
Trinidad and Tobago is the largest exporter of ammonia in the world. In 2024, the country produced more than four million tons and exported almost all of it, generating substantial foreign exchange in the process. Most ammonia goes into the production of fertilisers, though there are other uses.
Staatsolie Maatschappij Suriname N.V. has announced the signing of a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66 in Suriname's deep offshore.
FourPhase, a solids and production performance specialist for the oil and gas sector, has announced a new MSA with Shell Trinidad and Tobago. The MSA involves sand management and production optimisation for Shell Trinidad & Tobago on its topside offshore oil and gas platforms in the Caribbean.
CAF – Development Bank of Latin America and the Caribbean and the Caribbean Development Bank (CDB) have signed a landmark Memorandum of Understanding (MoU) that will strengthen their long-standing partnership and provide increased financing for development across the Caribbean.