deals

Caracas, May 5, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez called US President Donald Trump a “man of action” and reiterated her commitment to long-term relations with Washington during a ceremony at Miraflores Palace on May 1.

Rodríguez received a delegation of US officials and business executives led by Jarrod Agen, executive director of the Trump administration’s National Energy Dominance Council.

“Please tell President Trump, who is a man of action, that in Venezuela there are men and women of action, but also of their word,” she told the US guests during a televised broadcast. “And we have made a commitment to build solid, long-term relations between the US and Venezuela.”

For his part, Agen first referred to Trump as a “man of action” and claimed that US-Venezuela relations are currently moving at “Trump speed” and that the White House is looking to promote oil, gas, and mining investments in the Caribbean nation.

The public statements followed the signing of contracts with Overseas Oil Company and Crossover Energy Holding for oil and gas projects in Anzoátegui, Barinas, and Monagas states, with investments of up to US $2 billion planned. Venezuelan authorities provided no details about the ventures, with Rodríguez only stating that the natural gas output would be used to strengthen the country’s electricity generation.

According to Argus Media, the two corporations will “work with” Venezuelan state oil company PDVSA on extra-heavy crude projects in the Orinoco Oil Belt. Venezuela’s recent pro-business overhaul of the Hydrocarbon Law allows PDVSA to lease out projects in exchange for a portion of the output.

While Crossover Energy does not have a track record of any past energy initiatives, Overseas Oil is a subsidiary of Hunt Oil, a 90-year-old company founded by Texas magnate H.L. Hunt. Hunt Oil previously used its close ties to the George W. Bush administration to secure oil contracts in Iraqi Kurdistan following the 2003 US invasion.

The latest oil agreements follow major energy deals struck by Chevron, Eni, Repsol, and Shell under the favorable conditions of the reformed Hydrocarbon Law, which include expanded control over operations and sales as well as reduced taxes and royalties.

On May 1, the acting Rodríguez administration also signed a memorandum of understanding in the mining sector with the US’ Heeney Capital and Switzerland’s Mercuria Energy Group.

In a statement, Mercuria, one of the world’s largest commodity traders with a history of involvement in international mining projects, explained that it had entered into “a series of strategic offtake agreements” to purchase around $2.2 billion a year of Venezuelan bulk commodities and gold. 

“The transactions align with ongoing efforts by US authorities to encourage responsible foreign investment in Venezuela’s extractive industries and to facilitate offtake structures that prioritize supply to Western markets,” the communiqué read.

Mercuria and Heeney likewise expressed interest in aluminum, nickel, and ferrous products “opportunities” that could represent a further $3 billion in annual exports.

Heeney co-founder and partner Sean Pi, who signed the agreement on behalf of the foreign companies, thanked Trump for his “leadership” in defending US access to critical minerals. Pi testified before the US House of Representatives in February to back legislative initiatives deregulating and streamlining mining projects to bolster the US supply of critical minerals.

Venezuelan Mining Minister Héctor Silva hailed the deal a “first step for the strengthening of mining ties between the US and Venezuela.” The Venezuelan National Assembly recently approved a new Mining Law that establishes incentives for Western conglomerates to exploit the South American country’s vast mineral resources.

The US delegation for the energy and mining deals with Caracas arrived on board the first direct flight between the US and Venezuela. American Airlines will hold a daily Miami-Caracas connection and will add a second one beginning on May 21 due to high demand.

US Chargé d’Affaires in Venezuela John Barrett held a ribbon-cutting ceremony alongside Venezuelan Transport Minister Jacqueline Faría to mark the resumption of the direct flights. 

Addressing reporters, Barrett stated that the reestablished air connection was a “milestone” and a “clear sign that Venezuela is open for business.”

Caracas and Washington fast-tracked a diplomatic rapprochement in the wake of the January 3 US military strikes and kidnapping of President Nicolás Maduro. Acting President Rodríguez has hosted several White House officials and touted investment opportunities for US corporations. For its part the Trump administration has issued sanctions waivers allowing select Western companies to participate in the Venezuelan energy and mining sectors but imposing control over Venezuelan export revenues.

Edited by Lucas Koerner in Caracas.

Caracas, April 29, 2026 (venezuelanalysis.com) – The Venezuelan government signed new energy agreements with energy conglomerates British Petroleum (BP) and Eni in separate ceremonies at Miraflores Presidential Palace.

