U.S. urges oil companies to invest in Venezuela to recover expropriated assets and revive the struggling oil industry.

U.S. oil companies will invest billions of dollars in Venezuela's energy sector after the overthrow of Nicolas Maduro, President Donald Trump said.

Experts say lifting production to former levels could take decades, and huge investment will be needed

The US president believes that the ousting of Venezuelan head of state Nicolas Maduro paves the way for the return of American oil majors to a country that holds the world's…

U.S. urges oil companies to invest in Venezuela to recover expropriated assets and revive the struggling oil industry.

Shares of U.S. oil majors are rising as investors bet that they will cash in after the military action that ousted Venezuelan President Nicolas Maduro.

The White House official did not say which companies the administration has spoken to or when the conversations took place.

President Trump's call for U.S. oil companies to rebuild Venezuela's energy sector after the overthrow of President Nicolas Maduro is easier said than done.

Energy experts say reviving Venezuela’s oil industry could be a decade-long process, and could cost upwards of $100 billion.

Doubling Venezuela's weakened oil flows could cost $110 billion and take until 2030.