SUBSCRIBE
PROFILE

Perenco strengthens position in Trinidad and Tobago with acquisition of Woodside assets

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.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Franco-British group Perenco has announced that it has reached an agreement to acquire the oil and gas production assets of Woodside Energy located in the northeast offshore shallow waters of Trinidad and Tobago. The deal includes the Greater Angostura offshore fields, the onshore oil terminal, and associated production and transportation infrastructure.

Through a share sale, Perenco will take operational control of two Woodside entities, along with their interests in the 2(C) and 3(A) Production Sharing Contracts. The Angostura and Ruby fields, developed via seven fixed platforms and additional subsea infrastructure, deliver a combined output exceeding 300 million standard cubic feet per day (MMSCFD), equivalent to approximately 50,000 barrels of oil equivalent per day. This volume represents roughly 12% of the country’s natural gas production.

Strategic expansion in the Columbus Basin

The Greater Angostura assets are located approximately 40 kilometres north of the Teak, Samaan, and Poui (TSP) fields, which Perenco acquired in 2016. With this new transaction, Perenco is reinforcing its presence in the Columbus Basin, a strategic area for its offshore operations in Trinidad and Tobago.

The company highlights potential operational synergies between its existing and newly acquired assets. The transaction is expected to close by the third quarter of 2025, at which point Perenco’s gross national production will surpass 500 MMSCFD.

Consolidation of a national presence

Prior to this acquisition, Perenco had already expanded its operational footprint in 2024 with the integration of the Cashima, Amherstia, Flamboyant, and Immortelle (CAFI) gas-producing assets. That transition marked a major step for the company, strengthening its capacity to take over and manage complex infrastructure.

Armel Simondin, Chief Executive Officer of Perenco, stated that this acquisition reflects the group’s commitment to becoming a central player in Trinidad’s energy sector. He also welcomed the incoming employees, emphasising their role in ensuring the success of future operations.

  • Popular on energynews.pro
Renewable generation reaches 47% in the UK despite gas increase
Voltalia starts construction of 200 MW hybrid complex in Uzbekistan
Technip Energies secures strategic order for Commonwealth LNG gas project
Electric cars accounted for 95.9% of sales in Norway in 2025
Phillips 66 acquires Lindsey refinery assets to integrate into Humber operations
NG Energy sells 40% of Sinú-9 gas block to Maurel & Prom
Canadian company NG Energy finalises the sale of 40% of its stake in the Sinú-9 block to Maurel & Prom for $150mn, consolidating a joint venture on one of Colombia's largest gas fields.
Falcon sells 98.1% of its Australian subsidiary to Tamboran group
Falcon Oil & Gas has secured shareholder approval to sell its majority stake in its Australian subsidiary to Tamboran group, clearing a key hurdle in a broader divestment transaction.
Vistra acquires Cogentrix for $4.7bn from Quantum Capital Group
Quantum Capital Group sells nearly 90% of Cogentrix assets to Vistra for $4.7bn, marking a strategic repositioning of gas-fired assets in the United States.
Vital Energy strengthens position in Alberta with acquisition of seven land sections
Vital Energy has completed a strategic land acquisition in western Alberta, increasing its regional exposure to nine sections and supporting its development outlook in the Charlie Lake reservoir.
Eni and Repsol struggle to recover $6bn in receivables from Venezuela
Eni and Repsol are facing difficulties recovering payments for gas deliveries to Venezuela, with an outstanding balance of $6bn and no clear engagement from U.S. authorities on the matter.
Chevron starts South N’dola in Angola to boost its offshore assets
Chevron has launched production at the South N’dola field in Block 0 offshore Angola, leveraging existing infrastructure to support its investment strategy in offshore hydrocarbons.
UK withdrawal weakens financing structure of Mozambique LNG project
The UK's $1.15bn funding withdrawal exposes the Mozambique LNG project to international political reversals, highlighting structural risks for large African energy projects reliant on foreign backers.
Osaka Gas commissions Unit 1 of its 1.25 GW gas power plant in Himeji
Osaka Gas has launched operations at the first unit of its new gas-fired power plant in Himeji, marking a key step in expanding its national electricity production capacity.
Sonatrach launches its 2026–2030 plan to support gas investments
In response to rising domestic demand, Sonatrach adopts a five-year plan focused on increasing production, securing infrastructure, and maintaining export commitments.
Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s
Pipeline natural gas deliveries from Russia to the European Union dropped by 44% in 2025, reaching their lowest level in five decades following the end of transit via Ukraine.
AltaGas signs five-year labour agreement for its propane export terminal
AltaGas has finalised a labour agreement with union ILWU Local 523B, ending a 28-day strike at its Ridley Island propane terminal, a key hub for Canadian exports to Asia.
Lithuania extends gas transit to Kaliningrad until 2030
Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.
Lebanon prepares to buy Egyptian gas to reduce fuel dependence
Lebanon engages in a memorandum of understanding with Egypt to import natural gas and support its electricity production, with infrastructure rehabilitation and active funding searches required to secure delivery.
Woodside signs nine-year LNG supply deal with Turkish company BOTAŞ
Australian producer Woodside has signed a binding agreement with Turkish state-owned company BOTAŞ for the delivery of 5.8 billion cubic metres of LNG starting in 2030.
Condor raises $13.65mn to accelerate gas drilling programme in Uzbekistan
Condor Energies has completed a $13.65mn private financing to deploy a second drilling rig and intensify a 12-well gas programme in Uzbekistan scheduled for 2026.
Myanmar resumes LNG imports with first shipment since 2021
After a hiatus of more than four years, Myanmar has resumed liquefied natural gas deliveries, receiving a half-cargo in November to supply two state-funded power generation projects.
Canberra imposes mandatory gas reserve to secure domestic supply
The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
Baker Hughes to supply six LM9000 turbines for Commonwealth LNG terminal
Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.
Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid
Shanghai Electric begins a combined-cycle expansion project across four Iraqi provinces, aiming to boost energy efficiency by 50% without additional fuel consumption.
Zefiro completes $1.5mn gas project in Pennsylvania and prepares $5mn operation in Louisiana
Zefiro Methane, through its subsidiary Plants & Goodwin, completes an energy conversion project in Pennsylvania and plans a new well decommissioning operation in Louisiana, expanding its presence to eight US states.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.