(Reuters) Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project, the Caribbean nation's energy minister said on Thursday. A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could... Continue Reading →
Trinidad & Tobago, Venezuela to Start Talks over Offshore Gas Field Development
(Reuters) Trinidad and Tobago's Prime Minister Keith Rowley on Friday told Parliament his government had been in touch with Venezuela following U.S. license to jointly develop a key gas field, and the first meetings to begin negotiations have been set up. The United States last week issued a two-year license allowing Trinidad to jointly develop... Continue Reading →
U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field
(Reuters) The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the U.S. Treasury Department at Trinidad's request and intended to enhance Caribbean... Continue Reading →
Trinidad Weighs Direct Negotiations to Allocate Oil, Gas Areas
(Reuters) Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties attracting new companies to its recent shallow and deepwater bidding rounds, which have led the government to renegotiate terms... Continue Reading →
Trinidad Soon to Decide on Deepwater Gas Exploration Auction Bids
Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said. The Caribbean country earlier this year offered 17 blocks off the northern and eastern coasts in a competitive auction that attracted only four bids... Continue Reading →
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