# North American Blue Energy Partners (NABEP)

Type: Company

Source: Space & Defense Intelligence Brief — https://getspacebrief.com/entity/north-american-blue-energy-partners-nabep
Canonical HTML page: https://getspacebrief.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 (1 stories)

### Pentagon's Penny Warrants Lock In 35% of a 65B-Barrel Venezuela Deal
2026-09-06 12:35:46 · 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

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