Stuart Young, Trinidadian energy minister
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
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
