Latest news with #Tobago
Yahoo
7 hours ago
- Business
- Yahoo
Exclusive-Exxon in talks with Trinidad for seven deepwater blocks, sources say
By Curtis Williams HOUSTON (Reuters) -Exxon Mobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the Caribbean country, which the top U.S. oil producer left more than two decades ago, two sources close to the talks told Reuters. The areas Exxon is interested in are located north of the company's prolific Stabroek block in Guyana, the fastest-growing oil production province in the world, the people said. Exxon and partners Hess and CNOOC have discovered more than 11 billion barrels of recoverable oil and gas in Stabroek and plan to produce more than 900,000 barrels per day of light sweet crude later this year. Trinidad's Energy Minister Roodal Moonilal did not respond to Reuters' request for comment. Exxon said it does not comment on rumors or speculation. Exxon left Trinidad and Tobago in 2003 after a failed exploration program. Under the new government of Prime Minister Kamla Persad-Bissessar, Trinidad aims to rejuvenate investment, especially offshore, where more gas output is needed to support the nation's liquefied natural gas (LNG) and petrochemical industries. Since she took office in April, a flagship offshore gas project with neighboring Venezuela that lost its U.S. authorization to move forward has been shelved, while the government has focused efforts on deepening ties with the region's other energy producers. According to Trinidad's laws, the government can individually negotiate areas for exploration and production if they are not included in a competitive bidding round. Trinidad and Tobago is in the middle of a deepwater auction that has been extended to close on September 17, and which does not include the blocks Exxon is negotiating for. If Exxon and Trinidad reach an agreement, the U.S. producer could acquire almost all the ultra deepwater blocks that remain unlicensed. The large discoveries of oil and gas made in recent years in the Guyana-Suriname basin are one of the reasons why Trinidad is now seeing a renewed interest in its ongoing deepwater auction, the country's energy minister said at a conference early in July. Moonilal also said Trinidad was open to bids outside of auctions and hinted at the negotiations. "We are currently considering one such proposal, and if the negotiations are successful, a major announcement will soon be made," he added. (Reporting by Curtis Williams in Houston; additional reporting by Sheila DangEditing by Marguerita Choy)
Reuters
7 hours ago
- Business
- Reuters
Exclusive: Exxon in talks with Trinidad for seven deepwater blocks, sources say
HOUSTON, July 22 (Reuters) - Exxon Mobil (XOM.N), opens new tab has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the Caribbean country, which the top U.S. oil producer left more than two decades ago, two sources close to the talks told Reuters. The areas Exxon is interested in are located north of the company's prolific Stabroek block in Guyana, the fastest-growing oil production province in the world, the people said. Exxon and partners Hess and CNOOC ( opens new tab have discovered more than 11 billion barrels of recoverable oil and gas in Stabroek and plan to produce more than 900,000 barrels per day of light sweet crude later this year. Trinidad's Energy Minister Roodal Moonilal did not respond to Reuters' request for comment. Exxon said it does not comment on rumors or speculation. Exxon left Trinidad and Tobago in 2003 after a failed exploration program. Under the new government of Prime Minister Kamla Persad-Bissessar, Trinidad aims to rejuvenate investment, especially offshore, where more gas output is needed to support the nation's liquefied natural gas (LNG) and petrochemical industries. Since she took office in April, a flagship offshore gas project with neighboring Venezuela that lost its U.S. authorization to move forward has been shelved, while the government has focused efforts on deepening ties with the region's other energy producers. According to Trinidad's laws, the government can individually negotiate areas for exploration and production if they are not included in a competitive bidding round. Trinidad and Tobago is in the middle of a deepwater auction, opens new tab that has been extended to close on September 17, and which does not include the blocks Exxon is negotiating for. If Exxon and Trinidad reach an agreement, the U.S. producer could acquire almost all the ultra deepwater blocks that remain unlicensed. The large discoveries of oil and gas made in recent years in the Guyana-Suriname basin are one of the reasons why Trinidad is now seeing a renewed interest in its ongoing deepwater auction, the country's energy minister said at a conference early in July. Moonilal also said Trinidad was open to bids outside of auctions and hinted at the negotiations. "We are currently considering one such proposal, and if the negotiations are successful, a major announcement will soon be made," he added.
