The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal

Sept 5 (Reuters) - The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key... Continue Reading →

September 5, 2026 0

Italy’s Eni doubles down in Venezuela with rising hope of recovering debt

Sept 4 (Reuters) - Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts ‌said on Friday. After nearly three decades in Venezuela, Eni has accumulated those receivables from state-owned oil group PDVSA. As Washington and... Continue Reading →

September 5, 2026 0

Colombia’s Grupo Gilinski, Geopark sign deal to develop Venezuela oil field

Sept 4 (Reuters) - Colombia's Grupo Gilinski and Geopark on Friday signed a deal to jointly develop the Bare oilfield ‌in Venezuela with state oil company PDVSA, a ceremony on state television showed. The chariman of Grupo Gilinski, which is GeoPark's majority shareholder, Jaime Gilinski, appeared ⁠alongside interim President Delcy Rodriguez. "GeoPark has the proven... Continue Reading →

September 5, 2026 0

Machado Backs U.S. Oil Partnership but Questions Venezuela Deal

Sept. 3 (oilprice.com) Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the authority to sign the sweeping agreement announced by acting President Delcy Rodríguez. Machado said Thursday that the scope of the agreement remains unclear, including who is signing... Continue Reading →

September 4, 2026 0

Woodside and PEMEX to Expand Deepwater Partnership

Sept. 2 (OE) Woodside Energy has signed a non-binding Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX) that will allow analysis of potential future opportunities for exploration and extraction of hydrocarbons in the deep waters of the Gulf of Mexico. It will also facilitate the mutual exchange of technical knowledge, experience, and industry best practices... Continue Reading →

September 3, 2026 0

The eight wells driving PETRONAS’ Block 52 plans in Suriname

Aug. 31 (oilnow.gy) PETRONAS has logged eight successful wells in Suriname’s offshore Block 52 since launching its drilling program there in 2016. The wells have identified oil and gas resources exceeding one billion barrels of oil equivalent. They also support the company’s assessment of potential commercial developments in the block. The eight wells are Roselle-1,... Continue Reading →

August 31, 2026 0

Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency

Aug 31 (Reuters) - A massive long-term oil deal expected to grant the U.S. access to a fifth of Venezuela's crude reserves has energy experts and lawyers questioning its legality and eventual execution, while calling on both governments for contract transparency. The unprecedented pact, announced by U.S. ‌President Donald Trump on Friday and confirmed by Venezuela's interim... Continue Reading →

August 31, 2026 0

Venezuela’s interim president says US energy deal will last 25 years

Aug 29 (Reuters) - Venezuelan interim President Delcy Rodriguez said on Saturday that an energy agreement with the U.S. would remain in force for 25 ‌years, target an increase in crude output to 1.5 million barrels per day (bpd) and preserve the country's sovereignty over its natural resources. Rodriguez hailed the accord in a late-night address as... Continue Reading →

August 30, 2026 0

U.S. In Talks To Take Direct Ownership Of Venezuelan Oil Fields

Aug. 27 (oilprice.com) The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction... Continue Reading →

August 28, 2026 0

Venezuela’s Oil Revival Is Slower Than the U.S. Hoped

Aug. 24 (oilprice.com) More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves holder. Chevron, which has operated in Venezuela throughout Maduro’s reign, is extracting and exporting oil to the U.S., but neither ExxonMobil... Continue Reading →

August 25, 2026 0

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Category: NOC

The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal

Italy’s Eni doubles down in Venezuela with rising hope of recovering debt

Colombia’s Grupo Gilinski, Geopark sign deal to develop Venezuela oil field

Machado Backs U.S. Oil Partnership but Questions Venezuela Deal

Woodside and PEMEX to Expand Deepwater Partnership

The eight wells driving PETRONAS’ Block 52 plans in Suriname

Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency

Venezuela’s interim president says US energy deal will last 25 years

U.S. In Talks To Take Direct Ownership Of Venezuelan Oil Fields

Venezuela’s Oil Revival Is Slower Than the U.S. Hoped

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