XLE & Oil

Pentagon's Venezuelan Oil Partner Boosts Output

Rigzone·Oct 26, 2026 · 3:00 PM CT
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North American Blue Energy Partners, which is working with the U.S. government to develop Venezuelan oil fields, is deploying a sixth drilling rig, a person familiar with its operations said. CEO Alejandro Betancourt said its western Venezuela production hit a record 115,000 barrels a day Friday, as he hosted a State Department delegation.

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