Investors continue to express unease regarding Venezuela's 2026 hydrocarbons law, despite efforts to make it business-friendly, due to its preservation of broad government discretion and the unreformed state of PDVSA.

Delcy Rodríguez has filed a lawsuit in Spain against businessman Aldama concerning the PDVSA envelope case, tasking Baltasar Garzón with leading the legal proceedings.

SLB has announced a partnership with Venezuela's state-owned oil company PDVSA to modernize the country's oil sector using artificial intelligence technologies.

Spanish oil company Repsol has reached an agreement with the Venezuelan government and PDVSA to significantly increase its crude oil production in Venezuela. The company aims to boost output by 50% within 12 months from its current 45,000 barrels per day.

Venezuela's state oil company PDVSA has ratified Asdrubal Chavez as the head of its US units, including Citgo.

The Driver and Vehicle Standards Agency (DVSA) has implemented new MOT rules. These regulations are specifically designed to crack down on the practice of 'ghost MOTs,' where vehicles are falsely certified without proper inspection.

Venezuela's state oil company PDVSA and Spain's Repsol have signed an agreement aimed at increasing oil and gas production in Venezuela.

The United States government has extended its protection for Citgo, the U.S.-based refining arm of Venezuela's state oil company PDVSA, shielding it from creditors. This move aims to preserve the asset for a future democratic Venezuelan government.

Venezuela is preparing to grant oil fields to Chevron to boost production, with Chevron also set to swap assets with PDVSA for expansion in the Orinoco Belt.

Bonds for Venezuela and its state oil company PDVSA saw a significant jump in value following the US decision to waive certain sanctions.

Colombia reports that Venezuela's state oil company PDVSA intends to terminate its pipeline contract with Colombian counterpart Ecopetrol.

The Popular Party (PP) has accused the Spanish Treasury of suspicious leniency towards government allies in the Plus Ultra case, specifically regarding former President Zapatero's associate. This comes after an entrepreneur and Plus Ultra executives' confessions reportedly undermined Zapatero's defense strategy, revealing a 1% 'kickback' and a debt deferral with Venezuelan PDVSA.

Hundreds of driving tests were cancelled days after a major rule change, with the DVSA also removing 17 test reselling apps from major app stores.

Spanish energy company Repsol and Venezuelan state-owned PDVSA have signed an agreement aimed at increasing oil production at their joint venture, Petroquiriquire.

A unit of Reliance Industries has begun loading 2 million barrels of Venezuelan crude oil, directly purchased from PDVSA, after securing a US general license in February 2026.

The United States has issued a broad authorization for transactions involving Venezuela's state oil company, PDVSA, signaling a potential shift in sanctions policy.

Venezuela's state oil company PDVSA announced agreements to supply crude oil and fuels to the American market, stating the deal aims to contribute to the 'stability of the international energy market'.