The Sun
4 days ago
- The Sun
Win 1 of 8 fantastic holidays to places like the Caribbean, Mexico and Greece by voting in The Sun Travel Awards
THE Sun Travel Awards 2025 launch today, giving YOU the chance to vote for your favourite travel companies and destinations - and win one of EIGHT great breaks. Nothing is more important to you - our amazing readers - than their holidays and you've got strong opinions as to who has served you best over the last year. 10 So now we want to reward the travel companies, airlines and attractions you turn to for your precious breaks. Vote for the ones you rate the highest in our 12 categories, left, and you could win one of the incredible prizes, below. They include the chance to soak up the sunshine in Tobago, hit the beaches of Mexico, cruise to the majestic Fjords, have family fun in Greece and enjoy luxury stays in fabulous hotels in Corfu and Cyprus. You have until August 31, 2025 to vote. The winning companies will be presented with their Sun Travel Award at a special ceremony in autumn. VOTE NOW Can't see the form? Click here. THE PRIZES KICK BACK ON A CARIBBEAN ISLAND Kick back and relax alongside idyllic Caribbean beaches with this fabulous prize for two. Unspoilt, untouched and undiscovered Tobago is everything you've ever dreamed about the Caribbean and more. The trip includes return economy class flights on British Airways to Tobago for two and a seven-night stay at the beautiful Starfish Tobago Resort and transfers. The hotel sits beside a beautiful beach where turtles still lay their eggs and features a lagoon-style pool with a swim up bar to sip while you dip! 10 HEAD TO MEXICO FOR ALL-INCLUSIVE BEACH STAY The astonishing AVA Resort awaits with a seven-night elevated all-inclusive stay at this brand new 5* resort inspired by the pristine white sands and translucent blues of the Mexican Caribbean Sea. Every one of its rooms faces the ocean and beach and there are six pools as well as the astonishing 2.8acre AVA Bay - the ultimate water playground to sail, swim, paddleboard or kayak. With 17 restaurants, countless bars and cocktail lounges, a swanky speakeasy and a variety of energetic nightlife options, you'll find it hard to fit everything into seven nights! Prize for two includes return economy flights to Cancun. 10 DISCOVER THE NORDIC FJORDS BY CRUISE Uncover the scenic wonders of Norway and the Netherlands on a fabulous seven night cruise sailing from London Tilbury on Ambassador Cruise Line's Ambience in April, 2026. The prize for two will see you sailing in style to Stavanger and Edfjord before returning via Ijmuiden, gateway to Amsterdam. You'll soak up the views from your Ocean View cabin as well as enjoy full-board meals and wide range of entertainment both day and night. 10 EXPLORE LESSER-KNOWN LESBOS There's a fabulous family holiday for four courtesy of Jet2holidays to win. The seven night all-inclusive stay at the Aeolian Village Hotel will see you relaxing by the pool or the nearby long stretch of sandy beach. Expect spacious rooms, a variety of delicious places to eat and drink and lots of activities to keep the whole family happy. The prize for two adults and two children includes return flights, transfers plus 22kg baggage and 10kg hand luggage for all. 10 Enjoy a three-night luxury stay at the fabulous 5* Cali Resort & Spa in Paphos courtesy of easyJet holidays. The prize includes bed and breakfast for two at this exclusively for adults resort just 300metres from the Blue Flag Coral Bay beach. Cool down in the 47metre freshwater pool or sunbathe on the luxury sunbeds, sunken in-pool loungers and cool cabanas. The prize includes return easyJet flights to Paphos and a 30minute spa treatment for two in the luxury spa. 10 STAY AT NEW FIVE-STAR CORFU RESORT Indulge in premium all-inclusive at the newly-opened 5* Valmar Corfu with its direct beach access and incredible views over the Ionian Sea. The prize, for two, will see you kicking back and relaxing at this beachfront resort with its three pools, four restaurants, five bars and luxury spa. Also included are return flights from the UK. 10 ENJOY A SCOTTISH COUNTRYSIDE RETREAT Explore the beauty of the Scottish countryside with a three night stay for a family of four at the Wyndham Duchally Country Estate in Perthshire, staying in a gorgeous two-bedroom lodge. This peaceful retreat also invites guests to swim in their indoor pool, dine on seasonal Scottish fare and even enjoy a handcrafted gin from their on-site distillery. The prize also includes breakfast each morning. Prepare to be pampered at The Gainsborough Bath Spa with a two night luxury stay with breakfast. Part of YTL Hotels, this luxurious wellness escape is centred around the Spa Village Bath with exclusive access to natural mineral-rich thermal waters. Included in the prize is one treatment per person as well as dinner on the second night at the Gainsborough Brasserie. 10
