BP, Shell Seeking US Licenses for Gas Fields Shared with Venezuela, Trinidad Minister Says
BP and Shell aim to develop cross-border gas fields with estimated reserves of 10 trillion cubic feet amid shifting U.S. policies and Venezuelan government actions.
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7 Articles
BP, Shell seeking US licenses for gas fields shared with Venezuela, Trinidad minister says
Shell and BP are seeking U.S. licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal said on Wednesday.
Shell and BP Seek U.S. Licenses for Shared Venezuela-Trinidad Gas Fields
UK-based supermajors Shell and BP are seeking U.S. licenses to develop gas fields that Trinidad and Tobago shares with Venezuela, the Caribbean island’s Energy Minister Roodal Moonilal said on Wednesday. BP and Shell have sought to develop two separate cross-border gas fields in Venezuelan and Trinidad and Tobago waters, but progress has been slow in recent years due to the frequent changes in U.S. policy toward allowing international firms to d…
Trinidad And Tobago Energy Sector Eyes Venezuela To Bolster Gas Outlook
Trinidad and Tobago’s energy sector is positioning for modest recovery in 2026, supported by near-term production projects and new momentum around accessing Venezuela’s offshore gas reserves. While domestic output remains below past highs, operators are moving ahead with developments that could stabilise supply and extend the life of key infrastructure. bpTT is set to bring its Cypre field online in 2024, with the Mento project expected to follo…
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