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Global electricity generation reached a record 32,202 terawatt-hours (TWh) in 2025, capping a decade of steady growth as rising demand from industry, households, transport and digital infrastructure placed increasing pressure on power systems worldwide.
Brazil’s oil and gas regulator has approved the development plan for Shell’s Orca and Sul de Orca project in the pre-salt Santos Basin, clearing another regulatory milestone for the development ahead of planned production in 2029.
Argentina LNG has applied to join the country’s large-investment incentive programme for a US$51 billion project aimed at turning Vaca Muerta gas into a new source of LNG exports.
The United States is offering more than 80 million acres in the Gulf of Mexico for oil and gas leasing as the government continues a new schedule of regular offshore auctions.
Appointment of Dr. Priya Marajh as President and CEO, Energy Chamber of T&T
bp and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area. Loran Phase 2 contains an estimated 4 trillion cubic feet of recoverable gas resources.
Ibis Steel Company of Trinidad and Tobago Limited, a subsidiary of Pinnacle Steel & Vanadium Corporation (PSVC), has officially launched its operations at the Point Lisas Industrial Estate.
Trinidad and Tobago’s crude oil and condensate production averaged 54,209 barrels per day during the first three months of 2026, building on the gains recorded last year and offering an encouraging indication that the country’s long decline in oil output may be easing.
Norway-based maritime operator DOF Group has secured firm contracts to deploy two of its anchor handling tug supply (AHTS) vessels in the Caribbean Community (CARICOM) region.
The Dominican Republic has cleared the next stage of operational testing at the Manzanillo Power Land gas-fired power plant, bringing the 437.71 MW combined-cycle facility closer to full operation.
New Providence Gas (NPG), the joint venture developing an LNG import terminal in The Bahamas, has selected Norwegian company ECOnnect Energy to supply a floating LNG transfer system for the project.
The Commissioner of State Lands has vested in NGC the title to the lands upon which the Beachfield gas processing facility in Guayaguayare stands. This marks an important milestone in the advancement of the Manatee Project.
The Energy Chamber of Trinidad and Tobago has, for the first time, convened a task force comprised of female professionals from member companies representing the entire energy value chain.
bp has agreed to acquire Woodside Energy’s 70% interest in Block TTDAA 14, the Calypso gas project in Trinidad and Tobago, increasing bp’s stake to 100% and assuming operatorship.
The Government of Grenada has terminated the Development Licence and Production Sharing Agreement (PSA) it held with Global Petroleum Group (GPG), ending an offshore oil and gas arrangement that dates back nearly two decades without reaching commercial production.
Valaris has completed a two-well workover and completion campaign for bp Trinidad and Tobago nearly 17 days ahead of schedule, bringing the company’s latest offshore assignment in Trinidad to an early close.
Trinidad and Tobago’s liquefied natural gas (LNG) exports to regional markets edged higher in 2025, reaching 10.7 billion cubic metres (bcm). The increase followed two consecutive years of lower export volumes and reflected a modest recovery in domestic LNG production, even as competition in the global market continued to intensify.
Saipem has officially started its operations for the offshore GranMorgu project in Suriname, with the arrival of the multipurpose construction vessel Normand Navigator at the commercial port of Jules Sedney Harbour, in Paramaribo. The vessel is now moored and set to begin the preliminary activities.
SBM Offshore has announced it has signed the project financing of FSO Chalchi for a total amount of US$465 million.
Subsea7 has announced the award of a sizeable1 contract by Brunei Shell Petroleum (BSP). The contract covers the subsea installation for a Pipeline Replacement Project, offshore Brunei. Subsea7 defines a sizeable contract as being between $50 million and $150 million.
