Killajoules

BP Makes Trinidad Gas Discovery
BP Trinidad & Tobago (bpTT) today announced that it has discovered an estimated 1 trillion cubic feet (tcf) of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2tcf.

BP and the Government of Trinidad and Tobago Sign Production Sharing Contracts for New Deepwater Blocks
BP today announced that it has signed two production sharing contracts with the Government of the Republic of Trinidad and Tobago. The two deep water exploration blocks are located approximately 300 kilometres from the North East coast of Trinidad. BP was awarded blocks 23(a) and TTDAA 14 in the 2010/2011 deepwater competitive bid round in July 2011, with a 100 per cent working interest.

Seadrill secures new jack-up contracts in Trinidad and Vietnam
Seadrill has been awarded two new contracts by BHP Billiton Petroleum for Offshore Vigilant in Trinidad and Offshore Resolute in Vietnam.

Chevron to Sell Fuels Marketing and Aviation Businesses in Parts of the Caribbean and Central America to a Subsidiary of RUBIS
Chevron Corporation (NYSE: CVX) today announced that it has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, S.A., a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France. The transactions are expected to close in full by the third quarter 2011 following receipt of required local regulatory and government approvals.