# North American Blue Energy Partners (NABEP)

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/north-american-blue-energy-partners-nabep
Canonical HTML page: https://getyourbrief.com/entity/north-american-blue-energy-partners-nabep

## Timeline

- **2026-08-31**: Trump announces 35% U.S. stake via penny warrants — President Trump announced the warrant-based structure the week of August 31, 2026, giving the Pentagon anti-dilution protection and a right of first offer on oil output.
- **2026-01**: U.S. forces remove Nicolás Maduro from power — American forces captured and removed the former Venezuelan president in January, after which Washington began efforts to revive Venezuela's collapsed oil sector.
- **2026**: Washington-Caracas agreement grants NABEP the oilfields — NABEP, controlled by Alejandro Betancourt, was granted 100-year rights to 17 oilfields holding an estimated 65 billion barrels of reserves, without a competitive process.

## Recent coverage (3 stories, network-wide)

### Pentagon's Penny Warrants Lock In 35% of a 65B-Barrel Venezuela Deal
2026-09-06 12:35:46 · Sector: space · Sentiment: Negative · Impact: 6/10 · Sources: 3

The Pentagon has stepped beyond procurement into sovereign equity, holding penny warrants that lock in a 35 percent position in NABEP while the venture raises capital. The deal also gives the Defense Department a right of first offer on 20 percent of output at production cost — a discounted strategic fuel guarantee for a post-Maduro Venezuela.
Full story: https://getspacebrief.com/story/pentagon-penny-warrants-35-percent-venezuela-oil-stake

### Penny Warrants Shield the U.S.'s 35% Stake in a 65B-Barrel Oil Play
2026-09-06 12:35:37 · Sector: finance · Sentiment: Negative · Impact: 6/10 · Sources: 3

Washington used penny warrants — call options with token strike prices — to protect its 35 percent stake in NABEP from dilution as the project raises development capital. The structure also grants dividends before exercise and off-take rights on 20 percent of output at cost, making it a case study in sovereign deal structuring.
Full story: https://getfinancebrief.com/story/penny-warrants-anti-dilution-35-percent-65b-oil-deal

### US-Backed Venture Gets 100-Year Rights to 65B Barrels of Venezuelan Oil
2026-09-06 12:35:29 · Sector: climate · Sentiment: Negative · Impact: 6/10 · Sources: 3

The U.S. is backing the revival of 65 billion barrels of Venezuelan crude through NABEP's 100-year, no-bid concession to 17 oilfields. The Pentagon-backed deal sharpens the tension between energy security and climate goals while reviving a collapsed producer.
Full story: https://getclimatebrief.com/story/nabep-100-year-rights-65b-barrels-venezuela-oil

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