Oil majors, including ExxonMobil and ConocoPhillips, are seeking to restart production and secure durable contracts for Venezuela's vast oil reserves.
16 reports, 6 independent
Updated Sep 21
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Oil majors, including ExxonMobil and ConocoPhillips, are seeking to restart production and secure durable contracts for Venezuela's vast oil reserves.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Corporate push for majority control and $100B recovery plan in Venezuela's oil sector.1 source
- BP, Shell, and ConocoPhillips are actively involved in the revival of Venezuela's oil industry, including BP's investment in gas fields and corporate competition for licenses.Sub-event
- The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.Sub-event
- A conference is underway in Caracas, the capital city, involving NJ Ayuk and the national oil company PDVSA.Sub-event
- Oil companies are negotiating with Venezuela's acting government, urging $100 billion in investment under a U.S. Treasury debt recovery program.Sub-event
- Venezuela is sending 10 million barrels of oil to the US, pending Trump's final approval for a deal.Sub-event
Oil majors are pushing for a political push to tap into Venezuela's oil reserves.1 source
Chevron's investment in Venezuela is a political headache.1 source
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The entities involved
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ExxonMobil
American multinational oil and gas corporation
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ConocoPhillips
American oil and gas company
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
Related events
- Trump spoke to the UN on September 24th regarding oil reserves, discussing potential combinations.
- Donald Trump commented on the current oil needs and situation in Venezuela.
- Donald Trump criticized the oil industry and considered imposing export limits.
- Donald Trump, Nicolás Maduro, and Marco Rubio are involved in a dispute over Venezuelan oil resources and coordinating a U.S. official response.
- Trump pledged to unleash American oil and gas production, specifically involving Matador Resources Company.
Coverage
Newest first; wire copies grouped- thenews.com.pk
- oilandgas360.com
- worldoil.com
- yahoo.com
- financialpost.com
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