Venezuela signs new oil deals with US companies Hunt Oil and SLB

Venezuela has signed new oil production agreements with U.S. companies Hunt Oil and SLB, aiming to revitalize its energy sector. The deals were announced during a Houston event, where Oil Minister Paula Henao highlighted the country's vast untapped oil and natural gas reserves. Despite historical hesitance from foreign investors, smaller U.S. firms are beginning to engage, indicating a potential shift in the landscape of Venezuela's oil industry.