Halliburton Signs Agreements to Expand Presence in Venezuela's Energy Sector
Halliburton has signed memorandums of understanding with Brazil’s Eneva and Venezuelan engineering firm WESCA, aiming to expand its presence in Venezuela as the country seeks to revive its oil and gas industry. The agreements are non-binding but represent a strategic move for Halliburton following years of reduced operations due to U.S. sanctions imposed in 2020. The deals build on existing partnerships with Eneva, Brazil’s largest private natural gas operator, focusing on identifying development opportunities in Venezuela and leveraging digital technology through its collaboration with WESCA. These agreements align with a broader trend as major energy firms like Chevron, Continental Resources, and ExxonMobil also explore or announce investments in the region. Halliburton emphasized that it is well-positioned to support Venezuela’s expanding energy sector due to its existing infrastructure, local expertise, and operational capabilities.
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Topics: Energy International Expansion Oil & Gas