Halliburton Signs MOUs to Support Venezuela Energy Development — Update

By Elias Schisgall

Halliburton signed memoranda of understanding with Eneva and WESCA to support energy-development opportunities in Venezuela.

Eneva, a Brazilian energy firm, would collaborate with Halliburton on identifying and pursuing opportunities for development in Venezuela, building on their existing relationship in Brazil.

Halliburton would also support field evaluation and development planning in Venezuela under its agreement with WESCA.

"Halliburton has a long history in Venezuela and supports customers as they pursue growth opportunities," Halliburton's senior vice president for Latin America, Francisco Tarazona, said. "We look forward to working with Eneva and WESCA to advance development opportunities and support the country's evolving energy sector."

The company is the latest American firm to eye new business in Venezuela after the Trump administration ousted former Venezuelan President Nicolas Maduro earlier this year. President Trump said last month that the U.S. reached a deal with Venezuela's interim president, Delcy Rodriguez, to take control of many of the country's oil fields.

Chevron earlier this month announced plans to invest more than $7 billion in the country over the next five years. Continental Resources, a firm led by billionaire Harold Hamm, signed a tentative agreement to venture into the country last week. U.S. firms GE Vernova, Primavera and Aspect Holdings have all also signed deals to boost oil-and-gas production in Venezuela.

Exxon Mobil is also nearing a preliminary deal to explore investment opportunities in the country's oil fields through an MOU with the state-run company Petroleos de Venezuela, The Wall Street Journal reported last week, citing people familiar with the matter.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

September 21, 2026 09:15 ET (13:15 GMT)