Halliburton signs pacts to support Venezuela energy projects
Halliburton said the agreements are non-binding and aim to expand oil and gas development work as U.S. sanctions rules ease.
- On Monday, September 21, 2026, Houston-based Halliburton announced it signed non-binding agreements with Eneva SA and engineering firm WESCA to identify and pursue oil and gas development opportunities in Venezuela.
- Eneva, Brazil's largest private natural gas operator, applies its 'Reservoir-to-Wire' model to burn gas near wells and generate electricity, addressing severe energy rationing affecting most Venezuelan cities.
- These memoranda of understanding are merely statements of intent, not binding contracts. Halliburton disclosed no project lists, investment figures, or specific dates for the proposed ventures.
- U.S. general licenses issued since January 2026 permit companies to negotiate contingent contracts for oil, gas, and electricity investment in Venezuela, facilitating corporate collaboration that was previously restricted.
- Venezuela holds 195 trillion cubic feet of proved gas reserves, representing 73% of South America's total, positioning the nation as strategically valuable following the January 2026 capture of Nicolás Maduro.
24 Articles
24 Articles
Halliburton signed memorandums of understanding with Brazilian energy company Eneva and WESCA to explore opportunities for oil and gas development in Venezuela, announced Monday the U.S. supplier of oil services. In a statement, Halliburton highlighted that with almost nine decades of experience in Venezuela “helps its customers advance their [...] The Halliburton entry signs agreements with Eneva and WESCA to identify “opportunities” in Venezue…
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Halliburton Expands Venezuela Energy Push Through New Development Agreements
Halliburton has signed agreements with Brazilian energy company Eneva and WESCA to explore oil and gas development opportunities in Venezuela. The agreements come as international ... The post Halliburton Expands Venezuela Energy Push Through New Development Agreements first appeared on [your]NEWS.
Halliburton announced on Monday (21) the signing of agreements with Eneva and Wesca to support the development of projects in Venezuela aimed at advancing initiatives in the oil and gas segment in the country. By the terms signed with Eneva, the two companies will collaborate in the identification and prospecting of business development opportunities in Venezuelan territory. The transaction is based on the operational history of the American oil…
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