Energy firms visiting Venezuela were told to bring their own generation to power oil and gas operations to avoid frequent blackouts from a poorly maintained national grid, reports say. A new draft of Venezuela’s petroleum law would require power self-sufficiency in hydrocarbon extraction areas and contemplates allowing private firms to sell electricity to oil developers; leaked documents indicate companies would be required to use off-grid systems to avoid burdening the fragile grid.

2026-06-03

Energy firms visiting Venezuela were told to bring their own generation to power oil and gas operations to avoid frequent blackouts from a poorly maintained national grid, reports say. A new draft of Venezuela’s petroleum law would require power self-sufficiency in hydrocarbon extraction areas and contemplates allowing private firms to sell electricity to oil developers; leaked documents indicate companies would be required to use off-grid systems to avoid burdening the fragile grid.