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ADNOC-backed XRG enters Venezuela with stake in 4-Tcf Loran gas license

ADNOC-backed XRG enters Venezuela with stake in 4-Tcf Loran gas license

by Offshore Reporter | Aug 13, 2026 | Offshore

XRG is entering Venezuela through an interest in the offshore Loran gas license alongside bp and UCC, giving the ADNOC-backed company exposure to more than 4 Tcf of proven gas resources.

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ADNOC-backed XRG enters Venezuela with stake in 4-Tcf Loran gas license

Latest News

MODEC deploys Shape Digital AI flare technology across 10 Brazil FPSOs

MDL technology supports deepwater decommissioning in Brazil’s Campos basin

Borr Drilling divests Mexico joint venture stake, retains three jackup rigs

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