Entities / Entity
PDVSA.
Venezuelan government-owned oil company
- Reports this week
- 3
- Active events
- 4
- Connections
- 112
What's happening
Reports per dayLast 90 days
90 days agoDrag either end to show only events that began in that periodToday
Active this week
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INE projects population figures for Maracaibo, highlighting oil's role in the city's economy.Some support1 report
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Marco Rubio discusses oil development talks involving Venezuela and PDVSA, which operates in a country with large oil reserves.Some support3 reports2 developments inside
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Marco Rubio demands stabilization in the oil sector while the IMF forecasts inflation despite PDVSA production.Some support1 report
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Weatherford International is expanding its workforce and services in Venezuela, positioning itself to bid on contracts with PDVSA to restart wells.Some support1 report
Earlier this month
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Eni and PDVSA signed a CPPH agreement for the Junín 5 field, granting Eni the exclusive operator role in Venezuela.Well supported17 reports
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Oil companies are exploiting Lake Maracaibo for oil extraction in the Zulia state of Venezuela.Some support2 reports2 developments inside
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PCEC and Chevron signed agreements with PDVSA to reactivate oilfields in the Cabimas block of Venezuela.Some support1 report1 development inside
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Chevron committed capital to double Venezuelan oil output through agreements with PDVSA.Some support1 report
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Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.Some support1 report1 development inside
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Oil revenue generated by PDVSA funds national imports and budget.Some support1 report
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African Energy Week is scheduled to take place in South Africa, with PDVSA operating from its headquarters in Caracas.Some support1 report1 development inside
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Ricardo Gómez coordinates the sale of Venezuela's hydrocarbons as PDVSA seeks an energy partnership with Africa.Some support2 reports
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Primavera, PDVSA, and ExxonMobil signed production-sharing contracts, while Coinbase co-founded a crypto exchange platform.Some support2 reports
One to three months ago
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Baker Hughes has formed a strategic alliance with PDVSA, the Venezuelan oil company, leveraging its substantial operational footprint in the country.Some support2 reports
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PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Well supported6 reports1 development inside
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The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Some support1 report
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GeoPark Limited signed a production participation contract with PDVSA to operate a bare block in Venezuela.Some support5 reports
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Oil India is pursuing new exploration assets in Venezuela and interacting with the state-run oil company PDVSA.Some support1 report
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AEC is seeking upstream investment in Venezuela and deepening its strategic partnership with the country.Some support1 report2 developments inside
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TotalEnergies signed an energy cooperation agreement with PDVSA, seeking international investment in the Venezuelan energy sector.Some support6 reports
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Ali Moshiri seeks to invest in Venezuela's oil sector, but PDVSA is slowing down his plans amid Trump's push for energy revival.Some support1 report
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PDVSA operates within the Venezuelan state structure.Well supported7 reports2 developments inside
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PDVSA is involved in a principal partnership through Minerosol Group C.A., operating under the current U.S. regulatory framework, with ties to Florida.Some support1 report
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An investigation into oil contracts causing damages involving PDVSA has been launched by Polish entities.Some support1 report1 development inside
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Orlen sought to buy Venezuelan oil despite sanctions.Some support1 report
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A lawsuit was filed against regime officials, including Nicolás Maduro, naming PDVSA as a defendant.Some support1 report1 development inside
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Production woes due to home-grown issues affecting PDVSA operations.Some support1 report
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PDVSA faces transaction prohibitions with North Korea and Cuba, while dispute resolution options are discussed in France and Singapore.Some support1 report
