The company entered into an agreement with BG Overseas Holdings to acquire all the share capital of Shell Trinidad Central Block, operator of the block for a USD 23 million consideration in cash prior to closing adjustments.
Trinidad’s annual gas output has been on a tailspin for years now, dropping from 1.479 tcf in 2012, to 0.988 tcf in 2022 in large part due to declining gas reserves in mature gas fields, overshadowing discoveries in neighboring countries and unappealing fiscal terms. But its Latin American peers are doing no better.
NCMA 2, located around 48 kilometres off Trinidad’s north coast and lying in water depths of around 200 metres, opens a new area of exploration for the energy giant in the country, as all of its current production comes from the Columbus Basin off Trinidad’s east coast.
Canadian independent Touchstone Exploration has secured an exploration and production licence through its Trinidadian subsidiary Primera Oil and Gas Limited (POGL) for the Rio Claro block in Trinidad
Shell Trinidad and Tobago Ltd. (Shell), a subsidiary of Shell plc, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped natural gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.
The companies submitted bids for the Modified UC block, which is located close to the Teak, Sammaan, Poui producing fields.
Authorities had been scrambling to figure out what happened after a mystery vessel — now understood to be the barge — capsized on February 7, after having made no emergency calls and with no sign of crew, and no clear sign of ownership.
Trinidad and Tobago has launched an oil and gas bid round with 13 shallow-water blocks on offer, Reuters reported on Wednesday. The 13 blocks are located on the continental shelf near producing concessions. According to Reuters, bids for the round will close on April 2, 2024. The offerings are more than double the country’s previous […]
The governments of Venezuela and Trinidad and Tobago have struck a profit-sharing agreement that will allow them to jointly exploit the Dragon gasfield, with Trinidad exporting natural gas from the PDVSA project.