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Venezuela prods BP, Chevron to revive gas project near Trinidad, Guyana

Summary by Ground News
Venezuelan President Maduro is threatening to annex the disputed oil-rich region of Essequibo. If he follows through, analysts expect the US to reinstate sanctions and potentially revoke a special license that allowed the oil supermajor to resume operating in Venezuela. Chevron expects its Hess deal to close in the first half of 2024.

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Rigzone broke the news in on Friday, December 8, 2023.
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