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Trade & Logistics

17 August 2026

BP strengthens offshore gas push in Venezuela

Downunder Voices Newsroom

Source reporting: Splash247

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BP strengthens offshore gas push in Venezuela

Supermajor BP and the Venezuelan government have signed agreements to advance offshore gas development, including awarding an exploration and production licence for a new phase of the Loran field in the Plataforma Deltana area. BP will operate the project, which covers resources estimated at around 4trn cubic feet of recoverable gas, in partnership with XRG, …

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