U.S. In Talks To Take Direct Ownership Of Venezuelan Oil Fields
- According to Axios, the Trump administration is negotiating to acquire direct ownership stakes in Venezuelan oil fields containing approximately 90 billion barrels of proven crude to extend influence on Venezuela's interim government.
- With the U.S. SPR at historic lows and Middle East transit routes threatened, the White House is shifting its 'Energy Dominance' paradigm from domestic deregulation toward direct resource control within the Western Hemisphere.
- The targeted fields represent a strategic slice of Venezuela's 303-billion-barrel reserve base, with discussions focused on a dozen productive oil fields and 100-year-lease arrangements on areas previously controlled by China and Venezuelan state interests.
- Energy Secretary Chris Wright is scheduled to meet with officials in Caracas next week to discuss field rehabilitation, while independent operators including SLB, Hunt Oil, and California-based Pacific Coast Energy Company are finalizing development agreements with PDVSA.
- Legacy underinvestment under PDVSA has left infrastructure degraded with current production at 1.25 million barrels per day, and analysts warn that meaningful improvement will require around $180 billion through the next decade until legal frameworks stabilize.
31 Articles
31 Articles
U.S. close to striking 'massive' deal for Venezuelan oil fields - Axios (CVX:NYSE)
The Trump administration is in talks with Venezuela's government about taking an ownership stake in the country's enormous oil resources that could more than double current US oil reserves
The United States negotiates with the Interim Government of Venezuela to obtain a significant participation in several oil fields.
El Periódico
The U.S. negotiates with the interim government of Venezuela to obtain an important participation in several oil fields of the country, an operation that seeks to strengthen the control of Washington over Venezuelan energy resources, reported on Thursday the media Axios and Bloomberg, which cite own sources.
US in talks with Venezuela to take ownership stake in massive oil fields
The Trump administration is talking to the interim Venezuelan government about buying a massive stake in the country’s huge oil reserves. The US kidnapped Venezuela’s president Nicolas Maduro on 3 January 2026. Since then, the US has dealt with Maduro’s successor, the much more pliable Delcy Rodriguez. Venezuela: who saw this coming? Axios reported on […] By Joe Glenton
The US negotiates with the interim government of Venezuela to obtain an important participation in several oil fields of the country, an operation that seeks to strengthen the...
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