Deadlines for the shallow water bid round offshore Trinidad and Tobago have been extended from early April to noon local time on May 27.
The Ministry of Energy and Energy Industries of the Government of the Republic of Trinidad and Tobago said it extended the deadline based on feedback from current stakeholders and potential bidders.
The ministry launched the 2023/2024 Shallow Water Competitive Bidding Round in October 2023, putting 13 blocks on offer.
The blocks are along the western, eastern, southern and northern coasts of Trinidad and Tobago, and many are adjacent to already licensed blocks.
The ministry has previously said successful bids would be announced four months after the bid submission deadline.
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Initiative Equity Partners Acquires Equity in Renewable Firm ArtIn Energy
2024-04-26 - Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.