- Oil majors, including ExxonMobil and ConocoPhillips, are seeking to restart production and secure durable contracts for Venezuela's vast oil reserves.
- The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.
Rystad Energy analyzes Venezuela's oil sector and production challenges, offering competitive fiscal terms for a new oil deal.
1 report, 1 independent
Updated Sep 2
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What happened
Rystad Energy analyzes Venezuela's oil sector and production challenges, offering competitive fiscal terms for a new oil deal.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.Also in this story
- Trump administration supports Venezuela's reintegration process and aims for a $100 billion investment in its oil sector.
- Negotiations are underway for the Petromonagas oil project in Venezuela, involving Trump and major oil companies.
The entities involved
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Venezuela
Country in Latin America
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Rystad Energy
Norwegian energy research company
Nothing else this week.
Related events
- Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.
- The Dominican Republic is exploring direct purchases of petroleum products from Venezuela.
- Donald Trump commented on the current oil needs and situation in Venezuela.
- Repsol obtained new oil licenses for international companies and became India's fourth oil supplier after successful negotiations.
- The Trump administration is nearing a deal to secure access to Venezuelan crude oil, with Halliburton involved in services discussions.