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.
The Upper Cretaceous play in the Guyana-Suriname Basin is entering a more mature phase following several years of exploration success, according to Westwood Global Energy Group’s latest State of Exploration 2026 insight.
DOF Group ASA has secured a three-year contract for its vessel Skandi Involver to support subsea operations in Guyana’s Stabroek Block, where ExxonMobil Guyana continues to expand offshore development activities.
Oceaneering has begun a cross-regional offshore survey programme using its upgraded research vessel, Ocean Intervention II (OI2), under new contracts supporting offshore development projects in Trinidad and the U.S. Gulf.
Tenaris has announced that operations have started at its new service center in Suriname, built to support the GranMorgu project, the country’s first major offshore development, operated by TotalEnergies, with APA Corporation and Staatsolie Maatschappij Suriname N.V. as partners. Located in Paramaribo, the center will provide integrated services for offshore operations, reinforcing Tenaris’s commitment to the development of Suriname’s energy sector.
Global offshore drilling activity eased in 2025 and remained broadly stable during the first five months of 2026, following a strong increase in 2024.
The rig count is a standard measure of activity in the oil and gas industry. It refers to the number of active drilling rigs in operation at any given time. It is a key indicator of the health of the industry and also a useful indicator of future production, investor confidence, and demand for energy support services, particularly drilling-related services and equipment.
PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), has recorded two new discoveries and achieved a successful appraisal in Suriname's offshore Block 52, bringing its cumulative achievements in the country to a total of eight successful wells and collectively unlocking recoverable resources of more than one billion barrels of oil equivalent.
Methanex Corporation has announced that it has been unable to agree to a new natural gas contract for its Titan methanol plant in Trinidad and Tobago (860,000 tonnes per year capacity) and, as a result, will begin the process of indefinitely idling the facility.