Given Guyana’s demand for fuels, and its oil and gas production prospects, what are the economics of investing in domestic refining assets?
The Petrotrin Board of Directors met on 2018 Tuesday August 28 with its employee
representative unions and the Company’s management to announce plans to end Petrotrin’s oilrefining operations at Pointe-a-Pierre and to redesign entirely its Exploration and Production
business. The restructuring exercise is geared to curtail losses at the state owned oil company and get it on a path to sustainable profitability.
Last Tuesday, Trinidad and Tobago shook with a powerful earthquake, making many of us fear for our lives. Thankfully, despite some material damage, no lives were lost.
First, the good news. The new Angelin platform, commissioned by bpTT, is home to be installed. If all goes well, it will start producing much needed additional gas in early 2019.
Just as more noise is made about the future – if any – of the former Arcelor Mittal site in Point Lisas, European steelworkers are beginning to see the end of the tunnel in what have been nearly five years of bleakness for the industry.
Any functioning society must have mechanisms to put right what, sometimes, employers get wrong, especially when it comes to discrimination at work, unfair treatment and abuse of power. This is a given, and employment tribunals play a vital role in making sure employees are treated fairly and within the law.
Anyone who works with addicts will know that the only chance for them to face and tackle their demons is to acknowledge the addiction in the first place.
To be successful, timing is everything. People and nations succeed by doing the right thing at the right time. Do the wrong thing, or get your timing wrong, and you are doomed to fail.
Italy based contractor, Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana. These contracts are in addition to those awarded to Saipem in 2017 for Liza Phase 1.
BHP has reported that they have encountered hydrocarbons at Bongos-2. The well was spud on July 22nd 2018 and was drilled using the Deepwater Invictus.
According to a press release, Shell has delivered first gas from its first well in its Dolphin Extension Campaign ahead of schedule in the East Coast Marine Area (ECMA).
BHP EOI for EPC and marine installation for Ruby Project
One of the primary objectives of NGC’s Strategic Plan is to restore balance to the gas supply scenario in Trinidad and Tobago. With supply currently below demand, the Company has been looking at different ways to bridge the gap. Measures have included partnering with Venezuela to monetise the Dragon field, lobbying for renewable energy uptake so molecules could be diverted from electricity generation, collaborating with upstream operators to bring new fields into production and continue their exploration thrust.
It was revealed that four of the seven wells are yet to contribute to the current stabilized production of Touchstone. Paul Baay, CEO Touchstone said "We are excited to increase production in the near-term. With the combination of these four wells and the remaining three to be drilled this year, 3 we are looking forward to a strong start to 2019.
Dwight Mahabir, Deputy Chairman of the Energy Chamber discusses the arrival of Angelin in Trinidad and Tobago on CTV News.
Hess Corporation announced an increased estimate of gross discovered recoverable resources for the Stabroek Block, offshore Guyana to more than 4 billion barrels of oil equivalent, up from the previous estimate of 3.2 billion barrels of oil equivalent.
There is an additional benefit of being a member of the Energy Chamber. If your company wishes to access any computer-based assessment or training at the Learning Centre, you can also do so via our Online Registration system, the EXTRANET.
Today, BHP released their Operational Review for the year ended 30 June 2018 and released information on success at Victoria-1, drilled offshore Trinidad in Block 5.
SBM Offshore recently announced that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the Liza development located in the Stabroek block in Guyana
At the recent launch of the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) Report 2016, perhaps the most anticipated information, apart from whether or not any ‘unexplained discrepancies’ were reported, was the figure for total flows to the Government of Trinidad and Tobago from the reporting companies in the oil and gas sector. And, even with some knowledge and appreciation of the steady decline in commodity prices coupled with low oil and gas production levels, this figure will still come as a surprise to many.