Venezuela awarded Loran Phase 2 to a BP-led group on 13 August 2026, with ADNOC's XRG and Qatar-linked UCC holding two thirds of the equity. Loran and Trinidad's Manatee are one reservoir, and the agreement tying them together was terminated in 2019.
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Dr Priya Marajh ran the Energy Chamber of Trinidad and Tobago on an interim basis from March 2026. In that period she signed bilateral agreements with Guyana's Georgetown Chamber in Houston on 5 May and with the Suriname Energy Chamber in Paramaribo on 23 June. She was confirmed on 14 August 20
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Washington replaced General Licence 50B with 50C on 27 August 2026, the day before President Trump announced a Venezuela oil deal in a social media post. The licence names six companies cleared to operate there, none from the Americas south of the United States.
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Refurbishment began at Point Lisas on 10 August with production targeted for end-2027. The plant uses gas-based direct reduction, and no supply agreement has been reported.
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The First Schedule reserves dredging, crewing, chandlery and aviation support. No category covers offshore vessel provision, anchor handling, marine transport or subsea services.
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More than forty operators and contractors signed 2026 local content plans in June. No list is published, the register is a login portal, and the ministry has said nothing about the ceremony.
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The head of the US Travel Association says the bond may be extended to every country whose nationals need a visa. Not one Caribbean state is in the Visa Waiver Program.
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The Petroleum Law 1990 requires preference for Surinamese labour and supply. It sets no percentage and no penalty, and first oil from GranMorgu is due in 2028.
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BP won the Loran Phase 2 licence in Caracas on 13 August. The American general licence naming BP and Shell is dated 10 June, and Shell signed Phase 1 on 11 June.
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The Court of Justice ended Malta’s passport scheme on 29 April 2025 and no European Union state now sells citizenship. Washington created a US$1 million cash-for-status route on 19 September, then restricted two Caribbean states in December for selling citizenship.
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Washington made its visa bond permanent on 3 August, covering Antigua and Barbuda, Dominica, Grenada and Cuba. The Department of Homeland Security overstay table does not sort the region the way the designations do.
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A Dominican hotelier says citizenship has been sold below the statutory floor for seven years and the treasury has absorbed the difference. Roseau has called the practice unlawful since 2018.
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