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The Caribbean Development Bank (CDB, the Bank) has approved a USD 34.8 million loan to the Geothermal Power Company of Dominica (GPC) to fund the construction of a 10-megawatt (MW) geothermal power plant. The project is designed to strengthen Dominica’s energy security, reduce electricity production costs, and significantly lower carbon emissions in the power sector.
The Energy Chamber of Trinidad & Tobago is monitoring the incident involving the Well Services rig. Employees of a number of our member companies were on the rig at the time of the incident and impacted by the event; others are involved in rescue operations. The immediate priority is to ensure that everyone is physically safe.
Perenco T&T Limited has announced the completion of the acquisition of the Cashima, Amherstia, Flamboyant & Immortelle offshore gas fields and associated production facilities, as well as the undeveloped resources from the Parang field (CAFI asset), from bp Trinidad and Tobago (bpTT). The acquisition, combined with Perenco’s operation of the TSP fields, aligns Perenco as a major gas producer in Trinidad and Tobago.
Touchstone Exploration (Trinidad) Ltd. has entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Limited.
The Energy Chamber proudly announces the appointment of Mala Baliraj, Chief Executive Officer at Massy Wood Group Ltd as its Chairperson.
The National Gas Company of Trinidad and Tobago Limited (NGC) has shipped its first two cargoes of Liquefied Natural Gas (LNG) from Atlantic’s Trains 2 and 3 since the commercial restructure of Atlantic in December 2023. The shipments left Atlantic’s facility in Point Fortin on November 26th and December 6th 2024, bound for Italy and Egypt respectively.
NESC Technical Institute has announced the graduation of 112 students who completed the 2024 Perenco-Sponsored Training Programmes at the Mayaro Campus.
The graduation ceremony, held on Saturday 30th November 2024, celebrated the achievements of community members who are now equipped with skills to thrive in their respective fields.
Graduates excelled in the following programmes:
· Computer Repairs and Maintenance
· Basic Electrical Installation
· Fundamentals in Hybrid Technology
· Introduction to Solar Photovoltaics
· Microsoft Excel Expert
· Microsoft Word Expert
· Plumbing Level 1
The Energy Chamber of T&T hosted its annual Downstream Forum earlier today. This important annual forum provided close to 150 of our energy service and contractor members with details of on-going and planned maintenance projects, upgrades and turn-around activities within the downstream sector. This is vital business intelligence information that allows our service company and contractor members to plan their activities and ensure that they maximise the value of business within the local economy. The attendees were provided with detailed information on the planned activities of eight of the major downstream companies over the short – medium term.
Minister Young recently met with Methanex executives, Dean Richardson, Senior Vice President-Financial Officer of Methanex and Colin Bain, Managing Director & President at Methanex Corporation.
Shell, Mc Dermott and Trinidad Offshore Fabricators Unlimited (TOFCO) recently hosted a ceremonial simulation of steel cutting to signal the commencement of the local fabrication phase for the Manatee Project, at the TOFCO Yard, La Brea Industrial Estate.
The Honourable Stuart R. Young, Minister of Energy and Energy and Energy Industries along with David Campbell, President bpTT, Paul Stern, Projects General Manager bpTT and Giselle Thompson, Vice President, Communications and External Affairs, bpTT, toured the ‘Seven Seas,’ a pipe-laying vessel which is currently supporting the development of bpTT’s Cypre Project in Trinidad and Tobago.
Heritage Petroleum Company Limited (Heritage) has announced the commissioning of a steam generator aimed at significantly improving oil recovery in the Forest Reserve area. This represents a major step forward in the company’s commitment to enhancing operational efficiency and maximising resource extraction.
The Ministry of Energy and Energy Industries has announced the successful deployment of Light Detection and Ranging devices (LiDARs) to the areas of Orange Valley and Galeota, Trinidad and Tobago. These devices will measure wind data to international standards for a period of 12-18 months, under the renewable energy initiative for the onshore ‘Wind Resource Assessment Programme (WRAP)’ for Trinidad and Tobago and it marks the first steps towards official wind energy deployment in Trinidad and Tobago.
A wide cross section of the Energy Chamber membership, spanning from small locally owned contractors through to major oil and gas operator companies, joined together on 20th November for the Energy Chamber’s annual Local Content Forum. Over one hundred and fifty participants were involved in extensive open and transparent dialogue to discuss major issues impacting the energy services sector and to identify areas for action by the Energy Chamber and other stakeholders in the coming year.
bp has announced that it has been awarded the NCMA 2 block offshore Trinidad as part of the Shallow Water 2023/24 bid round that closed in May 2024.
TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. TechnipFMC indicated that the project is worth over $1b
The container ship Maersk Halifax has been converted into a dual-fuel vessel able to operate on methanol. The retrofit operation was conducted at the Zhoushan Xinya Shipyard in China over 88 days with completion at the end of October 2024.
The Joint Chambers (AMCHAM Trinidad and Tobago, Energy Chamber of Trinidad and Tobago, Trinidad and Tobago Chamber of Industry and Commerce & the Trinidad and Tobago Manufacturers’ Association) are partnering with SEWA T&T to help provide potable water to households in communities impacted by flooding.
For the nine months ended 30 September 2024, Trinidad and Tobago NGL Limited (TTNGL/Company) has achieved a remarkable 153.2% increase in profit after tax over the same period in 2023. The Company posted an after-tax profit of TT$82.8 million, up significantly from TT$32.7 million in 2023. This equates to earnings per share of TT$0.53, reflecting an impressive growth of TT$0.32 compared to the prior year
The Joint Chambers calls on the Government of Trinidad & Tobago to urgently take whatever action necessary to immediately resolve the ongoing industrial action causing chaos at the Port of Port of Spain. The lack of affirmative action on this matter is leading to a national crisis, at a most inopportune time of the year when the volume of shipments is typically at its highest and makes it imperative that the port operates efficiently.
