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, 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.

Guyana’s President Dr. Mohamed Irfaan Ali has said current levels of global energy investment are not enough to meet rising demand, as he called for a more balanced approach to energy security and the energy transition. 

St. Kitts and Nevis has launched a competitive tender for a major solar and battery energy storage project, marking an important step in the Federation’s efforts to reduce reliance on imported fuel and strengthen energy security. 

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. 

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.

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.

bp has announced a significant gas and condensate discovery offshore Egypt following the successful drilling of the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean.

Sawgrass LNG & Power has announced the successful completion of the first-ever shore-to-ship liquefied natural gas (LNG) bunkering operation at Port Everglades in Fort Lauderdale, fueling the Ritz-Carlton Yacht Collection vessel, Ilma.

Staatsolie Maatschappij Suriname N.V. and the Tax Department have launched a three‑year programme aimed at strengthening the expertise of tax and customs officials in the oil and gas sector. On 10 April 2026, both organisations signed the cooperation document for this programme.

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.

Guyana and Trinidad and Tobago have agreed to a broad economic and trade agenda aimed at deepening integration and removing commercial barriers between the two energy-rich Caribbean nations, according to a statement from Trinidad and Tobago's Prime Minister, The Honourable Kamla Persad-Bissessar.

Subsea7 has announced the signing of a strategic collaboration agreement between PETRONAS Suriname E&P B.V. (PETRONAS Suriname), a subsidiary of PETRONAS and Subsea Integration Alliance (SIA), which comprises Subsea7 and SLB OneSubsea.  The agreement creates a long-term framework for close collaboration on field development projects in Suriname.

Halliburton has entered into a strategic collaboration agreement with PETRONAS Suriname Exploration & Production BV (PETRONAS Suriname) and Valaris to support the development of PETRONAS Suriname’s local assets. This effort brings together Halliburton, PETRONAS Suriname, and Valaris early in the development lifecycle to foster close alignment from planning through execution. The collaboration reflects a unified focus on stronger project readiness, improved execution performance, and long-term value creation.

Shell described its Community Upskilling Programme as one anchored in this principle: a resilient energy sector depends on a skilled, adaptable local workforce. By prioritising training opportunities within its fenceline communities in the East Coast Marine Area (ECMA), the company said it is supporting the development of practical, job-ready competencies that are directly transferable across upstream, downstream and adjacent energy and industrial operations.

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.

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.