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Delcy Rodríguez led a meeting on September 10th involving Héctor Rodríguez, PDVSA Vice President of Finances Christian Hernández, and José Torres representing the Confederation of Workers of Venezuela.Some support2 reports
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Individuals led a previous PNM government approach, highlighting structural interdependence between resources involving PDVSA and Trinidad and Tobago.Some support1 report
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Vitol and Trafigura are involved in the market where European companies are buying Venezuelan crude oil, which is being offered at a discount to Brent prices.Well supported5 reports1 development inside
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Chevron Corporation is expanding oil production and maintaining its presence in Venezuela despite regional disruptions and complex regulatory environments.Well supported3 reports
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PDVSA, the Venezuelan oil company, has undergone a major restructuring under Hugo Chávez, relegating foreign oil firms to minority partnerships.Some support2 reports
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PDVSA and Eni signed agreements for a production-sharing contract and strategic alliance to restore electrical infrastructure.Some support1 report
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OFAC has created a new investment framework for Venezuelan assets, supported by the U.S. and involving Curaçao.Some support1 report
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An incident involving PDVSA, Gilmar Pisas, and Quincy Girigorie in Curaçao has broken out.Some support1 report
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Delcy Rodriguez leads recovery efforts in Venezuela after Maduro's removal, while Trump pressures Caracas to increase oil output.Well supported8 reports4 developments inside
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Shell has secured preliminary agreements for access and joint ventures within Venezuela's oil sector.Some support2 reports1 development inside
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The Trump administration seeks access to Venezuelan crude reserves as part of ongoing discussions regarding oil output and political recovery.Some support9 reports3 developments inside
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PDVSA is involved in a joint venture with Maha Energy Indiana, Inc., which is managed by KEO Energy.Some support2 reports
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Venezuela carries the burden of PDVSA's sovereign debt default, with its risk benchmarked against U.S. Treasury bonds and compared to Argentina's debt market.Some support1 report
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Amid market shifts like India pulling back, Venezuela continues to ship oil via PDVSA to Europe, relying on China for buyers.Some support1 report
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Venezuela's crude is increasingly bought by India, and ONGC seeks to purchase PDVSA's holdings, while Shell and Repsol are active in the country.Some support2 reports3 developments inside
Gone quiet
No new reports in 90+ days-
On May 10, 2018, a choke point facing Iranian attacks was involved, which was a major refining hub in Venezuela.Some support1 report
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A U.S. Treasury license has been issued allowing specific operations involving PDVSA and Maurel & Prom, operating under the existing sanctions framework.Some support2 reports
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PDVSA, operating in Caracas, is selling crude and spot cargoes to international buyers, including India's refiner Reliance Industries and Phillips 66.Some support3 reports
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OFAC has issued sanctions on Venezuelan entities, including Conviasa and PDVSA, and targets associated with Nicolás Maduro, impacting international transactions.Well supported4 reports2 developments inside
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PDVSA, the state-owned oil company in Venezuela, is exploring the formation of a blank-check company to seek potential investment in its oil field stakes.Some support1 report
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David Rivera secured a $50 million contract with a PDVSA subsidiary while advocating for the interests of Nicolás Maduro.Some support2 reports1 development inside
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PDVSA's debt burden is now comparable to the financial situation of Greece regarding its defaulted bonds.Some support1 report
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An explosion at a rig in the Los Llanos region injured workers, leading to the need for medical assistance and repatriation to Colombia.Some support1 report
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ONGC seeks to acquire stakes in PDVSA and operates in Venezuelan oil fields.Some support35 reports
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Repsol, Eni, and PDVSA signed a strategic agreement and established an MOU for development in the Horcón area.Some support1 report1 development inside
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A signing ceremony took place in Caracas for a new deal between Repsol and PDVSA concerning assets southeast of Lake Maracaibo.Some support1 report
No events began in the chosen period. Widen it, or reset.
