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
04Venezuelan crude halves its discount to Brent in two months
In July, the Venezuelan benchmark sold $16.61 below Brent; in September, $8.27. With output nearly flat, the month's gain came from price.
Gas in Venezuela: the country flares more than twice what Perla delivers
Perla, the Eni and Repsol field, covers a third of the domestic market with the country's most expensive gas and is paid by PDVSA in crude. PDVSA Gas says supply is guaranteed; Repsol says the country should not depend on Cardón IV. Meanwhile, the World Bank estimates Venezuela flared 13.5 billion cubic meters in 2025.
Venezuela Upstream July 2026: LOH Regulation drops PDVSA (Gaceta 7,052), Repsol signs Horcón MoU, OFAC amends GL 46C-54A, Brent normalizes to $81
The first comprehensive Hydrocarbons Law regulation since 1943 opens upstream to privates without a mandatory joint venture; the VE Score eases from 94 to 84 on Brent's correction (May $104 → July $81), not regulatory deterioration.
GL 60A — Earthquake Relief Efforts (through April 21, 2027)
Authorizes, through 12:01 a.m. eastern daylight time on April 21, 2027, all transactions related to earthquake relief efforts in Venezuela that would otherwise be prohibited by the Venezuela Sanctions Regulations (31 CFR part 591). Note 1 covers the processing and transfer of funds on behalf of third-country persons and lets U.S. financial institutions and registered money transmitters rely on the originator. It does not unblock blocked property or authorize what other executive orders prohibit. Supersedes GL 60, whose text it repeats except for the expiration date.