Venezuela Restructuring Desk

    Independent institutional analysis of Venezuela sovereign and PDVSA debt: litigation, sanctions, bonds, and creditor developments.

    Desk NoteSeptember 4, 2026

    The Grace Covenant and the Deferred Poll

    GeoPark enters the Orinoco Bare Block under a 25-year Production Participation Contract with Grupo Gilinski in control; Trump says Venezuela is 'not ready yet' for elections; Brent holds near USD 95.50 as the SDNY digests Maduro's immunity motion.

    Venezuela Protein Index

    30-egg carton priced in gold · Jul 2026

    73
    (5.5%) vs LM
    (36.7%) vs LY
    Open Resource · Free to read
    Venezuela Debt Restructuring Tracker →
    Timeline, creditor classes, CITGO auction, OFAC licensing, and FAQ.

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    Desk NoteSeptember 3, 2026

    The Carabobo Covenants and the Sovereign Shield

    Chevron and Eni sign Orinoco expansion agreements worth over USD 7 billion under the eye of the U.S. Energy Secretary; Maduro's immunity motion lands in the Southern District of New York; Brent eases to USD 95.04 as Miami-Caracas flights resume.

    Desk NoteSeptember 2, 2026

    The Sovereign Claim and the Rebounding Floor

    Maduro files head-of-state immunity motions in the Southern District of New York; Brent surges to USD 94.86 on Hormuz strikes; Energy Secretary Wright travels to Caracas as Chevron signs an expansion agreement.

    Desk NoteSeptember 1, 2026

    The Reopened Terminal and the Sovereign Shield

    A 100-year oil concession gives Washington a 35 per cent equity stake in 65 billion barrels of reserves, Maiquetia reopens a temporary terminal, and the OFAC quiet period reaches its seventh business day.

    Desk NoteAugust 31, 2026

    The Strategic Reserve and the Concession Shield

    A bilateral agreement hands a new joint venture 17 oilfields and 65 billion barrels to refill the U.S. Strategic Petroleum Reserve, while the Assembly recess reaches day seventeen and Brent rises to USD 90.69.

    Field DispatchAugust 29, 2026

    One Cable, Two Pipes

    Estado Nueva Esparta: Margarita, Coche, Cubagua. The only state in the federation that cannot be reached by road, drinking water piped from another state and taking its power through a single submarine cable. Final dispatch, series close.