PDVSA

NABEP Hits Record 115,000 bpd in Petrozamora as US Officials Visit

CARACAS – October 28, 2026 -- North American Blue Energy Partners (NABEP) lifted output in Venezuela's Petrozamora oil fields to a record 115,000 barrels per day on Oct. 23, as U.S. State Department officials toured its western and eastern operations to check progress under the company's August agreement with Washington.

State Department officials inspect Lake Maracaibo and Orinoco Belt assets

Chargé d'Affaires John M. Barrett and Daniel Kennedy, Deputy Assistant Secretary of State for Energy and Critical Minerals, visited NABEP sites on Oct. 23 and 24. Kennedy joined NABEP CEO Alejandro Betancourt and PDVSA leadership at the Bachaquero field on Lake Maracaibo, where the group inspected the Bachaquero Lago 2 compression module. Barrett followed that visit from Miraflores Palace in Caracas.

Denarius Holding Commits $400M to Venezuela's CEMA Oil Field

Miami – – September 20, 2026 -- Denarius Holding Group Inc., a Florida-headquartered, U.S.-incorporated energy holding company, disclosed on September 16 a long-term investment to develop the CEMA Oil Field in Anzoátegui State, Venezuela, formerly known as the Petrokariña Oil Field.

Denarius structures the deal through a Venezuelan production-sharing contract

The investment flows through Denarius's principal partnership in Minerosol Group C.A., which has executed a Hydrocarbons Production Participation Contract (CPPH) with state oil company Petróleos de Venezuela, S.A. (PDVSA). The company clarified that this agreement covers the CEMA field in eastern Venezuela and is separate from an existing Petrokariña Joint Venture operating in the west of the country.

Continental Resources Signs MOU with PDVSA for Venezuela's Orinoco Belt

Oklahoma City – September 19, 2026 -- Continental Resources, Inc. has signed a Memorandum of Understanding with Petróleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela's Orinoco Oil Belt, a region holding an estimated 30 billion barrels of resource in place.

Continental targets 126,000-acre block with 100% operating control

The Ayacucho 2 Block sits north of the Orinoco River in Anzoátegui state. Upon execution of a long-term Contrato de Participación Productiva (CPP) agreement, expected in the coming weeks, Continental will hold a 100% working interest and operate the block directly.