--- title: "US firm to take over Venezuelan oilfields from Chinese and Russian companies" publication: "MediaBias News" url: "https://mediabias.news/business/us-firm-to-take-over-venezuelan-oilfields-from-chinese-and-russian-companies" api: "https://mediabias.news/api/v1/stories/us-firm-to-take-over-venezuelan-oilfields-from-chinese-and-russian-companies" markdown: "https://mediabias.news/business/us-firm-to-take-over-venezuelan-oilfields-from-chinese-and-russian-companies.md" audio: "https://mediabias.news/api/audio/us-firm-to-take-over-venezuelan-oilfields-from-chinese-and-russian-companies" category: "Business & Economy" area: "Latin America" published: "2026-09-01T11:25:27.737Z" source_reported: "2026-09-01T10:00:05.000Z" updated: "2026-09-01T11:25:27.737Z" trust_score: 78 critic_score: 65 hype_score: 15 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-09-01T12:15:14.986511+00:00" --- # US firm to take over Venezuelan oilfields from Chinese and Russian companies *North American Blue Energy Partners will control 17 projects under a new U.S.-Venezuela oil production agreement.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 78 of 100, higher is better. Two full reports corroborate key facts; 15 digests agree on central claim. - Craft 65 of 100, higher is better. Quotes and figures present; some digests lack context or clarity. - Hype 15 of 100, lower is better. Headlines are measured; no sensationalism detected in body text. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - U.S. oil company North American Blue Energy Partners (NABEP) will take over oilfields in Venezuela previously operated by five Chinese companies and one Russian firm. - NABEP received 14 newly granted contracts from the Venezuelan government as part of a U.S.-Venezuela oil production agreement. - The U.S. government will hold a 35% stake in NABEP and have preferential access to 20% of its production. - NABEP plans to control 17 projects in Venezuela, including fields previously operated by China Concord Resources, which was sanctioned by the U.S. in 2019. U.S. oil company North American Blue Energy Partners (NABEP) is to take over oilfields in Venezuela that were previously operated by five Chinese companies and one Russian firm. This takeover is part of a broad oil production agreement announced by President Donald Trump with Venezuela. NABEP received 14 newly granted contracts from the Venezuelan government as part of this arrangement. Under the agreement, the U.S. government will hold a 35% stake in NABEP and have preferential access to 20% of the company's production. NABEP plans to control a total of 17 projects in Venezuela. Two of these projects were previously operated by China Concord Resources, a company sanctioned by the U.S. in 2019 for Iran-related activity. Other fields were operated by Sinopec, China National Petroleum Corp, and a Russian company. ## Disagreement on specific Chinese companies While Devdiscourse and CNBC report that five Chinese companies previously operated fields now taken over by NABEP, CNBC states that the outlet declined to identify the fifth Chinese company. Other reports do not specify the number of Chinese companies involved. ## What the coverage left out None of the left-rated digests mention the U.S. government's veto power over NABEP's board or the stipulation that a majority of directors must be American citizens. The centre-rated digests do not mention the U.S. government's veto power over NABEP's board or the stipulation that a majority of directors must be American citizens. The right-rated digest does not mention the U.S. government's veto power over NABEP's board or the stipulation that a majority of directors must be American citizens. ## Who covered it Shares of the 8 covering outlets with a published leaning rating: - Left: 50% (4) - Centre: 37% (3) - Right: 13% (1) 10 of 18 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-09-01T12:15:14.986511+00:00. **Coverage watch:** developing. Checked 6 times; 0 checks found a material change. Most recently checked 2026-09-01T12:45:27.627Z. ## How the sides framed it ### Left - The left-rated reports highlighted the U.S. move into Venezuela's oil sector and the displacement of Russian and Chinese operators. United24's headline stated, "US Moves Into Venezuela’s Oil Fields, Displacing Russian and Chinese Operators." The China-Global South Project noted, "U.S. Oil Firm to Take Over Some Venezuelan Oilfields Previously Run by Chinese, Russian Companies, Officials Say." Asia Times framed the deal as one that "deepens China's energy security squeeze" and threatens to cut Chinese refiners off from discounted crude. CNBC, in its full report, mentioned that the arrangement "gives U.S. companies a foothold in some of Venezuela's strategically important oil assets while displacing Chinese and Russian interests." ### Centre - The centre-rated reports focused on the U.S. firm taking over oilfields previously operated by Chinese and Russian companies. Devdiscourse's headline read, "EXCLUSIVE-Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms." Reuters' digest stated, "The takeover will be part of a sweeping oil production agreement that President Donald Trump announced with Venezuela." Oil Price's headline was "U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields." ### Right - The single right-rated report, from Anadolu Ajansı, focused on China's reaction to the deal. Its headline stated, "China seeks protection of ‘legitimate interests’ in Venezuela as US-backed firm takes over oil fields." The digest noted that Beijing responded after a Washington-backed company was granted control of projects previously operated by Chinese and Russian firms. **Provisional coverage gap:** right. