Knowledge of the geologic evolution of the northern margin of South America has increased tremendously, inspired by the occurrence of huge hydrocarbon deposits. This margin originated in late Triassic time when the supercontinent of Pangea broke up and North and South America drifted apart. The passive margin accommodated a thick sequence of Jurassic to Tertiary sediments. During the latest Cretaceous to the Present, the Antilles volcanic arc, built upon the Caribbean plate, migrated southeastward and collided obliquely with South America. This collision resulted in the diachronous accretion of allochthonous terranes as well as diachronous formation of a fold and thrust belt. This belt was initiated in the west (Colombia) during the latest Cretaceous and progressively moved east and reached Trinidad only in Miocene time. In front of this thrust belt, diachronous foreland basins developed. The present paper reviews the geologic evolution of northern Venezuela and adjacent areas in the Caribbean Sea, based to a large extent on a huge amount of new data released by oil companies and data collected by universities.