BP and NGC Secure License to Develop Cocuina-Manakin Gas Fields
BPBP(BP) ZACKS·2024-05-30 20:21

BP plc (BP) ), the UK-headquartered energy giant, and Trinidad and Tobago's state energy firm NGC have obtained a two-year license from the U.S. Treasury Department, per a Reuters report. This license will allow them to negotiate and develop the Cocuina-Manakin gas fields in partnership with Venezuela, Trinidad's Energy minister Stuart Young announced on Wednesday. The new license has enabled BP and NGC to embark on a project involving an offshore reservoir containing approximately 1 trillion cubic feet (tc ...