Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
The U.S. oil major is close to a deal to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.
The U.S. oil major is close to a deal to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.
BELLINGS Intelligence Score: 28
Why it matters
Chevron and other U.S. firms nearing a multibillion-dollar investment deal in Venezuelan oil fields is notable market activity with geopolitical and energy-sector implications, but it is primarily a commercial development without immediate systemic or regulatory impact.
Sources
The Wall Street Journal
Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
The U.S. oil major is close to a deal to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.
CBS MoneyWatch
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.