2 days ago - Venezuela owes international bondholders, oil companies and others as much as $170 billion — one reason why US firms have been reluctant to help rebuild the country’s infrastructure.

4 days ago - Chevron (CVX.N), opens new tab, the only U.S. company currently operating in Venezuela under a special licence, could lift its production by 50% within two years, from current levels of around 240,000 bpd, by upgrading equipment already in place, ...

6 days ago - Donald Trump promised oil giants “total safety, total security” in Venezuela in an effort to persuade them to invest $100bn in the country’s infrastructure after US forces toppled Nicolás Maduro from power.

6 days ago - "American companies will have the opportunity to rebuild Venezuela's rotting energy infrastructure and eventually increase oil production to levels never, ever seen before," Trump said at the opening of the meeting.

16 hours ago - By now western oil firms have largely left – pushed away by production disruptions amid political turmoil, as well as payment arrears from the cash-strapped government. While Trump is sure there is treasure to be snatched under the Venezuelan soil, it’s probably safer, easier and cheaper for US companies to procure whatever oil the US economy needs at home.

1 day ago - “We’re going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country,” the ...

6 days ago - Chevron is the last remaining major American oil company still operating in the country. A handful of companies from other countries, including Spain's Repsol and Italy's Eni, both of which were represented at the White House meeting, are also ...

2 hours ago - “President Trump’s team is facilitating positive, ongoing discussions with oil companies that are ready and willing to make unprecedented investments to restore Venezuela’s oil infrastructure. President Trump is protecting our Western Hemisphere from being taken advantage of by narcoterrorists, drug traffickers, and foreign adversaries.” · A Treasury spokesperson told Semafor: “The United States Treasury is fully committed to supporting President Trump’s efforts on behalf of the people of Venezuela.” · The Independent has also reached out to the Treasury for furthrer comment. The administration has work to do on persuading the oil companies to be as cooperative after Trump received a significant rebuff from ExxonMobil CEO Darren Woods during his meeting with the energy industry executives.

2 weeks ago - Trump said without evidence that the United States' role in governing Venezuela "won't cost us anything" because U.S. oil companies would invest in new infrastructure in the oil-rich country.

3 days ago - Notably, Trump said the investment will be coming from the oil companies, not the federal government. Earlier in the week, he had suggested that the US taxpayer might fund their investments.

3 days ago - Last week US President Donald Trump ... his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used ...

2 weeks ago - President Donald Trump has made it clear: His vision for Venezuela’s future involves the US profiting from its oil. “We’re going to have our very large United States oil companies—the biggest anywhere in the world—go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure,” the president told reporters at a news conference Saturday, following the shocking capture of Venezuelan president Nicolás Maduro and his wife.

2 weeks ago - PALM BEACH, Florida Jan 3 (Reuters) - President Donald Trump said that American oil companies were prepared to tackle the difficult task of entering Venezuela and investing to restore production in the South American country, an announcement ...