Trinidad

Shell Forecasting Strong Integrated Gas Results in 4Q, as Price Volatility Lifting LNG Trading

Shell Forecasting Strong Integrated Gas Results in 4Q, as Price Volatility Lifting LNG Trading

Shell plc’s Integrated Gas trading arm, which includes global LNG, is expected to report “significantly higher” sequential results for the final three months of 2023 “due to seasonality and increased optimization opportunities.” The London-based major on Monday provided an update of its projected fourth quarter results, with solid operations from the world’s No. 1 liquefied…

January 8, 2024
U.S. Grants Amended License as Shell, Trinidad and Tobago Pursue Venezuelan Natural Gas Deal

U.S. Grants Amended License as Shell, Trinidad and Tobago Pursue Venezuelan Natural Gas Deal

The island nation of Trinidad and Tobago is aiming to take a “significant step forward” in gathering Venezuelan natural gas to support domestic demand and LNG exports after the United States granted an amended license, according to Energy Minister Stuart Young. In a press conference late Tuesday, Young said he expects to complete negotiations with…

October 20, 2023
Trinidad and Tobago Striving to Maintain Top Spot in Regional LNG Sendout

Trinidad and Tobago Striving to Maintain Top Spot in Regional LNG Sendout

Shell plc is advancing its 2.7 Tcf Manatee offshore development in the waters off Trinidad and Tobago. Trinidad and Tobago’s Prime Minister Keith Rowley last week said the project was going ahead as the dual island nation attempts to up domestic gas production to feed its flagship Atlantic LNG export facility. One of Atlantic LNG’s…

September 19, 2023
Mexico Seen Driving LNG Export Growth in Latin America

Mexico Seen Driving LNG Export Growth in Latin America

Mexico is on track to become Latin America’s leading LNG exporter in terms of regasification capacity, while the region as a whole could become a net liquefied natural gas exporter, according to Poten and Partners. The shipbroker and consulting firm’s Sergio Chapa, senior LNG analyst, provided an overview of the regional LNG balance during a…

May 24, 2023
BP, Shell Sign Ownership Restructuring Agreement for Trinidad’s Atlantic LNG Facility

BP, Shell Sign Ownership Restructuring Agreement for Trinidad’s Atlantic LNG Facility

BP plc and Shell plc have agreed to restructure ownership in Trinidad and Tobago’s Atlantic LNG partnership, allowing the country’s state-owned firm to increase its stake while the majors focus on further upstream investments. Under the agreement, the partnership amongst the four-train liquefaction facility would be restructured to allow the state-controlled National Gas Company of…

December 9, 2022
BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes

BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes

BP plc reported it has achieved first gas from its offshore Cassia C development, its latest milestone in the effort to sustain natural gas flows and LNG cargoes from Trinidad and Tobago. The firm disclosed Tuesday it had transported ashore its first gas volumes from its latest development in the Greater Cassia area more than…

November 30, 2022
Trinidad Eyes Increased Global LNG Re-Exports with Venezuela Natural Gas

Trinidad Eyes Increased Global LNG Re-Exports with Venezuela Natural Gas

As the major LNG exporting country adapts to declining domestic production, the government of Trinidad and Tobago is exploring options to import natural gas from neighboring countries in order to re-export it to the global market, and in particular, Europe. One of the most viable options, according to Trinidadian officials, could be tapping ample Venezuelan…

October 25, 2022
Could Venezuela Help Ease the Global Natural Gas Shortage?

Could Venezuela Help Ease the Global Natural Gas Shortage?

Venezuela could begin exporting commercial volumes of natural gas by way of neighboring Trinidad and Tobago within a relatively short timeframe if U.S. sanctions on Venezuela are relaxed, according to IPD Latin America’s David Voght, managing director. “Our assessment is that within three years, Venezuela could be producing enough to supply Trinidad’s Atlantic LNG Train…

October 19, 2022
Shell Producing Natural Gas at T&T’s Colibri, Fueling LNG Exports

Shell Producing Natural Gas at T&T’s Colibri, Fueling LNG Exports

Shell plc’s Trinidad and Tobago (T&T) subsidiary has started production from two areas in its offshore Colibri project, boosting natural gas production for the dual-island, gas-rich nation. Colibri is expected to add 30,000 boe/d, or 174 MMcf/d of near-term gas with peak production of around 43,000 boe/d (250 MMcf/d) through a series of four subsea…

April 5, 2022
BP’s Matapal Project Expands Natural Gas Supply for Trinidad and Tobago

BP’s Matapal Project Expands Natural Gas Supply for Trinidad and Tobago

More natural gas is flowing from the Matapal project offshore the dual island nation of Trinidad and Tobago (T&T), BP plc said Monday. The three-well subsea development by BP Trinidad and Tobago LLC (bpTT) ramped up ahead of schedule and under budget. Matapal ties back to the bpTT’s existing Juniper platform, which is about 80…

September 20, 2021
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