BP has agreed to sell a 20% stake in the Trinidad and Tobago portion of the cross-border Cocuina-Manakin natural gasfield to state-owned National Gas Company (NGC), Reuters reported on Monday.
Venezuela on Wednesday granted a 20-year license to British energy producer BP and state-owned National Gas Company of Trinidad and Tobago (NGC) to develop the Venezuelan side of a natural gas field that extends into the Caribbean country’s waters.