Brief
BP has agreed to sell a 20% interest in the Venezuelan portion of the cross-border Cocuina-Manakin field to Trinidad and Tobago’s state-owned National Gas Company. The deal would give NGC a direct stake in an energy asset linked to Venezuela, marking a corporate ownership change involving an international oil major and a neighboring country’s government-controlled gas company.
NGC’s entry would indicate that a neighboring state-owned company sees strategic value in holding exposure to a Venezuelan cross-border gas resource. For investors, the transaction is a concrete test of whether regional energy integration can advance despite Venezuela’s broader contractual and geopolitical risks.
Subscribe to this vertical
Funding rounds, fintech launches, and private-market momentum — monthly, with extra editions when news volume warrants.
Tech Startups · Finanzas Digital
Aug 10, 2026
Watch for confirmation that the sale closes and for any disclosure of the resulting ownership structure, transaction terms or operating arrangements for the Venezuelan portion of Cocuina-Manakin.