BP Oct 2024 32.000 call
- Zacks
Strategic Asset Divestitures: 3 Energy Firms Setting the Trend
Divesting non-core assets is a strategic tool for oil and gas companies to enhance financial health. This highlights the need to keep an eye on XOM, BP and OXY.
- Zacks
BP and NGC Secure License to Develop Cocuina-Manakin Gas Fields
BP and Trinidad's NGC receive a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela, marking a strategic shift in energy partnerships.
- Reuters
BP, Trinidad's NGC receive US license for gas development with Venezuela
(Reuters) -British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday. Washington last month did not renew a broad license that had allowed Venezuela to freely export its oil and receive investment, but it has since issued individual authorizations to companies trying to do business in the sanctioned South American country. BP and NGC are now allowed to plan a project involving an offshore reservoir with about 1 trillion cubic feet (tcf) of gas reserves that extends from Venezuela to Trinidad, Minister Stuart Young said in a Port of Spain media briefing.
