Venezuela will host its largest international energy investment summit from October 26–29 in Caracas, bringing together US, Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.
Rescue teams continued to search through the rubble of collapsed buildings across Venezuela on Thursday after two powerful earthquakes struck near the capital, Caracas, leaving at least 235 people dead and thousands injured.
High casualties are feared after two powerful earthquakes struck Venezuela's northern coast within less than a minute on Wednesday, collapsing buildings, damaging infrastructure and prompting the government to declare a state of emergency.
Venezuela’s government and General Electric have signed a memorandum of understanding to modernise the national power grid, officials said. The plan targets 1 GW of added capacity within 24 months and more than 5 GW over four years, as authorities move to urgently formalise the agreement.
SLB has signed a long-term framework agreement with Petróleos de Venezuela (PDVSA) to modernise the oil and gas sector, covering exploration, production, digital enablement, and workforce training, strengthening cooperation in field development and operational efficiency.
Qatar Airways has affirmed its expansion in the Americas with the launch of new flight operations to Caracas, Venezuela, and Bogotá, Colombia, commencing from July 22, 2026.
Eni signed a programmatic agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned company PDVSA to relaunch oil activities, specifically at Junin-5 (PDVSA 60 per cent, Eni 40 per cent), located in the Orinoco Belt, a heavy oil field containing 35 billion barrels of certified oil in place.
The United States has taken control of a Russian-flagged oil tanker with links to Venezuela after tracking the vessel across the Atlantic, according to a statement posted on social media by US European Command.
Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the US, US President Donald Trump said, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts.
US President Donald Trump has indicated that further interventions in Latin America is possible, just days after the United States confirmed the capture of Venezuelan President Nicolás Maduro.
