TotalEnergies and Eni have approved the first commercial development of offshore natural gas in Cyprus, advancing a project that is expected to supply LNG to international markets from 2028.

The partners announced a FID for the Cronos gas field in Block 6 offshore Cyprus. The project will produce natural gas for processing in Egypt before being liquefied at the Damietta LNG plant and exported, with TotalEnergies and Eni each marketing half of the LNG volumes.

The Energy Chamber of Trinidad and Tobago acknowledges the announcement by the Office of the United States Trade Representative (USTR) confirming Trinidad and Tobago's placement in the lowest tariff bracket, 10 percent, following the conclusion of the Section 301 investigation into forced labour enforcement among 60 of the United States' largest trading partners.

The Curaçao government is actively working to establish the island as a premier regional logistics hub for the rapidly expanding offshore oil industries of Guyana and Suriname. Finance and Traffic, Transport, and Urban Planning Minister Charles Cooper recently outlined this strategic vision to Dutch State Secretary for Kingdom Relations Eric van der Burg during a comprehensive tour of Curaçao’s harbor.

Traditionally, energy security has been associated with the availability of natural gas resources and the reliability of supply. The Gas Exporting Countries Forum (GECF) says recent geopolitical tensions have brought another factor into sharper focus: the security of LNG shipping routes that connect exporters with buyers around the world.

The Western Australian government has granted "State Significant Project" status to Woodside Energy's proposed Browse to North West Shelf (NWS) offshore development, prioritizing the regulatory approval path for what is considered the country's largest untapped conventional gas resource.

Guyana has introduced what the Guyana Technical Training College Inc. (GTTCI) describes as the Caribbean’s first training programme dedicated to instrumentation technicians for floating production, storage and offloading (FPSO) vessels, expanding the country’s efforts to develop specialised skills for its growing offshore oil industry, according to OilNOW.  

Navantia UK has completed the delivery of subsea structures for an offshore gas development in Trinidad and Tobago, with the equipment now installed approximately 100 kilometres off the country’s east coast.

Global gas flaring climbed to its highest level in five years in 2025, with producers burning an estimated 167 billion cubic metres (bcm) of natural gas, according to the World Bank’s 2026 Global Gas Flaring Tracker Report.

Shell’s recent move to develop Venezuela’s Loran gas field could catalyze the creation of a massive Caribbean gas corridor centered on Trinidad and Tobago’s existing energy infrastructure. On June 11, Venezuela signed five strategic agreements with the energy giant, formalizing Shell's participation in the first phase of Loran’s development and covering additional oil and gas activities in the region.

Canadian independent New Stratus Energy is advancing discussions on five oil opportunities in Venezuela while preparing to finalize a joint venture agreement in Colombia, according to BNamericas.  

Shell has approved a major investment in The Bahamas, taking a final investment decision (FID) on a new liquefied natural gas (LNG) regasification terminal that is expected to support the country’s shift away from diesel and fuel oil for electricity generation. 

Touchstone Exploration has brought the new booster compressor at its Cascadura natural gas facility into service, completing an infrastructure project aimed at improving gas production from the onshore field in Trinidad. 

The Energy Chamber of Trinidad and Tobago stands in solidarity with Guyana following the capsizing of the MV Barima off the coast. The incident occurred late on the night of July 18 at approximately 11:00 p.m., while the ferry was making its scheduled journey from Georgetown to Port Kaituma.

SBM Offshore, its joint venture partner Technip Energies, TotalEnergies EP Suriname and French technology company Beyond the Sea have agreed to evaluate a wind-assisted towing system for the GranMorgu floating production, storage and offloading (FPSO) vessel being built for Suriname’s first offshore oil development.

ExxonMobil is nearing the completion of its seismic acquisition program on Block TTUD-1 offshore Trinidad and Tobago, capping off a highly active first contract year that included significant financial and developmental investments in the country.

Trinidad and Tobago’s oil production is projected to increase from 57,300 barrels per day in fiscal year 2026 to approximately 74,600 barrels per day by fiscal year 2029, according to Energy Minister Dr. Roodal Moonilal. 

Business conditions in Trinidad and Tobago’s energy services sector remained mixed during the second quarter of 2026, according to the latest Energy Services Sector Survey (ESSS) conducted by the Energy Chamber of Trinidad and Tobago. 

TotalEnergies has shipped the first liquefied natural gas (LNG) cargo produced by the ECA LNG Phase 1 export terminal in Baja California, Mexico, marking a key milestone as the project advances through commissioning. 

National Energy Corporation says its Port of Galeota has completed another specialised marine logistics operation, supporting the delivery and offloading of seven marine hose racks weighing a combined 57.6 metric tonnes ahead of upcoming regional offshore work.