Trinidad and Tobago’s natural gas sector could receive a meaningful boost from 2027 as regional cooperation gains momentum and a new wave of upstream projects led by bp and Shell moves towards first gas. These developments are expected to provide welcome relief to the downstream sector and improve feedgas availability for LNG operations. While they may not fully close the country’s supply gap, they create a stronger platform for growth and reinforce the importance of cross-border gas as part of a longer-term solution.
Reuters has reported that Shell is in advanced negotiations with the Venezuelan government to expand its footprint in the country, targeting four major natural gas areas near the maritime border with Trinidad and Tobago.
The United States government, through its Office of Foreign Assets Control (OFAC), has updated its Frequently Asked Questions (FAQs) regarding Venezuela Sanctions. In response to question 1247, “Do non-U.S. persons face sanctions risk for engaging in transactions authorized by General Licenses (GL) 46B, 51A, and 52?” the office indicated that they do not.
The Carapal Ridge 3 well was successfully tied into Touchstone Exploration’s Central block natural gas facility and brought onstream. According to the company, the well is currently flowing natural gas and condensate as it continues to recover drilling and completion fluids.
SBM Offshore has announced that it has been awarded contracts by ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation, to perform Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the Longtail development project in Guyana.
Minister of Energy and Energy Industries, Dr. The Honourable Roodal Moonilal, and Minister in the Ministry of Energy and Energy Industries, The Honourable Ernesto Kesar, along senior members of the Ministry, met with representatives from EOG Resources.
The Honourable Ernesto R. Kesar, Minister in the Ministry of Energy and Energy Industries; Mrs. Karinsa Tulsie Permanent Secretary (Ag.), Ministry of Energy and Energy Industries; and Mrs. Sheena Gosine, Energy International Relations and Affairs Advisor to the Minister at the Ministry of Energy and Energy Industries, welcomed a high-level delegation from the Embassy of the Republic of Colombia to the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head Office, Port-of-Spain on 19th March 2026.
The latest Energy Services Sector Survey (ESSS), conducted by the Energy Chamber, reveals a decline in both the volume and value of business during the first quarter of 2026. According to the findings, 60% of respondents reported that the value of their business was lower than normal, while 56% indicated that their volume of business fell below typical levels.
The National Gas Company of Trinidad and Tobago Limited (NGC) has announced the successful execution of another Gas Sales Contract (GSC) with downstream petrochemical producer, Trinidad Nitrogen Company Limited (TRINGEN). TRINGEN is one of the longest-operating ammonia producers on the Point Lisas Industrial Estate.
Energy giant bp has awarded a significant drilling contract to Noble Corporation for work in Trinidad and Tobago. The agreement, confirmed in Noble’s 2025 full-year results, will see the semi-submersible rig Noble Developer deployed for a three-well campaign scheduled to commence in the first quarter of 2027.
Oil prices have surged in recent days as escalating conflict between the United States and Iran disrupts energy supply routes in the Middle East and raises concerns about one of the world’s most critical oil chokepoints. Brent crude, the global oil benchmark, climbed to around $91.98 per barrel, while U.S. West Texas Intermediate (WTI) rose to roughly $87 per barrel, reaching their highest levels since 2022 as traders priced in the risk of supply disruptions linked to the conflict. The price spike follows a series of attacks on vessels and energy infrastructure across the Gulf region as tensions intensified after U.S. and Israeli strikes on Iran in late February. The resulting instability has slowed tanker traffic and forced some shipping companies to suspend operations through the Strait of Hormuz, a key global oil transit corridor.
The National Gas Company of Trinidad and Tobago Limited (NGC)has announced the completion and execution of a new Gas Sales Contract (GSC) with Point Lisas Nitrogen Limited (PLNL) that guarantees the continued supply of natural gas to PLNL. The agreement represents a significant milestone for both organisations following a period of constructive engagement aimed at arriving at terms that advanced the interest of both entities.
The Cabinet of Trinidad and Tobago has approved the award of production-sharing contracts for offshore Blocks 24 and 25 to the China National Offshore Oil Corporation (CNOOC).
Shell has entered into several oil and gas agreements with the Venezuelan government, according to reports from Reuters. The agreements cover opportunities in both offshore gas and onshore oil and gas sectors.
Global carbon capture, utilisation, and storage (CCUS) deployment is projected to expand significantly over the next decade, with the steepest growth expected before 2030. Based on project-level data from the International Energy Agency (IEA) CCUS Projects Database 2025, cumulative operational carbon capture capacity could rise from just over 100 MtCO₂ per year in 2025 to more than 1,200 MtCO₂ per year by 2030, and approximately 1,370 MtCO₂ per year by 2035, assuming currently announced projects come online as scheduled.
Dr the Honourable Roodal Moonilal Minister of Energy and Energy Industries and Permanent Secretary (Ag.), Ministry of Energy and Energy Industries along with executives of the National Gas Company of Trinidad and Tobago Limited (NGC) met with executives from Nutrien Limited (Nutrien) on Monday 2nd March 2026 at the Ministry of Energy and Energy Industries International Waterfront Complex, Head Office, Port-of-Spain
As local oil, gas and petrochemical facilities reach and exceed their design life, there may be a strong business case for their continued operation. However, to justify this facility owners must undertake a Life Extension (LE) assessment to demonstrate that, despite degradation that may have occurred over time, these facilities can continue to function within existing HSE regulations at acceptable levels of risk and reliability. The assessment typically takes the form of a risk evaluation, and this article outlines three key factors, Organizational Readiness, Material Degradation and Obsolescence¹, that should be considered for aged offshore oil and gas facilities. These factors can also be applied to onshore and other petrochemical facilities with comparable high-risk profiles. Additionally, the UK’s Safety Case regulatory framework² is referenced, given its use in the local upstream and downstream sectors and the integration of LE as part of the framework.
Methanol production remains a critical component of Trinidad and Tobago’s downstream energy sector, contributing significantly to manufacturing output, foreign exchange earnings, and employment. Leveraging its natural gas resources, the country has established itself as one of the world's leading exporters of methanol, with production largely oriented toward international markets. As a value-added, gas-based industry, methanol plays an important role in supporting industrial activity beyond the extractive industry.
Perenco Trinidad & Tobago has completed a significant electrification upgrade across the Teak, Samaan and Poui (TSP) offshore fields, advancing efforts to extend the productive life of one of the country’s longest-producing offshore assets.
Exolum, Methanex Corporation and Ørsted, have announced the launch of the United Kingdom’s (U.K.) first commercially ready biomethanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low‑carbon fuel supply.
