Shell and BP Seek United States Licenses to Develop Natural Gas Fields Shared by Trinidad and Tobago and Venezuela

Shell and BP are seeking U.S. government licenses to extract natural gas from fields spanning Trinidad and Tobago and Venezuela to tap into massive reserves.

Insights:
Shell plc and BP p.l.c. are currently seeking licenses from the United States USUSOffice of Foreign Assets Control to develop natural gas fields located across the maritime borders of Trinidad and Tobago TTTTand Venezuela VEVE. The applications target significant offshore discoveries that could reshape energy development in the region.
FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
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