Venezuela Energy Week 2026: the summit of Venezuela's energy reopening
From October 26 to 29, Caracas convenes for the first time the capital, operators and authorities of the region's largest energy reopening. The main bottleneck —the power grid— now has a framework: the new oil law would require every project to self-generate, and the National Assembly opened the electricity sector to private investment. The constraint becomes an investment vertical.
From October 26 to 29, Caracas convenes for the first time the capital, operators and authorities executing the region's largest energy reopening: the world's largest reserves, a 3-million-barrel-per-day target and up to US$100 billion in investment. The main bottleneck —the power grid— just got a framework: the new oil law would require every project to generate its own power, and the National Assembly opened the electricity sector to private investment. The constraint is turning into an investment vertical of its own.
From October 26 to 29, 2026, Caracas hosts the first Venezuela Energy Week at the Simón Bolívar Convention Center, organized by Energy Capital & Power —a firm that produces energy-investment conferences across frontier markets, chiefly in Africa and Latin America— with the backing of the Ministry of Hydrocarbons and PDVSA. The agenda spans exploration and production, refining, natural-gas monetization, infrastructure, AI-driven field management and workforce development.
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FURTHER READING
04Pacific Coast Energy promises to double crude output at two PDVSA blocks claimed by former partners
On July 30 the company said it was finalizing the contracts; on October 7 it confirmed it runs both blocks with full operational control. Its release mentions no OFAC license and none of the partners claiming the fields.
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Venezuela Upstream July 2026: LOH Regulation drops PDVSA (Gaceta 7,052), Repsol signs Horcón MoU, OFAC amends GL 46C-54A, Brent normalizes to $81
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GL 48D — Supply of Goods and Services to Venezuela
Authorizes the supply from the U.S. or by a U.S. person of goods, technology, software or services for oil, gas and petrochemical exploration, development and production —including maintenance and repair of equipment—, and for electricity generation, transmission, storage and distribution in Venezuela. As of September 28, 2026, the petrochemical annex lists methanol. The formation of new joint ventures remains outside the license. Supersedes GL 48C.