https://www.live-feeds.com/feed/continental-resources-strikes-venezuela-oil-development-dealContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/continental-resources-strikes-venezuela-oil-development-dealhttps://www.live-feeds.com/feed/continental-resources-strikes-venezuela-oil-development-deal#u73045Thu, 17 Sep 2026 16:11:24 +0000Continental Resources signed a memorandum of understanding with Venezuela's state oil company PDVSA on Wednesday to operate and develop the Ayacucho 2 Block. Located in the Orinoco Belt, the 126,000-acre site holds an estimated 30 billion barrels of oil resource in place. The deal represents a significant investment by the US energy producer, led by Harold Hamm, into one of the world's largest oil patches. The US energy secretary previously indicated that a US producer would unveil an investment in the country.Why it mattersThe Orinoco Belt is one of the most resource-rich oil region