Connection

popular articles

Stalemate on the Aphrodite gas project in Cyprus
SERMATEC completes major energy storage project in Eastern Europe
SBM Offshore and Technip Energies launch Ekwil, a JV dedicated to offshore wind energy
Egypt invites tenders for 740,000 tonnes of petroleum products
Encavis AM and Commerzbank finalize financing for solar farm

Shell wins bid for key gas block in Trinidad and Tobago

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.

Please share:

The government of Trinidad and Tobago recently named Shell as the leading bidder to develop the Modified U(c) shallow water block.
This block is one of 13 areas proposed in an auction aimed at boosting the country’s natural gas production.
With a steady decline in gas extraction in recent years, the country is struggling to supply its liquefaction facilities (LNG) and petrochemical plants, which are crucial to its economy.
The total capacity of the 13 offshore blocks is estimated at 13.4 trillion cubic feet of gas, a volume essential to compensate for the current drop in production.

Competition between major gas players

The Modified U(c) block was one of the most coveted, with Shell, BP and EOG Resources submitting bids.
However, it was Shell who was selected by the government for this crucial project.
The block lies close to gas fields already in production, reinforcing the strategic importance of this area for the country’s energy security.
Other companies, such as BP and EOG Resources, submitted bids for other blocks, notably NCMA (2) for BP, and Lower Reverse L for EOG.

Atlantic LNG’s key role

As a major shareholder in the Atlantic LNG project, Shell plays a central role in maintaining Trinidad’s gas exports.
The Atlantic LNG project, with an annual capacity of 15.3 million tonnes, depends on the country’s gas supply to continue operating at full capacity.
Declining domestic production has already led to reductions in activity, making new offshore projects like Modified U(c) even more essential to stabilizing supply and sustaining exports.

Tax reforms to attract investment

To strengthen the interest of oil and gas companies, the Trinidadian government has introduced major tax reforms.
These include a reduction in the windfall profits tax and an extension of exploration periods from six to eight years.
In addition, bidding fees have been reduced, a move designed to stimulate investment after disappointing results in previous auctions.
This strategy seems to be paying off, with companies like Shell ready to invest in these crucial offshore blocks.

Register free of charge for uninterrupted access.

Publicite

Latest news

Guyana-Venezuela tensions after military bridge inauguration on Essequibo
Colombia sanctioned for violations on 370 km of U’wa indigenous lands linked to energy projects
Switzerland Faces Potential Loss of 29% Electricity as Nuclear Plants Near Shutdown
Niger: Orano challenges the withdrawal of its permit for 200,000 tons of uranium
United Kingdom: Ballard Secures 6.4 MW Contract for Public Zero-Emission Buses in Europe

Recently published in

Shell and Petronas Accelerate Offshore Projects in Suriname

Shell plans to drill four offshore wells in 2025 in Block 65, while Petronas explores new gas resources in Block 52, highlighting Suriname's energy potential.
Woodside acquires 16.67% of the North West Shelf project in Australia through an asset exchange
Woodside exchanges key stakes with Chevron to strengthen its assets in Australia, consolidating gas projects while increasing carbon storage capacity.
en_1140969540
Woodside acquires 16.67% of the North West Shelf project in Australia through an asset exchange
Woodside exchanges key stakes with Chevron to strengthen its assets in Australia, consolidating gas projects while increasing carbon storage capacity.
en_1140969540
US Sanctions Prompt 33% Increase in Turkey’s LNG Imports
Sanctions against Gazprombank drive Turkey to boost LNG imports. December sees a 33% rise, highlighting a strategic move to secure energy supply for winter.
en_1140940540
US Sanctions Prompt 33% Increase in Turkey’s LNG Imports
Sanctions against Gazprombank drive Turkey to boost LNG imports. December sees a 33% rise, highlighting a strategic move to secure energy supply for winter.
en_1140940540
United States: 31% Predicted Energy Cost Increase with LNG Export Growth
The DOE warns of economic and climate risks associated with increased liquefied natural gas (LNG) exports, with an estimated 31% rise in wholesale prices and significant social impacts.
en_1140941540
United States: 31% Predicted Energy Cost Increase with LNG Export Growth
The DOE warns of economic and climate risks associated with increased liquefied natural gas (LNG) exports, with an estimated 31% rise in wholesale prices and significant social impacts.
en_1140941540