On Wednesday, Acting President Delcy Rodríguez signed a memorandum of understanding (MOU) to develop the Cocuina-Manakin field, an offshore natural gas project shared between Venezuela and Trinidad and Tobago.

“The return of BP [to Venezuela] is a ⁠clear sign of the future we want to chart for Venezuela and for ​international energy relations,” she said during a live broadcast. “May we have cooperation grounded in a win-win approach and ​shared benefits.”

BP was represented by its Trinidad and Tobago director David Campbell. The Cocuina-Manakin field holds an estimated 1 trillion cubic feet (Tcf) of natural gas, split 34-66 between Caracas and Port of Spain.

Following Wednesday’s agreement, the London-based multinational will additionally explore opportunities in the 7.3 Tcf Loran field, which is also part of a cross-border reserve shared with Trinidad. Both Cocuina and Loran are part of Venezuela’s Deltana Platform, a largely unexplored gas deposit on the country’s eastern maritime border.

Venezuela had suspended all energy projects involving Trinidad and Tobago over its neighbor’s support for the US military escalation in the Caribbean. Following January 3, the acting Rodríguez administration reengaged with Port of Spain, while extending overtures to BP and Shell in an effort to reopen the projects.

The BP agreement came on the heels of another high-profile ceremony at Miraflores on Tuesday that saw Rodríguez extend a “special welcome” to Eni CEO Claudio Descalzi and other executives. In what she called a “milestone in the relations” between Venezuela and the Italian corporation, Rodríguez announced that Eni is planning “one of the largest investments” in the Venezuelan oil sector. 

The contract establishes conditions to relaunch the exploration of the 425 square-kilometer Junín-5 block of Venezuela’s Orinoco Oil Belt. The Junín-5 is estimated to contain 35 billion barrels of extra-heavy oil in place, though only a fraction will be recoverable.

For his part, Descalzi indicated that the signed deal created conditions to “accelerate development” of Junín-5 activities and that the company would finalize its investment plan by the end of the year.

The Junín-5 block was assigned in the late 2000s to Petrojunín, a joint venture where Venezuelan state oil company PDVSA and Eni held 60 and 40 percent of shares, respectively. Crude extraction began in 2013 but did not hit the established targets, hovering around 10,000 barrels per day (bpd) by the end of the 2010s.

The BP and Eni agreements were crafted under Venezuela’s recently overhauled Hydrocarbon Law, which introduces a series of pro-business incentives while curtailing state control over the energy sector.

Under the new law, minority partners can directly manage oilfield operations and sales, whereas in the prior framework that was PDVSA’s exclusive prerogative. Additionally, private companies can have royalties, income tax, and other fiscal contributions slashed at the government’s discretion as well as bring eventual disputes to international arbitration bodies.

In March, Eni, alongside Spain’s Repsol, inked a contract to further development of the Cardón IV offshore natural gas project. The European companies each own 50 percent stakes in the venture and recently announced plans to increase output by roughly 10 percent in the short term.

Eni, which has around 30 percent of its shares owned by the Italian state, is also a minority stakeholder in Petrosucre, a joint venture that operates the Corocoro offshore oilfield. In 2025, the ventures with Eni participation produced an average of 64,000 barrels of oil equivalent per day.

Alongside BP, Eni, and Repsol, Chevron and Shell have likewise struck new deals in recent weeks under the favorable conditions of the hydrocarbon reform. Chevron increased its stake in the Petroindependencia joint venture, while its Petropiar project with PDVSA was assigned a new drilling block in the Orinoco Belt. For its part, Shell will take over light and medium crude projects in Eastern Venezuela and several offshore natural gas initiatives. The company had also expressed interest in the Loran field.

The acting Rodríguez administration has actively courted foreign investment into the South American country’s energy and mining sectors, with leaders openly acknowledging the incorporation of “suggestions” and “recommendations” from Western conglomerates into the recent reform.

Alongside multiple delegations of corporate executives, Rodríguez has also hosted Trump officials, including Energy Secretary Chris Wright and Interior Secretary Doug Burgum, ahead of the recent hydrocarbon and mining reforms.

Last week, newly appointed US Chargé d’Affaires John Barrett stated that Washington’s goal is to “place the private sector at the center of Venezuela’s transformation” during a meeting with the Venezuelan-American Chamber of Commerce and Industry (VENAMCHAM).

