Divesting non-core assets is a strategic tool for oil and gas companies to enhance financial health. This highlights the need to keep an eye on XOM, BP and OXY.
BP and Trinidad's NGC receive a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela, marking a strategic shift in energy partnerships.
BP and EOG Resources are in active negotiations to develop the Coconut gas field in Trinidad, targeting first gas production by late 2026 to supply the Atlantic LNG project and boost regional output.