Predator Oil & Gas (Predator) has completed the acquisition of Challenger Energy (CEG) Group's operations in Trinidad and Tobago. CEG’s operations in Trinidad include three onshore producing fields: Goudron, Inniss-Trinity, and Icacos. Across these fields, there are a total of 250 wells, of which approximately 60 are in production at any given time. Within the fields, regular well workover operations are undertaken on the existing production well stock, including well stimulation operations, reperforations, reactivations, and repairs to shut-in wells, as and when appropriate.
United Oil & Gas (United) has announced that it has been granted the Beach licence in Jamaica. This licence enables United to undertake seabed sampling operations within the Walton Morant Basin, offshore Jamaica.
IRP Fire and Safety Ltd. (IRP) has announced its merger with ROSE Environmental Ltd., adding to several other consolidations in the industry this year.
Recently ExxonMobil released its annual Energy Outlook 2025 which projects a significant increase in global demand for natural gas over the next quarter-century. According to the outlook, natural gas use is expected to rise more than 20% by 2050 compared to last year's levels. The LNG market projected to double by 2050 as global gas demand grows.
Dr the Honourable Roodal Moonilal, Minister of Energy and Energy Industries, met with the Honourable Dickon Mitchell, Prime Minister of Grenada; Senator the Honourable Claudette Joseph, Attorney General of Grenada and Minister for Legal Affairs, Labour and Consumer Affairs; Mr Rodney George, Advisor, Ministry of Infrastructure, Public Utilities, Civil Aviation and Transportation, and Advisor in the Ministry of Climate Resilience, the Environment and Renewable Energy; and Mr V. Nazim Burke, Chairman of Grenada’s Hydrocarbons Technical Working Group, Ministry of Infrastructure, Public Utilities, Civil Aviation and Transportation.
The NGC Group has recorded a profit after tax of TT$1.6 billion for the financial year ended 31 December 2024.
This is a recovery for the NGC Group from a loss-making position at the end of 2023. Last year the company reported a loss of TT$1.3 billion, which was principally as a result of impairment charges of TT$1.8 billion. The 2024 profit represents an improvement of TT$2.9 billion from last year.
ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 barrels of oil per day.
bp plc announced a "fundamental reset" earlier this year, pivoting its strategy away from renewables and back toward fossil fuels after years of underperforming in the capital markets compared to its major peers such as Shell and Exxon. Early indications are that this new direction seems to be paying off in the capital markets, with Q2 results surpassing earnings expectations and share prices rising with the news and on the back of an extremely promising exploration successes in Brazil and Namibia.
Trinidad and Tobago's government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area that includes seven blocks to explore for oil and gas, two senior government officials told Reuters.
Blue Water Shipping has announced that it has secured the Rig Agency and the Logistics & Shorebase support contract for Noble Corporation's operations in Block 52.
EnerMech has won a contract extension for work carried out on platforms offshore Trinidad and Tobago operated by bpTT.
In the energy sector there’s a constant ebb and flow when it comes to mergers and acquisitions. There has been quite a lot of consolidation in the industry in the past few weeks. Recently, SLB acquired ChampionX, Chevron acquired Hess Corporation and here in Trinidad, Perenco acquired the assets of Woodside Energy. In the local energy services sector, we also saw TOSL Engineering purchasing Ansa Technologies.
Last week, a pair of global energy services companies agreed on a merger creating a leader in energy services, according to the companies – Subsea7 and Saipem. Both major companies are active in the region with projects in Guyana, Suriname and Trinidad & Tobago.
SLB has announced that it has closed its acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB’s outstanding shares of common stock.
bp Trinidad and Tobago has achieved two major milestones, sanctioning the Ginger gas development and exploration success at its Frangipani well.
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 Ministry of Energy and Energy Industries has announced the granting of the Exploration and Production (Public Petroleum Rights) Licence for the Rio Claro Block situated in the Wards of Charuma, Cocal, Ortoire and Guayaguayare to NGC E&P Investments Limited and Primera Oil and Gas Limited, a wholly owned subsidiary of Touchstone Exploration Inc.
Massy Gas Products (Guyana) Ltd (MGPGL) commissioned an Air Separation Plant yesterday at their East Bank Demerara facility. The liquid oxygen and nitrogen plant has a production capacity of 13 tons per day. This cutting-edge facility is designed to meet the growing demands of Guyana’s medical and industrial sectors.
The Centre for Chemical Process Safety (CCPS) recently held a one-day meeting in Trinidad and Tobago, featuring a series of presentations from industry professionals engaged in process safety. At the meeting, Heritage Petroleum’s CEO Erik Keskula gave welcoming remarks and started by saying “If there’s something that keeps me up at night it’s process safety”. Heritage Petroleum was the lead sponsor of the event and hosted the event alongside the CCPS.
Tiger Tanks is the first private sector company in T&T to complete an extensive GHG inventory and mitigation assessment. Over the past few months, the company has partnered with the University of Trinidad and Tobago (UTT) to conduct the assessment. This project allows Tiger Tanks to identify key emission sources and equips the company with the tools needed to implement targeted strategies for reducing those emissions.
Honeywell has announced a strategic collaboration with Chevron to develop advanced artificial intelligence (AI)-Assisted solutions to help operators make decisions to enhance efficiency for refining processes and improve safety within the industrial automation space.
