US oilfield service companies meet with White House on Venezuelan energy expansion
US oil service firms are discussing a return to Venezuela with officials following recent political shifts. Companies seek legal and payment certainty first.
Insights:
Following the ouster of President Nicolas Maduro nicolas maduroin early January 2026, leading energy firms have engaged in high-level discussions with officials in the United States 
US regarding the restoration of the Venezuelan energy sector. Representatives from SLB (Schlumberger) and Halliburton Company met with White House officials to evaluate potential investment opportunities within the country. This engagement follows public comments from President Donald Trump donald trumpasserting that American firms will soon commence drilling operations in Venezuela 
VE to bolster global energy supplies.
US regarding the restoration of the Venezuelan energy sector. Representatives from SLB (Schlumberger) and Halliburton Company met with White House officials to evaluate potential investment opportunities within the country. This engagement follows public comments from President Donald Trump donald trumpasserting that American firms will soon commence drilling operations in Venezuela VE to bolster global energy supplies.While the shift in political leadership has opened doors for dialogue, service providers are emphasizing that a full-scale return depends on specific regulatory and financial conditions. SLB (Schlumberger)CEO Olivier Le Peuch olivier le peuchindicated that his company is prepared to rapidly increase activities in Venezuelaprovided that appropriate licensing, safety parameters, and compliance measures are established. Olivier Le Peuch noted that the firm is already receiving substantial inquiries from customers interested in expansion. Currently, SLB (Schlumberger)remains the only international service company actively operating in the region, primarily supporting Chevron Corporation .
