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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 →
Jan 28 (Reuters) - Shell and BP are seeking U.S. licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal said on Wednesday. Trinidad is Latin America's largest liquefied natural gas exporter and one of the world's largest exporters of ammonia and methanol, but the Caribbean island... Continue Reading →
Jan. 15 (OE) Offshore seismic services firm Shearwater Geoservices has secured a contract for a large 3D seismic acquisition program for ExxonMobil Trinidad and Tobago Deepwater. The deepwater survey offshore Trinidad and Tobago will cover approximately 6,000 square kilometers of full-fold area. The acquisition is scheduled to commence in the first quarter of 2026 and... Continue Reading →
Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign... Continue Reading →
Dec. 17 (oilnow.gy) ExxonMobil anticipates starting its seismic survey offshore Trinidad and Tobago as early as February, the country’s Energy Ministry said on Tuesday. The U.S. oil major anticipates firing the first seismic shot for its ultra-deepwater TTUD-1 block within two months, after selecting a seismic acquisition contractor, according to a statement from the Ministry... Continue Reading →
Dec 10 (Reuters) - Trinidad and Tobago's government is waiting for a development plan from energy producer Shell to push forward the Aphrodite offshore gas project, documents seen by Reuters showed. Shell said in June that it had made a positive final investment decision on the discovery, which is expected to produce first gas in 2027 and have... Continue Reading →
Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →
Nov. 4 - EnerMech has embarked on a multi-year, high-value investment program across its Americas operations, reinforcing its long-term commitment to the region and its people. This strategic outlay reflects the company’s confidence in the market despite global headwinds, as it continues to build a future-ready business anchored in local capability, leadership and talent. The enhancement plan encompasses equipment, people and facilities across... Continue Reading →
Nov. 3 (oilprice.com) U.S.-Venezuela tensions are again rippling through energy and security markets, prompting President Donald Trump to rule out immediate military strikes while maintaining a buildup of American naval assets in the Caribbean. His comments followed reports of U.S. patrols and maritime interdictions targeting narcotics routes linked to Caracas, a campaign that has drawn... Continue Reading →
Brazil Energy Insight 