Through a statement, the Venezuelan state oil company PDVSA announced the activation of the new generation well Petroindependencia, S.A., a subsidiary of the Corporación Venezolana del Petróleo, S.A. (CVP), jointly with the American Chevron.
The measure is part of the 2024 Drilling Campaign and,…
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Commercial exchange between Venezuela and the US grew
Trade between Venezuela and the United States experienced a notable increase of 113 % during the first half of this year compared to the same period in 2022. This rise is largely due to the resumption of Chevron operations in the South…
Oil production increased to 30 million barrels per day
The Organization of the Petroleum Exporting Countries (OPEC) released its monthly report, noting that oil production has risen to 30 million barrels per day, representing an increase of 117,000 barrels per day since January. The additional…
Shell may have moved to the United States
The executive leadership of the Anglo-Dutch oil company Shell came to consider in 2021 the possibility of transferring the headquarters and the listing of the company to the United States, according to knowledgeable sources revealed to the…
Horacio Velutini: Conapri seeks to help an investment environment in Venezuela
In an interview published by Finanzas Digital and with an optimistic message and full of confidence in a progressive economic recovery for Venezuela, Horacio Velutini, director of the National Council for Investment Promotion (Conapri),…
The United States considers easing sanctions against Venezuela
The Treasury Department issued a license on Tuesday to Chevron, the only major US oil company that continues to operate in the South American country, to carry out a possible restart of production, which had ceased under US sanctions,…
Venezuela will produce a maximum of one million oil barrels per day
The economist and oil expert Rafael Quiroz pointed out that the most Venezuela could produce this year is one million barrels per day. In his opinion it is "impossible" for the country to produce 2,000,000 barrels of crude oil per day, as…
Chevron to reactivate operations in Venezuela
United States President Joe Biden authorized Chevron to start the reactivation of its operations in Venezuelan territory and it is estimated that the decision will be formalized this week, within the framework of the talks between the…
Chevron operations in Venezuela extended until 2022
The United States Department of the Treasury extended the operations of the companies Chevron Corporation, Halliburton, Schlumberger Limited, Baker Hughes Holdings LLC and Weatherford International, Public Limited Company until June 1st,…
US extends authorization to Chevron until 2021
The United States Department of the Treasury extended the permit to operate in Venezuela held by Chevron and four other oil companies until June 3, 2021, according to a statement.
The previous deadline for Chevron, which is the only major…