What's reaching PDVSA
Events traced to PDVSA, step by step, newest first- PDVSA's oil supply to Cuba has ceased amid energy crisisPDVSA faces operational strain as oil supply to Cuba ceasesLikely
- PDVSA may gain new markets and technical support from Trinidad and TobagoPDVSA may gain access to new markets and technical support from Trinidad and TobagoPossible
- US deal may shift control of Venezuelan oil from PDVSAThe US-backed deal may fundamentally change PDVSA's operational control.Possible
- Power plant restart may stabilize PDVSA's crude operationsPDVSA may see improved operational stability from power plant restartPossible
- Clashes in Venezuela may threaten PDVSA's operational stabilityClashes in Venezuela may threaten PDVSA's operational stability and safetyPossible
- New US oil deals could dismantle PDVSA and increase riskPDVSA faces structural dismantling and increased operational risk from US dealsLikely
See all 16 explainers
- US sanctions may restrict PDVSA's oil exports to CubaUS sanctions could restrict PDVSA's ability to export oil to CubaLikely
- PDVSA's control may shrink as Venezuela opens energy sectorPDVSA's operational control may shrink as Venezuela opens energy sector to foreign firmsPossible
- U.S. control of oil exports may restructure PDVSA's operationsPDVSA's operational control and revenue streams face radical changeLikely
- US oil deal requirements may reshape PDVSA's operational controlUS oil deal requirements may reshape PDVSA's operational controlLikely
- Trump's oil deal may shift control and operations of PDVSATrump's oil deal could shift control and operations of PDVSALikely
- PDVSA sales volume may rise as RIL increases Venezuelan crude purchasesPDVSA's sales volume and revenue may increase from RIL's growing crude demandLikely
- Earthquake damage may disrupt PDVSA's operationsEarthquake damage may disrupt PDVSA's operations across northern VenezuelaPossible
- Planned invasion of Venezuela may threaten PDVSA's assetsPlanned invasion of Venezuela could threaten PDVSA's operational control and assetsPossible
- US access to Venezuelan reserves may reshape PDVSA's roleUS access to Venezuelan reserves could bring capital but challenge PDVSA's controlLikely
- ConocoPhillips Receivership Order Impacts PDVSA OperationsConocoPhillips receivership order impacts PDVSA's assets in JamaicaReported
Explainers that pass through PDVSA
PDVSA is a step on the way to someone elseAround PDVSA this week
News at the entities that move PDVSA most-
Caracas StructuralDemocrats captured the House while Trump leveraged US force over Caracas oil reserves, amid commentary on Iran's resilience.Moves PDVSA
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Eni OperationalMajor energy companies are advancing diverse oil and gas projects across various sub-Saharan African nations, including Namibia, Mozambique, and Tanzania.Moves PDVSA
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state StructuralDissanayake serves as Finance Minister of the government, while Chanakya's principles regarding state power are advocated.Moves PDVSA
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Venezuela StructuralFluor Corporation announced support for energy and industrial sectors in Venezuela.Moves PDVSA
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Donald Trump StructuralNPR investigated a detention plan implemented by the Trump administration, involving DHS policy officials.Moves PDVSA
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Nicolás Maduro StructuralMarco Rubio advocated for US strategy to limit competitor influence in the hemisphere, amid geopolitical competition involving China and Venezuela.Moves PDVSA
Connections
The 40 strongest of 112, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.-
Eni Operational
Eni and PDVSA maintain an active operational partnership through joint ventures and production-sharing contracts for oil development in Venezuela.
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state Structural
PDVSA is a state-owned oil company operating under the control and mandate of the Venezuelan government.
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Venezuela Structural
PDVSA is the state-owned national oil company of Venezuela, mandated to manage the nation's hydrocarbon production and economic interests.
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Donald Trump Structural
Trump's administration secured significant equity and control over PDVSA's oil reserves through major oil deals.
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Héctor Obregón Pérez Structural
A holds the office of President of B, indicating a formal leadership and functional dependency.
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Alex Saab Operational
Alex Saab utilized corruption networks and bribery to secure contracts and influence operations within PDVSA.
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Nicolás Maduro Structural
Nicolás Maduro exercises political and operational control over the state oil company PDVSA.
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ExxonMobil Operational
The relationship is defined by active negotiation, investment talks, and competition for oil sector influence, often complicated by PDVSA's asset seizures.
Show all 40 connections
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Lake Maracaibo Structural
PDVSA's oil extraction operations and infrastructure are physically located within the Lake Maracaibo basin.
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Chevron Corporation Structural
The relationship is formalized through an ongoing joint venture between Chevron and state-owned PDVSA.
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David Rivera Transactional
David Rivera secured a $50 million contract with a subsidiary of PDVSA.
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Continental Resources Transactional
Continental Resources and PDVSA signed an agreement/MOU to collaborate on the development of the Ayacucho 2 project.
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SLB Structural
SLB maintains long-term structural agreements providing technology and services to PDVSA for oil sector modernization and support.
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Delcy Rodriguez Structural
Delcy Rodriguez serves as the Interim President overseeing the state oil company PDVSA.
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Caracas Structural
PDVSA operates from its headquarters in Caracas, establishing a functional dependency on the city as its operational base.
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TotalEnergies Operational
TotalEnergies and PDVSA are engaged in a strategic energy cooperation agreement and MoU.
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Citgo Structural
Citgo is owned through the Venezuelan state oil company, PDVSA.