Since the January 3 military strikes and kidnapping of Venezuelan President Nicolás Maduro, the Trump administration has issued multiple licenses to facilitate the return of Western conglomerates to the Venezuelan energy and mining sectors.

The licenses mandate that all royalty, tax, and dividend payments be made into accounts run by the US Treasury. Caracas and Washington recently announced the hiring of external auditors to oversee the flow of the US-controlled Venezuelan resources.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Note: The report was amended on Wednesday night to incorporate the BP agreement.

Caracas, April 29, 2026 (venezuelanalysis.com) – The Venezuelan government signed new energy agreements with Italian conglomerate Eni in a ceremony at Miraflores Presidential Palace on Tuesday.

Acting President Delcy Rodríguez extended a “special welcome” to Eni CEO Claudio Descalzi and other executives, who were joined by Oil Minister Paula Henao and state oil company PDVSA President Héctor Obregón.

“We are witnessing a very important moment, a milestone in the relations between Eni and Venezuela,” Rodríguez affirmed, adding that Eni is planning “one of the largest investments” in the Venezuelan oil sector. 

The contract establishes conditions to relaunch the exploration of the 425 square-kilometer Junín-5 block of Venezuela’s Orinoco Oil Belt. The Junín-5 is estimated to contain 35 billion barrels of extra-heavy oil in place, though only a fraction will be recoverable.

For his part, Descalzi described the top-level ceremony as a “great honor.” He indicated that the signed deal created conditions to “accelerate development” of Junín-5 activities and that the company would finalize its investment plan by the end of the year.

The Junín-5 block was assigned in the late 2000s to Petrojunín, a joint venture where PDVSA and Eni held 60 and 40 percent of shares, respectively. Crude extraction began in 2013 but did not hit the established targets, hovering around 10,000 barrels per day (bpd) by the end of the 2010s.

The revamped agreement was crafted under Venezuela’s recently overhauled Hydrocarbon Law, which introduces a series of pro-business incentives while curtailing state control over the energy sector.

Under the new law, minority partners can directly manage oilfield operations and sales, whereas in the prior framework that was PDVSA’s exclusive prerogative. Additionally, private companies can have royalties, income tax, and other fiscal contributions slashed at the government’s discretion as well as bring eventual disputes to international arbitration bodies.

In March, Eni, alongside Spain’s Repsol, inked a contract to further development of the Cardón IV offshore natural gas project. The European companies each own 50 percent stakes in the venture and recently announced plans to increase output by roughly 10 percent in the short term.

Eni, which has around 30 percent of its shares owned by the Italian state, is also a minority stakeholder in Petrosucre, a joint venture that operates the Corocoro offshore oilfield. In 2025, the ventures with Eni participation produced an average of 64,000 barrels of oil equivalent per day.

Alongside Eni and Repsol, Chevron and Shell have likewise struck new deals in recent weeks under the favorable conditions of the hydrocarbon reform. Chevron increased its stake in the Petroindependencia joint venture, while its Petropiar project with PDVSA was assigned a new drilling block in the Orinoco Belt. For its part, Shell will take over light and medium crude projects in Eastern Venezuela and several offshore natural gas initiatives.

The acting Rodríguez administration has actively courted foreign investment into the South American country’s energy and mining sectors, with leaders openly acknowledging the incorporation of “suggestions” and “recommendations” from Western conglomerates into the recent reform.

Alongside multiple delegations of corporate executives, Rodríguez has also hosted Trump officials, including Energy Secretary Chris Wright and Interior Secretary Doug Burgum, ahead of the recent hydrocarbon and mining reforms.

Last week, newly appointed US Chargé d’Affaires John Barrett stated that Washington’s goal is to “place the private sector at the center of Venezuela’s transformation” during a meeting with the Venezuelan-American Chamber of Commerce and Industry (VENAMCHAM).

On Monday, Barrett was a keynote speaker at a Venezuelan Oil Chamber (CPV) event and hailed US “innovative investment” as the key to “turn Venezuela into a global energy hub.”

Since the January 3 military strikes and kidnapping of Venezuelan President Nicolás Maduro, the Trump administration has issued multiple licenses to facilitate the return of Western conglomerates to the Venezuelan energy and mining sectors.

