Valaris, a major offshore drilling contractor, has officially set up an office in Port of Spain, Trinidad. The company operates the world’s largest offshore drilling fleet, working across six continents in nearly every major offshore basin.
Guyana’s President Dr. Mohamed Irfaan Ali has said current levels of global energy investment are not enough to meet rising demand, as he called for a more balanced approach to energy security and the energy transition.
Trinidad and Tobago could be positioned to play a central role in the monetisation of new gas resources from Venezuela, following BP’s recent memorandum of understanding with the Venezuelan government for the exploration of natural gas in the Loran offshore area.
St. Kitts and Nevis has launched a competitive tender for a major solar and battery energy storage project, marking an important step in the Federation’s efforts to reduce reliance on imported fuel and strengthen energy security.
Italian energy company Eni has signed a programmatic agreement with Venezuela’s Ministry of Hydrocarbons and state-owned Petróleos de Venezuela S.A. (PDVSA) to relaunch oil activities at the Junín-5 project in the Orinoco Belt, marking another step in Venezuela’s renewed push to rebuild its hydrocarbons sector.
ExxonMobil Guyana has secured the Noble Developer semi-submersible rig for a one-well contract in the Stabroek Block, marking a strategic expansion into shallow-water exploration. The agreement, set to commence in early 2027 at a day rate of $375,000, targets a prospect that the operator noted cannot be serviced by its existing deepwater fleet. While the specific prospect remains unnamed and the targeted hydrocarbon type unspecified, the deployment underscores a diversification of drilling activity within the prolific offshore block.
The National Gas Company of Trinidad and Tobago (NGC) has signed a new gas supply agreement with EOG Resources Trinidad, concluding negotiations eight months ahead of schedule, the state-owned company announced on Friday.
Energy services firm Wood and startup Eclipse Energy have signed a preliminary agreement to commercialize a technology that converts depleted oil fields into hydrogen production hubs. The partnership aims to scale "subsurface hydrogen," a process that uses microbiology and existing oilfield infrastructure to generate fuel at a lower cost than traditional greenfield projects. The move comes as the energy industry faces mounting pressure to find economically viable ways to produce low-carbon hydrogen.
Venezuela and BP have formalized a strategic agreement to develop the Cocuina-Manakin gas field, a cross-border offshore deposit that marks the company’s significant return to the country. The partnership, announced by Acting President Delcy Rodríguez, aims to leverage advanced technical expertise to tap into the country’s vast gaseous hydrocarbon reserves on the Deltana Platform, a move expected to bolster Venezuelan energy independence while positioning the country as a more assertive player in the regional energy market.
Shell plc has entered into an agreement to acquire Canadian energy company ARC Resources Ltd., in a transaction that will strengthen Shell’s natural gas and liquids position in Western Canada.
A C-suite executive recently shared this with me, and it reflects a frustration felt by senior managers not only across Trinidad and Tobago, but around the world.
bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio.
Spanish energy company Repsol has signed an agreement with the Venezuelan Ministry of Hydrocarbons and state-owned Petróleos de Venezuela, S.A. (PDVSA) that could allow the company to increase oil production from its Venezuelan operations over the next three years.
Dominica’s geothermal power project has entered a new stage, with electricity now being supplied to the national transmission system as final commissioning work continues at the 10-megawatt plant in Laudat. According to local reports and project updates, the facility began feeding power into the grid at the end of March, marking one of the clearest signs yet that the project is moving from construction into live operation.
Energy infrastructure for a major onshore natural gas project has arrived in Trinidad and Tobago, Canadian-based operator Touchstone Exploration Inc. signaling a ramp-up in domestic production. The shipment of compressor equipment, transported from Houston to the Port of Point Lisas, is destined for the Cascadura project located in the Ortoire block. Touchstone described the delivery as a "major step" in advancing one of the country's most significant recent onshore gas developments.
Guyana’s temporary fuel shortage this month was a reminder that oil production and fuel security are not the same thing. Newsroom Guyana reported that the disruption left motorists questioning how shortages could emerge in one of the world’s fastest-growing oil producers, before the government said new shipments were on the way and urged the public not to panic buy. That has relevance for Trinidad and Tobago. The accompanying chart, based on Ministry of Energy and Energy Industries monthly bulletins, shows that the country has continued to import sizeable volumes of refined petroleum products since the refinery closure.
The University of the West Indies (UWI), St Augustine Campus, has received a CAD$100,000 grant from Scotiabank’s Climate Action Research Fund to support a green hydrogen research project aimed at helping decarbonise Trinidad and Tobago’s petrochemical sector. The funding was announced on April 21, 2026.
Caribbean Gas Chemical Limited (CGCL) recently welcomed a delegation from the Japan Bank for International Cooperation (JBIC), for an official site visit. The delegation included Mr. Yasukazu Oono, Director, Energy Solution Finance Department, and Mr. Ryuji Nakajima from the Energy Solution Finance Department.
bp has announced a significant gas and condensate discovery offshore Egypt following the successful drilling of the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean.
BBC’s report on the arrival of the tanker Minerva Gloria near Chevron’s Pascagoula refinery in Mississippi, carrying 400,000 barrels of Venezuelan crude, may look like a routine refinery story. It is more significant than that. The shipment points to Venezuelan oil moving back into major U.S. refining systems in a way that would have been unthinkable only months ago. We are currently seeing how Venezuela is re-entering regional energy trade in a more practical, commercially visible way.