Gasoline prices in the Caribbean

Gasoline prices in the Caribbean

Gasoline prices vary from country to country because each country adopts their own policies for setting the price at the pump, including price regulation, subsidies and taxes. In many countries prices also fluctuate over time, in response to changing international commodity prices.

In the Caribbean region, the price of gasoline varies significantly from country to country, with the most expensive being more than double the cheapest.  The country with the cheapest gasoline in the region in July 2025 is Guyana, while the most expensive is Barbados. Trinidad and Tobago sits in the third position, when arranged from cheapest to most expensive.

T&T government expanding wind energy assessments 

T&T government expanding wind energy assessments 

Speaking at a validation workshop for the European Union-funded "National Wind Energy Action Plan", the T&T Minister of Energy and Energy Industries, Hon. Dr. Roodal Moonilal, indicated that the ongoing wind resource assessment is being expanded.  Two additional wind measurement devices will shortly be deployed to cover the Los Iros/Santa Flora and Toco/Manzanilla areas, which had previously been identified as potential good sites for wind turbines to be located. 

Massy Wood hosts interns from Guyana

Massy Wood hosts interns from Guyana

Massy Wood welcomed three engineering interns from the University of Guyana – Ariff Yusuf, Daniel Sookhai, and Zion Desir – for a week-long immersion into the company’s operations across Trinidad.

T&T wins award for green hydrogen pilot project

T&T wins award for green hydrogen pilot project

Ministry of Energy & Energy Industries and National Energy Corporation of Trinidad and Tobago Limited have won the Best Government Initiative Industry Award at the 2025 Hydrogen Latin America and Caribbean (H2LAC) Industry Awards. The announcement was made during the H2LAC Conference held in São Paulo, Brazil.

Perenco jumps to 2nd largest oil and gas producer in T&T

Perenco jumps to 2nd largest oil and gas producer in T&T

Last week, Perenco announced that they completed the acquisition of Woodside’s producing oil and gas assets in Trinidad & Tobago. This move, along with their acquisition of bpTT’s Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields earlier this year, solidifies the company as a major oil and gas producer in T&T.  In fact, based on Q1 2025 production data it is estimated that Perenco will now be the 2nd largest producer of oil and gas in terms of barrel of oil equivalence, second to bpTT and is followed by Shell and EOG Resources.

Reuters: Exxon in talks with Trinidad for deepwater blocks

Reuters: Exxon in talks with Trinidad for deepwater blocks

Reuters has reported that two sources have indicated that ExxonMobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the country.

Chevron expansion in the Southern Caribbean

Chevron expansion in the Southern Caribbean

Last week, Chevron announced that it completed the acquisition of Hess Corporation. A major hiccup for the acquisition was overcome after winning a landmark legal battle against larger rival ExxonMobil.  The arbitration case was centered on Hess's 30 percent interest in the Stabroek Block, offshore Guyana where Exxon holds 45 percent and is the operator of the block while CNOOC holds 25 percent.   

Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in new energy supply

Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in new energy supply

Marubeni Corporation (Marubeni) and Exxon Mobil Corporation (Exxon) have signed a long-term offtake agreement for approximately 250,000 tonnes of low-carbon ammonia per year from ExxonMobil’s facility in Baytown, Texas, which is expected to produce virtually carbon-free hydrogen with approximately 98% of CO2 removed and low-carbon ammonia.

Rapid growth of global EV sales

Rapid growth of global EV sales

The pace of electric vehicle (EV) sales is picking up around the world. In fact, in 2024, electric car sales surpassed 17 million worldwide, increasing by more than 25% from 2023. The global stock of EVs is currently around 58 million vehicles and the penetration of EVs into the global market has displaced over 1 million barrels per day of oil consumption in 2024.

SLB completes acquisition of ChampionX

SLB completes acquisition of ChampionX

SLB has announced that it has closed its acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB’s outstanding shares of common stock.

Minister Moonilal meets with Atlantic Execs

Minister Moonilal meets with Atlantic Execs

Dr. The Honourable Roodal Moonilal, Minister of Energy and Energy Industries and senior members of the Ministry, met with Atlantic LNG executives, Jean Andre Celestain, Chief Executive Officer (CEO) and Vincent Pereira, Chairman.

Touchstone projects higher output from Central Block

Touchstone projects higher output from Central Block

Touchstone Exploration through its wholly owned Trinidadian subsidiary, recently completed a 100% acquisition of the share capital of Shell Trinidad Central Block Limited. The acquired entity, now renamed Touchstone Trinidad Central Block Ltd., holds a 65 percent operating interest in the onshore Central Block exploration and production licence. Heritage Petroleum Company Limited holds the remaining 35 percent participating interest. The Central Block asset includes four producing natural gas wells and a gas processing facility.

Completion of Perenco’s acquisition of oil & gas fields from Woodside Energy in Trinidad & Tobago

Completion of Perenco’s acquisition of oil & gas fields from Woodside Energy in Trinidad & Tobago

Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (“CAFI”) fields, aligns Perenco as a major oil and gas producer in country.

Minister Kesar delivers remarks at Renewable Rivalry National Competition

Minister Kesar delivers remarks at Renewable Rivalry National Competition

The Honourable Ernesto Kesar, Minister in the Ministry of Energy and Energy Industries accompanied by Karinsa Tulsie, Permanent Secretary (Ag.) and representatives of the Renewable Energy Division of the Ministry of Energy and Energy Industries attended the Prize Giving Ceremony of the Renewable Rivalry National Competition. The event was hosted by the University of Trinidad and Tobago (UTT).