Venezuela signs oil, gas deals with US companies
Venezuela signed oil and gas agreements with US companies Hunt Overseas Oil Company and Crossover Energy on April 30 to boost production in the Orinoco Belt. The deals reflect improving relations between Venezuela and the United States amid global oil market disruptions caused by conflict in Iran. Interim President Delcy Rodriguez emphasized cooperation with the US under pressure to meet demands from President Donald Trump.
- ▪Venezuela signed oil and gas deals with US firms Hunt Overseas Oil Company and Crossover Energy on April 30, 2026.
- ▪The agreements allow US companies to operate in Venezuela's Orinoco Belt, home to the country's largest oil reserves.
- ▪Interim President Delcy Rodriguez leads Venezuela following the capture of former President Nicolás Maduro by US forces in January 2026.
- ▪US envoy Jarrod Agen attended the signing ceremony in Caracas, marking renewed diplomatic engagement between the two nations.
- ▪Direct commercial flights between Caracas and Miami resumed this week after a seven-year suspension.
Opening excerpt (first ~120 words) tap to expand
Venezuela signs oil, gas deals with US companiesSign up now: Get ST's newsletters delivered to your inboxThe possibility of increased Venezuelan oil output comes as global markets face disruptions to Middle East oil supplies from the conflict in Iran.PHOTO: REUTERSPublished May 01, 2026, 02:40 PMUpdated May 01, 2026, 02:40 PMCARACAS – Venezuela signed deals with US companies on April 30 in a bid to boost oil and gas production, the latest sign of thawing relations after Washington deposed leftist leader Nicolas Maduro.The South American nation is currently led by interim president Delcy Rodriguez, who is cooperating under heavy US pressure to meet President Donald Trump’s demands for access to the country’s vast oil supplies.Ms Rodriguez, who was Maduro’s vice-president before US forces…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.