BP Halts Venezuela Gas Project Due to Expiring U.S. License

BP has paused its gas project discussions with Venezuela near the Trinidad and Tobago maritime border after a U.S. license expired in April. The company intends to continue talks once it's legally permissible.

Oil major BP has paused discussions with Venezuela for the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday.

The British company plans to resume talks with the South American country once it "can legally do so," the spokesperson said.