Caracas suspended its energy agreements with Trinidad and Tobago, citing a conflict of interest linked to the foreign policy of the new Trinidadian government, jeopardising several major cross-border gas projects.
Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.
The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
Bp awards a contract valued between $150mn and $300mn to Subsea Integration Alliance to develop the offshore Ginger field under a new global framework agreement.
The US decision halts Trinidad and Tobago’s gas ambitions tied to the offshore Dragon field, undermining agreements with Caracas and several major energy companies.
Perenco will acquire Woodside’s oil and gas assets in Trinidad and Tobago, expanding its national output beyond 500 million standard cubic feet per day following expected closing by the third quarter of 2025.
The bp Trinidad and Tobago joint venture has launched production at the offshore Cypre field, marking bp’s second major start-up in 2025 and strengthening its shallow-water footprint in the region.
Hydrogène de France (HDF Energy) reports a sharp increase in annual revenue to €11.1mn and initiates production of its fuel cells at its Blanquefort industrial site, supported by €172.7mn in public funding.
Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.
Colombian President Gustavo Petro has ordered an investigation into alleged price speculation by local gas suppliers in response to price spikes reaching up to 36%, and announced a new import agreement with Qatar.
Trinidad and Tobago consolidates its gas strategy by securing prices above the American Henry Hub (HH) index, despite a monthly decrease in exports. Authorities are pursuing exploration projects to bolster production and diversify pricing indices.
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In diversifying its energy markets, Nigeria partners with Grenada to develop the island’s hydrocarbon resources, with a potential multi-billion-dollar investment.
In September, Brazil replaced Malaysia as the top supplier of blended bitumen to China, due to banking restrictions and new trade opportunities with Latin American countries.
ConocoPhillips secured the right to seize payments from PDVSA related to the Dragon gas project between Trinidad and Venezuela. This decision is part of ongoing efforts to recover a $1.33 billion debt linked to the nationalization of its assets.
Trinidad and Tobago chooses Shell to operate the Modified U(c) offshore gas block, reinforcing its strategy of stabilizing liquefied natural gas (LNG) supply in the face of declining domestic production.
The wreck of the oil tanker *Gulfstream* in Trinidad and Tobago, refloated after a major oil spill, is at the heart of security tensions, with attempted intrusions leading to exchanges of fire.
The oil tanker "Gulfstream", involved in a massive fuel oil spill off Tobago, has been refloated after six months of delicate operations.
An international investigation is underway to identify those responsible.
McDermott has won an engineering, procurement, construction and installation (EPCI) contract with Shell Trinidad and Tobago Limited for the development of the Manatee gas field, strengthening its position in the offshore sector.
PDVSA and Veneoranto, a subsidiary of Atlas Oranto, have signed an agreement to exploit the Barracuda and Boca de Serpiente gas fields, strengthening Venezuela's position in the global natural gas market.
