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Brazil approves development plan for Shell-led Orca project

Brazil approves development plan for Shell-led Orca project

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. 

Energy Chamber of Trinidad and Tobago and Georgetown Chamber of Commerce & Industry sign strategic MOU to bolster regional energy cooperation

Energy Chamber of Trinidad and Tobago and Georgetown Chamber of Commerce & Industry sign strategic MOU to bolster regional energy cooperation

The Energy Chamber of Trinidad and Tobago and the Georgetown Chamber of Commerce and Industry (GCCI) have officially entered into a strategic Memorandum of Understanding (MOU), marking a significant milestone in the deepening of bilateral private-sector relations between the two nations. The signing ceremony took place on the sidelines of the 2026 Offshore Technology Conference (OTC) in Houston, Texas.

Valaris opens new Trinidad office

Valaris opens new Trinidad office

Valaris, a major offshore drilling contractor, has officially set up an office in Port of Spain, Trinidad. The company operates the world’s largest offshore drilling fleet, working across six continents in nearly every major offshore basin.

Eni signs agreement to relaunch Venezuela’s Junín-5 heavy oil project

Eni signs agreement to relaunch Venezuela’s Junín-5 heavy oil project

Italian energy company Eni has signed a programmatic agreement with Venezuela’s Ministry of Hydrocarbons and state-owned Petróleos de Venezuela S.A. (PDVSA) to relaunch oil activities at the Junín-5 project in the Orinoco Belt, marking another step in Venezuela’s renewed push to rebuild its hydrocarbons sector. 

Scotiabank grant backs UWI green hydrogen research in Trinidad and Tobago

Scotiabank grant backs UWI green hydrogen research in Trinidad and Tobago

The University of the West Indies (UWI), St Augustine Campus, has received a CAD$100,000 grant from Scotiabank’s Climate Action Research Fund to support a green hydrogen research project aimed at helping decarbonise Trinidad and Tobago’s petrochemical sector. The funding was announced on April 21, 2026.

CGCL hosts delegation from JBIC

CGCL hosts delegation from JBIC

Caribbean Gas Chemical Limited (CGCL) recently welcomed a delegation from the Japan Bank for International Cooperation (JBIC), for an official site visit. The delegation included Mr. Yasukazu Oono, Director, Energy Solution Finance Department, and Mr. Ryuji Nakajima from the Energy Solution Finance Department.

Perenco to progress mature asset development

Perenco to progress mature asset development

Dr. the Honourable Roodal Moonilal, Minister of Energy and Energy Industries, signed agreements to effect amendments to the Production Sharing Contracts for Blocks 2(c) and 3(a) with Perenco Trinidad and Tobago Limited.