Rerum Novarum // Intel, Breaking News, and Alerts 🇺🇸

🇺🇸🇻🇪⚡️- Major American oilfield service companies, including Halliburton, Baker Hughes, SLB and Weatherford, are expanding recruitment in Venezuela as the country's oil industry begins attracting new investment following Maduro's removal. Weatherford has advertised more than 20 positions, while Baker Hughes and SLB are also recruiting personnel. American drilling equipment is beginning to return, with Chevron preparing to activate four rigs and Patterson-UTI shipping additional equipment to the country. Only two rigs are currently operating, although production is projected to increase from approximately 1.2 million barrels per day to 1.5 million by late 2027. The developments suggest Venezuela's reopening is beginning to translate into actual investment and operational activity, rather than remaining limited to agreements and announcements.