Regional

With most of Europe facing an economic crisis following Russia’s invasion of Ukraine, the United States has stepped in to relax some of its sanctions on Venezuela so that oil shipments can be resumed to keep several states from...

The world has gone from negative oil prices to historic highs in just a few years. But Chairman of Trinidad and Tobago’s Energy Chamber, Dwight Mahabir, has cautioned countries to not let these current high oil prices lure them...

The government of Trinidad and Tobago is finalising a commercial agreement for the 112.2-megawatt (MW) Project Lara, a joint venture comprising of multinational energy giants, Shell and BP, and specialist solar energy company, Lightsource BP. Two sites have been identified...

Trinidad and Tobago’s deepwater auction concluded on the final day of the Trinidad and Tobago Energy Conference, Thursday. Companies showed little interest, submitting bids for just four of 17 blocks. Information received from the Energy Chamber of Trinidad and Tobago indicates...

Along with a comprehensive review of its tax system, bid rounds for 17 deep water blocks, and the pursuit of gas exploration in cross border acreage to attract deep-pocket investors; the Government of Trinidad and Tobago says it is...

Australian companies, BHP and Woodside, announced Wednesday that they completed their all-stock merger. The merger’s effective date, according to BHP, is July 1. BHP’s Chief Executive Officer, Mike Henry said, “The merger of our petroleum assets with Woodside creates a global energy...

By the end of 2022, Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company (NOC) is set to auction off the country’s deepwater blocks; another auction is reportedly planned for the shallow blocks by mid-2023. Annand Jagesar, Staatsolie’s Managing Director told Reuters...

Following on the heels of an announcement that Caribbean Community (CARICOM) leaders are moving to have intra-regional trade barriers removed, Trinidad and Tobago Prime Minister Dr. Keith Rowley said his government has committed not to let artificial phytosanitary barriers...

Planning is underway for an exploration campaign to be conducted at the Zanderij-1 prospect located at Block 42 offshore Suriname. The well, targeting both Campanian and Santonian aged reservoirs, will be spudded around the third quarter of this year. As...

The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the Government of Guyana’s signing of a Memorandum of Understanding (MoU) with Trinidad and Tobago, following a public commitment to address the twin-island nation’s trade barriers against Guyana. In...