{"id":8104,"date":"2026-01-09T20:19:47","date_gmt":"2026-01-09T20:19:47","guid":{"rendered":"https:\/\/inernews.online\/?p=8104"},"modified":"2026-01-09T20:19:47","modified_gmt":"2026-01-09T20:19:47","slug":"big-and-small-oil-companies-summoned-to-meet-trump-on-venezuelan-oil-donald-trump-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=8104","title":{"rendered":"Big and small oil companies summoned to meet Trump on Venezuelan oil | Donald Trump News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>Many of the smaller firms have connections to Denver, Colorado, the home turf of Energy Secretary Chris Wright.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 9 Jan 2026<\/span><span aria-hidden=\"true\">9 Jan 2026<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>The White House is summoning oil executives to discuss potential investment in Venezuela, and while a preliminary list of attendees features the big names of US oil companies \u2013 Chevron, Exxon Mobil and ConocoPhillips \u2013 it also includes several smaller independents and private equity-backed players.<\/p>\n<p>The meeting with US President Donald Trump is scheduled for Friday at 2:30pm (19:30 GMT).<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>In a post on Truth Social account, Trump said the meeting \u201cwill almost exclusively be a discussion on Venezuelan Oil, and our longterm relationship \u200bwith Venezuela, its \u200cSecurity, and People\u201d.<\/p>\n<p>\u201cA very big factor in this \u200cinvolvement will be the reduction \u200cof Oil Prices \u2060for the American People,\u201d he said.<\/p>\n<p>Only the largest US oil producers have the scale and capacity to operate in Venezuela and have experience doing so, said an oil industry source. The inclusion of smaller domestic companies in the meeting is notable, given that they mostly operate in the US.<\/p>\n<p>Continental Resources, which bills itself as the biggest privately owned oil and natural gas producer in the world, will be in attendance, as will HKN Inc, which was formerly known as Harken Energy.<\/p>\n<p>Several of the companies have connections to Denver, Colorado, the home turf of Secretary of Energy Chris Wright and a relatively small hub for oil and gas activity compared with other parts of the United States.<\/p>\n<p>Oil output in PADD 4, the production region that includes Colorado, totalled 1.02 million barrels per day (bpd) in October, according to the latest data from the US Energy Information Administration. PADD 3, which includes states like Texas and New Mexico, produced 10.28 million bpd that month.<\/p>\n<p>Raisa Energy, which acquires non-operated stakes in energy assets and has a Venezuelan CEO, is based in Denver and backed by\u00a0investment funds\u00a0Citadel and Ares Management.<\/p>\n<p>Tallgrass Energy \u2013 a midstream company with pipeline and terminal assets in areas including the US Rocky Mountains and Oklahoma \u2013 and Aspect Holdings, which lists former Speaker of the US House of Representatives Kevin McCarthy as an independent director, are also headquartered in Denver.<\/p>\n<p>The Department of Energy did not immediately respond to a request for comment.\u00a0Raisa, Tallgrass, and Aspect did not immediately reply to questions about any previous discussions they may have had about Venezuela ahead of the Friday meeting.<\/p>\n<p>Many of the smaller firms and independents may not have as much experience with heavy oil that is typical\u00a0in Venezuela, but they will be familiar with lighter oil around Lake Maracaibo and shale that has not yet been tapped, said a long-time oil industry executive.<\/p>\n<p>\u201cThey don\u2019t have as much capital as an Exxon, Chevron or ConocoPhillips, but independents are known to move much faster. Their cost structure is lower, so they can drill wells much cheaper than the majors,\u201d the person said.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many of the smaller firms have connections to Denver, Colorado, the home turf of Energy Secretary Chris Wright. Published On 9 Jan 20269 Jan 2026 Click here to share on social media share2 Share The White House is summoning oil executives to discuss potential investment in Venezuela, and while a preliminary list of attendees features [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/8104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8104"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/8104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/8105"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}