Valaris has completed a two-well workover and completion campaign for bp Trinidad and Tobago nearly 17 days ahead of schedule, bringing the company’s latest offshore assignment in Trinidad to an early close.
Trinidad and Tobago’s liquefied natural gas (LNG) exports to regional markets edged higher in 2025, reaching 10.7 billion cubic metres (bcm). The increase followed two consecutive years of lower export volumes and reflected a modest recovery in domestic LNG production, even as competition in the global market continued to intensify.
Saipem has officially started its operations for the offshore GranMorgu project in Suriname, with the arrival of the multipurpose construction vessel Normand Navigator at the commercial port of Jules Sedney Harbour, in Paramaribo. The vessel is now moored and set to begin the preliminary activities.
SBM Offshore has announced it has signed the project financing of FSO Chalchi for a total amount of US$465 million.
Subsea7 has announced the award of a sizeable1 contract by Brunei Shell Petroleum (BSP). The contract covers the subsea installation for a Pipeline Replacement Project, offshore Brunei. Subsea7 defines a sizeable contract as being between $50 million and $150 million.
The Caribbean Development Bank (CDB) has approved a grant of US$100,000 to the Caribbean Community (CARICOM) Private Sector Organization Inc. (CPSO) to support a study that will assess the feasibility and inform the design of a Regional Stock Exchange for participating states of the CARICOM Single Market and Economy (CSME).
Guyana’s National Assembly has approved an additional $91.5 million to accelerate construction on the country’s flagship gas-to-energy project, passing the measure without opposition scrutiny due to a parliamentary boycott.
BP has started up its Atlantis Major Facility Expansion project in the US Gulf of America, adding two new subsea water injection wells to one of the company's longest-running deepwater assets.
Dr the Honourable Roodal Moonilal Minister of Energy and Energy Industries, and the Honourable Ernesto Kesar Minister in the Ministry of Energy and Energy Industries held discussions with a delegation from the United States Embassy in Port of Spain, Trinidad and Tobago led by Mr Philip Kern, Chargé d’Affaires.
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.