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BP strikes deal to produce gas in Venezuela just weeks after oil giant announced North Sea sell-off

1 sources1 storiesFirst seen 8/14/2026Score25Mixed Progress
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Bigness
25
Coverage
13
Recency
88
Engagement
4
Velocity
0
Confidence
48
Clipability
52
Polarization
0
Claims
5
Contradictions
0
Breakthrough
50

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North America

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GB News - News

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BP strikes deal to produce gas in Venezuela just weeks after oil giant announced North Sea sell-off.

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Oil giant BP has struck a deal to produce gas in Venezuela, just weeks after announcing it was seeking to sell up in the North Sea.

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The company has been awarded a licence for the Loran field off the country's east coast, estimated to contain four trillion cubic feet of recoverable gas.

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The move will be among the first major foreign investments in the country since former leader Nicolas Maduro was arrested by American special forces in an audacious raid in January.

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TRENDING Stories Videos Your Say A United Nations fact-finding mission in 2025 concluded its government continued "to engage in actions constituting the crime against humanity of persecution on political grounds".

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Bloggbnews.com8/14/2026