The deal, made possible by strengthening relations between Venezuela and the United States, is expected to involve nearly $100 billion in investment to commercialize more than 65 billion barrels of P1 reserves in Venezuela.

El acuerdo, posible gracias al fortalecimiento de las relaciones entre Venezuela y Estados Unidos, prevé una inversión cercana a US$100.000 millones para comercializar más de 65.000 millones de barriles de reservas P1 en Venezuela.

The Lake Maracaibo basin, the historic heart of the Venezuelan oil industry, is witnessing a pivotal milestone for the country’s energy recovery: the operational return of the GP-28. More than just a steel structure on the water, this emblematic drilling barge…

In the complex tapestry of global energy, the thread of proven reserves is what ultimately dictates long-term stability and economic influence. For North American Blue Energy Partners (NABEP), our focus on technical excellence and operational strategy is rooted in a clear understanding of where the world’s most significant energy assets lie.

While the global conversation often focuses on the future of energy, it is essential to recognize that the world as we know it—our health, our mobility, and our standard of living—was built on the back of the oil industry. Far from being just a fuel source, hydrocarbons have acted as the primary catalyst for…

For over a century, the name "Venezuela" has been synonymous with vast energy reserves. From the first commercial discoveries in the early 20th century to becoming a founding member of OPEC, the nation’s subsoil has shaped global markets and fueled international development. However, the true story of Venezuelan oil is not just one…