- SLB is partnering with PDVSA for oil sector modernization in Venezuela, while Trump encourages major investments in the country's energy sector.
- Hunt Oil Company and SLB signed new production deals with Venezuela on August 19, 2026.
- SLB is preparing to reactivate drilling rigs in Venezuela.
Halliburton and SLB are nearing multibillion-dollar oilfield expansion agreements in Venezuela.
1 report, 1 independent
Updated Sep 6
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What happened
Halliburton and SLB are nearing multibillion-dollar oilfield expansion agreements in Venezuela.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Halliburton
American multinational corporation; provider of services and products to the energy industry
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SLB
oilfield services company
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Venezuela
Country in Latin America
Related events
- The Trump administration is nearing a deal to secure access to Venezuelan crude oil, with Halliburton involved in services discussions.
- Trump administration applies sanctions and tariffs against Cuba. Oil shipments from Venezuela are targeted by new executive orders.
- Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.
- Multiple energy companies, including SLB, Halliburton, and Eni, are expanding operations and seeking talent in Venezuela, supported by Trump's energy revival plan.
- The Dominican Republic is exploring direct purchases of petroleum products from Venezuela.