the news now

The world's news, cross-checked among reputable sources.

This is a new development in a story we have covered before · earlier coverage

Chevron and Eni Sign Multibillion Dollar Energy Agreements in Venezuela

morning · · thread: US Refineries Now Process Half of Venezuelan Oil Output as Production Deals Loom

9 sources across 8 countries · 1 of them is linked to a state

Who reported this

  • MS NOW United States · Left · Versant (spun off from NBCUniversal)
  • CNN United States · Centre-left · Warner Bros. Discovery
  • El Espectador Colombia · Centre-left · Grupo Santo Domingo
  • France 24 France · Centre · Public · France Medias Monde (French state holding)
  • The Japan Times Japan · Centre · News2u Holdings
  • Al Jazeera Qatar · Centre-left · State-affiliated · Qatari government funded
  • El Pais Spain · Centre-left · Grupo PRISA
  • Neue Zuercher Zeitung Switzerland · Centre-right · Dispersed shareholders, no controlling stake
  • Reuters United Kingdom · Centre · Thomson Reuters Corporation

What the colours mean

  • Left
  • Centre-left
  • Centre
  • Centre-right
  • Right
  • A hatched block means the outlet is affiliated with, or controlled by, a state.

Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.

Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.

The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.

United States Energy Secretary Chris Wright oversaw the signing of energy agreements worth tens of billions of dollars between the government of Venezuela and several multinational companies in Caracas on Wednesday. The agreements include commitments from the American oil giant Chevron, the Italian firm Eni, and the energy company GE Vernova. Chevron announced it will invest more than 7 billion dollars over the next five years to expand operations in the Orinoco Belt, with the goal of more than doubling its current production to approximately 600,000 barrels a day. Eni gained exclusive rights to explore the Junin 5 oilfield, while GE Vernova will work to repair the nation's electricity grid. These deals follow a broader agreement between Washington and Caracas that grants a US led company, North American Blue Energy Partners (NABEP), 100 year rights over 17 oil fields. Secretary Wright described the day as historic and stated that the investments are critical for bringing peace and prosperity to Venezuela. Interim President Delcy Rodriguez defended the deals, asserting that Venezuela retains its sovereignty and that the partnerships are necessary to secure investment for public services and jobs. The agreements occur after the US military arrested former President Nicolas Maduro and his wife in January. Some energy experts and critics have expressed skepticism, noting that Venezuela's infrastructure is severely degraded and that the deals lack legitimacy because they were reached with a government that has not been recognized by the National Assembly.

How each side framed it

Left
This framing highlighted the controversy surrounding the legitimacy of the deal and the pressure exerted by the US administration on the Venezuelan government.
Centre-left
These outlets focused on the economic potential and the specific details of the corporate investments while noting concerns over sovereignty.
Centre
These outlets provided a neutral account of the signing ceremony and the companies involved.
Centre-right
This framing emphasized the contrast between the new oil billions and the ongoing economic hardship and inflation faced by ordinary Venezuelans.

Sources

100% of the statements in this article were traced back to the source articles listed above.