{"id":14416,"date":"2026-05-01T13:20:12","date_gmt":"2026-05-01T17:20:12","guid":{"rendered":"https:\/\/iamovers.org\/?post_type=news&#038;p=14416"},"modified":"2026-05-01T13:20:13","modified_gmt":"2026-05-01T17:20:13","slug":"oil-giants-grow-interest-in-venezuela","status":"publish","type":"news","link":"https:\/\/iamovers.org\/news\/oil-giants-grow-interest-in-venezuela\/","title":{"rendered":"Oil Giants Grow Interest in Venezuela"},"content":{"rendered":"\n<p><em>After a period when many energy companies believed that Venezuela was still too risky for investment, many of them are taking a second look.<\/em><\/p>\n\n\n\n<p>After Exxon Chief Executive Darren Woods described the country as &#8220;uninvestable&#8221; in January, the company, together with ConocoPhillips, recently sent technical teams to assess prospects to revive Venezuela&#8217;s oil fields as the government moves to change laws that make the environment more favorable to foreign investors. More recently, President Trump&#8217;s energy adviser met with Venezuela&#8217;s acting president with a delegation that included Hunt Oil, Crossover Energy, HKN, and Mercuris, signing memorandums of understanding to lay the groundwork to operate.<\/p>\n\n\n\n<p>In addition, Chevron recently expanded its footprint in Venezuela and is on track to raise its oil output by 50% over the next 18 months. Chevron Chief Executive Officer Mike Wirth commented that those recent legal changes &#8220;moved things in a positive direction.&#8221; According to market-intelligence firm Kpler, the United States imported 457,000 barrels a day of Venezuelan crude in March, the most since January 2019.<\/p>\n\n\n\n<p>IAM Member Impact: The revised interest in foreign investment represents good news for <a href=\"https:\/\/iamovers.mobilityex.com\/index.html#\/search?loc=Venezuela&amp;lat=6.42375&amp;lng=-66.58973&amp;range=50&amp;assocs=800&amp;fvw=c&amp;ctry=Venezuela\">IAM members in the country<\/a> and those members working for corporate accounts with activity to and from Venezuela.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.wsj.com\/business\/energy-oil\/venezuela-oil-risk-exxon-mobil-conocophillips-86add7ce?mod=hp_lead_pos5\">The Wall Street Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a period when many energy companies believed that Venezuela was still too risky for investment, many of them are taking a second look. After Exxon Chief Executive Darren Woods described the country as &#8220;uninvestable&#8221; in January, the company, together with ConocoPhillips, recently sent technical teams to assess prospects to revive Venezuela&#8217;s oil fields as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_piecal_is_event":false,"_piecal_start_date":"","_piecal_end_date":"","_piecal_is_allday":false,"footnotes":""},"news-category":[31],"class_list":["post-14416","news","type-news","status-publish","hentry","news-category-industry-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/14416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/comments?post=14416"}],"version-history":[{"count":1,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/14416\/revisions"}],"predecessor-version":[{"id":14417,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/14416\/revisions\/14417"}],"wp:attachment":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/media?parent=14416"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news-category?post=14416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}