Viewing entries in
News

Shell signs new agreement with T&T government

Shell signs new agreement with T&T government

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.

Minister Khan discusses DME project with Japanese Ambassador

Minister Khan discusses DME project with Japanese Ambassador

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.

Energy Chamber mourns the passing of Dennis Patrick, CEO of Methanol Holdings Trinidad Limited (MHTL)

Energy Chamber mourns the passing of Dennis Patrick, CEO of Methanol Holdings Trinidad Limited (MHTL)

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 spuds Coho-1 in Ortoire

Touchstone spuds Coho-1 in Ortoire

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.

NGC holds its Ba1 rating

NGC holds its Ba1 rating

Credit rating agency Moody’s has announced that the National Gas Company of T&T will maintain a Ba1 rating for 2018.

Value and volume of business for energy services companies remain below normal

Value and volume of business for energy services companies remain below normal

Fifty per cent of energy services companies polled indicated that the value of their business was down in the second quarter of 2019. When asked for reasons that their value of business was down, all respondents indicated that it was due to a decrease in demand for their services. Other major reasons cited were less business opportunities and loss of contracts/projects. Fifty per cent of respondents also indicated that the volume of their business was down in the second quarter of 2019. Respondents indicated that this was due to a decrease in demand for their services and less business opportunities. 

CNG sales experience 136% increase over 15 months

CNG sales experience 136% increase over 15 months

Compressed natural gas (CNG) is clearly expanding by any metric. At a recently concluded CNG Symposium and Open House organised by the NGC CNG, Curtis Mohammed, President of CNG NGC, provided an update on the CNG initiative. During the update, Mohammed provided some key statistics showing the uptake for CNG from 2014 to present. 

Venezuelan nationals working in the downstream energy sector

Venezuelan nationals working in the downstream energy sector

Within recent times, the Venezuelan migrant crisis has dominated the international and local media. Over the past year in particular, there have been waves of arrivals of Venezuelans into Trinidad, driven in large part by the collapse of the economy and deteriorating living conditions. Many of them have sought employment in different areas of both Trinidad and Tobago. Given Venezuela’s global reputation as a major player in the oil and gas industry, there has been concern in some quarters about Venezuelans coming to work in the energy industry, particularly the petrochemical sector and displacing locals. 

Late payments persist and continue to take a toll on contractors

Late payments persist and continue to take a toll on contractors

In a recent survey undertaken by the Energy Chamber of Trinidad and Tobago (Energy Chamber), it was revealed that late payments for work completed continues to occur. The respondents were all energy services companies that are currently engaged in work in the sector. Over 94 per cent of respondents reported that they have significant or very significant financial impacts due to late payments. In addition, almost 70 per cent of companies have reported that the situation has been getting worse over the last three years.

Atlantic: coping with an uncertain future

Atlantic: coping with an uncertain future

With its recent 20th anniversary celebrations now in the proverbial rear-view mirror, liquefied natural gas (LNG) production company, Atlantic, is peering into the journey ahead and exploring how it will continue to navigate a very competitive global business. 

Shell Trinidad and Tobago Limited commits to STOW Charter with the Energy Chamber

Shell Trinidad and Tobago Limited commits to STOW Charter with the Energy Chamber

On Thursday 9th May, 2019, Mr. Derek Hudson, Vice President and Country Chair of Shell Trinidad and Tobago Limited, signed the Safe to Work (STOW) Charter, demonstrating the Company’s commitment to the objectives of STOW. Also present at the signing which took place at the Energy Chamber of Trinidad and Tobago’s Executive Office were Dr. Thackwray Driver, President & CEO of the Energy Chamber of Trinidad and Tobago; Mr. Fitzroy Harewood, Chairman of the STOW Implementation Board and President of Pt. Lisas Nitrogen Limited and Mr. Eugene Okpere, Chief Operating Officer of Shell Trinidad and Tobago Limited.