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bp has announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil.
bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres.
Blue Water Shipping has announced that it has secured the Rig Agency and the Logistics & Shorebase support contract for Noble Corporation's operations in Block 52.
EnerMech has won a contract extension for work carried out on platforms offshore Trinidad and Tobago operated by bpTT.
In the energy sector there’s a constant ebb and flow when it comes to mergers and acquisitions. There has been quite a lot of consolidation in the industry in the past few weeks. Recently, SLB acquired ChampionX, Chevron acquired Hess Corporation and here in Trinidad, Perenco acquired the assets of Woodside Energy. In the local energy services sector, we also saw TOSL Engineering purchasing Ansa Technologies.
Last week, a pair of global energy services companies agreed on a merger creating a leader in energy services, according to the companies – Subsea7 and Saipem. Both major companies are active in the region with projects in Guyana, Suriname and Trinidad & Tobago.
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.
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 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.
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.
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.
The Brechin Castle Solar Limited, (a joint venture partnership between bp, Shell and NGC), confirms that it has achieved first electrons from the nation’s first utility scale solar farm.
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.
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.
Ramps Logistics has officially launched CUBBY Cargo, an AI-powered logistics platform built in Trinidad & Tobago and designed to transform how businesses move goods across the globe.
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.
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 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.
During the meeting, Minister Moonilal emphasized Perenco's successful experience in value creation from mature and marginal oil and gas projects.
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 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.
TOSL Engineering Limited's Low Carbon District Cooling project has won the Project of the Year 2025 in the Latin American region from the Association of Energy Engineers (AEE).
