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The most important discussion on Caribbean energy
South America is positioned to be a major driver of non-OPEC+ oil supply through 2030, a role anchored significantly by the emerging offshore production from Guyana and Suriname. According to Rystad Energy, barrels originating from these countries, alongside Brazil’s offshore fields and Argentina’s Vaca Muerta shale, are highly cost-competitive and ready to balance the global market, even as US shale growth moderates.
On 5th November 2025, Dr the Honourable Roodal Moonilal Minister of Energy and Energy Industries, the Honourable Ernesto Kesar Minister in the Ministry of Energy and Energy Industries and Ms. Ayasha Nickie, Director Downstream Petroleum Management Division at the Ministry of Energy and Energy Industries, met with Yara Trinidad and TRINGEN (Trinidad Nitrogen Company Limited) executives and toured the Yara TRINGEN Complex located at Savonetta, Point Lisas, Trinidad and Tobago.
PETRONAS and consortium partners Chevron Suriname Exploration Limited (Chevron), and QatarEnergy International E&P LLC (QatarEnergy) have signed Production Sharing Contracts (PSCs) for Blocks 9 and 10, located in the shallow offshore region of Suriname.
While the nation’s petrochemical sector has long been synonymous with the production of ammonia, methanol, and Liquefied Natural Gas (LNG), Trinidad and Tobago (T&T) maintains a crucial role in exporting several other key commodities that generate vital foreign exchange.
