Tag: Venezuela

Trump’s Venezuela Oil Deal Brings State Capitalism to US Energy Sector

Washington finalizes an unprecedented Venezuela oil deal eight months after Maduro's ousting, granting the US control over 65 billion barrels of reserves.

Chevron Unveils $7 Billion Venezuela Plan to Double Oil Output

Chevron confirmed a $7 billion, five-year plan to more than double Venezuela oil output to 600,000 barrels a day, following a Trump administration push.

US Energy Chief Arrives in Venezuela to Sign Final Oil Pacts

US Energy Secretary arrived in Venezuela on Wednesday to sign final oil deals, with Chevron, ONGC and GE Vernova set to join.

Trump Says Exxon Entering Venezuela as US Claims 65 Billion Barrels

Trump said Friday the US secured majority control of 65 billion barrels of Venezuelan reserves and that Exxon would return, though gas prices are unlikely

Pentagon Gets 35% Stake in Venezuela Oil Firm Under $100 Billion Deal

The White House confirmed a Venezuela oil deal granting the Pentagon a 35% stake and NABEP 100-year concessions over 17 fields holding 65 billion barrels.

Trump Announces Venezuela Oil Deal Giving US Control of 65 Billion Barrels

Donald Trump said Friday the US reached a deal for majority control of over 65 billion barrels of Venezuela's oil reserves. Terms were not disclosed.

US Plan for Venezuela Oil Stake Draws Opposition Charge of ‘Predatory’ Grab

Reports the US wants a large stake in Venezuela's oil and gas reserves drew charges the plan is 'predatory' and unconstitutional as diesel hit $5.65.

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