BP p.l.c. (NYSE:BP) and Trinidad and Tobago’s state energy firm NGC reportedly received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela. Minister Stuart Young said in a briefing that BP and NGC are now allowed to plan a project involving an offshore reservoir with about 1 trillion cubic feet (tcf) of gas reserves that extends from Venezuela to Trinidad, reported Reuters. As per the report, the authorization is the second issued by the U.S. for energy projects between the two ...