US oil producers prepare to sign production deals with Venezuela's PDVSA

A number of smaller United States oil producers are preparing to sign production agreements with Petróleos de Venezuela (PDVSA), the country's state-owned oil company, according to three people familiar with the matter.

The signing ceremony is reportedly set to take place in Houston, a city long regarded as a hub of the American oil industry.

Details about which companies are involved, the scale of the deals, or their specific terms have not yet been made public. The exact date of the ceremony has also not been disclosed.

The development points to a possible renewal or expansion of cooperation between the US and Venezuelan oil sectors, though publicly available information remains limited and the broader context surrounding the agreements is still unclear.