PBS Group has completed its acquisition of Trinidad Systems Limited (TSL), purchasing the remaining 55% interest in the company.
TotalEnergies expects its Acacia-5 oil discovery to add 6,000 barrels per day to production from Angola’s Block 17. First oil is planned three months after the discovery was made in June 2026.
Chevron's joint ventures in Venezuela plan to invest more than US$7 billion over the next five years, following new agreements that expand the company's acreage and set updated terms for its operations in the country.
Ammonia output from the six Trinidad and Tobago plants that reported production rose 9.7% in the first quarter of 2026, recovering part of the volume lost when Nutrien shut its Point Lisas operations.
Venezuela has signed an agreement with GE Vernova to rehabilitate and expand its electricity system, with work expected to cover power generation as well as the country’s transmission and distribution infrastructure.
bp and Shell have agreed terms for Shell to acquire a 50% stake in the Tupinambá exploration block in the Santos Basin, offshore Brazil, in addition to a 30% stake in five leases containing the Conifer exploration prospect in the deepwater Gulf of America Paleogene.
Shell and Chevron have signed a non-binding agreement with the Ghana National Petroleum Corporation covering the potential acquisition of production rights over the South Deepwater Tano Cape Three Points oil and gas block.
Guyana is now receiving between 10 million and 12 million barrels of crude oil per month from the Stabroek block, up from about three million barrels previously, as a smaller share of production is being used to recover project costs. The Ministry of Natural Resources said the jump follows the recovery of roughly US $55 billion in costs by the Stabroek Block partners.
Guyana is considering a national oil company built around a domestic refinery and the wider fuel supply chain, rather than a state-run upstream producer investing directly in oil production.
Oil Spill Response Limited (OSRL) has formally opened a subsea response facility at the Vreed-en-Hoop Shorebase Inc. (VEHSI) in Guyana, giving the country a base for specialist well-control equipment, training and emergency response exercises.
Petrobras has approved the start of an EPC tender for a new diesel hydrotreating unit at its Presidente Getúlio Vargas Refinery, or Repar, in Paraná, Brazil.
ExxonMobil plans to convert half of its Permian Basin drilling rig fleet to automated operation by 2028, part of a broader push to use robotics to improve drilling efficiency and lift production from the basin.
Petrobras has begun negotiations for exploration contracts covering four offshore blocks in Ghana's Keta Basin, extending the Brazilian energy company's push to build an upstream position outside Brazil.
Halliburton has secured an integrated services contract from bp for the first appraisal campaign at the Bumerangue discovery in deepwater offshore Brazil.
Trinidad and Tobago-based L&S Surveying Services Ltd. has signed a memorandum of understanding with Kepler Geo-Informatics N.V. to expand surveying, geospatial and subsurface mapping services in Suriname.
Trinidad and Tobago’s natural gas production averaged 2,541 MMscf/d in 2025, a slight improvement from 2,539 MMscf/d in 2024, according to data compiled from the Ministry of Energy and Energy Industries’ Consolidated Monthly Bulletins.
Chevron has made a new oil and gas condensate discovery in Block 0 offshore Angola. The 105-4X exploration well encountered a hydrocarbon column of more than 600 metres in the Pinda reservoir, including over 90 metres of net pay. Chevron said the reservoir rock was high quality.
Brazilian state-run oil company Petrobras has signed a contract with Halliburton to drill four onshore wells in Rio de Janeiro state for Latin America's first industrial carbon capture and storage (CCS) pilot project.
The National Gas Company of Trinidad and Tobago (NGC) reported a profit after tax of TT$3.46 billion for the 2025 financial year, a 111% surge driven by higher revenues across its gas and liquefied natural gas (LNG) operations and stringent cost-cutting measures.
CSA Ocean Sciences Inc. (Trinidad) Ltd. has completed surveys under an environmental monitoring programme for a major offshore energy operator in the Guyana-Suriname Basin, with work carried out in water depths of approximately 2,500 metres.
Guyana has welcomed the arrival of its fifth floating production, storage and offloading (FPSO) vessel, the Errea Wittu, as preparations continue for production from the Uaru development in the Stabroek Block.
Touchstone Exploration has updated Energy Minister Dr. Roodal Moonilal on its ongoing operations and future plans in Trinidad and Tobago, with particular focus placed on increasing oil and natural gas production in the short term from the Central Block and Cascadura field.
Global electricity generation reached a record 32,202 terawatt-hours (TWh) in 2025, capping a decade of steady growth as rising demand from industry, households, transport and digital infrastructure placed increasing pressure on power systems worldwide.
Brazil’s oil and gas regulator has approved the development plan for Shell’s Orca and Sul de Orca project in the pre-salt Santos Basin, clearing another regulatory milestone for the development ahead of planned production in 2029.
Argentina LNG has applied to join the country’s large-investment incentive programme for a US$51 billion project aimed at turning Vaca Muerta gas into a new source of LNG exports.
The United States is offering more than 80 million acres in the Gulf of Mexico for oil and gas leasing as the government continues a new schedule of regular offshore auctions.
bp and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area. Loran Phase 2 contains an estimated 4 trillion cubic feet of recoverable gas resources.
Ibis Steel Company of Trinidad and Tobago Limited, a subsidiary of Pinnacle Steel & Vanadium Corporation (PSVC), has officially launched its operations at the Point Lisas Industrial Estate.
Trinidad and Tobago’s crude oil and condensate production averaged 54,209 barrels per day during the first three months of 2026, building on the gains recorded last year and offering an encouraging indication that the country’s long decline in oil output may be easing.