Caribbean Sea News


US Revokes Licenses for Trinidad-Venezuela Gas Projects

Apr 08, 2025

The United States has revoked two licenses it had granted in recent years for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela, the Caribbean country's prime minister, Stuart Young, said on Tuesday.Trinidad…

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Mar 31, 2025

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a major oil field discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place…

Gas Project with Venezuela Goes Full Steam Ahead, Trinidad PM Says

Mar 28, 2025

Companies planning a flagship offshore gas project between Venezuela and Trinidad and Tobago 'have not slowed down' work, Trinidad Prime Minister Stuart Young said on Thursday, despite the United States increasing pressure on sanctioned Venezuela…

BOS Princess Becomes Geotechnical Drilling Vessel

Mar 25, 2025

Seas Geosciences has completed the conversion of the BOS Princess into a multipurpose geotechnical drilling vessel that is now ready to serve the global offshore energy industry.With its 80-metre length and close to 19-metre beam, the BOS Princess…

Sea Lion Offshore Oil Project in Falkland Islands Targets FID in Mid-2025

Mar 24, 2025

A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum.Navitas continues to estimate Capex to first oil on phase 1 of c$1…

Colombia Plans to License Petrobras, Ecopetrol Gas Project by Mid-2026

Mar 14, 2025

Brazilian state-run oil company Petrobras and its Colombian counterpart Ecopetrol could have the licenses needed for moving forward a joint offshore gas project in Colombia by mid-2026, said Orlando Velandia, head of Colombia's hydrocarbons regulator…

Petrogas, Gasunie to Explore Reusing North Sea Pipelines for Green Hydrogen

Mar 13, 2025

Dutch natural gas infrastructure and transportation company Gasunie and Petrogas Transportation plan to jointly investigate how the Petrogas pipeline installed under the North Sea can be reused for the transport of green hydrogen.The research…

Vår Energi Drills Dry Well in North Sea

Mar 04, 2025

Vår Energi and its partners have drilled a dry well on the Kokopelli prospect, south of the Sleipner area, in the North Sea.The wildcat well 7/1-4 S is located in the North Sea in production license 1190. Two exploration wells have previously been drilled within this area…

Trinidad Seeks Clarifications Over Potential US License Cancellations

Feb 28, 2025

Trinidad and Tobago is reaching out to U.S. President Donald Trump's administration to understand if his announced cancellation of oil licenses related to Venezuela will affect authorizations for projects with the Caribbean nation, Energy Minister Stuart Young said on Thursday…

TGS Gets 4D Streamer Acquisition Job at Vår Energi’s Goliat Field

Feb 21, 2025

Norwegian seismic firm TGS has secured a 4D streamer acquisition project in the Barents Sea covering the Vår Energi-operated Goliat field.The Goliat 4D project is scheduled to start in July.The total duration of the project is approximately 20 days…

Guyana, Dominican Confer on Oil Drilling, Refining

Feb 18, 2025

Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday…

Woodside and Trinidad Agree Commercial Terms for Calypso Gas Discoveries

Feb 12, 2025

The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment decision…

Ocean Installer Extends Charter for North Sea Giant Subsea Construction Vessel

Feb 12, 2025

Ocean Installer, a subsidiary of Moreld, has executed an 18-month option, extending the charter-party with ship owner North Sea Shipping for the advanced multi-purpose offshore construction vessel North Sea Giant.The charter has been extended…

Vår Energi Gets Green Light for Dilling Op in North Sea

Jan 31, 2025

The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 7/1-4 S in production license 1090, in which Vår Energi holds an operating stake of 50%, along with partners Petoro (20%)…

Trinidad and Tobago Put 26 Deepwater Oil and Gas Blocks on Offer

Jan 29, 2025

Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice.The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG)…

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