Yahoo
4 days ago
- Politics
- Yahoo
Trinidad and Tobago declares state of emergency after plot to kill government officials uncovered
A new state of emergency has been declared in Trinidad and Tobago after authorities accused a criminal network of plotting to kill government officials and attack public institutions. Police said they had intelligence that phones smuggled into prisons allowed those involved in the plot to plan to target senior police officers, members of the judiciary and employees at the state prosecution office. At a press conference on Friday, police commissioner Allister Guevarro said: "They were planning, actively so, to carry out assassinations, robberies, and kidnappings." He said the intelligence report prompted him to recommend that newly elected Prime Minister Kamla Persad-Bissessar declare the emergency. He noted there were no particular threats to any politicians. It's the second state of emergency declared in Trinidad and Tobago in a year - authorities cited concerns about gang violence in that declaration, which lasted from December to April. Under a state of emergency, police can conduct searches and make arrests without a warrant. A curfew has not been put into effect. Mr Guevarro said gang leaders who were housed in a maximum-security prison in east Trinidad have been relocated to an unidentified facility. "We have seen recent acts of kidnapping and homicides being perpetrated against our citizenry that we have been able to trace back to this organised crime syndicate," he said. Read more from Sky News: According to police data, Trinidad and Tobago, with a population of more than 1.4 million, recorded 624 killings last year, its deadliest on record. As of Thursday, police said the number of killings this year stood at 214 - a decline from 325 in the same period last year.
Sky News
4 days ago
- Politics
- Sky News
Trinidad and Tobago declares state of emergency after plot to kill government officials uncovered
A new state of emergency has been declared in Trinidad and Tobago after authorities accused a criminal network of plotting to kill government officials and attack public institutions. Police said they had intelligence that phones smuggled into prisons allowed those involved in the plot to plan to target senior police officers, members of the judiciary and employees at the state prosecution office. At a press conference on Friday, police commissioner Allister Guevarro said: "They were planning, actively so, to carry out assassinations, robberies, and kidnappings." He said the intelligence report prompted him to recommend that newly elected Prime Minister Kamla Persad-Bissessar declare the emergency. He noted there were no particular threats to any politicians. It's the second state of emergency declared in Trinidad and Tobago in a year - authorities cited concerns about gang violence in that declaration, which lasted from December to April. Under a state of emergency, police can conduct searches and make arrests without a warrant. A curfew has not been put into effect. Mr Guevarro said gang leaders who were housed in a maximum-security prison in east Trinidad have been relocated to an unidentified facility. "We have seen recent acts of kidnapping and homicides being perpetrated against our citizenry that we have been able to trace back to this organised crime syndicate," he said. According to police data, Trinidad and Tobago, with a population of more than 1.4 million, recorded 624 killings last year, its deadliest on record. As of Thursday, police said the number of killings this year stood at 214 - a decline from 325 in the same period last year.
