Venezuela’s Oil Revival Could Reward the Company That Never Left

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Why This Matters

Ensign Energy Services, a Canadian oilfield company, has maintained operations in Venezuela for 25 years, positioning itself for potential benefits from the country's oil revival.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Canada-based Ensign Energy Services has been working in Venezuela for 25 years and has never left the country, where rig counts have plummeted, and the political and regulatory landscape has been a minefield to navigate. “We’re the only Canadian company — the only oilfield service drilling company — operating in Venezuela,” Bob Geddes, Ensign Energy Services’ president and chief operating officer, told the Financial Post in an interview. “We’ve stuck through Venezuela, thick and thin, and here we…

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Original article published by OilPrice.com on February 15, 2026.
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