Which companies are reported to be on track to sign final energy agreements in Venezuela, and when could these deals be signed?

According to the news, U.S. Chevron (CVX.N), GE Vernova (GEV.N), India's ONGC, Italy's Eni (ENI.MI), and Colombia's GeoPark (GPRK.N) are on track to sign final agreements in Venezuela after months of negotiations; the agreements could be inked as early as this week.

How do these upcoming company-level agreements relate to the recently announced U.S.-Venezuela pact involving 17 oilfields?

The agreements being finalized by Chevron, GE Vernova, ONGC, Eni, and GeoPark are separate from the massive Caracas-Washington pact announced last week, which secures a U.S. stake in 17 oilfields holding some 64 billion barrels of proved reserves—about a fifth of Venezuela's total crude reserves.

Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say

Aug 31, 2026

Chevron, ONGC, and other firms are poised to sign final energy pacts in Venezuela following months of negotiations, distinct from a separate US-Venezuela reserve agreement.

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Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say

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