The licenses mandate that all royalty, tax, and dividend payments be made into accounts run by the US Treasury. Caracas and Washington recently announced the hiring of external auditors to oversee the flow of the US-controlled Venezuelan resources.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Home Bargains is selling a £5 travel organiser for ‘hassle-free holidays’

Travel fans can keep their holiday essentials organised with a £5 Home Bargains storage item. Most high street stores are stocking new lines in time for summer, and Home Bargains could have just the thing for holidaymakers.

The discount retailer has updated its travel range ahead of the summer holidays – and there’s a ‘compact’ travel organiser that could impress jet-setters. Whether customers are travelling solo or with family, the product could help shoppers to ‘stay organised on the go’.

Home Bargains says the £4.99 Travel Hanging Organiser is ‘compact and practical’ for holidays. The product description explains: “Stay organised on the go with the Travel Hanging Organiser from the Simple family, featuring 24 mesh pockets and four hooks for versatile, compact storage wherever your holiday takes you.” The description says the design is “compact and practical for hassle-free holidays.”

Alternatively, travel lovers could shop the store’s selection of travel pouches and laundry bags if they prefer a different way to keep their items organised. For shoppers looking for bags, the retailer sells a set of three Travel Mesh Pouch Organisers for £1.99.

There are several colour options available. The product description for the blue pack says: “Keep your travel essentials neat with this lightweight three-pack of blue mesh pouches in small, medium, and large sizes—ideal for effortless packing on the go.”

For shoppers looking to simplify their packing for the return trip, there’s also a £1.99 Travel Laundry Bag, which could be ideal for separating clean and dirty clothing. Home Bargains says: “Keep your dirty laundry organised on the go with this simple, roomy Travel Laundry Bag featuring a handy drawstring design for easy packing and unpacking. Perfect for stress-free travel.”

Elsewhere, Dunelm also offers a travel range, including items that could be considered rivals to Home Bargains products. For £10, Dunelm shoppers can get a set of seven Travel Storage Packing Cubes to keep their belongings organised.

The product description says: “Organise your travels with our Seven Piece Travel Storage Bag – its stylish grey colourway and sleek design make packing a breeze. Lightweight and easy to carry, this set is water repellent and boasts a large capacity to accommodate all your essentials. Plus, for your convenience, it’s machine washable, ensuring a hassle-free journey from start to finish.”

Rating their purchase, a Dunelm shopper wrote: “I have just got back from a trip where I used these travel bags for the first time and am really happy with them. There is a good variety of styles and sizes and they are better made than I expected for the very reasonable price.

“They definitely helped me keep my suitcase organised over a two week holiday. The only thing I will do next time is attach tags to the zips to remind me what is in which bag.”

Another reviewer said: “On my last holiday, my case was a mess and my friend had these bags and everything was organised and stress free! I can’t wait to go on holiday and try them out!”

B&M is selling the XL set ‘perfect for suitcases, backpacks, and carry-on luggage’

B&M shoppers can save space in their cabin baggage and suitcases with a £6 set. Known for selling budget-friendly accessories, the retailer is stocking the travel items ahead of the summer holidays. The bargain chain is selling a new pack of XL packing cubes in stores now.

For shoppers interested in the Beach Club XL Packing Cubes, the four-piece set could help to ‘simplify packing’. There are also three colours available, so families looking to streamline their luggage can each choose their own set to separate their outfits.

The product description says: “Simplify packing for your next trip with our space-saving Beach Club XL Packing Cubes. Great for organising and separating outfits and accessories. Perfect for suitcases, backpacks, and carry-on luggage.”

B&M is stocking a selection of travel accessories ahead of the summer holidays. For shoppers looking for more packing cubes, there’s also a pack of six Travel Packing Cubes for £5. The description explains: “This set includes six packing cubes in various sizes, great for separating outfits and accessories with ease, and for maximising your storage space.”

The retailer also sells small accessories such as travel pillows, suitcase locks, and adapter sets. Meanwhile, shoppers looking for luggage items, including cabin bags and suitcases, could be in luck.

B&M’s current selection includes a £15 Excel Foldable Cabin Case and a £55 Havana Suitcase. The product description for the cabin case says: “Designed for your next getaway, this stylish Foldable Cabin Case is built to make travelling a breeze. Features an adjustable handle and plenty of space for your trip away, whether for work or leisure.”

For holidaymakers looking for more options, there are several budget-friendly retailers such as Home Bargains and Dunelm selling travel accessories. For instance, Dunelm sells £12 Sophie Robinson Packing Cubes.

