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Staatsolie has announced that Chevron Suriname Exploration Limited will begin drilling this month on the exploration well, named Korikori-1. This well is located approximately 78 kilometers offshore, in the northern part of Block 5, at a water depth of approximately 40 meters. Block 5 is operated by Chevron (40%) in partnership with Paradise Oil Company (40%) and Qatar Energy (20%).
The Attorney General of Trinidad and Tobago, John Jeremie, has announced that the Department of the Treasury of the U.S. has granted the OFAC license to pursue the exploration of the Dragon gas field in Venezuela.
Over the last 20 years, the revenue received by the central government from the energy sector has seen significant annual fluctuations. The general pattern has been that revenue received over the last 10 years (147 billion dollars) has been considerably less than the revenue received during the previous decade (236 billion dollars).
Petroperú has launched two strategic processes to hire a company specializing in the Comprehensive Transformation of Petroperú SA and to conduct a Forensic Analysis of the New Talara Refinery.
The International Maritime Organization (IMO) has set forth a Net-Zero Shipping Framework (NZF) with the intention of reducing emissions in the maritime sector. It was approved in April 2025 and is set for adoption in October 2025, pending a vote which will take place during the Marine Environmental Protection Committee meeting from October 14th – 17th.
The Energy Chamber has long been a dedicated supporter of the Ocean Conservancy’s International Coastal Cleanup. For the past decade, we've collaborated with our member companies and various NGOs to clean up beaches at Carli Bay in Couva, Vessigny Beach in La Brea and Quinam Beach, on the coast due south of Siparia. Over time, we've focused more of our efforts on Quinam Beach, which remains a beautiful southern Trinidadian gem, despite the significant trash accumulation it faces.
Proman has announced that its upstream company DeNovo Energy Limited, is now Proman Energy Limited. The rebrand reflects the integral role of the upstream business within Proman’s operations and ensures greater alignment and visibility across our integrated value chain.
ExxonMobil has made a final investment decision for the Hammerhead development offshore Guyana, after receiving the required regulatory approvals. Hammerhead, the seventh project on the Stabroek block, is anticipated to come online in 2029.
The Energy Chamber of Trinidad & Tobago warmly welcomes the announcement from the Honourable Kamla Persad Bissessar, Prime Minster of Trinidad & Tobago, that the Government of the United States intends to issue new OFAC licenses to allow discussions to continue with Venezuela, for the development of cross-border hydrocarbon resources.
BLISS has opened its 6th Safety Store and 2nd The Boot Store at Atlantic Plaza, Point Lisas. The company said that this one-stop source for PPE and safety footwear will serve Trinidad and Tobago’s industrial estate, supporting downstream operators, contractors, on-site teams, and DIY enthusiasts in the area.
Saipem has received authorization from ExxonMobil to proceed with the execution of the activities provided for the engineering, procurement, construction and installation (EPCI) offshore contract for the development project of the Hammerhead oil field, located in the Stabroek block off Guyana at a depth of approximately 1,000 meters. The contract value is approximately 500 million USD.
TechnipFMC has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.
Ramps Logistics has been shortlisted for the 2025 Breakbulk Awards, marking the first time a technology created in the Caribbean has been recognized at this world stage.
The University of the West Indies has seen lower enrolment for engineering degrees for both undergraduate and graduate programmes. Data from the University's Statistical Digests show that from academic year 2015 to 2024, enrolment fell by 38%. The enrolment of males fell by 34% while the enrolment of females fell fast, by 44%.
Nine of the major local and regional upstream oil and gas producers recently presented their near-medium term plans to over 230 members of the Energy Chamber at the annual Upstream Operators Forum 2025. The annual Upstream Operators Forum is a members-only event at which major oil and gas companies present details of current and upcoming activity and business opportunities with the major upstream companies operating in Trinidad & Tobago. Service company and contractor members also have the opportunity to talk with members of the operator companies' procurement teams to discuss any specific issues and opportunities.
The Energy Chamber along with its members participated in the International Coastal Clean-up (ICC) 2025 at Quinam Beach, located in south Trinidad. The clean-up took place on Saturday, September 20, 2025.
Ravi Tewari has been appointed the new chairman of NewGen Energy Limited, the company behind one of Trinidad & Tobago's hydrogen projects. Tewari's appointment became official during a visit to HDF Energy's high-powered hydrogen fuel cell factory in Bordeaux, France recently.
Dr the Honourable Roodal Moonilal Minister of Energy and Energy Industries along with Permanent Secretaries at the Ministry of Energy and Energy Industries met twice in the recent past with ExxonMobil officials and remain engaged with the company on the progress of the operations related to the recently awarded block TTUD-1.
Data from the Trinidad and Tobago Occupational Safety and Health Authority shows a downward trend in reported accidents from the fiscal year 2018/19 to the present across all economic activities. Over the last six periods, the number of reported accidents fell from 1,981 to 1,350, representing an approximately 32% reduction. Reports of critical accidents also fell from 79 to 51 over the same period. While the full fiscal year for 2024–2025 is not yet complete, data from October 2024 to June 2025 shows that OSHA recorded 1,005 accidents of which 48 were critical accidents, continuing this downward trend.
The 2025 Deepwater Bid Round closed today, revealing that the Ministry of Energy and Energy Industries received bids for four blocks. Three of the four bids came from the Chinese energy company, CNOOC International (China National Offshore Oil Corporation). CNOOC has placed bids for blocks TTDAA 30, TTDAA 25, and TTDAA 24. The other bid was received from STIT Energy and Ground Ports Consortium for block TTDAA 5.
