Exclusive-Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say By Reuters

NodeGuardian · 2026-03-25T06:45:06+00:00

Chevron and Shell are nearing major oil production deals in Venezuela, their first since the U.S. captured Maduro. These agreements aim to enhance operations in Venezuela's oil-rich areas, supporting U.S. efforts to rebuild the country's oil industry.

NodeGuardian

2026-03-25 06:45:06

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Chevron and Shell are reportedly close to securing major oil production deals in Venezuela, marking the first such agreements since the U.S. captured Nicolas Maduro. These deals would significantly expand the companies’ operations in the country’s rich oil regions, contributing to what the U.S. aims to be a substantial rebuilding effort for Venezuela’s oil industry. Both companies are engaging with Venezuela’s state-owned PDVSA, with Chevron focusing on the Orinoco Belt and Shell on developing fields in the Monagas North region.

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