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12 sites identified in Trinidad and Tobago for GCCA+ Solar Photovoltaic (PV) installations

12 sites identified in Trinidad and Tobago for GCCA+ Solar Photovoltaic (PV) installations

Trinidad and Tobago’s transition to renewable energy was given a boost today with the announcement of the 12 finalist sites chosen to receive installations of small-scale roof-mounted Solar Photovoltaic (PV) solar panels, capable of supplying energy for power generation. The announcement was made by the Global Climate Change Alliance Plus (GCCA+) Project Team at the United Nations Development Programme (UNDP) in Trinidad and Tobago. These installations form part of a EUR 2.4 M project entitled ‘Support to the Implementation of Trinidad and Tobago’s Nationally Determined Contribution’, designed to assist the country on a low carbon path, and increase its climate resilience in keeping with its stated targets and committments under the 2015 Paris Agreement.

NGC Group’s financial performance continues to strengthen in 2021

NGC Group’s financial performance continues to strengthen in 2021

The National Gas Company of Trinidad and Tobago Limited (NGC) together with its subsidiaries (collectively the Group) announced a profit of TT$$437M which represents an uplift of 292% compared to with the restated loss of TT$228M for the same period in 2020. Cumulatively for 2021, The Group’s financial performance compares favourably with the first half of the previous year and signals a trend of improvement that is expected to continue based on current market conditions.

Merger of BHP's petroleum business with Woodside

Merger of BHP's petroleum business with Woodside

The Energy Chamber of Trinidad & Tobago has noted the recent announcement concerning the merger of BHP’s Petroleum Division with Australian independent gas producer, Woodside, subject to negotiations and regulatory approval.

Woodside and BHP to create a global energy company

Woodside and BHP to create a global energy company

BHP has announced its intent to create a global top 10 independent energy company through an agreement to pursue a merger of BHP’s petroleum business with Woodside

Merging BHP’s Petroleum assets with Woodside will unlock synergies and increase value and choice for BHP shareholders. The combined business will offer ongoing value during the energy transition.

Aquaterra Energy pioneers renewable-powered offshore platform for DeNovo in Trinidad

Aquaterra Energy pioneers renewable-powered offshore platform for DeNovo in Trinidad

Aquaterra Energy, has completed the engineering design for a renewable-powered Sea Swift offshore platform for DeNovo Energy Limited. The offshore platform is part of the development activity for the Zandolie field, located in the Gulf of Paria, off the west coast of Trinidad and is scheduled to be installed in Q4 2021.

NGC publishes 2020 Annual Report

NGC publishes 2020 Annual Report

The National Gas Company of Trinidad and Tobago Limited (NGC) has published its 2020 Annual Report, themed ‘Embracing Opportunity, Creating Value’.

NGC, MHTL open an exciting new dimension of commercial partnership

NGC, MHTL open an exciting new dimension of commercial partnership

There is positive news for the downstream sector as The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Consolidated Gas Supply Contract (CGSC) with Methanol Holdings (Trinidad) Limited (MHTL), part of the Proman family of companies. This contract will support operations at the MHTL Methanol Complex, which includes the mega-methanol M5 plant, one of the world’s most efficient low carbon methanol producers. Where in the past each of MHTL’s plants was supplied under individual gas sales contracts, the CGSC is a single contract which will govern the sale of gas to the entire complex. This new approach will streamline and enhance contract administration, relationship management, logistics and planning, and give flexibility to MHTL to manage its supply in the most efficient manner.

NGC signs Zandolie Gas Sales Contract

NGC signs Zandolie Gas Sales Contract

DeNovo Energy Limited (DeNovo) and the National Gas Company of Trinidad and Tobago (NGC) announced the signing of the Zandolie Field development Gas Sales Contract (GSC) for commercialisation of the Zandolie Field located in Block 1(a).

bp installs Cassia C platform

bp installs Cassia C platform

bp Trinidad and Tobago LLC (bpTT) announced the installation of the topsides of its Cassia Compression (Cassia C) platform off Trinidad’s east coast.

ExxonMobil to participate in carbon capture and storage project in Scotland

ExxonMobil to participate in carbon capture and storage project in Scotland

ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes ExxonMobil’s joint venture gas terminal.

bp teams up with Quaybridge to accelerate offshore wind growth

bp teams up with Quaybridge to accelerate offshore wind growth

bp has formed an exclusive consultancy agreement with Quaybridge, a leading UK-based renewables consultancy with global expertise in offshore wind. The two will work together to advance bp’s global offshore wind portfolio as part of its zero-carbon growth strategy, and accelerate the building of in-house offshore wind knowledge for bp.

Energy Sector to be allocated more vaccines

Energy Sector to be allocated more vaccines

The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young, M.P. has advised that, after consultation with the Minister of Health, the Honourable Terrence Deyalsingh, M.P., the Government is going to allocate a further 5,000 vaccines for application in the Energy sector, when the next tranche of vaccines arrive in Trinidad and Tobago.

Republic Group Announces US$200M In Support Of Climate Finance Goals

Republic Group Announces US$200M In Support Of Climate Finance Goals

The Republic Group has signaled its intention to lend and invest USD$200 million by 2025 to support actions that would help achieve major Climate Finance Goals. These goals will be achieved by activities which include the lending and investment for loans that enable the sale of electric and hybrid cars, loans that are aligned to the promotion of clean fuels, renewable energy and technology, that contribute to an improvement in energy efficiency and construction loans that deploy climate-resilient technologies.