In the month since the U.S. took custody of Venezuelan President, Nicolas Maduro, the U.S. oil industry has been buzzing with rumors and speculation on what new opportunities may lie just south of the Caribbean. Venezuela is estimated to hold the largest crude oil reserve of any single country, and it has been reported that many in the industry—from oilfield services majors to independent wildcatters—are considering whether and how they might tap into the potential.
Continue Reading More Trickle than Gusher: OFAC’s New Rules do Not Quite Signal New Venezuelan Oil Rush














