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02.09.26 - 05:09
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Chevron Nears Deal To Expand Venezuela Oil Operations (ZeroHedge)
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Chevron Nears Deal To Expand Venezuela Oil Operations
Venezuela could soon become a much bigger part of Chevron's global oil business, according to Bloomberg.
The company is reportedly nearing an agreement to take control of operations at two large crude-producing areas in the country's Carabobo region, adding access to substantial heavy-oil resources.
The potential expansion comes as Washington seeks to attract more American capital to Venezuela's energy sector and boost the country's output. Chevron already has an established presence there through a partnership with state oil company PDVSA, making it the only major US producer currently active in Venezuela.
Bloomberg reported that Chevron has also been discussing investment conditions with the government of acting President Delcy Rodríguez. Any new arrangement could improve the economics of committing additional capital to Venezuelan production.
The expected deal is unrelated to separate talks involving possible direct US government p...
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02.09.26 - 05:09
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Feedstock Is Not Fuel: Why Venezuelan Crude Is No Near-Term Fix (ZeroHedge)
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Feedstock Is Not Fuel: Why Venezuelan Crude Is No Near-Term Fix
Authored by former CIA officer Larry Johnson
My friend, Karl Miller, is out with a great piece that exposes Trump's claims about Venezuelan oil as a massive case of gaslighting. I am summarizing his piece, which is titled,“Venezuela Oil: The Physical Barrel and the Capital Bill,” because it is not publicly available via a link.
On August 27 2026, President Trump announced what he called the biggest oil deal in world history — a US-Venezuela agreement giving the United States majority control of more than 65 billion barrels of Venezuelan reserves, which he said would “substantially lower Gas Prices for all Americans.” The pitch landed with gasoline near $4.09 a gallon, about 27% higher than a year earlier and on track for the most expensive August on record, as a six-month Iran war and the Hormuz disruption kept a fifth of world supply under strain — and with the midterms two months away.
Independent analysts noted the...
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02.09.26 - 00:54
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Coinbase Co-Founder Seeks Fields in Venezuela Oil Shakeup (Bloomberg)
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Coinbase co-founder Fred Ehrsam is seeking control of at least three Venezuelan oil fields, according to people familiar with the negotiations, as Washington reshapes the country's oil industry and replaces some Maduro-era operators with Trump-aligned investors....
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01.09.26 - 14:57
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Trump′s Venezuela Energy Gambit A ′Major Problem′ For Europe (ZeroHedge)
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Trump's Venezuela Energy Gambit A 'Major Problem' For Europe
Submitted by Thomas Kolbe
In the end, it happened as it had to: The United States will likely play a decisive role in the future development and marketing of Venezuela's oil and gas reserves.
On Friday, U.S. President Donald Trump announced a corresponding deal on his Truth Social platform, describing it himself as "THE BIGGEST OIL DEAL IN WORLD HISTORY." According to the U.S. president, the United States secured “majority U.S. control” over more than 65 billion barrels of proven oil reserves in Venezuela, spread across 17 oil fields – and, as Trump emphasized, “at no cost to the American taxpayer.”
BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected… pic.twitter.com/lLl44Fp7cs
— Commenta...
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