BP and EOG Resources are in active negotiations to develop the Coconut gas field in Trinidad, targeting first gas production by late 2026 to supply the Atlantic LNG project and boost regional output.
Energy companies Marathon Petroleum (MPC), BP plc (BP), TotalEnergies (TTE) and Shell plc (SHEL) have all unveiled additional or fresh buyback programs.
BP's interest in the region is part of its broader strategy to boost natural gas production in Trinidad, where it has witnessed a significant decline.