The Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young MP, attended a contract signing ceremony between NGC and bpTT. The Honourable Minister of Energy and Energy Industries congratulated both NGC and bpTT on negotiating, in a collaborative manner, a new gas supply contract which secures future gas supply to the National Gas Company of Trinidad and Tobago (NGC), this gas will be utilized for the downstream petrochemical sector and electricity production.
Contractor and service company members of the Energy Chamber of Trinidad & Tobago received detailed information about future plans and opportunities to do business with the major upstream operating companies in Trinidad & Tobago at a virtual session on September 22, 2022. The operator companies provided members with details of possible future scopes of work and the sort of services and equipment that they would need to procure.
Shamrock HSE, a member of the Energy Chamber, participated in the Shaping The Future of Innovation programme, which is a partnership between the Government of Trinidad and Tobago through the Ministry of Planning and Development, the European Union (EU) and the Inter-American Development Bank (IDB) Lab, in collaboration with the Caribbean Industrial Research Institute (CARIRI) as the project implementing partner.
UN Secretary-General António Guterres has appointed Simon Stiell as the new Executive Secretary of the United Nations Climate Change Secretariat based in Bonn, Germany. The appointment has been endorsed by the Bureau of the UN Framework Convention on Climate Change (UNFCCC).
With Europe pushing hard to reduce their reliance on Russian gas, in the aftermath of the invasion of Ukraine, Trinidad & Tobago’s Liquified Natural Gas (LNG) exports have come into the geopolitical spotlight, and this has also brought the issue of Venezuelan gas exports to Trinidad back onto the agenda.
bp Trinidad and Tobago (bpTT) today announces the arrival of the Joe Douglas Jack Up rig. The drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas. The rig will be proceeding to our Mango drilling site – situated approximately 48km off the Galeota Point on Trinidad’s southeast coast – to commence our drilling programme in early October.
The NGC Group (The Group) of Companies’ financial performance for 2021, demonstrated a significant turnaround in profitability, as it successfully navigated the global energy landscape during that year. The Group recorded a profit of TT$2.6B for the financial year ended 31 December 2021. This profit is a far cry when compared to the loss of TT$2.1B in 2020. The Group’s revenues of TT$23.6B were TT$12.2B greater than revenues of TT$11.4B for 2020.
Touchstone Exploration has announced that the Trinidad and Tobago Environmental Management Authority (EMA) has confirmed that no further information is required regarding the Cascadura Environmental Impact Assessment (EIA). The Cascadura EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to conduct development operations within the Cascadura area of the Ortoire block.
The Honourable Stuart R Young, M.P., Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister visited Caracas, Venezuela on Friday 5th August, 2022 where he conducted a number of high level meetings with key members of the Bolivarian Republic of Venezuela’s Government.
The National Gas Company of Trinidad and Tobago Limited (NGC) and NewGen Energy Limited (NewGen) have deepened their partnership to cooperate on the enabling of a sustainable hydrogen economy for the energy sector of Trinidad and Tobago. On August 4 th 2022, both companies signed a non-binding Heads of Agreement (HOA), which outlines the framework for the establishment of Binding Definitive Agreements between the relevant parties, once acceptable terms can be reached.
TechnipFMC has been awarded a significant. contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas to Energy Project in Guyana.
Prosafe has announced that BP Trinidad and Tobago (bpTT) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations at Cassia C offshore Trinidad.
bp has announced the appointment of David Campbell to the role of President of its Trinidad and Tobago business effective October 1, subject to work permit approval. In this role, David will be accountable for the safe delivery and growth of the business in Trinidad and Tobago.
Minister Young has commended the U.S. International Trade Commission on revoking hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Trinidad and Tobago.
Touchstone Exploration Inc. announced the appointments of Dr. Priya Marajh and Jenny Alfandary to the Board of Directors with immediate effect. Dr. Marajh will serve on the Board's Health, Safety, Social and Environmental ("HSSE") Committee and Compensation and Governance Committee and Ms. Alfandary will serve on the Board's HSSE Committee and Audit Committee. In conjunction with these appointments, Touchstone also announces that Mr. Thomas Valentine has stepped down from the Board with immediate effect and will remain the Company's Corporate Secretary.
DeNovo Energy Limited (DeNovo), part of the Proman family of companies, has announced delivery of first gas from its Zandolie field. The Unmanned Minimum Facility is DeNovo’s second offshore field development to be completed in Block 1 (a) on the West Coast of Trinidad.
Proman Stena Bulk, a joint venture (JV) between a leading global methanol producer Proman and one of the world’s largest tanker shipping companies Stena Bulk, has today announced that its second methanol-powered newbuild tanker, Stena Pro Marine, has been delivered.
A Memorandum of Understanding (MoU) between Heritage Petroleum Company Limited, Paria Fuel Trading Company Limited and Staatsolie Maatschappij Suriname N.V was executed in Paramaribo, Suriname on the sidelines of the Suriname Energy, Oil and Gas Summit.
Challenger Energy, the Caribbean and Atlantic-margin focused oil and gas company, with oil production, appraisal, development and exploration assets across the region, provided an update in relation to the work program for its assets in Trinidad and Tobago and Suriname for the balance of 2022, and preparatory work for 2023.
CSA Ocean Sciences Inc. (CSA) announced the conclusion of an Environmental Assessment Program (EAP) for a major offshore energy operator in Block 58, a 5,841 km2 area located approximately 115 km offshore north Suriname. The EAP included an Environmental and Social Impact Assessment (ESIA) for a three-dimensional (3D) seismic survey proposed in Block 58.
