All stories
Viewing entries in
News
The alliance aims to improve capital efficiency in Site Projects, starting in bp’s North Sea portfolio and expanding to include projects in Trinidad and Tobago later this year. Utilising high value engineering solutions and capabilities will achieve targeted cost savings and deliver more efficient projects.
Methanex Corporation (Methanex) and its subsidiary, Waterfront Shipping, today marked another milestone in the global maritime industry by completing the first ship-to-ship methanol bunkering demonstration in the Caribbean. Conducted at the Port of Point Lisas in Trinidad and Tobago, this landmark demonstration was made possible through collaboration with the National Energy Corporation of Trinidad and Tobago Limited (National Energy), Paria Fuel Trading Company, NYK, Green Marine, Bunker Holding, Uni-Tankers and Dan Bunkering.
The Ministry of Energy and Energy Industries (MEEI) has advised that the re-floated ‘Gulfstream’ barge, has successfully been towed to Port-of-Spain, Trinidad.
The Sea Lots Channel and Turning Basin has been fully restored to its original design depth for the first time in approximately 15 years.
Trinidad and Tobago NGL Limited (TTNGL) continues to post a solid financial performance for 2024. Following the uptick of its profits in Q1, 2024 performance, TTNGL, according to The NGC Group Chairman, Dr. Joseph Ishmael Khan, recorded a profit after tax of TT$46.7 million for the six months ended 30 June 2024. This represents a remarkable year-on-year improvement of TT$49.5 million compared to the corresponding period in 2023 when the company recorded a loss of TT$2.8 million. This substantial recovery translates to earnings per share of TT$0.30.
McDermott has been awarded an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract by Shell Trinidad and Tobago Limited for the Manatee gas field development project, located 60 miles (100 kilometers) off the southeast coast of Trinidad and Tobago.
The Honourable Stuart R. Young S.C., M.P, Minister of Energy and Energy Industries, Ms. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries; and Ms. Sandra Fraser, Permanent Secretary at the Ministry of Energy and Energy Industries met with Woodside Energy executives.
bp Press Release
The Ministry of Energy and Energy Industries via a release said that the Minister Stuart Young, along with other senior officials met with Shiva McMahon, EVP International Operations, Woodside Energy; Mrs. Kellyanne Lochan, Country Manager Woodside Trinidad and Tobago; Ms. Stacy Patrick, Calypso Project Director; Mr. Onne Peters, Vice President Atlantic Sales; and Dr. Carla Noel-Mendez, Corporate Affairs Manager, Woodside.
The national natural gas audit for 2021 and 2022 was released earlier this week at the Ministry of Energy and Energy Industries. Minister Young along with the consultants from DeGolyer and MacNaughton (D&M) of Dallas, Texas shared data from the audit and highlighted the growth in reserves position of the country.
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.
