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BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

City noticeboard, Trade Hub UK (2026-08-14): BP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield. BP… Primary source: original at The Guardian (theguardian.com).

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

BP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield.

BP will partner with two oil firms with close links to the Trump administration to develop the second phase of the Loran gasfield, in one of the first large-scale foreign investments in Venezuela since the US ousted its leader Nicolás Maduro in January.

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