Market Chatter: North American Blue Energy Partners to Assume Control of Chinese, Russian Oilfields in Venezuela

05:33 AM EDT, 09/01/2026 (MT Newswires) -- North American Blue Energy Partners will assume management of Venezuelan oilfields formerly operated by a Russian firm and multiple Chinese entities, Reuters reported Tuesday, citing two US officials. The asset transfer is part of a petroleum production deal that US President Donald Trump announced with Venezuela, the news outlet quoted the officials as saying. The operations were among 14 new agreements awarded to the US-backed company, which transitioned from US oil tycoon Harry Sargeant to Venezuelan businessman Alejandro Betancourt, Reuters reported. North American Blue Energy Partners did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)