Shell and BP Seek U.S. Sanctions Waivers to Develop Offshore Gas Discoveries in Trinidad and Venezuela
Shell and BP have submitted applications to the U.S. Office of Foreign Assets Control (OFAC) for licenses that would permit them to develop offshore natural gas deposits located in and around Trinidad and Tobago and Venezuela, according to statements by Trinidad’s energy minister Roodal Moonilal. Shell is pursuing permission to work on the Loran-Ma…