- Harold Hamm's Continental Resources struck a deal to operate the Ayacucho 2 block in Venezuela's Orinoco Belt — about 126,000 acres with an estimated 30 billion barrels — and expects a long-term agreement soon; Hamm is a major Trump donor.
- The move is part of a recent wave of deals (including Chevron, GE Vernova and Eni) as the U.S. pushes companies to help revive Venezuela's oil sector.
- Analysts warn the projects face big risks — lingering nationalization concerns, contract durability and questions over whether foreign firms can realistically restore output to pre-crisis levels.
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