Members of the Gas Exporting Countries Forum discussed setting up a common bank to finance joint investment projects, the new head of the group said.
Repsol SA completed the sale of liquefied natural gas assets to Royal Dutch Shell Plc as the biggest Spanish oil company strengthens its balance sheet.
BHP Billiton Ltd., Australia’s largest oil and gas producer, is studying expansion in Trinidad and Tobago, nominating the Caribbean nation as a potential third main production region along with the U.S. and Australia.
The following is a selection of the most important news affecting the oil market.
Barbados tourist visits fell 0.7% in November from the same time last year, according to the Barbados Statistical Service in Bridgetown.
BG Group Plc , Centrica Plc and Voyager Energy Ltd. bid for shallow water fields off Trinidad and Tobago, which is seeking to boost oil and gas reserves to maintain energy supplies.
Trinidad and Tobago, the largest producer of natural gas in South and Central America, may export its expertise to Africa.
RWE AG , Germany’s second-largest utility, plans to tap natural-gas reserves in Trinidad and Tobago to help double production by 2015.
ConocoPhillips, the largest U.S. independent oil and natural gas producer, increased third- quarter profit 38 percent after selling assets.