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Event Brief

BP to develop Venezuela’s Loran offshore gasfield

BP plans to develop the second phase of Venezuela’s Loran offshore gasfield with Trump-linked firms.
WHO: BP
WHAT: BP will partner with two oil firms linked to the Trump administration to develop the second phase of the Loran offshore gasfield.
WHEN: Reported Aug 13, 2026 at 8:00 PM ET
WHERE: Venezuela
WHY: BP is answering Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry.

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