TotalEnergies E&P New Ventures and Venezuela's state oil company PDVSA signed an energy cooperation agreement at Miraflores Palace in Caracas, overseen by acting President Delcy Rodriguez. PDVSA President Hector Obregon and TotalEnergies Senior Vice President for the Americas Francisco Javier Rielo signed for their respective companies, while the presidential press office released no commercial details. Earlier reporting characterized the arrangement as a memorandum of understanding that could provide a framework for TotalEnergies to re-establish energy operations in Venezuela. Rodriguez has said the Organic Hydrocarbons Law, approved earlier this year, provides reliable legal conditions for new investment after the U.S. removal of former President Nicolas Maduro in January. The accord is the latest oil-sector deal involving multinational companies and Venezuela's new government.