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Oil and Natural Gas Corporation Operational
ONGC and PDVSA currently share oilfield operations while ONGC actively pursues taking over PDVSA's projects and assets.
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Florida Structural
The two entities are linked through a principal partnership within Minerosol Group C.A.
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Rodríguez Operational
Rodríguez actively participates in internal governance and anti-corruption efforts within PDVSA.
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CORPOELEC Structural
The entities are functionally integrated and jointly involved in the operations of the state oil company.
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Primavera Structural
Primavera holds a production-sharing contract with PDVSA for the Budare-Elotes block.
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Alejandro Betancourt Transactional
Alejandro Betancourt is linked to funds and investigations originating from the state-owned oil company PDVSA.
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Hugo Chávez Structural
Hugo Chávez used his political authority to restructure and regulate PDVSA's operations during his tenure.
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Maracaibo Structural
Maracaibo's economy is structurally dependent on the oil production provided by PDVSA.
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Eduardo Pinto Structural
Eduardo Pinto serves as the Vice President for exploration at PDVSA.
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U.S. Treasury Structural
The U.S. Treasury controls PDVSA's international operations through the application of the U.S. sanctions framework.
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Baker Hughes Operational
PDVSA and Baker Hughes are engaged in a strategic alliance focused on joint gas production and oil infrastructure development.
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Rafael Ramírez Structural
Rafael Ramírez served as the former head of PDVSA.
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ConocoPhillips Operational
The relationship is characterized by PDVSA taking control of and seizing oil projects from ConocoPhillips amidst stalled negotiations.
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Ricardo Gómez Transactional
Ricardo Gómez is coordinating the sale of hydrocarbons belonging to PDVSA.
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Mobil Operational
Mobil is actively negotiating potential market entry into the Venezuelan oil sector with PDVSA.
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central bank Structural
PDVSA's oil revenue is used to fund national imports and budget, structurally influencing the central bank's financial management.
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Vitol Operational
Vitol actively engages in market interactions, specifically bidding for discounted crude oil supplied by PDVSA.
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Brent Shared context
PDVSA's crude oil pricing is explicitly benchmarked against the Brent global oil price standard.
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Middle East Operational
PDVSA's operational status influences global oil supply chains and pricing dynamics within the broader Middle East market context.
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Phillips 66 Transactional
Phillips 66 has initiated purchases of spot cargoes from PDVSA.
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Halliburton Operational
The two entities are currently engaged in active business discussions regarding the provision of equipment and services.
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Ali Moshiri Operational
PDVSA is actively interfering with Ali Moshiri's investment plans.
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Bare Structural
Bare is a heavy-oil field asset within the operational scope of PDVSA.
History
Events by the month they beganNovember 2026
3 events- INE projects population figures for Maracaibo, highlighting oil's role in the city's economy.
- Marco Rubio demands stabilization in the oil sector while the IMF forecasts inflation despite PDVSA production.
- Weatherford International is expanding its workforce and services in Venezuela, positioning itself to bid on contracts with PDVSA to restart wells.
October 2026
5 events- PCEC and Chevron signed agreements with PDVSA to reactivate oilfields in the Cabimas block of Venezuela.
- Chevron committed capital to double Venezuelan oil output through agreements with PDVSA.
- Oil revenue generated by PDVSA funds national imports and budget.
- Ricardo Gómez coordinates the sale of Venezuela's hydrocarbons as PDVSA seeks an energy partnership with Africa.
- Baker Hughes has formed a strategic alliance with PDVSA, the Venezuelan oil company, leveraging its substantial operational footprint in the country.
September 2026
17 events- Eni and PDVSA signed a CPPH agreement for the Junín 5 field, granting Eni the exclusive operator role in Venezuela.
- Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.
- Primavera, PDVSA, and ExxonMobil signed production-sharing contracts, while Coinbase co-founded a crypto exchange platform.
- The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.
- GeoPark Limited signed a production participation contract with PDVSA to operate a bare block in Venezuela.
- Oil India is pursuing new exploration assets in Venezuela and interacting with the state-run oil company PDVSA.
- TotalEnergies signed an energy cooperation agreement with PDVSA, seeking international investment in the Venezuelan energy sector.
- Ali Moshiri seeks to invest in Venezuela's oil sector, but PDVSA is slowing down his plans amid Trump's push for energy revival.
