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
04The law governing a contract with PDVSA stops being decided in Washington
Since January the U.S. permit required that contract to be drafted under the law of a U.S. state. Eight licenses rewritten yesterday strike the requirement and leave standing only the seat where a dispute is fought: the United States, the United Kingdom, France or Singapore.
OFAC licenses in Venezuela: contracts with PDVSA no longer need U.S. governing law
The requirement arrived in January, loosened in June and vanishes today from eight licenses at once. What did not move in those seven months: the seat of disputes, the routing of payments through the Treasury, and the same six oil companies cleared to operate.
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 52B — Transactions Involving Petróleos de Venezuela, S.A.
Authorizes an established U.S. entity to engage with PdVSA and its entities in transactions otherwise prohibited by E.O. 13884 and 13850. As of August 27, 2026, the contract must only route disputes to the U.S., U.K., France, or Singapore; Treasury payment routing remains. Preserves the E.O. 13808 prohibitions on bonds and debt. Supersedes GL 52A.