Energy Firms Prepare to Sign Venezuela Pacts

Chevron ONGC and other energy firms are preparing to sign final agreements in Venezuela following months of negotiations. The pacts involve contract migrations under an amended hydrocarbon law and new energy projects aimed at expanding operations in the country.

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A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025. REUTERS/Kaylee Greenlee

CHEVRON CORP and GE VERNOVA INC are preparing to sign final energy agreements in Venezuela. Five people close to the negotiations said the pacts follow months of talks to firm up projects in the OPEC member state.

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