- PDVSA is involved in a principal partnership through Minerosol Group C.A., operating under the current U.S. regulatory framework, with ties to Florida.
- An investigation into oil contracts causing damages involving PDVSA has been launched by Polish entities.
- Orlen sought to buy Venezuelan oil despite sanctions.
- Production woes due to home-grown issues affecting PDVSA operations.
- PDVSA faces transaction prohibitions with North Korea and Cuba, while dispute resolution options are discussed in France and Singapore.
- Delcy Rodríguez led a meeting on September 10th involving Héctor Rodríguez, PDVSA Vice President of Finances Christian Hernández, and José Torres representing the Confederation of Workers of Venezuela.
- Individuals led a previous PNM government approach, highlighting structural interdependence between resources involving PDVSA and Trinidad and Tobago.
- Chevron Corporation is expanding oil production and maintaining its presence in Venezuela despite regional disruptions and complex regulatory environments.
- PDVSA and Eni signed agreements for a production-sharing contract and strategic alliance to restore electrical infrastructure.
Show 3 earlier months
August 2026
11 events- Marco Rubio discusses oil development talks involving Venezuela and PDVSA, which operates in a country with large oil reserves.
- African Energy Week is scheduled to take place in South Africa, with PDVSA operating from its headquarters in Caracas.
- AEC is seeking upstream investment in Venezuela and deepening its strategic partnership with the country.
- OFAC has created a new investment framework for Venezuelan assets, supported by the U.S. and involving Curaçao.
- An incident involving PDVSA, Gilmar Pisas, and Quincy Girigorie in Curaçao has broken out.
- Shell has secured preliminary agreements for access and joint ventures within Venezuela's oil sector.
- The Trump administration seeks access to Venezuelan crude reserves as part of ongoing discussions regarding oil output and political recovery.
- PDVSA is involved in a joint venture with Maha Energy Indiana, Inc., which is managed by KEO Energy.
- Venezuela carries the burden of PDVSA's sovereign debt default, with its risk benchmarked against U.S. Treasury bonds and compared to Argentina's debt market.
- Amid market shifts like India pulling back, Venezuela continues to ship oil via PDVSA to Europe, relying on China for buyers.
- On May 10, 2018, a choke point facing Iranian attacks was involved, which was a major refining hub in Venezuela.
July 2026
7 events- A lawsuit was filed against regime officials, including Nicolás Maduro, naming PDVSA as a defendant.
- Vitol and Trafigura are involved in the market where European companies are buying Venezuelan crude oil, which is being offered at a discount to Brent prices.
- PDVSA, the Venezuelan oil company, has undergone a major restructuring under Hugo Chávez, relegating foreign oil firms to minority partnerships.
- A U.S. Treasury license has been issued allowing specific operations involving PDVSA and Maurel & Prom, operating under the existing sanctions framework.
- PDVSA, operating in Caracas, is selling crude and spot cargoes to international buyers, including India's refiner Reliance Industries and Phillips 66.
- PDVSA, the state-owned oil company in Venezuela, is exploring the formation of a blank-check company to seek potential investment in its oil field stakes.
- PDVSA's debt burden is now comparable to the financial situation of Greece regarding its defaulted bonds.
June 2026
11 events- Oil companies are exploiting Lake Maracaibo for oil extraction in the Zulia state of Venezuela.
- PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.
- PDVSA operates within the Venezuelan state structure.
- Delcy Rodriguez leads recovery efforts in Venezuela after Maduro's removal, while Trump pressures Caracas to increase oil output.
- Venezuela's crude is increasingly bought by India, and ONGC seeks to purchase PDVSA's holdings, while Shell and Repsol are active in the country.
- OFAC has issued sanctions on Venezuelan entities, including Conviasa and PDVSA, and targets associated with Nicolás Maduro, impacting international transactions.
- David Rivera secured a $50 million contract with a PDVSA subsidiary while advocating for the interests of Nicolás Maduro.
- An explosion at a rig in the Los Llanos region injured workers, leading to the need for medical assistance and repatriation to Colombia.
- ONGC seeks to acquire stakes in PDVSA and operates in Venezuelan oil fields.
- Repsol, Eni, and PDVSA signed a strategic agreement and established an MOU for development in the Horcón area.
- A signing ceremony took place in Caracas for a new deal between Repsol and PDVSA concerning assets southeast of Lake Maracaibo.