Gas projects drive new activity across the Caribbean
Shell paused its Aphrodite gas project in Trinidad and Tobago due to unresolved commercial terms, delaying first gas until 2027. Meanwhile, bp agreed to acquire Woodside's stake in the Calypso gas project. In Venezuela, a bp-led partnership secured a license for the Loran Phase 2 gas field. Petrobras and Ecopetrol made a new gas discovery in Colombia. United Oil & Gas is assessing drilling options in Jamaica, and Talos Energy expanded its exploration portfolio in Honduras.
How this was made
The 30-second read
Why it matters
The combined news points to a mixed short‑term outlook for regional gas companies, with some projects delayed and others expanding.
Market read
Regional gas developments could influence Caribbean energy supply dynamics and affect related equities, but broader market impact remains limited.
What to watch
Financing constraints and political risk in the Caribbean could delay project execution despite announced deals.
Background
The article surveys recent natural gas project activity across the Caribbean, covering new discoveries, project pauses, and acquisitions.
Ticker impact
Shell paused development of the Aphrodite offshore gas project in Trinidad and Tobago after failing to reach commercial terms.
likely pressure as the market prices in the project pause
The pause is a new development affecting Shell's Caribbean gas portfolio.
BP agreed to acquire Woodside's 70% stake in the Calypso gas project in Trinidad and Tobago, expanding its regional exposure.
potential upside as investors value the new asset
The acquisition is a fresh corporate action with material scale.
Talos Energy acquired an 80% operated interest in a large offshore block in Honduras, expanding its exploration portfolio.
likely modest upside as the deal enlarges the company's resource base
The transaction is a new corporate action for a US-listed explorer.
Petrobras reported a third deepwater gas discovery in Colombia's Caribbean waters (Sandia-1 well).
potential modest upside as the discovery enhances resource estimates
A new discovery is a primary corporate news item for the ADR.
Market effects
Highlights growing momentum in Caribbean natural gas exploration, potentially boosting sector sentiment.
May improve regional gas supply outlook, supporting LNG exporters in the Caribbean.
Limited to regional energy markets; no immediate global macro impact.
Counterpoint
Delays and regulatory hurdles could outweigh the upside of new projects, keeping regional gas stocks under pressure.
Key entities
- CompanyShell
Energy major pausing Aphrodite gas project.
- CompanyBP
Acquiring Woodside's stake in Calypso project.
- CompanyTalos Energy
Expanding into Honduras offshore block.
- CompanyPetrobras
Third deepwater gas discovery in Colombia.
