Shell Outbids Competitors to Secure Trinidad Shallow Water Block

Shell plc (SHEL) has secured a win for a shallow water block from the government of Trinidad and Tobago, outpacing bids made by other energy giants like BP and EOG Resources. With Trinidad and Tobago's declining natural gas output, the nation is struggling to provide sufficient gas to its liquefied natural gas and petrochemical facilities. The government is seeking to increase its natural gas production rates and has organized bidding rounds to attract producers to advance exploration and production activit ...