Overview
- Venezuela signed agreements Thursday in Caracas with Hunt Overseas and Crossover to operate projects in the Orinoco Belt, the country’s main heavy‑oil region, in a ceremony attended by U.S. energy envoy Jarrod Agen.
- The White House said HKN Energy also signed and projected the deals would add hundreds of thousands of barrels of Venezuelan oil per year.
- Direct Miami–Caracas flights resumed this week on Envoy Air and Laser Airlines, making it easier for crews and executives to reach fields and offices.
- Major companies have restarted scouting trips, with ExxonMobil and ConocoPhillips sending technical teams and European firms Eni, Repsol and BP advancing gas plans or preliminary pacts under eased sanctions.
- U.S. Gulf Coast imports of Venezuelan crude have begun to climb, reaching about 457,000 barrels per day in March, the highest since January 2019, according to Kpler data cited in coverage.