Hess Corporation announced startup of production from the Liza Phase 2 development on the Stabroek Block offshore Guyana, utilizing the Liza Unity floating production, storage and offloading (FPSO) vessel. The Liza Unity is expected to reach its production capacity of 220,000 gross barrels of oil per day later this year as operations are safely brought online.
Trinidad & Tobago’s Ministers of Energy and Planning have both reiterated the Government’s full commitment to the biggest solar electricity project in the Caribbean, dubbed Project Lara, despite delays in completing the final agreements with the project shareholders. Speaking at the Caribbean Sustainable Energy Conference, hosted by the Energy Chamber of Trinidad and Tobago, the Hon. Stuart Young, Minister of Energy, promised that the agreements would be “finalised, settled, signed and executed” by the end of February 2022 and the project would be up and running by 2023.
The Honourable Stuart R. Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister is pleased to announce the execution by the Government, and Atlantic LNG Shareholders, companies affiliated with BP, Shell Trinidad and Tobago Limited (Shell) and The National Gas Company of Trinidad and Tobago Limited (NGC) of a Heads of Agreement for the restructuring of Atlantic LNG.
His Excellency Dr Mohamed Irfaan Ali, President of Guyana delivers a keynote address at the Caribbean Sustainable Energy Conference 2022.
NGC has signed a Heads of Agreement (HOA) with Shell to start the pre-Front End Engineering Design (pre- FEED) phase for the processing of Manatee gas via NGC's Beachfield Facility. The HOA sets the frame for technical and commercial work to enable further progress through this phase of Manatee project.
The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water and is located approximately 42 miles (68 kilometers) southeast of the Liza field.
The National Gas Company of Trinidad and Tobago Limited (NGC) continues to move forward with its green initiatives through expansion of its energy portfolio and is creating value for the Company and Trinidad and Tobago, marking a major development in its growth and investment strategy.
KBR announced that it has been awarded a study to help establish a green hydrogen market in Trinidad and Tobago as part of an ongoing technical cooperation financed by the Inter-American Development Bank (IDB).
On Thursday 18th November 2021, Mr. Roger Ferguson, Chief Executive Officer, Trinidad Generation Unlimited (TGU), signed the Safe to Work (STOW) Charter. In doing so he committed the company to utilize the STOW certification system to assess contractors’ health, safety and environmental (HSE) management systems.
CGX Energy and Frontera Energy Corporation have confirmed that hydrocarbons were encountered during the drilling of Kawa-1, offshore Guyana.
AMCHAM T&T, the Energy Chamber and the T&T Chamber of Industry and Commerce continue to be concerned by the impact of the spread of COVID-19 on the society and economy. Over the almost two-years that we have been dealing with the impact of the pandemic, the Joint Chambers have attempted to support the country’s response. As a collective and in partnership with other civic organisations, we have run vaccinations sites, developed and funded pro-vaccination campaigns and proposed various policy measures to assist in containing the spread of the virus while maintaining a reasonable level of economic activity.
On Wednesday 8th December 2021, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister the Honourable Stuart Young MP participated in a Ministerial Round Table focused on Regional Development and Opportunities in Latin America as part of the 23rd World Petroleum Conference held in Houston, Texas from December 5 th – 9 th, 2021. The panellist on the round table included His Excellency Dario Martinez, Secretary of Energy, Argentina; Dr Jose Armando Zamora, President of the National Hydrocarbons Agency of Columbia and His Excellency Eduardo Gonzales Toro, Minister of Energy and Mines Peru, moderated by Sebastian Borgarello, Vice President Consulting, IHS Markit.
Vaccination rates amongst contractor and service company workers who visit the Energy Chamber’s Learning Centre in Point Lisas was 77% during the last week of November 2021 and averaged 73% over the entire month. All workers who enter the facilities of any of the Point Lisas plants and the Atlantic facility in Point Fortin have to undertake an assessment of their basic HSE knowledge every two years (“PLEA Pass”) at the Energy Chamber Learning Centre. The Energy Chamber has been collecting data on the vaccination status of all visitors to the Centre since July 2021 and there has been a steady rise in the rate of workers stating that they are fully vaccinated.
Touchstone Exploration has announced the results the first production test at the Royston-1 exploration well and provided data from the second test, which confirmed separate light oil discoveries.
Trinity Exploration & Production has announced that it has received approval for the Field Development Plan (“FDP”) for the Galeota Asset Development (“GAD”) Project from the Ministry of Energy and Energy Industries (“MEEI”). The comprehensive and relatively quick approval by the MEEI review team, against the background of the pandemic, is extremely helpful and provides a suitably matured development concept which can be reviewed by potential funding partners as part of the farm-down process.
APA Corporation announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, holding a 50% working interest.
As COP26 is in its final hours in Glasgow, Scotland, negotiations and discussions are still underway to foster agreements meeting the goals of the climate conference. Vulnerable and developing countries in the Alliance of Small Island States (AOSIS), are making their voices heard as a network of 39 member states situated in low-lying coastal areas, with the most to lose due to their sizes, geographical locations and economic conditions.