Hunt Oil Company and SLB signed new production deals with Venezuela on August 19, 2026.
1 report, 1 independent
Updated Aug 19
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What happened
Hunt Oil Company and SLB signed new production deals with Venezuela on August 19, 2026.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- SLB is preparing to reactivate drilling rigs in Venezuela.Sub-event
- Hunt Oil Company is seeking to revitalize Venezuela's oil production, while Donald Trump encourages investment in the sector.Sub-event
Hunt Oil and SLB signed new production deals with Venezuela.1 source
Keep exploring
Part of
SLB is partnering with PDVSA for oil sector modernization in Venezuela, while Trump encourages major investments in the country's energy sector.Also in this story
- Ali Moshiri seeks to invest in Venezuela's oil sector, but PDVSA is slowing down his plans amid Trump's push for energy revival.
- Chevron committed capital to triple Venezuelan oil output after its CEO flew to Caracas to finalize the deal.
- Halliburton is repositioning operations and posting technical sales roles for upstream revival in Venezuela.
- Oil production increases and traffic shifts are noted in Venezuela, with Kpler reporting discrepancies in ship counts.
The entities involved
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Hunt Oil Company
independent oil and gas company headquartered in Dallas, Texas
Nothing else this week.
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SLB
oilfield services company
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Venezuela
Country in Latin America
Related events
- Trump announced a deal on Venezuelan oil reserves, confirmed by Delcy Rodriguez, involving major refiners like Chevron and ExxonMobil.
- Oil deals are being struck between Iran and Venezuela.
- Trade talks have resumed regarding U.S. tariff hikes, alongside an ongoing oil venture by the Trump administration in Venezuela.
- Rodríguez's role in Venezuelan oil agreements is questioned as the US seeks a larger role while Salazar criticizes the strategy.
- Venezuela and Guyana target new energy supplies amid global oil concerns driven by U.S.-Iran strikes and SLB investments.