Energy Efficiency Committee submits report to Minister Le Hunte

Energy Efficiency Committee submits report to Minister Le Hunte

In June, the Government established a Cabinet-appointed multi-sectoral committee to develop a five-year action plan for the use of energy in all sectors of Trinidad and Tobago. The committee has completed its work and has handed in its report to the Minister of Public Utilities, Sen. the Hon. Robert Le Hunte.

SBM Offshore signs long-term FPSO supply agreement with ExxonMobil

SBM Offshore signs long-term FPSO supply agreement with ExxonMobil

SBM Offshore and ExxonMobil signed a Long-Term Agreement covering potential future FPSO orders. This agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs, which includes Build-Operate-Transfer projects that generally cover a short lease term.

Touchstone announces positive results from Coho-1

Touchstone announces positive results from Coho-1

Touchstone Exploration announced that its first exploration well has encountered four zones with prospective natural gas accumulations on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago.

Range Resources sells T&T operations

Range Resources sells T&T operations

The company stated in a press release that a binding conditional agreement was signed with LandOcean for the sale of Range Resources Trinidad in exchange for offsetting all outstanding debt due from Range to LandOcean (currently estimated at US$91 million) and cash consideration payable to Range of US$2.5 million.

Message of Support - Hurricane Dorian

Message of Support - Hurricane Dorian

The Energy Chamber is liaising with CARICHAM, the Caribbean regional network of Chambers of Commerce, who are the official private-sector representatives on CDEMA, the official CARICOM coordinating mechanism. Through CARICHAM we are in touch with the Bahamas Chamber of Commerce, who has established a GoFundMe page to collect donations.

Guyana to establish Local Content Compliance Unit

Guyana to establish Local Content Compliance Unit

The Department of Energy in Guyana (DoE) has announced that the government will set up a Local Content Compliance Unit which, according to Dr. Mark Bynoe, will help validate information from the operators.

MPC Caribbean Clean Energy announces dividend distribution after 9 months

MPC Caribbean Clean Energy announces dividend distribution after 9 months

Fernando Zúñiga, Executive Director, said: “Being able to distribute the first dividend only nine months after the IPO represents a huge success for the Company. The dividend corresponds to 8.9% on share capital and exceed our initial projections in the IPO prospectus substantially. This places MPC Caribbean Clean Energy Ltd. among the top dividend-paying stocks on the Jamaica and the Trinidad and Tobago stock exchanges.

Liza Destiny arrival expected within days

Liza Destiny arrival expected within days

The Liza Destiny, the first FPSO (floating production, storage and offloading) vessel for the Liza Development in Guyana, is reported to be in Atlantic waters and is expected to arrive within days.

Trinidad and Tobago and Barbados Sign Energy MOU

Trinidad and Tobago and Barbados Sign Energy MOU

The Office of the Prime Minister announced the signing of a MOU between the government of Trinidad and Tobago and Barbados. The signing took place on Saturday 24th August, 2019 in Barbados.