Speaking at the opening of the BP Statistical Review of World Energy, Claire Fitzpatrick, Regional President of BPTT subtly announced that BP has submitted a bid to the Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell.
The Energy Chamber’s Energy Services Sector Survey (ESSS) is a quarterly survey of energy services contractors.
The Minister of Energy and Energy Industries, Franklin Khan, launched a new mentorship training programme in the Ministry of Energy themed ‘Inspiring Trinidad and Tobago’s future’.
BP’s Chief Economist, Spencer Dale, in a one-on-one interview with EnergyNow indicated that prices for services may not see the rebound that many industry players anticipate.
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.
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.
Heritage Petroleum confirms that Arlene Chow has been appointed as the interim CEO Heritage Petroleum Company Limited pending the recruitment of a permanent CEO to replace Mike Wylie.
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.
The Energy Chamber of Trinidad & Tobago is relieved to learn that the “contempt of court” case against the Trinidad & Tobago Chamber of Industry and Commerce, Gabrielle Faria, Frank Mouttet and Derek Ali has been dropped by the Industrial Court.
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The Ministry of Energy and Energy Resources recently announced the finalization of negotiations between the Government and Shell Trinidad and Tobago Limited on gas related issues.
Senator the Honourable Franklin Khan, the Minister of Energy and Energy Industries met with Mr. Tatsuo Hirayama the Japanese Ambassador Extraordinary and Plenipotentiary to Trinidad and Tobago at the Ministry’s Office on August 7, 2019. Also in attendance at the meeting was the Permanent Secretary is the Ministry of Energy and Energy Industries – Ms. Azizah Baksh-Backredee and other Senior Technical Officers.
The Board and Executive Office of the Energy Chamber is very saddened at the sudden passing of Dennis Patrick, CEO of Methanol Holdings Trinidad Limited (MHTL). Mr. Patrick was an active member and supporter of the Energy Chamber in his capacity as CEO of MHTL and was a presenter at our TTEC 2019 in February at Hyatt Regency. He will be remembered as a well-respected leader in the energy sector. We extend sincere condolences to his family and the MHTL and the Proman Group on Mr. Patrick’s untimely passing. May he rest in peace.
Touchstone spudded the Coho-1 exploration well on the Ortoire exploration block on August 7, 2019 using Well Services rig #80. The Coho-1 well is targeting gas prospects in the Herrera formation at depths between 5,200 and 8,500 feet.
BHP has indicated that it has approved US$283 million (BHP share) in funding to develop the Ruby Project in Trinidad and Tobago.
Recently, it was reported that Qatar Petroleum has farmed into two blocks offshore Guyana (Orinduik & Kanuku blocks). It was stated that the Qatari oil company takes 40% of Total’s stakes in the blocks – which means that the company now owns 10% in each block.
Credit rating agency Moody’s has announced that the National Gas Company of T&T will maintain a Ba1 rating for 2018.
BPTT’s Cassia Compression development will access 1 TCF of resources, according to Regional President Claire Fitzpatrick.
BHP has indicated that Phase 3 of the deepwater drilling campaign in Trinidad and Tobago has been completed.
The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximizing recovery from these existing resources.