bp’s Calypso Deal Signals Renewed IOC Push Across Caribbean Gas Ahead of Caribbean Energy Week (CEW) 2027

bp's acquisition of Woodside Energy's 70% interest in the Calypso gas project marks a significant move in the Caribbean gas market, giving bp full ownership of Block TTDAA 14. The deal, subject to government approval, reinforces bp's commitment to Trinidad and Tobago's upstream sector. bp is also progressing other projects like Ginger and Coconut, highlighting continued investment in offshore gas.

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