Billionaire shale producer Harold Hamm’s company, Continental Resources, is set to announce a Venezuela oil deal, according to people familiar with the matter. Bloomberg reports the company is expected to invest in Venezuela as the Trump administration encourages U.S. firms to revive the country’s oil sector.
The New York Times says Continental has signed a preliminary agreement with Venezuela’s state-owned oil company to develop and produce oil. The two accounts align on Continental’s role and the preliminary nature of the arrangement, but they differ in emphasis: Bloomberg highlights the expected announcement and U.S. policy push, while the New York Times focuses on the existence of a preliminary deal with Venezuela’s state firm.