The Dominican Republic installs a 470 MW natural gas plant with Generadora San Felipe

The new 470 MW natural gas power plant built by Generadora San Felipe will strengthen the Dominican Republic’s energy capacity, addressing strategic energy needs while reducing emissions.
The EU claims readiness for winter with high gas reserves and reduced consumption
European Energy Commissioner Dan Jorgensen assures that the European Union is prepared to face energy challenges this winter, despite pressure on gas reserves.
en_1140920540
The EU claims readiness for winter with high gas reserves and reduced consumption
European Energy Commissioner Dan Jorgensen assures that the European Union is prepared to face energy challenges this winter, despite pressure on gas reserves.
en_1140920540
GAIL secures 12 LNG cargoes per year with Qatar Energy Trading for 2025-2030
India’s GAIL has finalized a supply deal for 12 annual LNG cargoes with Qatar Energy Trading. This five-year contract addresses growing volume needs in a global market under strain.
en_1140917540
GAIL secures 12 LNG cargoes per year with Qatar Energy Trading for 2025-2030
India’s GAIL has finalized a supply deal for 12 annual LNG cargoes with Qatar Energy Trading. This five-year contract addresses growing volume needs in a global market under strain.
en_1140917540
Bosnia Embarks on Energy Diversification with New Gas Interconnection
Under international pressure, Bosnia passes a key law to diversify its natural gas supply, reducing total dependence on Russian gas through a connection to Croatia’s LNG terminal.
en_1140890540
Bosnia Embarks on Energy Diversification with New Gas Interconnection
Under international pressure, Bosnia passes a key law to diversify its natural gas supply, reducing total dependence on Russian gas through a connection to Croatia’s LNG terminal.
en_1140890540

Plaquemines LNG: A Historic Milestone in U.S. Liquefied Natural Gas Production

Venture Global announces the start of production at its second terminal, Plaquemines LNG, in Louisiana. This project, one of the fastest to achieve this critical milestone, marks a major advancement for the U.S. and global energy markets.
OMV ends its historic gas contract with Gazprom
The Austrian group OMV has terminated its long-term contract with Gazprom, ending nearly six decades of energy dependency on Russia after a series of contractual violations.
en_1140869540
OMV ends its historic gas contract with Gazprom
The Austrian group OMV has terminated its long-term contract with Gazprom, ending nearly six decades of energy dependency on Russia after a series of contractual violations.
en_1140869540
Natural Gas Prices Expected to Rise by 34% This Winter, According to US EIA
The United States Energy Information Administration (EIA) forecasts a 34% increase in natural gas prices this winter, despite above-average stock levels and generally colder temperatures.
en_1140841540
Natural Gas Prices Expected to Rise by 34% This Winter, According to US EIA
The United States Energy Information Administration (EIA) forecasts a 34% increase in natural gas prices this winter, despite above-average stock levels and generally colder temperatures.
en_1140841540
Ukraine Strengthens Energy Resilience with €80 Million EBRD Loan
A project financed by the EBRD and supported by international grants aims to install 100 MW of decentralized energy capacity in Ukraine, responding to the damage caused by Russian attacks on the national electricity grid.
en_1140787540
Ukraine Strengthens Energy Resilience with €80 Million EBRD Loan
A project financed by the EBRD and supported by international grants aims to install 100 MW of decentralized energy capacity in Ukraine, responding to the damage caused by Russian attacks on the national electricity grid.
en_1140787540

Argus Introduces First Daily Price Indices for Greek Natural Gas

Argus Media revolutionizes the energy market by launching daily price indices for Greek natural gas, providing unprecedented transparency in a context of growing volatility in Europe.
Egypt: Increase in Fuel Oil Imports Amid High LNG Prices
Egypt is turning to fuel oil to meet its energy needs as liquefied natural gas (LNG) prices remain high. This optimization strategy reflects changes in domestic demand and global economic constraints.
en_1140771540
Egypt: Increase in Fuel Oil Imports Amid High LNG Prices
Egypt is turning to fuel oil to meet its energy needs as liquefied natural gas (LNG) prices remain high. This optimization strategy reflects changes in domestic demand and global economic constraints.
en_1140771540
Spain boosts gas imports to meet demand
Facing high gas demand and insufficient renewable production, Spain increases its French imports and storage withdrawals while competing with the UK for LNG shipments.
en_1140778540
Spain boosts gas imports to meet demand
Facing high gas demand and insufficient renewable production, Spain increases its French imports and storage withdrawals while competing with the UK for LNG shipments.
en_1140778540
Southern Star: A New Station to Meet Growing Natural Gas Demand in the Midwest
Faced with rising natural gas demand in Missouri and Kansas, Southern Star plans to build a 6,091-horsepower compression station to improve its transport capacity, addressing the needs of local markets and public utilities.
en_1140780540
Southern Star: A New Station to Meet Growing Natural Gas Demand in the Midwest
Faced with rising natural gas demand in Missouri and Kansas, Southern Star plans to build a 6,091-horsepower compression station to improve its transport capacity, addressing the needs of local markets and public utilities.
en_1140780540

