AGP Executive Report
Last update: an hour agoOilfield Services: Weatherford has joined Venezuela Energy Week 2027 as a platinum sponsor and is expanding its local workforce ahead of expected contracts. It expects its first deals by year-end, focused on artificial lift and well interventions. Energy Investment: Venezuela is courting foreign investors after reforms opened more oil-sector activity to private participation. Chevron plans to invest $7 billion to raise output to 600,000 barrels a day over seven years, while NABEP has restarted an Orinoco Belt furnace and expanded its rig fleet. Metals Trade: Venezuela is negotiating a second aluminum shipment to the United States, following a 15,000-ton cargo delivered to New Orleans in September. The talks point to renewed interest in state-owned Venalum and the country’s mining sector. Portugal Partnership: At a Caracas business forum, Portuguese officials offered investment and expertise in food, healthcare, technology services, tourism, construction and infrastructure. Water Services: HIDROVEN completed repairs to the Tuy III pipeline in Miranda state and began testing ahead of a gradual water-supply restoration for Tuy and Greater Caracas.
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