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June 15 (oilnow.gy) Barbados’ offshore acreage could hold more than 13 billion barrels of oil in place, based on seismic surveys and technical assessments, as the country advances direct negotiations for exploration licences across 19 offshore blocks. The figure adds scale to the offshore push already being advanced by the Mia Mottley administration. Barbados is seeking... Continue Reading →
May 30 (Reuters) - Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions... Continue Reading →
May 26 (Reuters) - Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →
May 20 (oilnow.gy) Trinidad and Tobago will negotiate the commercial terms for cross-border natural gas projects with Venezuela in what officials say must serve the country’s national interest, as policymakers seek to ease tightening domestic gas supply, according to a May 18 Energy Chamber of Trinidad and Tobago report. Finance Minister Davendranath Tancoo told Parliament recently... Continue Reading →
April 9 (Reuters) - Energy producer Shell plans to begin natural gas output in 2027 from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago the chairman of Trinidad's National Gas Company, Gerald Ramdeen, told Reuters on Thursday. Shell is moving to accelerate gas projects in Venezuela under interim President Delcy... Continue Reading →
April 6 (oilnow.gy) Grenada is preparing to invite bids for offshore exploration licenses by the fourth quarter of 2026, as it positions itself for entry into the upstream hydrocarbons sector. “Grenada is open for business and working toward awarding licenses in fourth quarter of 2026, inviting interested parties to submit bids for exploration licenses,” said... Continue Reading →
April 1 (Reuters) - Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said. The London-based energy major has been trying for years to advance the 4.2-trillion-cubic-feet Dragon gas field... Continue Reading →
March 12 (oilnow.gy) Global offshore rig activity remained steady at the start of 2026, with several new drilling contracts awarded, including a major fixture offshore Trinidad and Tobago. In a March 11 LinkedIn update, Westwood Global Energy Group said the offshore rig market maintained stable utilisation levels across the global fleet. The firm reported that... Continue Reading →
Feb. 20 (Reuters) General licenses for oil and gas exploration in Venezuela issued by the U.S. this month will allow Shell to progress with its Dragon gas project, a company spokesperson told Reuters on Thursday. The project, envisioned to produce gas from a field in Venezuelan waters with 4.5 trillion cubic feet of reserves, has... Continue Reading →
Feb 18 (Reuters) - Trinidad and Tobago's government is optimistic two flagship offshore gas projects with neighboring Venezuela to be operated by Shell, BP and Trinidad's National Gas Company will move forward amid political changes in the OPEC country, the energy minister of the twin-island nation said on Wednesday. The U.S. has been relaxing sanctions on... Continue Reading →
Brazil Energy Insight 