Trinidad and Tobago pushes for revival in upstream fortunes
Woodside, BP and Shell are among the companies actively pursuing gas developments in the country’s waters
Trinidad and Tobago appears to be having success in attracting renewed upstream investment, although it will likely still be some time before sufficient additional production comes online to alleviate the country’s gas feedstock supply issues. And the island nation is also keen to emphasise that recent US sanctions on Venezuela still leave room for the development of the Dragon gas field, which is integral to Trinidad and Tobago’s plans to shore up its LNG industry. Executives from Australian LNG giant Woodside met the Trinidadian authorities earlier in May to discuss the Calypso development. Stuart Young, minister of energy and energy industries, issued a statement saying that “both parties
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026