Shell and BP Seek U.S. Licenses for Shared Venezuela-Trinidad Gas Fields
Why it matters
Shell and BP are seeking U.S. licenses to develop shared gas fields with Venezuela and Trinidad and Tobago, a move that could boost energy production in the region.
Expected market reaction
Market impact analysis based on bullish sentiment with 80% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 38366
Original source
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 do business with Venezuela. In July 2024, BP, together with its partner, the National Gas Company…
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Original article published by OilPrice.com on January 28, 2026. Analysis and insights provided by AnalystMarkets AI.
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