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Honourable Stuart R. Young, M.P. Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, along with Mrs. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries, met with bp executives at the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head Office, Port-of-Spain.
Mr. Colin Bain, Managing Director and President, Methanex Trinidad and Tobago provided an update on the global operations of the Canadian-based company with a special focus on its operations within Trinidad and Tobago. Discussions surrounded Trinidad and Tobago’s strategic position in Methanex’s global portfolio, as being poised to supply both the domestic blended fuel market and the global shipping markets.
Prime Minister Dr. The Honourable Keith Rowley toured the Trinidad Offshore Fabricators Unlimited’s (TOFCO) fabrication yard in La Brea today where the Mento Platform is being constructed.
The Energy Chamber would like to recognise and highlight the significant role of some of its member companies in the wake of the recent oil spill off the coast of Tobago. The swift response and dedicated efforts of these member companies have played a pivotal role in containing the spill and minimising its impact.
A delegation led by the Trinidad & Tobago Minister of Energy, Honourable Stuart Young, and joined by representatives from bp, is in Venezuela to discuss the development of cross border gas fields.
The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister led a high-level delegation from the Ministry of Energy and Energy Industries, representing the Government of the Republic of Trinidad and Tobago, to the 7th Gas Exporting Countries Forum (GECF), Summit, in Algiers, the Democratic Republic of Algeria.
bp Trinidad and Tobago has announced that the first well on Cypre has been spud.
I have never been someone afraid of speaking in public, but I must admit that I was nervous about conducting a one-to-one interview with the Honourable Dr Keith Rowley, the Prime Minister of Trinidad & Tobago, in front of more than seven hundred delegates and the entire nation via TV and the wide world via the livestream.
The NGC Group (“The Group/the Group”) has announced a profit of $2.38 billion, maintaining a position of profitability for the year ended 31 December 2022. According to the 2022 summary consolidated financial statements, this solid performance is just 5.2% lower than the $2.51 billion after-tax profit recorded in 2021.
NGC welcomes the Ministry of Energy and Energy Industries official announcement, made December 5th 2023, that an agreement for a new unitised commercial structure for Atlantic LNG has been successfully executed. This announcement is the culmination of almost five years of demanding yet collaborative negotiations and is a testament to the unending dedication of all shareholders to reach a mutually agreeable outcome. The landmark commercial arrangement for the facility signals the country’s pursuit of excellence on a global scale, in an effort to maximise all opportunities for bolstering the sustainable development of Trinidad and Tobago’s LNG and energy sectors.
Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately 1.9 billion USD.
In its continuing efforts to solidify partnerships in the petrochemical sector and support the sector’s continued growth, NGC completed the signing of a Gas Sales Contract (GSC) with PCS Nitrogen Trinidad Limited (Nutrien). The contract, one of several with ammonia exporters operating in Trinidad and Tobago, affirms this country’s position as one of the world’s leading exporters of ammonia.
Hess Corporation has announced startup of production from the Payara development on the Stabroek Block offshore Guyana, utilizing the Prosperity floating production, storage and offloading (FPSO) vessel. The Prosperity is expected to reach its initial production of 220,000 gross barrels of oil per day over the first half of 2024 as new wells are brought online. Production capacity on the Stabroek Block is now approximately 620,000 gross barrels of oil per day.
Woodside’s CEO, Meg O’Neill and Shiva McMahon, EVP International Operations spoke at the company’s Investor Briefing Day about the future of the Calypso deepwater development in T&T. The Calypso development is one that the energy industry in T&T is keenly watching.
The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister along with Ms. Penelope Bradshaw-Niles, Permanent Secretary Ministry of Energy and Energy Industries and Ms. Karinsa Tulsie, Deputy Permanent Secretary at the Ministry of Energy and Energy Industries visited the Atlantic LNG, Point Fortin facilities with members of the PETRONAS, Malaysia delegation on 7th November 2023. This was part of the two-day knowledge sharing programme hosted by the Ministry of Energy and Energy Industries.
The University of Trinidad and Tobago has announced the dedication of the administrative building at the UTT Tamana Campus in honour of Professor Kenneth Julien (Emeritus), TC, UTT’s founding Chairman and President.
The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister along with Ms. Penelope Bradshaw-Niles, Permanent Secretary Ministry of Energy and Energy Industries, Ms. Sandra Fraser, Permanent Secretary Ministry of Energy and Energy Industries and Ms. Karinsa Tulsie, Deputy Permanent Secretary at the Ministry of Energy Industries, met with representatives of Petroliam Nasional Berhad (PETRONAS) at the Ministry of Energy and Energy Industries’ Head Office Port-of-Spain on 6th November 2023 as part of a two-day knowledge sharing energy sector visit by PETRONAS to the Republic of Trinidad and Tobago.
PETRONAS has announced that its subsidiary, PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.
The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of The Prime Minister along with Ms. Penelope Bradshaw-Niles, Permanent Secretary, Ministry of Energy and Energy Industries; and Ms. Sandra Fraser, Permanent Secretary, Ministry of Energy and Energy Industries; met with representatives of the Saudi Fund for Development (SFD), a Saudi Arabian government agency. The meeting took place on Wednesday 1st November, 2023 at the Ministry of Energy and Energy Industries’ International Waterfront Complex, Head-Office. The representatives of the Saudi Fund for Development present at the meeting were Mr. Yaser Albakri, Director General of Sectoral Expertise, Saudi Fund for Development and Mr. Yaser Alzuwayed, Director of Development Monitoring, Saudi Fund for Development.
