Statement by the Energy Chamber of Trinidad and Tobago on the 2026/2027 National Budget

Statement by the Energy Chamber of Trinidad and Tobago on the 2026/2027 National Budget

The Energy Chamber of Trinidad and Tobago welcomes the Government’s recognition in Budget 2027 that the energy sector "remains the main pillar of our economic strength" and the source of over 70 percent of the country’s foreign exchange earnings. We welcome the momentum on new gas supply, the Energy Accelerator Hub and the commitment to reform the VAT system. The Chamber shares the Government’s goal of re-igniting the sector. Higher production is the most sustainable source of revenue for the country, and achieving it requires clear policy and a competitive fiscal environment.

Sleipnir advances major offshore installation campaign in Trinidad

Sleipnir advances major offshore installation campaign in Trinidad

Heerema Marine Contractors' flagship heavy lift vessel, Sleipnir, has commenced a significant offshore installation campaign offshore Trinidad, involving the transportation and installation of two offshore platform jackets and topsides for two separate energy operators.

TechnipFMC awarded flexibles contract by Petrobras

TechnipFMC awarded flexibles contract by Petrobras

TechnipFMC has been awarded a significant subsea contract by Petrobras, following a competitive bidding process, to supply flexible pipe systems supporting developments offshore Brazil.

Equinor and Shell partner on the Bay du Nord project Canada

Equinor and Shell partner on the Bay du Nord project Canada

Equinor and Shell have signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada. The transaction supports the continued maturation of Bay du Nord towards an investment decision currently targeted for early 2027.

Shell books Deepsea Mira for Trinidad and Tobago, Caribbean drilling programme

Shell books Deepsea Mira for Trinidad and Tobago, Caribbean drilling programme

Northern Ocean has signed a contract with a Shell subsidiary for the Deepsea Mira drilling rig, with operations expected to begin in April 2027.

The firm programme will cover Trinidad and Tobago and the wider Caribbean for an estimated 150 days. Northern Ocean said the contract is worth about US$70 million, including mobilisation and demobilisation costs. Shell also has an option for an additional one-year programme, which could increase the total contract value to about US$226 million.

SLB meets with Ministers of Energy and Energy Industries

SLB meets with Ministers of Energy and Energy Industries

Dr. The Honourable Roodal Moonilal, Minister of Energy and Energy Industries, together with Minister in the Ministry of Energy and Energy Industries, The Honourable Ernesto Kesar; Permanent Secretary, Ms. Karinsa Tulsie; and Chief Technical Officer, Mr. Marc Rudder, met with executives of SLB at the Head Office of the Ministry of Energy and Energy Industries, International Waterfront Complex.

British High Commission and UWI release carbon pricing report

British High Commission and UWI release carbon pricing report

The British High Commission in Port of Spain, in collaboration with UWI St. Augustine, launched the ‘Assessment of National Carbon Pricing Policies in Trinidad and Tobago’, a study examining how carbon pricing could support climate action while contributing to the country's long-term development objectives.

TOFCO achieves 1 million inches welded in one year

TOFCO achieves 1 million inches welded in one year

Trinidad Offshore Fabricators Unlimited (TOFCO) has announced that it has successfully completed over 1 million inches of structural welding in one year, with a structural weld repair rate of just 0.138%.

NGC to acquire 100% of the EOG gas from Coconut development

NGC to acquire 100% of the EOG gas from Coconut development

The National Gas Company of Trinidad and Tobago (NGC) has signed a term sheet with EOG Resources and bpTT to acquire 100% of EOG’s natural gas volumes from the offshore Coconut development, Chairman Gerald Ramdeen announced.