Venezuela
News
July 22, 2026
Fluxus Oil, Gas & Energy has acquired a stake in Venezuela's Petrororaima joint venture through the purchase of A&B Oil and Gas, targeting production growth in the Orinoco Heavy Oil Belt as upstream investment and sanctions relief drive renewed activity in the country.
News
July 21, 2026
The African Energy Chamber is urging global operators and investors to back Venezuela's reopening oil and gas sector, citing regulatory reforms, expanding upstream opportunities and plans to restore production to as much as 3 MMbpd while attracting international investment.
News
July 20, 2026
Lionheart Capital is nearing a proposed $400 million investment in Venezuela's PetroUrdaneta joint venture, a deal that could become one of the first major private upstream investments since U.S. sanctions were eased.
News
July 17, 2026
A London industry showcase scheduled for July 30 will highlight investment opportunities across Venezuela's oil and gas sector ahead of Venezuela Energy Week 2026, bringing together investors, operators and energy executives to discuss upstream development and commercial opportunities.
News
July 09, 2026
Venezuela has introduced sweeping new oil regulations that expand private sector participation across upstream production, refining, marketing and fuel distribution, marking the country's most significant oil policy reform in decades.
News
June 04, 2026
India is seeking deeper energy ties with Venezuela, including expanded crude imports and potential upstream investment opportunities, as the Iran conflict and disruptions to Strait of Hormuz traffic drive efforts to diversify oil supplies.
News
June 02, 2026
Venezuelan Acting President Delcy Rodríguez will meet Indian Prime Minister Narendra Modi as India increases Venezuelan crude imports amid supply disruptions linked to the Iran conflict and continued uncertainty surrounding the Strait of Hormuz.
News
May 26, 2026
ExxonMobil and ConocoPhillips are negotiating potential re-entry into Venezuela’s upstream sector while seeking stronger investment protections, contract stability and mechanisms to recover billions tied to past nationalizations.
News
May 21, 2026
ConocoPhillips CEO Ryan Lance said Venezuela’s revised oil framework still falls short of what international operators need to justify major upstream investment, citing high government take and unfavorable contract terms.
News
May 15, 2026
Venezuela has begun circulating draft oil and gas regulations and proposed contract models outlining fiscal, operational and technical rules for foreign companies seeking to invest in the country’s energy sector.
News
May 10, 2026
Venezuela renewed its territorial claim over Guyana’s oil-rich Essequibo region at the International Court of Justice as offshore developments led by ExxonMobil remain central to the dispute.
News
May 07, 2026
In a keynote presentation at OTC 2026 on Wednesday, May 6, non-resident Fellow of the Baker Institute at Rice University, Luis Pacheco, investigated the changes necessary to see Venezuela’s declining oil output reverse course.
News
April 28, 2026
Eni has signed a deal with PDVSA to restart oil operations at Venezuela’s Junin-5 project, signaling continued momentum in reviving the country’s upstream sector.
News
April 20, 2026
Eni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as production ramps up and sanctions ease.
News
April 13, 2026
Chevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia and advancing development in the Orinoco Belt.
News
April 09, 2026
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures.
News
March 24, 2026
Hedge funds and oil company executives are meeting in Venezuela as the government signals a push to reopen the economy and revive upstream investment, with sanctions relief and PDVSA restructuring key to unlocking production growth.
News
March 04, 2026
The African Energy Chamber has signed a cooperation agreement with Venezuela’s energy ministry and PDVSA to expand upstream investment, gas development and energy trade between Africa and the South American producer.
News
February 27, 2026
Venezuela’s PDVSA and Hydrocarbon Ministry have signed a memorandum of understanding with the African Energy Chamber to strengthen oil and gas investment, upstream cooperation and joint energy development initiatives.
News
February 27, 2026
Venezuela has canceled the auction of assets seized from Halliburton after pressure from the U.S. government, a move seen as clearing the way for the oilfield services giant’s return amid efforts to revive the country’s oil sector under U.S. engagement.
Article
February
Can Venezuela rebuild its oil sector without repeating the mistakes of the past? In this Executive Viewpoint, Texas Railroad Commissioner Wayne Christian argues that a transparent, market-driven regulatory model—not OPEC-style centralized control—offers the most credible path to restoring investment, stability and long-term production growth in the world’s largest resource base.
