energy sector. During the event, she explained the new infrastructure centralizes strategic information […]
Venezuela inaugurates drilling rig, establishes hydrocarbons council
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 28.May.2026, Words: 491) — Venezuela’s interim president Delcy Rodríguez, inspected the technological capabilities of the Latin American Center for Training and Certification in Drilling “Simón Bolívar” in Anzoátegui State, establishing the Higher Academic Council for Hydrocarbons. Rodríguez, accompanied by her team, toured […]
World Bank officials visit Delcy Rodríguez in Caracas to talk about investments
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 15.May.2026, Words: 284) — This, as part of a new phase of dialogue geared towards attracting international investment. The high-level delegation from the World Bank was headed by the World Bank vice president for Latin America and the Caribbean Susana Cordeiro Guerra […]
PDVSA confirms explosion at Lamargas plant in block 5 of Lake Maracaibo in Zulia state
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 15.May.2026, Words: 160) — State-owned Petróleos de Venezuela, S.A. (PDVSA) confirmed an explosion occurred at the Lamargas compression plant, located in block 5 of Lake Maracaibo, Zulia state. The incident occurred on the morning of 15 May 2026.
ANALYSIS: PetroCaribe 2.0? Venezuela, Delcy and the future of oil diplomacy in the Caribbean
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 12.May.2026, Words: 2087) — As Caracas courts Caribbean partners again — signaled most recently by a new deal with Barbados — Venezuela’s interim leader Delcy Rodríguez appears to be testing the waters for a PetroCaribe reboot. But any “PetroCaribe 2.0” will operate […]
MENPET head Paula Henao tours PDVSA’s El Palito refinery
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 11.May.2026, Words: 134) — Venezuela’s hydrocarbons minister Paula Henao oversaw a tour of state-owned PDVSA‘s El Palito refinery. The purpose of the visit and tour was to establish the 2026 production roadmap and project strategic goals through 2031.
OFAC issues GL5W related to PDVSA 2020 8.5% bond and transaction on/after 19 Jun. 2026
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 4.May.2026, Words: 58) — The US Office of Foreign Assets Control (OFAC) issued general license no. 5W that authorizes certain transactions related to the state-owned Petróleos de Venezuela, S.A. (PDVSA) 2020 8.5% bond on or after 19 Jun. 2026. ____________________
Chevron “still in debt recovery mode” in Venezuela, CEO Mike Wirth says
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 1.May.2026, Words: 221) — Chevron Corporation CEO Mike Wirth said his company continues to leverage its “deep expertise and long-standing position to create an option for the future.” A case in point was a recently announced asset swap with state-owned PDVSA, which […]
ANALYSIS: Chevron’s Venezuela pivot; doubling down on heavy oil, deferring gas
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 29.Apr.2026, Words: 2,300) — Chevron Corporation’s latest asset swap in Venezuela — exiting gas exposure in favor of heavier oil-weighted positions — is more than an internal portfolio reshuffle. From my vantage point, after years covering Venezuela and wider Latin American […]
EXECUTIVE BRIEF: Chevron Venezuela, an asset swap and reading between the lines
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 29.Apr.2026, Words: 430) — Chevron Corporation’s decision to swap out of Venezuelan gas assets and consolidate around oil and heavy oil joint ventures (JVs) with state-owned PDVSA is a strategic bet on near- to medium-term cash flow over long-dated, high-risk gas […]
ENI CEO Claudio Descalzi comments on strategic agreements with PDVSA, Junín 5 plans
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 28.Apr.2026, Words: 300) — Italian state-owned energy company ENI signed strategic agreements with state-owned Petróleos de Venezuela (PDVSA) to strengthen the hydrocarbon sector of the OPEC country. ENI CEO Claudio Descalzi clarified that “ENI never left Venezuela; we remained here, always producing, […]
Repsol eyes boosting oil output at Petroquiriquire in Venezuela under agreed conditions
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Apr.2026, Words: 480) — Spain’s Repsol signed an agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company Petróleos de Venezuela (PDVSA) related to boosting production in the OPEC country. The agreement is subject to conditions being met, that will […]
Spain’s Repsol moves to gain control of Venezuelan oil operations
HOUSTON, TEXAS (By Reuters, 16.Apr.2026, Words: 341) — Spain’s Repsol has reached a preliminary agreement with the Venezuelan government and state energy firm PDVSA to gain operational control of an oil joint venture in which it remains a minority stakeholder and to boost production. Under Venezuela’s previous hydrocarbons law, all oil […]
Chevron inks energy deals in Delcy’s Venezuela
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Apr.2026, Words: 89) — Venezuela’s interim president Delcy Rodríguez and executives with Chevron Corporation signed agreements in Miraflores Palace to increase energy production through joint ventures with state-owned PDVSA. The president emphasized the alliance guarantees legal security for investors and generates revenue […]
Delcy reaffirms Venezuelan state ownership of PDVSA
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Apr.2026, Words: 215) — Venezuela’s interim president Delcy Rodríguez reaffirmed state ownership of Petróleos de Venezuela S.A. (PDVSA) as key to the OPEC country’s economic and energy stability. During a meeting with labor and business representatives, Rodríguez stated the oil industry will […]
Delcy eyes recovery of assets, resources frozen abroad, downplays PDVSA privatization
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Apr.2026, Words: 182) — Venezuela will create a commission, including representatives from the state and private sector, to evaluate national assets. The commission will oversee evaluation of “the strategic or non-strategic nature of state assets,” Venezuela’s interim president Delcy Rodríguez announced from […]
PRESS DIGEST 27 MAR. 2026: PEMEX oil spill clean up efforts; “Houston, we have a problem”
MONTERREY, MEXICO (By editors with Energy Analytics Institute, 27.Mar.2026, Words: 420) — The following briefs are the top stories from the top media outlets on 27 Mar. 2026 across the Latin America and Caribbean (LAC) region and beyond, as compiled by editors from Energy Analytics Institute (EAI). EAI has not verified […]
Treasury comments on Venezuelan general license, benefits for the US and Venezuela
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 18.Mar.2026, Words: 137) — The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued a license broadly authorizing established US entities to engage in many types of transactions with Venezuela’s state-owned Petróleos de Venezuela, S.A. (PDVSA), and its subsidiaries. The license will […]
ANALYSIS: why $100/bbl oil happened anyway
BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 18.Mar.2026, Words: 770) — If US president Donald Trump’s Iran strategy had worked as envisioned, we would not be staring at $100+ per barrel oil and gasoline near $3.80/gallon. So what went wrong? RELATED ANALYSIS: THE MYTH OF THE QUICK RAMP-UP IN VENEZUELA 1. […]
OFAC issues GL52 related to certain transactions with PDVSA
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 18.Mar.2026, Words: 50) — The US Office of Foreign Assets Control or OFAC issued general license no. 52 authorizing certain transactions involving Petróleos de Venezuela, S.A. (PDVSA). RELATED: DELCY REPLACES VLADIMIR PADRINO LÓPEZ, ANNOUNCES OTHER APPOINTMENTS ____________________ By Chad Archey reporting from Atlanta. […]
ANALYSIS: the myth of the quick ramp-up in Venezuela, and no free barrels
BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Editores Latin Petroleum, 17.Mar.2026, Words: 725) — Oil prices have breached the $100 per barrel mark, while the national average gasoline price in the US reached $3.79/gallon as of 17 Mar. 2026, according to AAA. For ordinary consumers, that’s the headline: fuel is expensive again, and everything tied […]