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.
Eni has commenced operations at Venezuela’s supergiant Junín-5 heavy oil field in the Orinoco Belt, less than two months after signing a new production agreement, marking a major step in the company’s efforts to expand its upstream activities in the country.
Baker Hughes has signed two strategic agreements to support Venezuela’s energy infrastructure and production growth. The deals include an alliance with PDVSA, Lindsayca and Fulcrum LNG to develop natural gas infrastructure, alongside a memorandum with New Stratus Energy targeting future oil and gas prospects.
Venezuela’s amended Organic Hydrocarbons Law has created new investment opportunities across its oil and gas sector, offering international companies different contractual options for developing heavy-oil reserves, mature fields, offshore gas resources and refining infrastructure.
Sulzer and Venezuela’s state oil company PDVSA have established a long-term agreement to support oil and gas operations as the country prepares for renewed investment and development.