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - mixed: 1 - high: 4 - unknown: 11 - veryHigh: 2 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [United24](https://united24media.com/world/us-moves-into-venezuelas-oil-fields-displacing-russian-and-chinese-operators-22118) — US Moves Into Venezuela’s Oil Fields, Displacing Russian and Chinese Operators - [Noticias al Día y a la Hora | Últimas Noticias del día de hoy…](https://noticiasaldiayalahora.co/internacionales/reuters-eeuu-tomo-el-control-de-campos-petroleros-chinos-y-rusos-en-venezuela) — Reuters: US Took Control of Chinese and Russian Oil Fields in Venezuela - [Reuters](https://reuters.com/business/energy/under-us-venezuela-oil-deal-some-chinese-russian-operators-lose-out-officials-2026-08-31) — EXCLUSIVE: Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms - [Anadolu Ajansı](https://aa.com.tr/en/economy/china-seeks-protection-of-legitimate-interests-in-venezuela-as-us-backed-firm-takes-over-oil-fields/4043479) — China seeks protection of ‘legitimate interests’ in Venezuela as US-backed firm takes over oil fields - [inbusiness.kz](https://inbusiness.kz/ru/last/ssha-perehvatyvayut-neftyanye-aktivy-venesuely-u-rossii-i-kitaya) — The US Is Intercepting Venezuela's Oil Assets From Russia and China. - [espreso.tv](https://espreso.tv/svit-ssha-otrimayut-kontrol-nad-naftovimi-rodovishchami-venesueli-yaki-ranishe-ekspluatuvali-rf-i-kitay) — The United States Will Gain Control over Venezuela's Oil Fields, Which Were Previously Exploited by Russia and China - [CursDeGuvernare.ro](https://cursdeguvernare.ro/acordul-petrolier-cu-sua-indeparteaza-china-si-rusia-de-campurile-petroliere-din-venezuela.html) — Oil Agreement with the US Takes China and Russia Away From Venezuela's Oil Fields - [reform.news](https://reform.news/ssha-poluchat-v-venesule-mestorozhdenija-kitaja-i-rf-reuters) — The US Will Receive Chinese and Russian Deposits in Venezuela - [Devdiscourse](https://devdiscourse.com/article/international/3970394-exclusive-officials-us-firm-to-take-over-some-venezuela-oilfields-previously-run-by-chinese-russian-firms) — EXCLUSIVE-Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms - [moneytimes.com.br](https://moneytimes.com.br/petrolifera-americana-controlara-campos-de-petroleo-venezuelanos-anteriormente-operados-por-empresas-chinesas-e-russas-fets) — American Oil Will Control Venezuelan Oil Fields Previously Operated by Chinese and Russian Companies – Money Times - [TUOI TRE ONLINE](https://tuoitre.vn/my-duoc-cap-quyen-khai-thac-cac-mo-dau-venezuela-tung-do-nga-trung-quoc-van-hanh-100260901112838524.htm) — The US Has Been Granted the Right to Exploit Venezuelan Oil Fields Previously Operated by Russia and China. - [Oil Price](https://oilprice.com/Latest-Energy-News/World-News/US-Oil-Deal-Pushes-China-and-Russia-Out-of-Venezuelan-Fields.html) — U.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields - [The Nation Thailand](https://nationthailand.com/news/world/40070502) — US-backed NABEP set to take over Venezuelan oilfields previously run by Chinese and Russian firms - [Finanzas Digital](https://finanzasdigital.com/desembarco-de-eeuu-en-la-faja-desplaza-a-operadores-chinos-y-rusos) — US Landing in the Strip Displaces Chinese and Russian Operators of Strategic Projects - [koreapost.com](http://koreapost.com/news/articleView.html?idxno=49436) — Venezuela reshapes oil sector as US-linked firm takes over Chinese and Russian projects - [The China-Global South Project](https://chinaglobalsouth.com/2026/09/01/us-oil-firm-venezuela-fields-china-russia) — U.S. Oil Firm to Take Over Some Venezuelan Oilfields Previously Run by Chinese, Russian Companies, Officials Say - [CNBC](https://cnbc.com/2026/09/01/us-oil-firm-to-take-over-some-venezuelan-oilfields-previously-run-by-chinese-russian-companies-reuters.html) — U.S. oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies - [Asia Times](https://asiatimes.com/2026/09/us-venezuela-oil-deal-deepens-chinas-energy-security-squeeze) — US-Venezuela oil deal deepens China's energy security squeeze ## Questions **Which U.S. company is taking over Venezuelan oilfields?** The U.S. oil company North American Blue Energy Partners (NABEP) is set to take over oilfields in Venezuela. This company will control 17 projects as part of a new agreement between the U.S. and Venezuela. **What stake does the U.S. government have in NABEP?** The U.S. government will hold a 35% stake in North American Blue Energy Partners. Additionally, the U.S. will have preferential access to 20% of the company's oil production. **Which previous operators are being displaced?** Oilfields previously operated by five Chinese companies and one Russian firm will be taken over by NABEP. This includes fields operated by China Concord Resources, which was sanctioned by the U.S. in 2019. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/us-firm-to-take-over-venezuelan-oilfields-from-chinese-and-russian-companies. Please cite as: MediaBias News, "US firm to take over Venezuelan oilfields from Chinese and Russian companies", https://mediabias.news/business/us-firm-to-take-over-venezuelan-oilfields-from-chinese-and-russian-companies