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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.
Shell is moving to commence natural gas production from the massive Loran-Manatee offshore field, with output now projected to begin as early as next year. National Gas Company (NGC) Chairman Gerald Ramdeen confirmed to Reuters that the project, which straddles the maritime border between Trinidad and Tobago and Venezuela, has seen significant infrastructure upgrades to accommodate higher volumes.
In the ad hoc meeting of the Oil Coordination Group held recently, representatives from the European Commission, EU countries and industry provided updated information on the EU’s oil security of supply situation, as the disruptions in the Middle East enter their sixth week.
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.
Disruption in the Strait of Hormuz is beginning to show up not only in energy prices but also in physical commodity flows, and that could carry mixed implications for Trinidad and Tobago. While crude oil flows have drawn the most attention, the disruption is also affecting other commodities moving through the Gulf, including LNG and fertilizer-related products.
Touchstone Exploration is making a bigger play in Trinidad and Tobago’s onshore energy sector, and the company’s next phase of growth is beginning to look increasingly significant for the wider market. After years of steadily building acreage, infrastructure and production, the Canadian operator is now targeting output of about 20,000 barrels of oil equivalent per day, up from current production of roughly 5,500 boe/d. This goal comes at a time when Trinidad and Tobago continues to look for dependable upstream supply and practical, near-term production growth. In that setting, Touchstone’s onshore push is shaping up as one of the more interesting developments in the country’s energy landscape.
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.
Trinidad and Tobago’s natural gas sector could receive a meaningful boost from 2027 as regional cooperation gains momentum and a new wave of upstream projects led by bp and Shell moves towards first gas. These developments are expected to provide welcome relief to the downstream sector and improve feedgas availability for LNG operations. While they may not fully close the country’s supply gap, they create a stronger platform for growth and reinforce the importance of cross-border gas as part of a longer-term solution.
Reuters has reported that Shell is in advanced negotiations with the Venezuelan government to expand its footprint in the country, targeting four major natural gas areas near the maritime border with Trinidad and Tobago.
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.
Minister of Energy and Energy Industries, Dr. The Honourable Roodal Moonilal, and Minister in the Ministry of Energy and Energy Industries, The Honourable Ernesto Kesar, along senior members of the Ministry, met with representatives from EOG Resources.
The Honourable Ernesto R. Kesar, Minister in the Ministry of Energy and Energy Industries; Mrs. Karinsa Tulsie Permanent Secretary (Ag.), Ministry of Energy and Energy Industries; and Mrs. Sheena Gosine, Energy International Relations and Affairs Advisor to the Minister at the Ministry of Energy and Energy Industries, welcomed a high-level delegation from the Embassy of the Republic of Colombia to the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head Office, Port-of-Spain on 19th March 2026.
The latest Energy Services Sector Survey (ESSS), conducted by the Energy Chamber, reveals a decline in both the volume and value of business during the first quarter of 2026. According to the findings, 60% of respondents reported that the value of their business was lower than normal, while 56% indicated that their volume of business fell below typical levels.
The National Gas Company of Trinidad and Tobago Limited (NGC) has announced the successful execution of another Gas Sales Contract (GSC) with downstream petrochemical producer, Trinidad Nitrogen Company Limited (TRINGEN). TRINGEN is one of the longest-operating ammonia producers on the Point Lisas Industrial Estate.
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.
The National Gas Company of Trinidad and Tobago Limited (NGC)has announced the completion and execution of a new Gas Sales Contract (GSC) with Point Lisas Nitrogen Limited (PLNL) that guarantees the continued supply of natural gas to PLNL. The agreement represents a significant milestone for both organisations following a period of constructive engagement aimed at arriving at terms that advanced the interest of both entities.
