A U.S.-backed oil company controlled by Alejandro Betancourt is taking over Venezuelan projects previously operated by Chinese and Russian companies under a sweeping new U.S.-Venezuela oil agreement.

The US is set to take majority control over a huge amount of Venezuela’s oil wealth in an unprecedented maneuver that officials said would...

The United States entered a deal to take majority ownership in a joint oil venture with a Venezuelan energy company. It could be a game-changer in the long run.

The US government plans a 35% passive stake in Alejandro Betancourt's energy company. It also seeks preferential rights to purchase 20% of production at cost. This investment is…

North American Blue Energy Partners retira espaço de grupos chineses e de uma operadora russa