BP in Talks to Offload Aging Trinidad Gas Assets to Perenco

BP plc (BP) , a multinational oil and gas giant, is on the verge of finalizing an agreement to offload a portion of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, per a Reuters report.This strategic move comes amid discussions surrounding BP's declining gas output and its plans for collaborative ventures in the Caribbean.BP stands as the largest natural gas producer in Trinidad, boasting an output of more than 1.3 billion cubic feet per day (bcf/day). The majority of this ou ...