The Energy Chamber of Trinidad and Tobago is encouraged by the recent meeting between the President of the Bolivarian Republic of Venezuela, Her Excellency Delcy Rodríguez Gómez, and the Prime Minister of the Republic of Trinidad and Tobago, the Honourable Kamla Persad-Bissessar S.C. MP. The discussions, held at the Permanent Mission of the Bolivarian Republic of Venezuela to the United Nations during the 81st session of the UN General Assembly, mark a significant step forward for regional cooperation.

Senegal and Eni have signed a memorandum of understanding to carry out preliminary studies on five offshore oil and gas blocks. 

Petrobras has signed a 20-year agreement with Sempra Infrastructure for the supply of liquefied natural gas (LNG) from the United States. 

Guyana is planning further investment in its electricity grid as power demand continues to rise across the country. 

Guardian Decommissioning has announced the official opening of its new office in Trinidad and Tobago, further strengthening its presence in the region and reinforcing its commitment to delivering safe, efficient and sustainable decommissioning solutions for the energy sector.

Proman and Dumore Enterprises announced the launch of four 100% methanol-powered Geely trucks at an event in Trinidad, representing the first such vehicles on the road outside of China, and placing Trinidad and Tobago at the forefront of an emerging application for methanol as a transportation fuel.

Guyana’s government expects initial firing and testing of the first turbine at the Wales Gas-to-Energy Project in December. The turbine is expected to provide about 57 megawatts (MW) to the national grid. 

Wood has been awarded a new $200 million contract by ExxonMobil PNG (EMPNG) for construction services in support of the EMPNG operated PNG LNG Project in Papua New Guinea (PNG).

PBS Group has completed its acquisition of Trinidad Systems Limited (TSL), purchasing the remaining 55% interest in the company.

TotalEnergies expects its Acacia-5 oil discovery to add 6,000 barrels per day to production from Angola’s Block 17. First oil is planned three months after the discovery was made in June 2026.

Chevron's joint ventures in Venezuela plan to invest more than US$7 billion over the next five years, following new agreements that expand the company's acreage and set updated terms for its operations in the country. 

Ammonia output from the six Trinidad and Tobago plants that reported production rose 9.7% in the first quarter of 2026, recovering part of the volume lost when Nutrien shut its Point Lisas operations.

Venezuela has signed an agreement with GE Vernova to rehabilitate and expand its electricity system, with work expected to cover power generation as well as the country’s transmission and distribution infrastructure. 

bp and Shell have agreed terms for Shell to acquire a 50% stake in the Tupinambá exploration block in the Santos Basin, offshore Brazil, in addition to a 30% stake in five leases containing the Conifer exploration prospect in the deepwater Gulf of America Paleogene. 

Guyana is now receiving between 10 million and 12 million barrels of crude oil per month from the Stabroek block, up from about three million barrels previously, as a smaller share of production is being used to recover project costs. The Ministry of Natural Resources said the jump follows the recovery of roughly US $55 billion in costs by the Stabroek Block partners. 

Guyana is considering a national oil company built around a domestic refinery and the wider fuel supply chain, rather than a state-run upstream producer investing directly in oil production. 

Oil Spill Response Limited (OSRL) has formally opened a subsea response facility at the Vreed-en-Hoop Shorebase Inc. (VEHSI) in Guyana, giving the country a base for specialist well-control equipment, training and emergency response exercises. 

Petrobras has approved the start of an EPC tender for a new diesel hydrotreating unit at its Presidente Getúlio Vargas Refinery, or Repar, in Paraná, Brazil.