Chevron, ONGC, GE Vernova Near Final Venezuela Energy Deals

Chevron, ONGC, GE Vernova, Eni, and GeoPark are finalizing energy agreements in Venezuela under amended hydrocarbons law, allowing foreign firms more operational control and export rights. This marks a shift from PDVSA-dominated contracts, potentially boosting Venezuela's oil output and foreign investment. The deals' finalization and impact on production remain uncertain.