ConocoPhillips Gets Trinidad Recognition for Venezuela Debt, Threatens Natural Gas Proceeds
ConocoPhillips has added a Trinidad claim to ongoing efforts to recoup debt through a court-ordered auction of CITGO shares.
Source: venezuelanalysis.com
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Young: $1b in petroleum subsidy
ENERGY Minister Stuart Young said on June 3 the 2024 petroleum subsidy will be about $1 billion, a figure that is down from $1.6 billion and $1.8 billion for the two years prior.
Source: newsday.co.tt
Young: ConocoPhillips action will not affect Dragon Gas deal
ENERGY Minister Stuart Young has rubbished claims that the recent recognition of a US$1.3 billion arbitral award to US-based energy giant ConocoPhillips in Trinidad and Tobago against Venezuela's state-owned oil and gas companies will affect the 30-year-exploration and production license for the Dragon gas field.
Source: newsday.co.tt
T&T gets another specific OFAC licence
THE Office of Foreign Assets Control (OFAC) from the United States Department of the Treasury has granted a licence to Trinidad and Tobago to negotiate and develop the Manakin-Cocuina gas
Source: trinidadexpress.com
BP, Trinidad's NGC receive US license for gas development with Venezuela
British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday.
Source: naturalgasworld.com