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Over 200 volunteers came out on Saturday 15th September to support this event by dedicating their time and efforts by removing and recording every single piece of garbage collected at the beach. The data collecting exercise assists with research information and policy development for the marine environment.
The Energy Chamber wishes to publicly recognize and applaud the outstanding achievement of contracting companies who have demonstrated a commitment to high HSE standards in their organizations. All companies were certified during the period May 2017 – August 2018.
The Joint Chambers have noted the comments made by President of the Industrial Court, Justice Deborah Thomas-Felix, at a special sitting to mark the opening of the court’s new term.
The Energy Chamber of Trinidad and Tobago warmly welcomes the signing of the Memorandum of Understanding between the governments of Guyana and Trinidad and Tobago and congratulates both governments on this positive step towards strengthening regional economic and social integration.
Read the full MOU between Guyana and Trinidad and Tobago
Canadian exploration company, CGX Energy, has announced the name of their new exploration well. The Utakwaaka well will be located in the Corentyne Block in Guyana. CGX Energy holds a 100 per cent stake in the block and according to the company, the well will be drilled in November 2019.
Total, a French oil and gas major, has begun taking steps to execute an exploration well in French Guiana, adding to the new wave of exploration being done in the southern Caribbean. Total is also hoping to mirror some success in the Guyana Basin like U.S. oil and gas major, Exxon.
Despite an uptake in activity in 2018 due to new drilling programmes coming on stream, local companies are not feeling optimistic about their business prospects.
The decline in Trinidad and Tobago’s liquefied natural gas (LNG) exports over the past few years, on the back of falling natural gas production, has seen big declines in the volume of exports to Argentina and Brazil. Volumes destined for Trinidad and Tobago’s other major markets, such as Chile, USA, Central America and the Caribbean have remained relatively robust.
Over 36 years after being discovered, the Iguana gas field in Block 1(a) is on track to begin production in 2018. Local drilling contractor, Well Services Petroleum Company Limited (Well Services), has announced the completion of a three-well development campaign for the Iguana field, which is owned and operated by DeNovo Energy Limited (DeNovo).
NiQuan Energy has finally made progress on the gas-to-liquids facility (GTL). The project has been uncertain for quite some time now and there have been many hurdles along the way, but it appears now that NiQuan has the green light to proceed.
Weeks after the announcement of an eighth find in Guyana by Exxon and the addition of a third drillship to the drilling programme, SBM Offshore has announced that it has received another contract for a second floating production storage and offloading (FPSO) unit.
This month, it was revealed in BHP Billiton’s (BHP) operational review for the year ended 30 June 2018, that the company has had success at the Victoria-1 well, drilled in the deepwater offshore Trinidad in TTDAA 5. This is a great indicator of hydrocarbons in the deepwater off Trinidad.
The much anticipated Angelin platform has arrived in Trinidad and Tobago. Angelin, which will be BPTT’s 15th offshore platform, was fabricated in Altamira, Mexico. Construction of the topside and jacket was completed at Altamira and sailed on June 30th. The platform arrived at the end of July.
BHP: EOI for provision of long lead drilling and completion materials related to the offshore Ruby Project
Petrotrin is and will continue to dominate the news. And for good reason. We must keep asking ourselves how we got where we are. Why Petrotrin – the company supposed to be our crown jewel – ended up in such dire situation. And how we can prevent more joining the same fate as Petrotrin’s refinery, the Arcelor steel plant, the idle platform production sites in La Brea and many other abandoned or underutilised manufacturing sites across the islands.
Employees from across the business sector have ignored calls from trade union leaders to participate in an illegal national strike.
If the government wants to make a success of the new upstream focused Petrotrin one of the issues it will need to address is the impact of Supplemental Petroleum Tax (SPT) on investment in the oil sector. It will be difficult to attract the necessary capital investment unless this long outstanding issue is resolved.
The Petrotrin Point-a-Pierre refinery has been a major customer for many of the service companies and contractors who make up the membership of the Energy Chamber. A recent survey of over 400 companies who have been certified to work as contractors in the energy sector has revealed that 59% of these companies have provided goods and/or services to the refinery over the last 5 years. Thirty-nine percent of them currently provide goods and/or services.
