Chevron and Halliburton Pursue Billion-Dollar Venezuela Oil Deals

Chevron and Halliburton are nearing billion-dollar deals to invest in Venezuela's oil industry, according to reports. The agreements come as the Trump administration pushes U.S. energy companies to help rebuild Venezuela's oil sector.

Chevron is reportedly close to adding two heavy-oil fields to its Venezuelan portfolio, which would strengthen its position in the country and provide access to additional resources.

Halliburton is discussing an agreement to supply equipment and services to Venezuelan oil producers, with many of the fields being offered requiring billions of dollars in investment to develop.