Dunelm says: “These colourful cubes are the perfect way to sort and store your essentials, making packing and unpacking a breeze. With vibrant prints that add a dash of fun, they’re the ideal match for the coordinating luggage from this collection (sold separately).”

The set is popular with reviewers, with 4.8 out of five stars online. One happy shopper said: “I love the patterns, they are really pretty and make me smile. Much easier to spot which one you need. I spent ages looking for some which didn’t cost too much but were good quality.”

Another fan wrote: “Really nice quality and love the colours – makes a difference to other more boring cubes on the market. Took them on holiday and had no issues, zips worked well and I fit lots of clothes inside.”

Someone else replied: “These colourful packing cubes are delightful. Fit beautifully in my case, smooth zip and easy to wash.”

The airline shared advice for passengers looking for the best deal on their holiday

Jet2 has issued a message for customers, letting them know that holiday prices can go up or down ‘at any time during booking’. The advice could be helpful for anyone looking for a deal on their next getaway, so customers don’t miss out on any offers.

The package holiday provider has explained that it uses a live pricing system, which can be affected by various factors. As such, customers may wish to book without delay when they spot a deal they’re interested in.

One customer took to social media to share their experience when looking at booking a trip, prompting Jet2 to explain its pricing system. In the post, a customer named Phil claimed: “Jet2tweets almost booked a holiday to Portugal, left it overnight, same holiday had increased by £600!”

In response, a Jet2 team member explained that holiday prices may fluctuate and customers are advised to book at a price they are happy with. In a response posted on April 16, Jet2tweets said: “Hi there Phil, thanks for reaching out.

“Please be advised that when looking for a holiday, the price shown next to ‘Holiday price from’ is live and can take some time to update throughout the website.

“We work on a live pricing system, which is affected by a number of variables such as customer demand, availability, and promotions, meaning our prices are subject to change and can fluctuate up or down at any time during booking.”

The reply continued: “Therefore, we’d always recommend booking at a price you are happy with. We apologise for any disappointment caused. Should you require any further assistance in the meantime, then please feel free to send us a DM.”

Given the response, customers who are wondering about the ‘best time’ to book a holiday may wish to book as soon as they find a deal at the price they want. For passengers looking for cheap flights, the airline also offers money-saving tips on its website.

In a FAQ section on Jet2’s website, the airline said: “What’s the cheapest month to fly? Travelling outside of school holidays, bank holidays and peak summer dates tends to offer the lowest fares.

“You can also find some bargains in the shoulder seasons too, like late autumn, winter and early spring. To find the best prices, check our Low Fare Finder and compare months at a glance.”

Secretary of State Bill Jones, lagging in the polls for the Republican gubernatorial primary, on Monday asked the U.S. attorney’s office in Sacramento to investigate possible conflicts of interest between energy companies and the administration of Gov. Gray Davis.

For months, Jones has criticized Davis for hiring consultants during last year’s energy crisis who owned stock in companies that the governor alleged were gouging the state. Davis’ spokesman held $12,000 of stock in Calpine, a firm that won state contracts.

On Monday, Jones said the state Fair Political Practices Commission and the attorney general’s office, both controlled by Democrats, were not investigating aggressively enough.

Seizing upon recent reports that Davis met with then-Enron Chairman Kenneth L. Lay during the crisis, Jones called for a federal investigation.

“It is now time that the U.S. attorney’s office actively engage in this scandal and open an investigation into the conflicts of interest and insider dealings of Gov. Gray Davis and his administration,” Jones said at a Sacramento news conference. “Because we cannot get to the truth and we cannot get the entities entrusted by the people to do their jobs, we must now go to a higher authority.”

A spokeswoman for the U.S. attorney’s office declined comment.

Roger Salazar, a spokesman for the Davis campaign, said the governor had taken appropriate action against consultants who had conflicts, dismissing four last summer.

The chairwoman of the FPPC responded coolly to Jones’ allegations. “We do not comment on complaints or any investigative actions taken in response to those complaints,” Karen Getman said. “Nor do we allow the timing of our activities to be influenced by upcoming elections.”

Though Jones called for more disclosure into Davis’ contacts with the energy industry, he has different standards for the Bush administration.

Spokeswoman Beth Pendexter said Jones believes Vice President Dick Cheney does not have to disclose whom he met with while forming the national energy policy last year.