Lithuania purchases an LNG terminal, strengthening its energy independence

Lithuania has finalized the purchase of a floating liquefied natural gas (LNG) terminal, named Independence, marking a decisive step in its strategy to reduce its historical dependence on Russian gas.
France and the Netherlands: Priority Destinations for U.S. LNG in November
In November, Europe received more than half of U.S. LNG shipments, a strategic shift driven by winter needs and the competitiveness of American volumes in a challenging global energy landscape.
en_1140721540
France and the Netherlands: Priority Destinations for U.S. LNG in November
In November, Europe received more than half of U.S. LNG shipments, a strategic shift driven by winter needs and the competitiveness of American volumes in a challenging global energy landscape.
en_1140721540
Norwegian gas exports to Europe increase by 2% in November
In November, Norwegian pipeline gas deliveries to Northwest Europe rose by 2% compared to October, reaching 9.8 billion cubic meters, while remaining slightly below last year’s levels.
en_1140728540
Norwegian gas exports to Europe increase by 2% in November
In November, Norwegian pipeline gas deliveries to Northwest Europe rose by 2% compared to October, reaching 9.8 billion cubic meters, while remaining slightly below last year’s levels.
en_1140728540
Algeria Banks on Hassi R’Mel to Maintain its Key Role in the Gas Market
Sonatrach is investing $2.3 billion to optimize the Hassi R'Mel gas field, aiming to sustain natural gas production and strengthen Algeria's energy position in Africa and Europe.
en_1140747540
Algeria Banks on Hassi R’Mel to Maintain its Key Role in the Gas Market
Sonatrach is investing $2.3 billion to optimize the Hassi R'Mel gas field, aiming to sustain natural gas production and strengthen Algeria's energy position in Africa and Europe.
en_1140747540

Nigeria-Morocco Gas Pipeline: Tenders to Begin in 2025

The Nigeria-Morocco gas pipeline project progresses with tenders planned for 2025. This strategic project aims to strengthen economic integration and energy supply in Africa and Europe.
Argentina: imminent auction to expand gas transportation capacity from Vaca Muerta
Argentina plans an auction to increase gas transportation capacity from Vaca Muerta. This $700 million project aims to reduce costly energy imports during winter.
en_1140711540
Argentina: imminent auction to expand gas transportation capacity from Vaca Muerta
Argentina plans an auction to increase gas transportation capacity from Vaca Muerta. This $700 million project aims to reduce costly energy imports during winter.
en_1140711540
U.S. LNG Exports: A Strategic Response to Asia’s Energy Growth
A Wood Mackenzie study reveals that U.S. liquefied natural gas (LNG) could play a strategic role in meeting Asia's energy demands, countering coal growth, and maintaining the economic competitiveness of emerging economies.
en_1140707540
U.S. LNG Exports: A Strategic Response to Asia’s Energy Growth
A Wood Mackenzie study reveals that U.S. liquefied natural gas (LNG) could play a strategic role in meeting Asia's energy demands, countering coal growth, and maintaining the economic competitiveness of emerging economies.
en_1140707540
Summit Midstream finalizes the acquisition of Tall Oak Midstream for $155 million
Summit Midstream Corporation announces the completion of the acquisition of Tall Oak Midstream for $155 million, strengthening its presence in the gas sector and balancing its energy portfolio.
en_1140706540
Summit Midstream finalizes the acquisition of Tall Oak Midstream for $155 million
Summit Midstream Corporation announces the completion of the acquisition of Tall Oak Midstream for $155 million, strengthening its presence in the gas sector and balancing its energy portfolio.
en_1140706540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS