BP has announced plans to develop the second phase of the Loran gas field offshore Venezuela in partnership with two oil companies closely tied to the Trump administration, marking one of the first large-scale foreign investments in the country since the US toppled Nicolás Maduro in January. The deal makes BP one of the first major international oil companies to return to Venezuela, after rival Shell secured the license for phase one earlier this summer.

Aug 14, 2026

Economy

BP chairman ousted after 8 months over governance and conduct issues

Albert Manifold was immediately removed as BP's chairman after 8 months due to serious concerns over governance, oversight, and behavior. The company's shares fell more than 4% in both US and UK markets.

May 26, 2026

World

298 Kenyans Sue BP, Government Over Cancer-Linked Oil Waste

Residents of Kargi village in northern Kenya have sued BP and the government over toxic waste from 1980s oil exploration, alleging it caused a cancer cluster that killed over 500. Independent tests suggest heavy metal contamination of local water, but no causal link has been established. Plaintiffs demand environmental assessment, clean water, and compensation.

May 8, 2026