Yet another discovery and a third drillship offshore Guyana:

Yet another discovery and a third drillship offshore Guyana:

Exxon has today announced yet another oil discovery offshore Guyana and also revealed it is adding a third drillship to further accelerate its exploration programme.   The third drillship will operate on an exploration programme in parallel with the Stena Carron, while the Noble Bob Douglas will work on the development well drilling programme for Liza Phase I.

Tullow completes Jamaica seismic

Tullow completes Jamaica seismic

Tullow Oil has completed seismic work on its operated offshore Walton Morant licence according to an article in Upstream. London-listed partner, United Oil and Gas (UOG), indicated that the conclusion of the 2,250 square kilometres 3D – seismic acquisition survey has moved the partners closer to de-risking the high-graded Colibri target. Tullow holds an 80 per cent interest in the licence and the remaining 20 per cent is held by UOG. 

Kosmos to respud well in Suriname

Kosmos to respud well in Suriname

According to a press release from London-listed Kosmos Energy (Kosmos), the company will respud an exploration well off Suriname after encountering difficulties while drilling. 

Range Resources hits output target

Range Resources hits output target

According to an article in the Upstream, Range Resources has not only realised it forecast production target but has done so comfortably ahead of schedule. The article goes on to explain that their success can be largely attributed to its optimisation programme in Trinidad, which contributed to the company registering a 43 per cent increase in output over the last 12 months, having forecast 800bpd but registering an average of 820bpd. 

Efficiency, renewables must be at the core of energy policy

Efficiency, renewables must be at the core of energy policy

Trinidad and Tobago is one of the least energy-efficient economies in the world and has one of the highest per capita greenhouse gas emissions rates. The introduction of renewable energy, improving energy efficiency and reducing our greenhouse gas emissions have become policy issues on the government’s agenda and are usually included in statements from the current Minister of Energy and Energy Industries and other senior politicians and government officials. However, they often seem to be presented as additional policy issues for consideration, rather than issues at the core of overall energy policy. 

The opportunity cost subsidy for electricity in 2017: US$508M

The opportunity cost subsidy for electricity in 2017: US$508M

The Energy Efficiency and Alternative Energy Committee of the Energy Chamber has taken a critical look at the electricity sector in Trinidad and Tobago and continues to show the opportunities where government can reclaim value in the gas sector. According to the Committee led by Christopher Narine-Thomas, the opportunity cost subsidy in 2017 rose to US$508M. 

Minister calls for greater energy efficiency

Minister calls for greater energy efficiency

Decreasing electricity consumption will have a major overall economic benefit for Trinidad and Tobago. This is because every unit of natural gas not sold to low-priced domestic electricity generation can instead be sold to the higher priced petrochemical and LNG sectors, which also means increased export earnings and more foreign exchange. 

The appetite for decarbonisation has reached critical mass and the pace of innovation must match it.

The appetite for decarbonisation has reached critical mass and the pace of innovation must match it.

The surprise news that the cost of offshore wind power in the UK has halved from 2015 levels has been welcomed by the renewables sector and environmental advocates alike. In the latest round, CfDs were awarded to Innogy (Triton Knoll), EDPR (Moray East) and DONG Energy, whose Hornsea 2 will become the world’s largest windfarm when it produces first power in 2022-23. At the same time, downward pressure on oil prices continues to accelerate the interest of oil and gas majors in renewable energy – which in turn has driven greater investment in development of technology.

Using our CO2 Emissions

Using our CO2 Emissions

Oilfield control was the reason behind many 20th-century conflicts. European colonization of Trinidad and the Caribbean was driven by a desire for territory, new sources of food, raw materials, minerals, and – later in Trinidad’s case – oil.

Energy efficiency in power generation in T&T

Energy efficiency in power generation in T&T

Earlier this year, it was announced that Trinidad and Tobago ratified the Paris Agreement. This is a commitment by the government to reduce carbon dioxide (CO2) emissions by 15 per cent in three main sectors of the economy, namely industry, power generation and transport, by 2030. The government therefore has a significant role in driving the changes needed to achieve these targets. 

5 steps for successful rig intake

5 steps for successful rig intake

After a period of dormancy, drilling activity is starting to ramp up. As an operator, you will be looking to take advantage of low rig rates and will ideally be looking for a ‘hot rig’ (i.e. an operational rig), to avoid risk and delay which can occur from contracting nonoperational rigs that require reactivation from a state of warm or cold stacking.

Transforming the T&T Natural Gas Industry: Maximising the Value Chain

Transforming the T&T Natural Gas Industry: Maximising the Value Chain

The Trinidad and Tobago energy sector finds itself at a very critical juncture requiring a mindset to navigate a difficult period to survive the long term. It was in this context that NGC provided its insights at this year’s Energy Conference. The contributions made by sector colleagues have undoubtedly bolstered the theme of “Maximizing Value Through Collaboration”, as the sector leverages synergies and partnerships for a successful 2018 and beyond.

Positive Staatsolie outlook

Positive Staatsolie outlook

Staatsolie is excited about their drilling prospects in 2018/2019. At the Trinidad and Tobago Energy Conference (Energy Conference), hosted by the Trinidad and Tobago Energy Chamber (Energy Chamber) in January, Rudolf Elias, Managing Director of Staatsolie, outlined the plans for the state-owned oil company for the upcoming year. 

U.S. aluminum and steel tariffs

U.S. aluminum and steel tariffs

The oil and gas industry in the United States has come out strongly against the steel and aluminum import tariffs introduced by President Donald Trump. On Thursday 8th March, President Trump signed into effect tariffs of 25 per cent on steel and 10 per cent on aluminum, a measure that was a campaign promise geared towards helping waning U.S. industries.

Minister visits Altamira, returns to talk with La Brea residents

Minister visits Altamira, returns to talk with La Brea residents

During the Trinidad and Tobago Energy Conference in January, BPTT announced that they would take a delegation of Trinidad and Tobago stakeholders to Altamira, Mexico where the Angelin platform is being fabricated. The delegation, including Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries, visited the fabrication yard later that month.

T&T’s natural gas production shows first year-on-year increase since 2013

T&T’s natural gas production shows first year-on-year increase since 2013

Recently released figures from the Ministry of Energy and Energy Industries have confirmed that average gas production in 2017 was up slightly from the previous year. While the year-on-year increase in total production was just 1 per cent, it represents the first year-on-year increase in average production since 2013.