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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

BW Energy pulls capex guidance as rig loss stalls Gabon drilling

Brazil’s ANP overhauls rules for assigning E&P contracts, scraps partnership review committee

Petrobras hits record 3.51 MMboed in Q3 as Búzios and Mero FPSOs ramp up

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