Tag: PDVSA

• Tuesday, September 1st 2026 - 09:23 UTC

  The Venezuelan oil concession goes to Alejandro Betancourt's firm, under investigation in Europe

  

  The White House on Monday identified the company that will operate seventeen Venezuelan oil fields for a century in partnership with the US government: North American Blue Energy Partners, owned by Venezuelan businessman Alejandro Betancourt, who is under investigation in Switzerland and Spain over his alleged involvement in a scheme to launder funds from the state oil company PDVSA. There is no conviction against him.

• Saturday, August 29th 2026 - 04:58 UTC

  The US will control 55% of output from the new oil company in Venezuela

  

  US President Donald Trump announced on Friday an agreement with Venezuela's interim government granting Washington majority control over more than 65 billion barrels of proven Venezuelan crude reserves, around 21% of the country's total. Acting president Delcy Rodríguez confirmed the deal.

• Friday, August 28th 2026 - 14:15 UTC

  Washington negotiates stakes in Venezuelan oil fields with leases of up to a century

  

  The United States government is negotiating with Venezuela's interim administration to acquire stakes in a group of the South American country's oil fields, under arrangements that would include leases of up to a hundred years, the outlets Axios and Bloomberg reported on Thursday citing unnamed senior US officials.

• Tuesday, April 7th 2026 - 12:28 UTC

  Chavismo and opposition faction seek judicial pause to shield Citgo and PDVSA assets

  

  Lawyers representing Delcy Rodríguez's government and those of the opposition sector that has controlled Venezuelan assets in the United States since 2019 jointly asked a New York court for a 45-day suspension in a case where international creditors are seeking to seize funds linked to Petróleos de Venezuela (PDVSA).

• Thursday, March 12th 2026 - 02:50 UTC

  U.S. formalizes before court its recognition of Delcy Rodríguez as Venezuela’s state authority

  

  The U.S. government has formally recognized Delcy Rodríguez before a federal court in New York as the Venezuelan authority empowered to act on behalf of the state, giving legal effect to the diplomatic shift toward Caracas announced last week. The move appears in a “statement of interest” filed on March 10 in response to a court order on who legally represents Venezuela in ongoing litigation in U.S. courts.

• Friday, February 13th 2026 - 18:53 UTC

  US lifts key curbs on Venezuelan oil, clearing Repsol and other majors to operate

  

  Washington has issued new authorizations that allow oil-and-gas-related transactions in Venezuela for companies including BP, Chevron, Eni, Repsol and Shell, in a shift that could unlock stalled projects and settle payments previously constrained by US sanctions.

• Tuesday, January 27th 2026 - 09:55 UTC

  Delcy Rodriguez meets Repsol, Chevron and Shell as Venezuela pushes oil law overhaul to draw investment

  

  Venezuela’s acting president Delcy Rodriguez met on Monday in Caracas with representatives of oil companies including Repsol, Chevron and Shell to discuss a hydrocarbons law reform now moving through the National Assembly, as her government seeks to attract private and foreign investment. The meeting took place at PDVSA facilities and forms part of a mandatory public consultation phase after the bill cleared its first legislative debate.

• Friday, January 23rd 2026 - 19:29 UTC

  Chavismo pushes oil-law reform to open Venezuela’s upstream to private firms

  

  Venezuela’s National Assembly has approved, in a first reading, a reform to the country’s Hydrocarbons Law that would expand private participation in crude production and marketing—an important shift from the long-running “mixed-company” model in which the state held majority stakes. The bill still requires a second reading before it can become law, EFE reported.

• Wednesday, January 7th 2026 - 19:05 UTC

  PDVSA confirms negotiations with US for crude sales amid post-Maduro energy realignment

  

  Venezuela’s state oil company PDVSA confirmed on Tuesday that it is currently engaged in negotiations with the United States for the sale of crude oil volumes, framing the talks as a strictly commercial transaction.

• Wednesday, December 17th 2025 - 21:23 UTC

  Venezuela's PDVSA vows to continue global oil exports

  

  Venezuela’s state-owned oil company PDVSA declared Wednesday that its export operations remain fully functional, signaling a defiant stance against a newly announced naval blockade by US President Donald Trump.