The Lorán gas licence gives bp, XRG and UCC equal shares in four trillion cubic feet of Venezuelan gas, under sanctions rules rewritten in February.

Venezuela's government has concluded a series of agreements with international oil companies in recent weeks to develop its offshore gas fields, marking a shift from the years of…

The Lorán gas licence gives bp, XRG and UCC equal shares in four trillion cubic feet of Venezuelan gas, under sanctions rules rewritten in February.