Venezuela and BP have formalized a strategic agreement to develop the Cocuina-Manakin gas field, a cross-border offshore deposit that marks the company’s significant return to the country. The partnership, announced by Acting President Delcy Rodríguez, aims to leverage advanced technical expertise to tap into the country’s vast gaseous hydrocarbon reserves on the Deltana Platform, a move expected to bolster Venezuelan energy independence while positioning the country as a more assertive player in the regional energy market.
Shell plc has entered into an agreement to acquire Canadian energy company ARC Resources Ltd., in a transaction that will strengthen Shell’s natural gas and liquids position in Western Canada.
A C-suite executive recently shared this with me, and it reflects a frustration felt by senior managers not only across Trinidad and Tobago, but around the world.
bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio.
Spanish energy company Repsol has signed an agreement with the Venezuelan Ministry of Hydrocarbons and state-owned Petróleos de Venezuela, S.A. (PDVSA) that could allow the company to increase oil production from its Venezuelan operations over the next three years.
Dominica’s geothermal power project has entered a new stage, with electricity now being supplied to the national transmission system as final commissioning work continues at the 10-megawatt plant in Laudat. According to local reports and project updates, the facility began feeding power into the grid at the end of March, marking one of the clearest signs yet that the project is moving from construction into live operation.
Energy infrastructure for a major onshore natural gas project has arrived in Trinidad and Tobago, Canadian-based operator Touchstone Exploration Inc. signaling a ramp-up in domestic production. The shipment of compressor equipment, transported from Houston to the Port of Point Lisas, is destined for the Cascadura project located in the Ortoire block. Touchstone described the delivery as a "major step" in advancing one of the country's most significant recent onshore gas developments.
Guyana’s temporary fuel shortage this month was a reminder that oil production and fuel security are not the same thing. Newsroom Guyana reported that the disruption left motorists questioning how shortages could emerge in one of the world’s fastest-growing oil producers, before the government said new shipments were on the way and urged the public not to panic buy. That has relevance for Trinidad and Tobago. The accompanying chart, based on Ministry of Energy and Energy Industries monthly bulletins, shows that the country has continued to import sizeable volumes of refined petroleum products since the refinery closure.
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.
BBC’s report on the arrival of the tanker Minerva Gloria near Chevron’s Pascagoula refinery in Mississippi, carrying 400,000 barrels of Venezuelan crude, may look like a routine refinery story. It is more significant than that. The shipment points to Venezuelan oil moving back into major U.S. refining systems in a way that would have been unthinkable only months ago. We are currently seeing how Venezuela is re-entering regional energy trade in a more practical, commercially visible way.
Subsea7’s award of a “supermajor” offshore contract for the Sépia 2 development in Brazil is another indication of the scale and continuity of investment still moving through the country’s pre-salt sector. The contract, awarded by Petrobras following a competitive tender, covers engineering, procurement, fabrication, installation and pre-commissioning of subsea umbilicals, risers and flowlines for 17 wells, including two wells from the Sépia 1 project, as well as one gas export line with 18 risers. Subsea7 said project management and engineering will begin immediately from its offices in Rio de Janeiro, Paris and Sutton, with offshore operations scheduled from 2029. According to Subsea7, a “supermajor” contract is worth over $1.25 b
The most useful thing about gas transmission incident data is not simply whether the total number of incidents is rising or falling; it is what the data reveals about the causes of those incidents. The US Department of Transportation Pipeline and Hazardous Materials Safety Administration (PHMSA) chart on onshore gas transmission pipeline significant incidents, shows that the largest contribution in 2010–2019 came from equipment failure, with smaller but notable contributions from material failure of pipe or wells, other outside-force damage, natural-force damage, incorrect operation, and excavation damage.
Petrobras has confirmed a new hydrocarbon discovery in the deepwater pre-salt of Brazil’s Campos Basin, adding to the steady stream of exploration results that continue to support the country’s offshore outlook. The discovery was made at well 1-BRSA-1404DC-RJS in block C-M-477, located about 201 kilometres offshore Rio de Janeiro in water depth of 2,984 metres. According to Petrobras, hydrocarbons were identified through electric logs, gas shows and fluid sampling, with laboratory analysis still to be completed to determine the characteristics of the reservoir and the fluids encountered.
Chevron is expected to sign agreements to return the Loran gas field to Venezuela and participate in an extra-heavy crude area in the Orinoco belt. Concurrently, Shell is set to sign a pact to take over operations and development of the Loran field.
According to reporting from Reuters, Chevron and Shell are expected to sign several major energy agreements with Venezuela’s oil ministry and state-owned PDVSA. These pacts, which are expected to be finalized in the presence of acting President Delcy Rodriguez, mark a significant expansion of foreign involvement in the country’s energy sector.
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.
