U.S. Oil Firms Sign Agreements to Operate in Venezuela Amid Eased Sanctions
U.S. oil companies Hunt Overseas Oil Company and Crossover Energy have signed agreements with the Venezuelan government to operate in the Orinoco Belt, a major oil-producing region. This development follows the capture of Nicolas Maduro and the U.S. taking control of Venezuelan oil sales, leading to eased sanctions on operations with PDVSA, Venezuela's state oil firm. The deals were signed in the presence of Jarrod Agen, President Trump's energy adviser. The agreements mark a significant shift as international companies, including European majors like Eni and Repsol, are also returning to Venezuela to explore and boost oil and gas production. 
