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BP BP Plc

39.48
0.14 (0.36%)
Pre Market
Last Updated: 12:01:53
Delayed by 15 minutes
Name Symbol Market Type
BP Plc NYSE:BP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.14 0.36% 39.48 12,353 12:01:53

Venezuela Rejected BP Plan to Buy Total SA Stake in Gas Project -Reuters

26/11/2018 7:47pm

Dow Jones News


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--A BP PLC (BP, BP.LN) proposal to buy Total SA's (TOT, FP.FR) 49% stake in a natural gas project was rejected by Venezuela's oil ministry in October, Reuters reported Monday. Equinor ASA (EQNR, EQNR.OS) owns 51%.

--The project is on the maritime border with Trinidad and Tobago, and BP owns the rights to the Trinidadian side. The ministry said the area's reserves needed to be re-estimated, according to the report.

 

https://www.reuters.com/article/us-venezuela-total-bp-exclusive/exclusive-venezuela-rejected-bp-bid-to-buy-totals-stake-in-gas-block-sources-idUSKCN1NV2B9

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

November 26, 2018 14:32 ET (19:32 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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