SBM Offshore, its joint venture partner Technip Energies, TotalEnergies EP Suriname and French technology company Beyond the Sea have agreed to evaluate a wind-assisted towing system for the GranMorgu floating production, storage and offloading (FPSO) vessel being built for Suriname’s first offshore oil development.

ExxonMobil is nearing the completion of its seismic acquisition program on Block TTUD-1 offshore Trinidad and Tobago, capping off a highly active first contract year that included significant financial and developmental investments in the country.

Trinidad and Tobago’s oil production is projected to increase from 57,300 barrels per day in fiscal year 2026 to approximately 74,600 barrels per day by fiscal year 2029, according to Energy Minister Dr. Roodal Moonilal. 

Business conditions in Trinidad and Tobago’s energy services sector remained mixed during the second quarter of 2026, according to the latest Energy Services Sector Survey (ESSS) conducted by the Energy Chamber of Trinidad and Tobago.