Halliburton and SLB are nearing multibillion-dollar oilfield expansion agreements in Venezuela.

The entities involved

• Halliburton →

  American multinational corporation; provider of services and products to the energy industry

  • Trump pledged to unleash American oil and gas production, involving LCNB National Bank.Sun 03:20
  • Halliburton announced multiple operational moves and signed MOUs across Venezuela, Saudi Arabia, and Argentina, while facing Middle East headwinds.Wed 21:59
• SLB →

  oilfield services company

  • Key contractors SLB and Saipem are deployed in the Caspian Sea for a complex intervention project involving BORIS.Mon 15:52
  • Attacks on Iran are disrupting global oil trade, while El Niño conditions rise drought risks and impending Fed rate hikes affect currency markets.Sun 00:35
• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26

Related events

• Chevron Corporation is expanding oil production and maintaining its presence in Venezuela despite regional disruptions and complex regulatory environments.Sep 8
• The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.Jul 30
• The Trump administration is nearing a deal to secure access to Venezuelan crude oil, with Halliburton involved in services discussions.Aug 29
• Marco Rubio discusses oil development talks involving Venezuela and PDVSA, which operates in a country with large oil reserves.Aug 18
• U.S. companies, including ConocoPhillips, are reportedly circling Venezuela's oil fields.Aug 28