Trinidad and Tobago explores further gas deals with Venezuela
![Trinidad and Tobago explores further gas deals with Venezuela](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/01/groningen-oil-and-gas-processing-plant-2023-11-27-05-33-18-utc_1_30.webp)
Trinidad and Tobago is set to enhance their natural gas supply by pursuing additional deals with Venezuela after receiving a license to extract from the Dragon project.
With declining gas reserves, the nations aim to develop more offshore gas fields within mutual territories.
The Dragon project, facilitated by Shell Plc, involves transporting gas to Trinidad and Tobago’s Atlantic LNG plant, potentially starting with 175 million cubic feet per day and scaling up to 350 million cubic feet daily.
The move aligns with efforts to secure energy resources and meet growing regional demand.
×
Quote of the Day
No quotes found.
Newsletter
Related News
CarbonX Secures New Investment to Expand Carbon Dioxide…
CarbonX, a permanent carbon removal management firm, has announced the successful closure of a new oversubscribed investment round. Notable investors, including Redstone, VR Ventures, Engie…
Chevron Maximizes Oil and Gas Recovery with Deepwater…
Chevron Corporation, an energy company, announced the commencement of water injection operations at two projects in the deepwater US Gulf of Mexico to improve oil…
France’s Largest Floating Solar Plant Begins Construction with…
Q Energy announced that it has reached the financial close of its “Les Ilots Blandin” project for an amount of €50.4 million. Crédit Agricole Transitions…
Oxylus Energy Secures $4.5 Million Series Seed Investment…
Oxylus Energy, a developer of carbon utilization technology, announced the securement of a 4.5 million series seed investment, which was co-led by Toyota Ventures and…
Signol Secures £2.5 Million to Drive Sustainability in…
Signol, a sustainability startup that uses behavioral science to reduce emissions in shipping and aviation, secured £2.5 in a funding round led by industry-focused investors. …
Black & Veatch to Evaluate Carbon Capture Technology…
Black and Veatch, a critical infrastructure solutions provider, announced that it is planning to assess the feasibility and readiness for implementing carbon capture, utilization, and…
TotalEnergies to Invest $444 Million in Solar Portfolio…
TotalEnergies and Adani Green Energy Limited (AGEL), a renewable energy company, announced a partnership to create a new joint venture focused on solar energy. This…
Petrogas and CNPC Sign Agreement with Oman’s Ministry…
Mazoon Petrogras, a subsidiary of Petrogas E&P(PG), in partnership with CNPC, a part of the Mohammed Al Barwni Group has signed an agreement with the…
TotalEnergies Invests $100M in US Forest Projects to…
TotalEnergies announced that it has signed a $100 million agreement with Anew Climate, a climate solutions provider, and Aurora Sustainable Lands, a carbon-stewardship company and…
Egypt’s Ministry Launches International Bid Round for Natural…
The Egyptian Ministry of Petroleum and Mineral Resources announced the initiation of a new international bid round for 2024. The purpose of this bid round…
UK Government Plans to Introduce New Environmental Guidance…
The United Kingdom government announced its plans to introduce new environmental guidance for oil and gas companies operating in the North Sea. The guidance intends…
New Zealand Moves to Reopen Offshore Oil and…
New Zealand announced that it would pass laws by the end of 2024 to reverse a ban on offshore oil and gas exploration. This reversal…
BPC Receives Purchase Orders from Multinational Oil and…
BPC Instruments announced receiving two consecutive purchase orders from the California-based branch of a multinational oil and gas company headquartered in London. The purchase order…
The Rise of Renewable Energy and Green Investments…
The International Energy Agency (IEA) predicts a significant shift in the global power mix, with renewable energy projected to overtake coal as the leading source…
Australian Securities and Investments Commission Reports Progress in…
The Australian Securities and Investments Commission (ASIC) has been actively addressing its efforts to combat greenwashing, carrying out 47 regulatory interventions between April 2023 and…
ASIC Takes Action Against Greenwashing With $123,000 in…
The Australian Securities & Investments Commission (ASIC) announced that it made four regulatory interventions to address greenwashing misconduct during the 15-month period ending 30 June…
Westinghouse’s Small Modular Reactor Gains Approval for Design…
Westinghouse Electric Company announced that it received formal approval from the UK Department of Energy Security and Net Zero (DESNZ) to commence the Generic Design…
Norway Urges Ramp-Up in Oil and Gas Exploration…
In a recent resource report, the Norwegian Offshore Directorate (NOD) emphasised the need for Norway’s oil and gas companies to increase investments in exploration and…
Amigo LNG Announces 20-Year Agreement to Supply LNG…
Amigo LNG, a division of LNG Alliance Pvt Ltd, has announced a 20-year agreement to supply liquefied natural gas (LNG) to E&H Energy Group, an…
Egypt Seeks to Revive Oil and Gas Production…
At a press conference, Egyptian Prime Minister Mostafa Madbouly announced plans to restore the country’s oil and gas production to its previous levels by 2025,…
Mantel Secures $30 Million to Advance Carbon Captu...
Mantel Capture, Inc., a technology provider specializing in carbon capture...
September 6, 2024 7:53 pm SGT
UBS Asset Management Secures $315.7 Million for Te...
UBS Asset Management’s Energy Storage Investment Fund I has successfully...
September 6, 2024 7:19 pm SGT
CarbonX Secures New Investment to Expand Carbon Di...
CarbonX, a permanent carbon removal management firm, has announced the...
September 6, 2024 7:04 pm SGT
Orsted Secures Contracts for Hornsea 3 and Hornsea...
The UK Department for Energy Security and Net Zero (DESNZ)...
September 6, 2024 6:55 pm SGT
US DOE Announces Hydroelectric Facility Upgrades A...
The Department of Energy (DOE), under the Biden-Harris Administration, announced...
September 6, 2024 6:44 pm SGT
Iberdrola Secures Two Offshore Wind Contracts, Set...
Iberdrola, an energy utility company, announced that its subsidiary, Scottish...
September 6, 2024 5:24 pm SGT