Oil major Shell is said to be lining up assets for a $30billion divestment program which could extend from the US and Trinidad to India following its takeover of BG Group last month.
Caribbean focused exploration company LGO Energy has agreed a deal that could secure $20million of investment.
Sparrows Group has expanded its footprint into Trinidad and Tobago after striking a deal to work with Miguel Mechanical Services.
Range Resources said its chief executive has handed in his resignation notice. Yan Liu will step also down from his role as the company’s Trinidad general manager.
Touchstone Exploration has revealed it has agreed a deal to dispose of its Kerrobert, Saskatchewan facility as it focuses on its Trinidad operations.
Range Resources said it has been advised by authorities in Colombia that three exploration licences previously awarded to it have been revoked. The company said the National Hydrocarbons Agency in the country had informed them that PUT-5, VMM-7 and VSM-1 had been pulled over claims maintenance commitments had not been fulfilled.
LGO Energy, the Trinidad-focused independent oil and gas firm has said it is open to offers as part of a formal strategic review.
LGO Energy has offered to pay drilling creditors in company shares in order to conserve cash to pay for production activities in Trinidad.
Trinidad-based oil producer LGO Energy has agreed an early end to a banking arrangement with BNP Paribas, which will allow reduced repayment rates of $75,000 per month for the next three months.
Trinity confirmed a reduction in investment shaved-off the top of its production figures.
Trinity Exploration & Production has struck a deal to sell a number of its onshore assets in Trinidad and Tobago to Touchstone Exploration in a $20.8million deal. The UK-listed company said the move comes after a strategic review was undertaken earlier this year.
LGO Energy is facing an expensive bill up to $4million after its latest drilling project in Trinidad was plugged and abandoned after a mechanical problem.
LGO Energy has agreed to take a 25% stake in Beach Oilfield which sees the UK-based company gain exposure to shallow oil resources in the South West Peninsular projects in Trinidad.
Trinidad-focused LGO Energy has raised a further £1million via a shares issue to pursue its flagship Goudron development in the Caribbean.
Trinidid focused oil producer LGO Energy has released its first significant production results from a new well in the Goudron oil field in the Caribbean.
LGO Energy, the Trinidad-focused oil producer, doubled its revenue in the first six months of 2015 compared with the same period last year.
The last of LGO Energy's planned 2015 development wells at its Goudron field site in Trinidad has reached its target depth at 4,219 feet.
Trinity, the independent explorer focused on Trinidad and Tobago, has sold of its non-core assets as part of an ongoing review process.
US independent Range Resources plans to drill 22 new wells in Trinidad by the end of the first quarter of 2016.
Production testing has started on LGO's GY-675 well, the first drilled on Pad-5 in the Goudron Field in Trinidad.
LGO Energy has confirmed it has begun drilling its seventh well of the year in Trinidad.
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.
LGO Energy said test results from the Goudron field in Trinidad have shown an oil flow of more than 200bopd (barrels of oil per day). Well GY-674 was the first to be tested by the company this year and shows a natural rate of 240bopd, with an estimated 500bopd with an open-hole flow rate. The company said tests on GY-672 and 673 were also continuing.
LGO has made further progress on its Cedros Peninsula interests in Trinidad after striking a further deal with Beach Oilfield Limited. The company had previously agreed to acquire all of BOLT’s interests in oil and gas leases, with rights to deep targets below 7,000 feet. LGO said its title to 100% owned Cedros leases have now been accepted by the Ministry of Energy and Energy Affairs.
Leni Gas & Oil (LGO has confirmed the spudding of the 12 well in its Goudron field development. The company acquired the prospect on the south-eastern edge of Trinidad in 2011 and has so far drilled 12 out of 30 planned wells.